You are here: Home Blogs Displaying items by tag: opportunity
Project Management Blog
Tuesday, 28 August 2007 08:31

Get It Right or Forget It

Have you ever had a perfectionist on your team? They can be the perfect team member or a perfect pain. Here are some tips on how you can have a more perfect partnership.
Published in Blogs
Tuesday, 21 August 2007 15:49

Point 13 - Deming in Project Management

Training Not Related to Job/Task

In order for continuous improvement to become organizational culture, it must also become a personal goal for every employee. Self-improvement should not be limited to immediate application, that would be an example of short-term thinking. Employees are the most important assets of an organization, and therefore require effort to retain and enhance them.

Published in Blogs
Monday, 19 March 2007 16:50

Beyond the Golden Rule

Sally was planning a big surprise party for Jim. Next week marked his tenth anniversary as a senior developer at Acme Software Company. Sally saw this as the perfect opportunity to recognize Jim. Jim was never in the spotlight and yet he was consistently a strong project team member. Sally was one year away from her fifth anniversary as a project manager with the company and she could not wait for her celebration!

 

Published in Blogs
Saturday, 27 January 2007 17:32

Risk Response Planning

Risk Response Planning is the process of developing options, and determining actions to enhance opportunities and reduce threats to the project’s objectives. It follows the Qualitative Risk Analysis and Quantitative Risk Analysis processes. It includes the identification and assignment of one or more persons (the “risk response owner”) to take responsibility for each agreed-to and funded risk response. Risk Response Planning addresses the risks by their priority, inserting resources and activities into the budget, schedule, and project management plan, as needed. 
Published in Blogs
Thursday, 25 January 2007 21:40

Motivational Theories

Five theories are of particular importance: Maslow’s hierarchy of needs, McGregor’s theory X and theory Y, Ouchi’s Theory Z, Herzberg’s theory of motivation, and the expectancy theory.

Maslow’s Hierarchy of Needs - According to Maslow, people work to take care of a hierarchy of needs. The pinnacle of their needs is self-actualization. People want to contribute, prove their work, and use their skills and ability. Five layers of needs, from the bottom-up, are:

Published in Blogs
Thursday, 25 January 2007 14:56

Defining "Project"

Several definitions exist for “project.” According to the PMBOK®Guide, it is: “A project is a temporary endeavor undertaken to create a unique product, service, or result.” Whichever specific definition you choose, nearly every project you manage will have many of the same characteristics. Let’s examine some of the most important ones.

At the most basic level, a project is actually the response to a need, the solution to a problem. Further, it’s a solution that promises a benefit—typically a financial benefit. The fundamental purpose for most projects is to either make money or save money. That’s why projects should be financially justifiable.

By definition, a project is temporary in nature; that means that it has a specific start and finish. A project consists of a well-defined collection of small jobs (tasks) and ordinarily culminates in the creation of an end product or products (deliverables). There will be a preferred sequence of execution for the project’s tasks (the schedule). A project is a unique, one-time undertaking; it will never again be done exactly the same way, by the same people, and within the same environment.

This is a noteworthy point, as it suggests that you will rarely have the benefit of a wealth of historical information when you start your project. You’ll have to launch your project with limited information or, worse yet, misinformation. There will always be some uncertainty associated with your project. This uncertainty represents risk—an ever-present threat to your ability to make definitive plans and predict outcomes with high levels of confidence. All of your projects consume resources—resources in the form of time, money, materials, and labor. One of your primary missions is to serve as the overall steward of these resources—to apply them as sparingly and as effectively as possible. So, there’s a general definition or explanation. Here are some examples of projects: introducing a new product to the marketplace, building and installing a piece of equipment, and running a political campaign. In contrast, the following activities are not projects: operating a manufacturing facility, supervising a work group, and running a retail business. These activities are ongoing.

There are three main characteristics of a project


   1. Temporary Endeavor
      A. Opportunity or Market Window
      B. Project team seldom outlives project
   2. Unique Product, Result or Service
       A. Project Product, Service or result is not temporary
       B. Uniqueness is an important characteristic
   3. Progressive Elaboration
       A. Works in steps or increments
       B. Coordinated with proper scope and definition


 

Published in Blogs
Page 1 of 2

News and Promotions

Keep up to date with the latest happenings by signing up for our newsletter. Subscribe below.

Twitter Update

Who's Online

We have 320 guests and no members online

Got something to say?