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Project Management

Project management is a discipline of certain activities to manage a temporary endeavour (project) to achieve specific goals.

Project management is a discipline of certain activities to manage a temporary endeavour (project) to achieve specific goals.

These certain activities are initiating, planning, executing, controlling and meet the deliverables.

Project management is the application of knowledge, skills, tools, and techniques to project activities to meet the project requirements. A project is temporary in a specified timeframe, and therefore defined scope and resources.

The primary challenge is to meet all of the project goals within the given constraints. This information is usually described in a project plan. This project plan contains a scope, a time line, quality and budget. The challenge for the project team members and project leader is to optimize the allocation of necessary inputs and integrate them to meet pre-defined objectives.

Project-based work has many advantages for an organization such as deploying specialized staff and temporary hiring of personnel. Both the functional and operational management of employees are experienced as disadvantageous as is the continuous adaptation to the environment.

What are the most known and used project management tools and methods? What are their success stories and practical tips when you apply these? These posts are all about great tools and methods that can help you to achieve your goal or understand certain aspects that come with project management.

Milestone Trend Analysis (MTA)

April 15th, 2021

This article provides a practical explanation of the Milestone Trend Analysis (MTA). After reading, you will understand the basics of this powerful project management tool. What is the Milestone Trend Analysis (MTA)? The Milestone Trend Analysis (MTA) is…

Responsibility Assignment Matrix (RAM)

October 29th, 2020

This article explains Responsibility Assignment Matrix in a practical way. After reading you will understand the basics of this powerful project management tool. This article also contains a downloadable and editable Responsibility Assignment Matrix template and an in-depth explanation video.…

Business Case

October 15th, 2020

This article explains the concept of the Business Case in a practical way. After reading you will understand the basics of this powerful project management and investment tool. This article also contains a downloadable and editable Business Case template. What…

Gantt Chart

September 19th, 2020

This article explains the Gantt Chart in a practical way. After reading you will understand the basics of this powerful project management tool. This article also contains a downloadable and editable gantt chart excel template. What is a Gantt…

Project Execution Plan (PEP)

September 14th, 2020

This article explains the Project Execution Plan (PEP) in a practical way. After reading you will understand the basic concepts of this project management method companies use in the persue of their goals, and the executing and monitoring of…

Product Breakdown Structure (PBS)

August 17th, 2020

This article explains the Product Breakdown Structure (PBS) in a practical way. After reading this article, you’ll understand the basics of this powerful project management tool. What is Product Breakdown Structure (PBS)? The Product Breakdown Structure (PBS) is the hierarchical…

Prince2

August 13th, 2020

This article explains Prince2 in a practical way. After reading you will understand the basics of this powerful project management methodology. What is Prince2? A PROJECT IN Controlled Environments (PRINCE) is a project management method. It is related to…

RACI Matrix

June 14th, 2020

This article explains the RACI Matrix in a practical way. After reading you will understand the basics of this powerful stakeholder management tool. This article also contains a downloadable and editable RACI Matrix template. What is the RACI Matrix? The…

Earned Value Management (EVM)

May 24th, 2020

This article provides a practical explanation of Earned Value Management (EVM). After reading, you will understand the basics of this powerful project management tool. What is Earned Value Management (EVM)? Earned Value Management (EVM) is a project management…
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