Educational Resources for All
Stakeholder Analysis is the first step in Stakeholder Management, an important process that successful people use to win support from others. Managing stakeholders helps them to ensure that their projects succeed where others might fail Stakeholder analysis is the process Read more
There are five main steps to portfolio management in project management. Identify the guiding objectives of the business If you work for a grocery store, is their goal to provide the freshest food, the largest selection, or the lowest prices? Read more
The art of selecting the right investment policy for an organization/individual in terms of minimum risk and maximum return is called as portfolio management. Portfolio management consists of three main elements: investing time horizon, diversification of investments, and risk tolerance. Read more
Project Selection and implementation of Lean Six Sigma is easy and at the same time should be handled delicately by keeping all some aspects in mind otherwise it might turn into a big disaster. An effective diagnostic study is required Read more
Macro-Parameters for Project Selection: The selection of a project should fit in with the environment and the considerations for such selection include: Permissibility of such a project in the: Existing legal and social condition; Government policies relevant to such project; Read more
Project Identification and selection is a process to assess each project idea and select the project with the highest priority. Project Identification:The process of identifying a candidate idea for developing into a project is called Project Identification. This is a Read more
Monitoring and evaluation is important because: It provides the only consolidated source of information showcasing project progress; It allows actors to learn from each other’s experiences, building on expertise and knowledge; It often generates (written) reports that contribute to transparency Read more
Project Management Parameters are certain characteristics and features that can define a project or its aspects. These parameters (project characteristics) can be expressed in different ways, including qualitative and quantitative terms – strict figures, technical wording, graphs, status etc. The Read more
Projects are unique – it requires doing something different/ly not done before Single definable purpose – projects are specified in terms of cost schedule and performance requirements Temporary – every project has a finite start and finite end Unique deliverables Read more
Reasons to do Project Management;Project Management in itself helps to; Clearly defines plans of the project before it begins – planning cannot be ignored, management tries to tame chaos by mapping out clear plans of the project from start to Read more