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Project Risk Management Plan : A Short Guide People face risks in their everyday life. In a similar manner, project teams, companies, organizations, and even projects face risks in their life cycle. Based on the risk type and circumstances, they practice methods to overcome the risks. Project risk management is a significant process that aims … Read more
Kaizen Methodology for Process Improvement Productivity is very important in today’s competitive business environment. Organizations seek ways of improving their processes, reducing costs and increasing their benefits. Kaizen is a management system that aims continuous improvement within all processes of an organization. It has similarities with other methodologies such as 5s and the lean methodology.It … Read more
Mastering Root Cause Analysis: Unveiling the Power of the Fishbone Diagram Fishbone diagram , also known as cause and effect diagram or Ishikawa diagram is a quality management tool that is commonly used to identify the root cause of a problem. Basically, it analyzes various possible causes of a problem with the help of brainstorming … Read more
A Comprehensive Guide to Project Procurement Management Strategies Project procurement management is the process of purchasing or acquire the products, services, or results needed to complete the project on time and on budget. It has four steps which are planning, conducting, controlling and closing. Each step has inputs and outputs. This article discusses the importance … Read more
What is the Critical Path Method (CPM) in Project Management? The critical path method (CPM) is a fundamental concept in project planning and management. It is a useful technique used for scheduling project activities like PERT method. The critical path of a schedule demonstrates the activities that can not be delayed. Because any delay in … Read more
Schedule Compression Techniques – Fast Tracking vs Crashing Fast Tracking and Crashing are schedule compression techniques which are applied during develop schedule process to shorten an already developed schedule. The purpose of using schedule compression techniques is to try to compress the schedule (shorten the project duration) without changing the original project scope . If … Read more
Precedence Diagramming Method Example Precedence Diagramming Method (PDM) is a visual representation technique which is used to prepare the project network diagram and determine the critical path. Unlike the arrow diagramming method , activities are presented as boxes in PDM. One of the main advantages of the Precedence Diagramming Method (PDM) is that it demonstrates … Read more
Close Procurement vs Close Project Close Procurement vs Close Project – Procurement is the operation of planning, tendering, purchasing goods, materials and/or services from an outer source. Project procurement management is the act of acquiring resources, goods, materials, and services required to complete the project on time and budget. Basically, project procurement management involves plan, conduct, control, … Read more
A Practical Explanation of Arrow Diagramming Method with an Example Arrow diagramming method (ADM) is a network diagramming technique in which activities are represented by arrows.[1] ADM is also known as the Activity-On-Arrow (AOA) method. It has been used a long time to determine the critical path and identify resource problems and feasible solutions when … Read more
What is a Projectized Organizational Structure? Organizations are formed in different structures such as projectized organizational structure, matrix organizational structure, functional organizational structure , composite organization, etc. In our previous articles, we have discussed different types of organizations. Unlike other types of organizations, in Projectized Organizational Structure , all the company is organized by projects … Read more
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