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Time management is a crucial task in any project’s life cycle. In project management, time management can be defined as the ability to plan and organize activities to complete the project on time. For that reason, effective time management -project … Read more
Project managers often wonder how much money they will spend to complete the remaining project works. If the remaining direct costs and indirect costs of the works are more than estimated, clients, funders, and stakeholders will be unhappy and they … Read more
Here we will talk about the topic; Contingency Plan vs Fallback Plan with examples. Contingency plan and fallback plan are common risk management terms. If you are working in the field of risk management, most probably you know when and … Read more
Residual Risks vs Secondary Risks – We have to face risks in our daily lives. In some cases, we try to avoid them. However, risks are inevitable situations that may affect our plans. The same goes for organizations and projects. … Read more
What is Master Schedule vs Milestone Schedule? Project teams create work schedules in order to understand what work will be completed in which period. For that purpose, they create various types of schedules. Project schedule, baseline schedule, integrated master schedule, … Read more
Project Schedule vs Project Plan – If you are new to project management concepts, you may not know the differences between project schedule and project plan because these terms are sometimes used interchangeably. In our training programs, we saw that … Read more
Cost Variance (CV) in Earned Value Management Performance measurement is an important task in project management. In order to manage and complete a project from initiation to close up successfully, project managers employ some tools and techniques for performance measurement. … Read more
Work Performance Data, Information and Reports in Project Management Monitoring and controlling the status of the project is essential for the success of any organization. Typically, Work Performance Reports provide a general view that helps to understand if a project … Read more
Project management is a technique, which a manager uses in order to complete a project on time. Now let us define a ‘project’. A project is a short-term or long-term task that is given to a team. The project has … Read more
In the ever-evolving landscape of business, startups face a unique set of challenges and risks. Balancing innovation with sustainability requires not just creativity and passion but also a strategic approach to risk management. This article aims to guide startups through … Read more
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