Risk Management Terms & Risk Management Process
Risk Management Terms & Risk Management Process
Risks are the unforeseen events that may have positive or negative effects on a project's goals. These events may originate from various types of resources...
Work Breakdown Structure in Project Management
Work Breakdown Structure
The concept Work Breakdown Structure is widely used by professionals to represent the project's scope and deliverables in a hierarchical way. Creating a Work Breakdown Structure is one of the...
Lean Project Management and Lean Methodology
What is Lean Project Management ?
Lean project management covers a wide spectrum of concepts such as lean manufacturing, lean thinking, lean construction. Basically lean project management or lean production focuses on eliminating waste...
Enterprise Project Management (EPM)
Enterprise Project Management
It is not possible to reach the anticipated results with traditional project management solutions all the time. In today's world traditional project management practices are not applicable to big...
Production Planning and Control System (PPC)
Production Planning and Control System (PPC)
Planning takes a great place in successful peoples lives. Most of the people prepare for the future that they expect and when it comes they see that things aren’t...
Request For Information (RFI) Process in Construction
Request For Information (RFI) Process in Construction
A request for information (RFI) is a formal process used to get information from vendors or suppliers to make a shortlist of potential suppliers. Basically,...
Project Cost Management Essentials
Project Cost Management Essentials
What is project cost management, why is it important for your projects success and how to create a project budget ? This article answers all these questions.As an...
Project Management Processes and Knowledge Areas
Project Management Processes & Project Management Knowledge Areas
PMP aspirants usually ask these common questions while preparing for the PMP Certification Exam: What are the project management processes ? What are the project...
The Importance of a Baseline Budget
Time and cost management are two essential processes of all projects. Baseline schedule and budget are main project management documents that should be created at early stages and kept updated at...
Kanban Methodology for Project Management
Kanban methodology which was introduced by an industrial engineer Taiichi Ohno in the late 1940s. At the beginning, the purpose of this methodology was to increase the productivity of Toyota Production...