Estimation of project costs 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 i...

Project cost management (PCM) is the discipline of planning how costs are governed, estimating required resources and money, approving and time-phasing a budget, measuring actual cost and progress, fo...

What projects should you accept and which ones can you decline? Many companies take every project that comes their way, and that might be a good solution in some situations. But at some point, you’ll ...

Managing a large portfolio of projects without the right structures and methodologies in your arsenal can be a big challenge. It’s not uncommon to see company resources overloaded, lead times increasi...

Today, you can hear about renewable energy from every corner of the Internet, and it’s no wonder why. Society grows, people become more conscious about environmental problems, as well as their impact ...

You’ve probably faced the situation when there are numerous projects in the pipeline and they all seem to be important. But the resources are limited, so you need to find the right criteria to priorit...

Managing multiple projects simultaneously is challenging yet essential to succeed in any business today. Organizations often juggle several initiatives with their unique objectives, deadlines, and con...

The pharmaceutical industry is on the guard of people’s health and well-being. At the same time, it faces numerous complexities, challenges, and risks that can hamper the implementation of the main mi...

According to a Gartner report, 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...

Project management involves creating lots of documentation. If you look into project management standards, you will find at least a dozen of various plans, multiple types of reports, and numerous othe...

One of the major concerns of project managers is delivering projects on time. But changes and contingencies can significantly affect the initial project timeline.  How can you be sure that the project...

Reduction of project costs and at least avoiding significant cost overruns is one of the high-priority tasks for a project manager, as it helps to avoid unnecessary expenses and significantly impacts ...