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5 Benefits of Formal Project Requirements

5 Benefits of Formal Project Requirements

You've probably heard of projects in your business, or elsewhere, being managed with very little in the way of formal requirements. In my experience, the risk of not having formal project requirements is that you don't know what your stakeholders are expecting. You've been asked to ...

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5 Basic Roles in Project Management

5 Basic Roles in Project Management

The 5 basic roles in project management are: Project manager, Project team member, Project Sponsor, End User - Customer and Resource Manager. In this article we will learn more what their job responsibilities are and how it effects the ongoing project.

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4 Principles of Project Management Guide

4 Principles of Project Management Guide

This article outlines the four project management principles to guide you on your project management endeavors. It is not all encompassing, by any stretch of the imagination. And I would gladly welcome your feedback and input through comments on this article. Let's dive into these principles of project management I have selected for you.

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When is a Project 100% Complete?

When is a Project 100% Complete?

There's still a lot of debate among Project Management practitioners about how to calculate the % completion of a project. The most common formula is: (Actual Work) / (Work) x 100 = % Work Completed (where Work is calculated as Actual Work + Remaining Work) Where other inputs are used, such as Hours Billed, some use the formula: (Actual Hours Billed) / (Total Estimated Hours) x 100 = % Work...

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Project Go/No-Go Decisions: Everything you need to know

Project Go/No-Go Decisions: Everything you need to know

This article covers all you need to know about Go/No-Go Project Decisions: the justification and feasibility, using financial criteria for project selection, performing financial analysis and using non-financial criteria for project selection. 

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Defining Stakeholders

Defining Stakeholders

The term ‘Stakeholder’ is an extremely common term in project management. But what exactly are the characteristics of stakeholders and stakeholder groups?

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Earned Value Reporting

Earned Value Reporting

Some organizations place significant importance on Earned Value Reporting as part of their project management practice while others do not. This article covers the importance of reporting through figures and examples. 

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