Everyone makes mistakes; it’s human nature. It’s how we learn from our mistakes that truly matters. As a project manager, sponsor or coordinator, you need to focus on a number of details, notifications, and plans during the life cycle of … Read more
Working Capital Defined – During your business career, you have likely run into the term WC more than a few times. But do you know what it really is, and why it’s important to know? The working capital formula measures … Read more
What is Risk Appetite Definition? – A Risk Appetite Statement defines the degree of risk that an organization is prepared to accept in the wake of its objectives before action is decided to be necessary to reduce the risk. It … Read more
Congratulations! you passed the PMP Certification Exam and become a certified professional. You learned the latest trends, skills, methodologies, processes, and knowledge areas in project management in order to pass the Exam. However, you must be sure that your PMP … Read more
Value analysis is a relatively new approach to managerial decision-making. It includes a set of techniques to identify unnecessary items or costs in a product or service in order to eliminate them without decreasing their quality and serviceability. It is … Read more
Organizations handle projects to gain benefits (in either monetary or non-monetary terms), achieve goals, and satisfy client needs. Individuals who hold management positions can be at various different levels in an organization. Their most important tasks include achieving the organizational … Read more
Professionals new to financial terms, often think that acid-test ratio or liquidity are chemical concepts that are used to refer to complex chemical processes. However, it is an indicator that shows the ratio between the short-term assets and the short-term … Read more
Program Management is an important concept that refers to managing a number of projects as a group to improve organizational performance. A lot of people confuse the differences between project, program, and portfolio management because they sound quite similar. If … Read more
As an employer or manager, you have a duty of care to your employees. This includes providing a discrimination-free workplace environment where your team members are free to do their best in a safe, inclusive environment. Discrimination and inclusiveness are … Read more
If you are new to project management, most probably you asked the following question; What is a stakeholder? and get confused about the answer. In general, the definition comprises the following; Stakeholders are people or organizations who are associated with … Read more
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