article thumbnail

7 Steps for a Successful Project Budget

ProjectManager.com

That’s why planning out your project budget is so important: it’s the lifeblood of the project. But first, we need to define what a project budget is. What Is a Project Budget? A project budget is the total projected costs needed to complete a project over a defined period of time. Why You Need a Project Budget.

Budget 396
article thumbnail

Scrum Methodology: Roles, Events & Artifacts

ProjectManager.com

The scrum methodology was developed as a response to rigid project management approaches such as the waterfall method, which didn’t adapt to the needs of agile product and software development teams. For this purpose it defines three roles, a scrum master, a product owner and a development team, made up of several team members.

SCRUM 343
Insiders

Sign Up for our Newsletter

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

article thumbnail

7 Ways to Sell Agile to Project Stakeholders

LiquidPlanner

Here are some tips for selling Agile project management methodology to stakeholders: 1. In certain cases, it’s possible to cling to legacy or home-rolled project management practices even when development teams have moved into some form of Agile development. COO attention = budget. said no corporate executive ever.

Agile 755
article thumbnail

IT project management explained: How to run great IT projects

Planio

On average, IT projects come with more complexity and risk, and can quickly fall to pieces without proper due diligence, management, and leadership. Manages a defined project budget. ?️ Similar situation: IT project managers manage specific types of costs, including development hours, software licenses, and hardware items.

article thumbnail

The ultimate guide to annual planning for product teams

Planio

Required budget and resources. For many organizations, annual plans serve as a mechanism to secure budgets and resources. Bring together your product’s A-team The trick to an awesome annual plan is to create it as a team. Top tips for an awesome annual plan: Bring in diverse voices. Risks, buffers, and contingency.

article thumbnail

Managing Remote Teams: Challenges, Best Practices & Tools

ProjectManager.com

A remote team is a group of people who are working together to solve a common goal who are working in different offices, cities or countries. Related: Coronoavirus: Work From Home Software & Tips. Managing Remote Teams. Remote teams, like any team, report to the same manager. Sales teams.

article thumbnail

What Is a Burn Up Chart In Agile Project Management?

ProjectManager.com

Software development and product development teams use a burn out chart as these fields tend to work in a more iterative, agile fashion. As you work on the project and fill in the burn up chart, you’ll be able to see how fast the scrum team is working. Review and Revise You’re not done yet.

Agile 356