Remove product-manager-vs-project-manager
article thumbnail

How to Create a Strategy Map for Your Organization

ProjectManager.com

To communicate this, organizations will usually employ what is called a strategy map. Then we’ll provide an example to better illustrate what we’re talking about and even provide a download to a free strategy map template to help you get started. What Is a Strategy Map? What Should Be Included in a Strategy Map?

article thumbnail

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?

SCRUM 412
Insiders

Sign Up for our Newsletter

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

article thumbnail

The Buyer Value Equation, Strategy, & Project Management

The Strategic Project Manager

Finally, it looks at the impact and application of the Buyer Value Equation framework for developing strategy and managing projects. The “Buyer Value Equation” is a concept used in marketing and business strategy to quantify the value proposition that a product or service offers to potential buyers.

article thumbnail

Enterprise Environmental Factors in Project Management

ProjectManager.com

Projects aren’t executed in a vacuum. It’s easy to get lost in the planning and execution as these are foundational processes that help deliver successful projects. However, you can’t forget the context of the project, which is what enterprise environmental factors (EEF) cover. What Are Enterprise Environmental Factors?

article thumbnail

What Is a Stakeholder? Definitions, Types & Examples

ProjectManager.com

Stakeholders are important to every project. They are impacted by the project, be they investor or customer. Let’s take some time to define what a stakeholder is, examples of stakeholders and free stakeholder templates that can help with stakeholder management. The stakeholder has a vest interest in the project.

article thumbnail

Value Innovation Strategy For Strategic Project Managers

The Strategic Project Manager

It defines it, compares and contrasts it from similar approaches, and then looks at the impact of leveraging Value Innovation in the practice of strategy and project management – developing a Value Innovation Strategy. What Is a Value Innovation Strategy? Chan Kim and Renée Mauborgne.

article thumbnail

What Is a Cost Breakdown Structure (CBS) In Project Management?

ProjectManager.com

Manufacturing a product or constructing a building is a complicated process, which in turn makes determining the price for that product equally difficult to discern. There are many factors that must be considered, and project managers use a cost breakdown structure to help them determine the cost of that product.