Project risk management is a critical aspect of project management that involves identifying, assessing, and prioritizing potential risks to project objectives and developing strategies to mitigate or manage these risks. This paper provides a comprehensive overview of project risk management, including the key concepts, principles, and processes involved. Key Concepts in Project Risk Management Risk…
With the increasing pace of technological advancements, new software applications are introduced every day. The effectiveness of these applications lies in the extent to which they are adopted by users. However, user adoption of new software is often challenging due to resistance to change, the difficulty of use, and insufficient training. Therefore, it is important…
How your organization deals with projects will drive your decision. While Oracle can offer two solutions for the same problem, once you have a clear understanding of how each works it should be clear which is best in your environment. UNIFIER was developed to meet the “forever need” of project-based organizations. As an example, a…
With more than three decades of experience helping clients improve their processes and performance, DRMcNatty has built a reputation as an overall provider of project management solutions to companies across various verticals, including transportation agencies, utility providers, and construction companies. Their success can be attributed to the company’s fully integrated team of experts, which supports…
No matter how well you plan for a project, you will not meet your goals without proper monitoring and managing of project execution. Implementing project controls helps maintain control over the flow of the project and, as a result, minimizes the performance gap between what was planned and what was executed. Project controls are a…
Teamwork is a core discipline of project management, and every project requires effective teamwork to succeed. In the past, this would have involved in-person meetings, written memos, and face-to-face conversations, whereas these days, cloud-based project management allows collaboration to happen from anywhere. Moving to the cloud can bring significant benefits to your organization and facilitate…
A project’s success heavily relies on stakeholder interaction and communication. Effective communication practices can help foster a healthy, collaborative environment that will serve as a foundation for effective project management. Better communication and excellent reporting provide more transparency in a project. This reduces the likeliness of misunderstandings and helps eliminate conflicts that could otherwise arise…
Why data management best practices are worth integrating into your project Proper data management practices are a project manager’s best friend. Collecting, storing, analyzing, and reporting on your data are fundamental disciplines when controlling a project of any size, because good information is the bedrock of decision-making, and correct management of data allows you access…
Managing hybrid teams is a must-have skill for the future The world of work has been forever changed by the global pandemic and the resulting emergence of hybrid teams. Where once whole teams would be co-located in a single office, holding meetings face-to-face and interacting in person, now the workforce can be spread far and…
The choice of software license type depends on some critical factors The decision on whether to choose a subscription license model as compared to a perpetual license when it comes to project management software rests on the requirements of your particular organization. A subscription pricing model with ongoing payments can be appropriate in certain situations,…