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...

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 ...

When managing a project, it’s hardly possible to stick to the original plan without making any changes to it throughout the entire project lifecycle. In most cases, changes are inevitable and even nec...

Risk is often perceived as a potential hazard or something that should be better avoided. However, we all know that the road to success is fraught with risk, as it’s often associated with new opportun...

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 ...

If you’re engaged in project management or your occupation is somehow related to it, you should have an eye for project management terms. On the other hand, it’s quite difficult to retain all the defi...

You probably already have a new project management system in mind or are at least considering choosing one to improve team productivity and take your project planning achievements to the next level. H...

Project delays and failures lead to billions of dollars in losses as companies lose to their competitors. The 2024 Construction Association report highlights that 53% of companies face delays or proje...

Have you ever wondered why projects often lead you up a blind alley? According to a 2016 Wellington Project Management Survey on the State of Project Management 4247...

When projects compete for limited resources and investments, and you need to align them with your company’s business strategy and strategic objectives, traditional PMO functions may not be enough. Thi...

Resource capacity planning is crucial for project success, and manufacturing projects are no exception. At the same time, it can become really challenging in a dynamic and complex manufacturing enviro...

Everyone knows Jira as a task and project management tool that is popular with software developers. And that’s not without reason — the solution helps teams manage their daily work quite effectively. ...