Remove Blog Remove Change Management Remove Estimate Remove Monitoring
article thumbnail

Unraveling the Causes of Troubled Projects: A Closer Look

Project Risk Coach

In this blog post, we will explore some of the key factors that can lead to project trouble and discuss strategies to mitigate their impact. Inadequate Planning and Estimation Insufficient planning and inaccurate estimation of resources, time, and budget are common culprits in troubled projects.

article thumbnail

12 Free Project Planning Templates for Excel and Word

ProjectManager.com

Project planning is one of the first and most important aspects of project management. Using project planning templates can help you schedule tasks, estimate budgets and allocate resources. There’s also a section that addresses the project budget, risk and change management, which is essential to stay on track.

Planning 366
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

100+ Project Management Terms: PM Terminology Explained

ProjectManager.com

B – Project Management Terms Backlog Backlog is a term from the Agile methodology Scrum, but is also used across industries to track every single thing that is needed to complete a product in development. Baseline A baseline is an estimate of the project’s scope, schedule and costs that is created during the planning stage.

article thumbnail

Project Baseline: A Starting Point to Monitor Your Project Performance

Epicflow Blog

All of them must be approved by key stakeholders and monitored regularly to ensure that the project is kept on track: problems with one of the types can affect the other ones or even the project outcome if no necessary actions are taken. Therefore, this knowledge can improve planning and estimates of future projects. Cost baseline.

article thumbnail

Top 10 Reasons for Project Failure

ProjectManager.com

But the idea is that when we do set that situation up, without estimating things appropriately and taking that into account, we get into trouble which can lead to project failure. Project Budget Template A project budget estimates all your costs. Project Status Report Projects fail if they’re not monitored.

Estimate 282
article thumbnail

The 10 Project Management Knowledge Areas (PMBOK)

ProjectManager.com

PMI has divided the large field of project management into 10 more digestible parts, which it calls the 10 project management knowledge areas in its A Guide to the Project Management Body of Knowledge (PMBOK). This process is monitored, analyzed and reported on to identify and control any changes or problems that might occur.

article thumbnail

Project Controls: A Quick Guide

ProjectManager.com

In project management, project controls address the following: Project strategy. Cost estimates. Risk management. It’s all about collecting and managing data, finding trends in that information, reporting on progress and then putting what you’ve learned into practice. Therefore, it’s key for making accurate estimates.