Category «Project Management»

This category is designed especially for project management students. Here you will find all the basic to advanced theoretical concepts along with relevant examples regarding project management studies.

Khadi sales data analysis | Assignment Project Risk Management

Khadi sales data analysis | Assignment Project Risk Management

Scenario: Khaadi-Kapra manufactures garments that are sold through large retail outlets across the world. Khaadi-Kapra is concerned with how variable the sales are at different stores. They requested and received for sales data of the past 30 weeks on their men’s product line, from five of their retail stores. Question: What can we say about …

Developing Statement of Work – Home-Theatre SOW Example

Developing Statement of Work - Home-Theatre SOW Example

Prepare a Statement of Work for the procurement of given project? 1. Introduction: Video Conferencing System and Home Theater Installation in the newly built auditorium at BUIC. 2. Purpose: Installing AV and HT systems and developing interiors are intended to provide state-of-the-art facilities to Bahria University members for both interuniversity communication at the global level …

What Makes Google Search Ads So Effective?

FB vs Google search ads

You can take your brand to the customer interest and desire stages in the buying process through Google Search Ads. Google Search Ads are explained in a lot of material online. Despite that, marketers were unable to find much information about why Google Search Ads are effective. As a result, this post was written. Imagine yourself …

7 Best Customer Profiling Tips to Boost Sales

7 Best Customer Profiling Tips to Boost Sales

Getting better leads and selling more is easier when you find the right fit for your brand. Why? A higher number of loyal brand advocates, faster sales cycles, and higher customer retention rates are all benefits of the right leads. To be successful, you need to identify and market to your ideal customers instead of …

Why projects fail to meet deadlines? 3 Reasons

Why projects fail to meet deadlines? 3 Reasons

Despite solid planning, experienced teams, and reasonable goals, many projects or products still fail to meet their launch dates. Product development and delivery teams face time risk more frequently than they would like, but there are steps they can take to effectively mitigate it. 3 Major project/product failure reasons 1.     Scope Creep A common occurrence …

Project Governance Research Paper (Detailed Critical Analysis)

Project governance

In recent years, research on project governance has increased, yet its focus on structural factors and business perspectives may hinder one’s ability to understand what governance means for contexts and practices. Specifically, researchers have adopted a multidisciplinary approach to systematic review to learn about the main topics, theories, and methodologies associated with project governance research. …

Project charter with detailed scenario example

Project charter with detailed scenario example

Project Title Start Date Project Manager Functional Manager Organization type H-A-R-N-S (A Shopping Assistant App) 07/07/2022 MAK RAM Hybrid Organizational Structure Project Description   H-A-R-N-S is an independent project. It focuses on creation and launch of a ‘Shopping Assistant App’ developed by the MS Project Management students of Bahria University Islamabad with the assistance of …

3 Stages of Project Success Criteria Implementation

3 Stages of Project Success Criteria Implementation

3 Stages of Project Success Criteria Implementation 3 Stages of Project Success Criteria Success of a Project is measurable at three Stages: Stage 1 (Output): Successful completion of Project in terms of Sextuple Constraints (Scope, Time, Cost, Quality, Resources, and Risk) Stage 2 (Outcome): Successful Project Outcomes using product the project has produced, like Stakeholder …

Define Flow Chart, Control Chart, Run Chart, Pareto Diagram, & Histogram

Define Flow Chart, Control Chart, Run Chart, Pareto Diagram, & Histogram

Project Flow Chart Flow Charts represent relationships among the Activities and Tasks that make up a project process.  Uses: Determine COQ Study the Steps of a Process leading to a Quality defect Make Changes to the Process with a Quality defect Consider flow diagram for a simple project of painting a house Define Flow Chart, …

Managing Project Resources vs Project Procurements

Managing Project Resources vs Project Procurements

Managing and Controlling Project Resources As the Project progresses, the Project Manager must acquire all the resources (human, machine and material), train and manage human resources, and control all the resources.  Specifically, Internal Resources are acquired from Functional or Resource managers, depending on the Org. External resources are acquired through the Procurement processes Acquired Resources …

Tools for Controlling Project Quality and Project Risks

Tools for Controlling Project Quality and Project Risks

Tools & Techniques for controlling Quality All the Tools & Techniques are used for implementing Quality, specifically Fishbone, Pareto, Run & Control Charts, Check & Tally Sheets, etc.  In addition: 1. Root Cause Analysis (RCA) It is used to identify the causes of Quality problems, including defects, to determine how they can be remedied.  The …

Project Schedule vs Project Cost Monitoring

Project Schedule vs Project Cost Monitoring

Monitoring Project Schedule As the Project progress, activities are started and completed as per the Schedule Baseline.  Any delays may have Cost implications or incur Penalties (Liquidated Damages) in accordance with the Contract.  Specifically: EVA KPIs indicate the Status of Project Schedule-wise. Relevant KPIs are SV tu, SPI tu, SV mu & SPI mu, SV% …

What is Project Execution, Monitoring, Evaluation & Control?

What is Project Execution, Monitoring, Evaluation & Control?

Project Execution The Planned Project Activities are executed to complete the Project Deliverables and the Project Objectives. Project Monitoring Tracking the Project to see where it is.  Key Performance Indicators (KPI) help monitor the Project Monitoring a Project with EVA KPIs Project Evaluation Reviewing the Project to see where it ought to be and what, …

Identify Project Quality Objectives, Standards, Roles & Responsibilities

Identify Project Quality Objectives, Standards, Roles & Responsibilities

Project Quality Objectives Quality Objectives are the goals set for the Project Deliverables (products, services, and results) or its Processes.  Some of the common types of quality objectives on a construction project could be: Overall Ensure grade-1 construction and furnishing standards Defects A goal for conformance to specifications such as 0.1% of items failing quality …

Project Quality Management Basic Concepts

Project Quality Management Basic Concepts

Project Quality Management Basic Concepts Quality Management System (QMS) The system of creating and following organizational Policies and Procedures and tailoring them to ensure the Project also meets the needs of the Customer Quality Assurance (QA) Part of the QMS that aims to provide confidence that Quality requirements are being fulfilled and is targeted at …

What are Project Meetings, Meeting types & Rules – Communication 7Cs

What are Project Meetings, Meeting types & Rules - Communication 7Cs

What are project meetings? Project meetings are face-to-face or virtual meetings held to make decisions, respond to Stakeholder Requests, discuss Project matters of mutual interest with suppliers, vendors, and other project stakeholders.  Project Meeting types Following meetings are held on a project: Procurement Meetings Like Pre-Bid Conference, Bid Opening, Contract Negotiations, Contract Review Meetings, Procurement …

16 Project Communication types with Examples

16 Project Communication types with Examples

Define project communication Project Communication is exchange of project information.  Purpose of project communication is to meet the communication needs of stakeholders; A project manager spends about 90% of his time communicating.  Project communication may be: 1. Internal Communication Communication with stakeholders within the project and within the organization 2. External Communication  Communication with external …

5 Step Approach to Risk Management – Detailed Discussion

5 Step Approach to Risk Management - Detailed Discussion

Risk Management Steps Risk Identification -Planning Risk Analysis –Planning Planning Risk Response –Planning Implementing Risk Response –Executing Monitoring Risks –Mostly Executing 5 Step Approach to Risk Management – Detailed Discussion Step 1: Risk Identification Risk Identification involves identifying: Individual project risks Sources of overall project risk Risk identification can be done by a large number …

20 Major Concepts of Project Risk Management with Examples

20 Major Concepts of Project Risk Management with Examples

20 Major Concepts of Project Risk Management with Examples Risk Management It is the process of Identifying Risks, evaluating them, Planning & Implementing Responses to Risks, and Monitoring all these processes Project Risk An uncertain incident that may occur or has already occurred during any stage of project work is known as a risk.  Also …

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