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Found 1748 Articles for Growth & Empowerment
![Anurag Gummadi](https://www.tutorialspoint.com/assets/profiles/545377/profile/60_659838-1667215005.jpeg)
284 Views
Earned Value Analysis is a way of quantifying project performance against the plan. It's a way to measure deviations from the baseline costs and schedule. Results from an Earned Value analysis indicate whether the project is on track. What Do You Understand by Earned Value Analysis? Earned Value Analysis (EVA) is a method of measuring the amount of work done on a project. It allows you to measure progress and forecast the project’s total cost and completion date based on trend analysis or application of the project’s “burn rate.” Earned value is defined as the “budgeted cost of work performed” ... Read More
![Anurag Gummadi](https://www.tutorialspoint.com/assets/profiles/545377/profile/60_659838-1667215005.jpeg)
419 Views
Let's look at how risk management actually works along with understanding properly what it is. We'll also explore how to identify, assess and respond to project risks. What is Risk Management? The Risk Management Process is a process for understanding what risks and opportunities your project or organization faces and how best to address them. Steps to Minimize Risk Identifying risk Assessing risks Treating risks Monitoring and reporting risks Identifying Risks Ensuring that a project’s objectives are met is the ultimate goal. To do this, it is important to identify all of the events that can affect ... Read More
![Anurag Gummadi](https://www.tutorialspoint.com/assets/profiles/545377/profile/60_659838-1667215005.jpeg)
234 Views
The WBS is the most basic subdivision of a project. It focuses on dividing large projects into smaller and simpler chunks of work and provides information about it. A good WBS will help you manage scope, schedule, and budget. You need to give it the importance it deserves to make sure you get all the crucial aspects of Project Scope Management. Your project charter should include a list of activities that need to be completed. This is usually called a work breakdown structure, which is made of smaller lists you can complete individually. This article will look at the advantages ... Read More
![Anurag Gummadi](https://www.tutorialspoint.com/assets/profiles/545377/profile/60_659838-1667215005.jpeg)
4K+ Views
Project management is a structural way of scheduling, executing, and controlling the various phases of a project with the end goal being to complete the project on time. Two project management techniques that every manager should know about are PERT and CPM. These techniques help provide an overview of the project's progress and all the tasks involved in completing it. What do you understand by PERT? PERT is a technique used to plan and track projects, manage risks, and allocate resources. PERT helps identify the minimum time needed to complete a project, as well as manage any potential delays that ... Read More
![Radhika Dadhich](https://www.tutorialspoint.com/assets/profiles/549774/profile/60_2783649-1667886942.jpg)
149 Views
Managing a project is never easy. With multiple departments working together, different deliverables, and multiple moving parts, it’s often pretty challenging to finish your project successfully. That’s why businesses (no matter how small or large) hire a project manager to ensure smooth and flawless project execution. When starting a project, an initial meeting where you get a rough estimate of the budget and set a timeline won’t do. One of the essential parts of project completion is project design. In this post, we will walk you through everything you should know about project design, its uses, and how to create ... Read More
![Radhika Dadhich](https://www.tutorialspoint.com/assets/profiles/549774/profile/60_2783649-1667886942.jpg)
151 Views
A project manager plays an important role in managing human resources and handling all aspects of a project efficiently. They are mainly associated with the construction and engineering industry, but with the increasing popularity of effective project management, the demand for a manager has been growing exponentially across various industries. A project manager is known for their ability to complete and deliver all types and complexities of projects in a timely manner. They provide leadership and direction to their teams, helping them navigate the tricky parts of projects efficiently. For the past three decades, the PMP exam has been considered ... Read More
![Radhika Dadhich](https://www.tutorialspoint.com/assets/profiles/549774/profile/60_2783649-1667886942.jpg)
153 Views
Managing a team can be challenging. A manager has to manage all aspects of a project, including the resources, suppliers, billing, timeline, and, most importantly, human resources. A manager has to oversee each member to ensure everyone is working efficiently. Fortunately, there are certain techniques that can simplify team management. Before we discuss those, let’s take a look at the meaning of team management, why it’s important, and where it is needed. What is Team Management? Team management is the process of coordinating different resources and departments involved in the project to ensure seamless completion of the project. It’s all ... Read More
![Radhika Dadhich](https://www.tutorialspoint.com/assets/profiles/549774/profile/60_2783649-1667886942.jpg)
244 Views
Following a robust and well−planned risk management strategy has become more important now than ever. Especially after the COVID pandemic, organizations have been focusing on risk management for all projects. Whether they are developing a simple mobile app or are planning a business expansion in the international market, risk management is essential. The project planning is incomplete without identifying the potential risks that might arise from deploying new strategies. How quickly and effectively you plan risk management will determine how well you can cope with the unforeseen and how your business performs in tough times. Risk management can involve strategies ... Read More
![Radhika Dadhich](https://www.tutorialspoint.com/assets/profiles/549774/profile/60_2783649-1667886942.jpg)
262 Views
A PMP certification is like a VIP pass for an aspiring project manager. If you want a career in project management, achieving this certificate is the first step to attracting an employer’s attention. This credential can definitely secure you a job in your desired industry that pays a competitive salary and other job perks. Unfortunately, the PMP certification doesn’t last forever. After 3 years, the certificate expires with all the amazing benefits that it brought with it. During this three−year cycle, the holder of PMP certification must finish the 60 Professional Development Units that will renew the certification. Note that ... Read More
![Radhika Dadhich](https://www.tutorialspoint.com/assets/profiles/549774/profile/60_2783649-1667886942.jpg)
131 Views
The COVID pandemic has bought a significant change in the way we operate, live, and socialize. There’s no industry that this global pandemic has left unaffected. Millions of people lost their jobs worldwide, while others had to shut down their businesses. A common change that nearly every organization experienced during and after the pandemic is a transition to remote work. Hybrid and remote work settings have increased employee productivity and helped people cut down rental costs and other office expenses. Read on to learn more about how the pandemic changed the project management landscape. What does Project Management Look Like ... Read More