Did you know that over 85% of projects clock in under $100,000, often wrapping up in just a few weeks to a month? These small-scale endeavors, though modest in size, form the backbone of countless industries—yet their brevity and unique dynamics demand a tailored approach to project management. Standard methodologies, like those you’d stumble across... [Read More]| ProjectEngineer
Project scope issues are the number one reason for unhappy clients and customers. Human nature is such that unauthorized tasks will always want to slip into a project unannounced, thus project scope management is just as important as the more visible aspects of project management like scheduling and budgeting. For that reason, effective project scope... [Read More]| ProjectEngineer
There is no universal definition of project success. Since the very definition of a project is temporary (Project Management Body of Knowledge, 6th Edition), virtually all projects must meet a deadline and budget. But some projects must satisfy certain stakeholders. Others must meet regulatory criteria. Still others must achieve a certain return on investment. For these reasons,... [Read More]| ProjectEngineer
Once the tasks within the project have been defined, the resources required by each task must be determined. To do this, we consult the PMBOK's Estimate Activity Resources process. PMBOK, 5th Edition, Section 6.4, "Estimate Activity Resources" Estimate Activity Resources is the process of estimating the type and quantities of material, human resources, equipment, or... [Read More]| ProjectEngineer
Three point estimating is a technique which utilizes an optimistic and pessimistic estimate to determine the ideal estimate value for a project task. It is a shoe-in for PMP exam questions, which is not likely to change anytime soon. It allows known risks to be quantified and built in to the project budget. Formula There... [Read More]| ProjectEngineer