The first step in a good risk management plan is the identification of risks. The other phases of project risk management are built on this foundation. It involves developing a list of the potential risks to a project. This list is called a Risk Register. A good risk register might have the following six columns:... [Read More]| ProjectEngineer
The project sponsor is an integral part of the project management organizational chart. In fact, every project has a sponsor in one form or another. It is a central cog in the wheel in the existence of a project. The project sponsor is NOT a personal financial contributor to the project. Think of it this... [Read More]| ProjectEngineer
To external parties, a project is defined by its deliverables. They are not just some relatively important part of the project, they are the project. They are also the measuring stick by which the success of the project, and by extension the competence of the project manager, are measured. For a word so important to... [Read More]| ProjectEngineer
A project manager's roadmap and guiding document is called a project management plan. It puts all the pieces of project management together into one coherent place. Rather than holding all the pieces of the project in your head (like alot of project managers I know) it's incredibly helpful to organize them on paper and to... [Read More]| ProjectEngineer
Although it isn't in the dictionary, the project management industry uses the term deliverables almost daily. I must say, I am tired of MS Word underlining it as a spelling mistake. Deliverables are the products, services, and results that a project produces. Thus, they are the cornerstone to project success. Every project has to produce something.... [Read More]| ProjectEngineer
The project plan is like the flight plan filed by a pilot prior to embarking on a journey. It communicates how the project will attempt to reach its destination. The project plan is the strategy that will be used to produce the project's products, services, or results. It is written in sufficient detail to communicate... [Read More]| ProjectEngineer
Carpenters have hammers, plumbers have wrenches, and programmers have computers. But does a project manager have any tools which help them perform their work better, quicker, or cheaper? Absolutely! In fact, if you don't use these tools you will be at a serious disadvantage to other project managers. And if you do, your career will... [Read More]| ProjectEngineer
In a proper project risk analysis, once the risks to the project have been identified (step 1), their probability and impact given a value and an overall priority (step 2), risk responses are drawn up (step 3). For each response plan, trigger conditions should be identified. These are the conditions that warrant the implementation of... [Read More]| ProjectEngineer
The Project Management Institute's (PMI) definition of a project is considered by many to be the official definition: A temporary endeavor undertaken to create a unique product, service, or result. Two words within that definition are the key to understanding what a project is and isn't: Temporary: A project has a distinct beginning and end. The muddier... [Read More]| ProjectEngineer
The way project managers define success is not always the same as the way the project sponsor does. In fact, it is a surprisingly common scenario that project managers think the project is going great because the variables they are concerned with are on track while being oblivious to an unhappy project sponsor that is... [Read More]| ProjectEngineer
When a ship is out on the open sea, the driver, called a Helmsman, is responsible for turning the wheel which in turn moves a rudder back and forth to change directions. When the wind or sea conditions are rough, experienced helmsman use their keen sense of how the ship will react to keep it... [Read More]| ProjectEngineer
In project management, a Work Breakdown Structure (WBS) is a planning tool whereby the project scope is divided into logical sub-components. It is a graphical representation of the project scope and forms the basis for further planning, such as the cost and schedule. It is not a scheduling or costing tool. A good WBS should be created... [Read More]| ProjectEngineer
Risk analysis is an often omitted area of project management, probably because you can't see its results in a direct way. On top of that, small projects just don't seem like they have the time and budget to justify the time spent. But I would argue that analyzing risk is one of the easiest ways... [Read More]| ProjectEngineer