If we had to choose one word that best describes R&D projects, it would be “uncertainty”—they have so many changing elements, and their outcomes are often hard to predict.  Nevertheless, this does...

In times of economic crisis, enterprises try to find ways to reduce their expenses and improve profitability to survive during tough times. However, some of the cost-saving measures they take can appe...

According to Gartner, by 2030, 80% of project managers’ tasks will be run by AI, powered by big data, machine learning (ML), and natural language processing. This statement was perceived as a threat t...

Resource availability is a critical component of effective resource allocation: you need this data to assign the right people to the right task for timely and successful project delivery.   But despit...

No project is immune to factors that may result in cost overrun – from a mistake made by a team member that will extend a project’s timeline to force-majeure events like pandemic or war.  However, mos...

Project failures don’t happen out of the blue — they’re always the result of improper management actions. In a complex multi-project environment with limited resources, the price for improper manageme...

Estimation of project cost is one of the core practices of the project initiation stage, which becomes the basis for the approved project budget. However, the main challenge of this process is that it...

Aircraft engineering is a complex and constantly developing sector of aerospace and defense, where experts from various areas of technical expertise are involved. At the same time, project management ...

There is no doubt now that Agile is not just a buzzword, but a really working methodology that takes product development to the next level. Starting as an approach to improving the software developmen...

Perhaps you know the pessimistic but cautious statement that can refer to any kind of activity: “If anything can go wrong, it will”. It’s known as Murphy’s law. It’s applicable to any sphere of human ...

In project management, even if you’re a talented and experienced project manager, you definitely know you can’t control everything. Uncertainties can concern both internal factors, such as cost, time,...

This article was updated on November 2, 2021. Probably everyone has ever been a student. Countless lectures, seminars, home tasks, projects, etc. Sounds familiar? Then you also remember that often all...