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Cost Estimation for Projects: How to Estimate Accurately

ProjectManager.com

Good cost estimation is essential for keeping a project under budget. Many costs can appear over the life cycle of a project, and an accurate estimation method can be the difference between a successful plan and a failed one. Estimation, however, is easier said than done. Projects bring risks, and risks bring unexpected costs.

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What Is Lean Portfolio Management? A Quick Guide

ProjectManager.com

Having many projects to manage in a portfolio can be daunting. There are many ways to do this and one of which is lean portfolio management. Let’s first define lean portfolio management and then delve into how it works. This will give you an idea if it’s the right strategy to execute your portfolio management.

Lean 331
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Kanban vs. Scrum: What’s the Difference?

ProjectManager.com

Kanban and scrum are agile project management methodologies that can be used for similar purposes, but each has its unique pros and cons. As a project manager, it’s important to understand the difference between kanban and scrum so you can determine the best approach for your team. What Is Kanban?

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How to Write a Business Case (Template Included)

ProjectManager.com

A business case is a project management document that explains how the benefits of a project overweigh its costs and why it should be executed. The need for a business case is that it collects the financial appraisal, proposal, strategy and marketing plan in one document and offers a full look at how the project will benefit the organization.

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14 Common Project Risks (+ more)

Rebel’s Guide to PM

Risks matter. That’s the point of risk management: thinking about what might go wrong before it does, so you can put a plan together to deal with it if it does. However, at the beginning of your project when your risk log is empty, it can be a bit of a challenge to think of all the stuff that might need to go on there.

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How to Start a Project Management Career

ProjectManager.com

Project management is a growing industry and one that offers great opportunities for people of all skills and experience. It is a discipline that is used across industries as varied as construction, manufacturing and IT to healthcare, professional services and government. Here are some of the more common project management roles.

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Supply Chain Risk Management and Its Mitigation Strategies

Techno-PM

As supply chain companies mature with budding scopes and complexity, supply chain risk management becomes inevitable in mitigating unexpected disruptions. What Is Supply Chain Risk Management? Supply chain risk management is a technique aimed at strategising, reassessing, and mitigating risks involved in the supply chain.