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Articles by Radhika Dadhich
Page 13 of 14
Strategies and Tactics of Risk Management
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 MoreProject Management Work after the COVID-19
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 MoreManaging the Stakeholders
Project failure is mostly linked to the no attention to detail or straying from the stakeholder’s instructions. You need to collaborate with your stakeholders and keep in touch with them throughout the project lifecycle to ensure the successful completion of the project. Managing your stakeholder is all about maintaining good relationships with each team member involved in the project. Communicating your ideas, the current progress of the project, your budget, timeline, and other factors with your stakeholders is key to completing a project efficiently. In this post, we will walk you through effective stakeholder management strategies and why it’s needed. ...
Read MoreManaging the Opportunity Costs - PMP Certification
A career in project management is pretty rewarding. You can get a job in just about any industry and a really good paycheck. To be a project manager, you must pass a few exams and achieve certifications to prove your skills in this field. PMP, or Project Management Professional, is one such certification that helps you learn the ins and outs of project management, what it’s about, and how to advance a career in this industry. One of the many topics covered in the exam is opportunity cost. Let’s see what opportunity cost is and how it’s related to PMP ...
Read MoreHow to Make Project Team Members Perform Well?
Project teams have become the most crucial element of any project. It involves a group of people coming together to understand the requirements of stakeholders and find an effective solution that helps achieve operational efficiency and ensure the fastest delivery of the project. A project team consists of people who are dedicated to helping their managers achieve organizational goals. Each member puts in their effort and skills in order to make their project successful. In this post, we are going to walk you through the details of project teams, what tasks they perform, and what you can do to make ...
Read MoreDesign Thinking for Effective Project Management
Someone who has managed projects knows what it takes to achieve the final objectives, keep everything on track, and manage deadlines. That’s where a project manager steps in. They are responsible for all aspects of project management while handling time and budget constraints. An experienced project manager knows how to plan and execute deliveries to accomplish the project as desired and meet the stakeholders’ goals. They deploy several components to make the management part easier. One of these tools is design thinking. With the help of design thinking, it gets easier for project managers to lead their teams in the ...
Read MoreProject Integration Management and Its Process Groups
How well the project is executed depends on its various elements, including teams working on it, stakeholders, resources required, and so on. A project can’t be completed successfully unless all these elements work together to produce the best results. It’s about making tough decisions when the project is not on track. For instance, if there has been a delay in completing certain tasks, you may have to decide between spending more on human resources to finish the project by the deadline and delaying it. Evaluating the situation and making the right decision are the most important elements of proper ...
Read MoreConstruction Project Management
A construction project can be extremely overwhelming, especially a large project that may take several months to complete. Whether you are building an apartment or a theater, a construction project requires effective management and a dedicated team of employees who can accurately execute the supervisor’s instructions. Like any other project, construction management comes with a range of phases. For example, designing, planning, and scheduling are a few stages of construction. Keep reading to learn about the different construction management stages and what the job entails. What is Construction Project Management? As the name suggests, construction project management is a series ...
Read MorePost-mortem of a Project Failure
Sometimes, we implement the best project management strategies to accomplish a project but end up failing. When a project is finished as planned, without exceeding the budget or crossing the deadline, the credit goes to the entire team that worked on it. But, when it fails, the blame is on the project manager. But what exactly causes project failure? Well, there are many reasons. It can be poor quality work, lack of resources, or lack of communication at different stages of project management. So, what exactly should you do when a project doesn’t meet the quality standards or takes ...
Read MoreImportant Rules of Project Management
Project management is more like a straightforward approach. After a project is assigned, we list the requirements, set a deadline, and start working on it. Nobody plans the project, especially smaller tasks that can be finished within a week or a month. That’s how our ancestors accomplished projects and got good results. That’s not how it works in reality, though. It’s important that you follow a standard or a proven procedure for completing projects — whether they are small or complex. What are Project Management Rules? Project management consists of several steps, and each must be completed before moving on ...
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