Matrix Organizational Structure in Project Management

Advantages Disadvantages Matrix Organizational Structure

In order to conduct organizational activities and manage projects in an orderly manner, organizations are established in various structures. Likewise organizations, projects involve many tasks from human resources management to budgeting and scheduling activities. Therefore a weak or rigid organizational … Read more

Estimate at Completion (EAC) Examples

There are many forecasting tools and metrics used to calculate the future performance of a project. Schedule Variance, Cost Variance, Budget at Completion and Earned value are some of them. Likewise, other forecasting tools, Estimate at Completion (EAC) helps to … Read more

Project Selection Methods for Decision Making

Qualitative Quantitative Project Selection Methods & non financial criteria for project selection

The success of organizations is dependent on the profitability of projects that they select. Once an opportunity has appeared for a project, there are several reasons that need to be analyzed before an organization decides to take it up. Project … Read more

Expected Monetary Value (EMV) Calculation

Expected Monetary Value Calculation & Expected Monetary Value Examples Analysis and Calculation

The Expected monetary value analysis (EMV) is an important concept in project risk management which is used for all types of projects to make a quantitative risk analysis. As a risk management tool, Expected monetary value (EMV) helps to quantify … Read more

Conflict Management Techniques in Project Management: Five Strategies

Conflict Management Techniques in the workplace Conflict Resolution Techniques

Four weeks before practical completion on a hospital refurbishment — somewhere around £28m contract value — the structural and M+E lead engineers were called into a joint session to address a coordination failure that had been building for months. Both … Read more

Risk Management Process in Project Management: The Five Processes

Risk Management Terms Risk Management Process

The best risk register I ever worked with was on a water network programme in West Yorkshire — around £60m, pipeline replacement across three district zones, 14-month delivery window. The risk owner column had names. The response column had specific … Read more

Types of Organizational Structures in Project Management

Types of Organizational Structures What are the 4 Types of Organizational Structures ?

I spent eight months as a project coordinator on a programme that had genuine executive support, a realistic budget, and a project manager who knew what he was doing. It still ran 14 weeks late. The reason wasn’t technical complexity … Read more

Lead vs Lag in Project Management: Definitions&Examples

Lead vs Lag (Lead Time Lag Time) in Scheduling

I’ve reviewed programme schedules where a planner had entered positive lag when they intended lead — the dependency type was right, the value was wrong, and the project completion date was sitting 12 days further out than the plan required. … Read more