Project Budget Challenges

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The project budget is a very important part of the project plan  . It accounts for all the project costs involved and integrates the project schedule procurement plan, and the risk response plan as well. Among the various  key inputs to the project budget are the project schedule and  Work Breakdown Structure .

The project budget planning is very important  for  measuring the project performance and managing cash flow and  remember that the Project Budget Planning can be easier if the rest of the project planning activities have been done in a correct manner . Now since we are clear about the importance of the project budget , let us discuss the  common challenges that we as the project managers are likely to face :- Read the rest of this entry »

Different roles played by a project manager

All of us know the importance of a good project manager  for the success of a project . A  project manager plays many different roles ( and has many responsibilities ) and let us briefly discuss each of the main roles played by the Project Manager : Read the rest of this entry »

Project managers - 10 Common Mistakes during a project

There are tons of mistakes that a project manager may make while working on a project. But here are
the ten most common mistakes made by a  project manager and by taking care of these will help  us avoid the same mistakes during our projects. Read the rest of this entry »

3 Important Skills of Project Managers

Since a project manager needs to manage the entire project management team and make the project successful while taking care of the interests of all the key stakeholders as well so a project manager ideally should possess the following Skills . Read the rest of this entry »

5 Questions to answer to decide whether a “Project was Successful or Not”

Since there is no hard and fast rule to define a successful project because of the various reasons like different project standards used in the different projects and different acceptance criteria being used in different projects or the different client expectations etc.. etc.. Read the rest of this entry »

Project Scope Triangle- Project Scope part 3/3

Scope Triangle

To balance the stakeholder interests and minimize the changes, the ” Scope Triangle is used” in Project Management.

In the pic shown above : Read the rest of this entry »

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