article thumbnail

What is Project Life Cycle and What Are its Phases

ProProfs Project Management

Now wouldn’t it be correct to say that every project manager and every member of a team working on a particular project have the same goal, and that’s to carry out their tasks successfully and deliver expected results? What is Project Life Cycle. What Are the Project Life Cycle Phases.

article thumbnail

Batch Production: Examples, Advantages and Disadvantages

ProjectManager.com

Batch production is a manufacturing process in which a group of identical products are produced at the same time, rather than one at a time. Our site has over 100 project management templates for Excel and Word that can be downloaded for free. These free templates span many industries and cover all aspects of the project life cycle.

Insiders

Sign Up for our Newsletter

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

article thumbnail

125 Project Management Buzzwords

The IIL Blog

Agile A flexible and dynamic approach to project management that allows for iterative updates during defined time blocks, which allows for incremental value. Agile Manifesto The fundamental document that outlines the values and principles of Agile project management. Agile team A cross-functional group of individuals (e.g.,

article thumbnail

How to Cash In on Project Opportunities

Project Risk Coach

I am a member of some project management LinkedIn Groups that have had heated debates concerning whether an opportunity is a risk. Some people define risks as uncertain events or conditions that has negative affects on project objectives only. Then participants sort the opportunities into groups or categories.

article thumbnail

Risk Analysis 101: How to Analyze Project Risk

ProjectManager.com

Though this process starts at the beginning of the project, it’s an iterative process and continues throughout the project life cycle. Finally, risk management is the overall process that project managers use to minimize and manage risk. Activity duration estimates. Cost estimates. Procurements.

Risk 445
article thumbnail

Demystifying the PMBOK Process Groups

Wrike

Generally speaking, projects require five process groups — initiating, planning, executing, monitoring and controlling, and closing. These are known as the PMBOK (Project Management Body of Knowledge) process groups. An introduction into PMBOK process groups and knowledge areas. Initiating.

Process 48
article thumbnail

What is Project Time Management?

ProProfs Project Management

Project time management refers to skills, tools, and techniques, which businesses use to manage time while working on project activities. Time’ and ‘Deliverables’ are the two major factors that you need to take care of during the project life cycle. What Are the Main Processes in Project Time Management.