article thumbnail

How to Conduct a Feasibility Study

ProjectManager.com

What is a feasibility study and why is it so important for a project? Jennifer Bridges, PMP, explains what project managers need to know about feasibility studies in this short tutorial video. In Review – How to Conduct a Feasibility Study. Jennifer began by clarifying what a feasibility study is.

article thumbnail

The 5 Phases of the Construction Process (Templates Included)

ProjectManager.com

Then we’ll explain the difference between the construction phases and the project life cycle. To help you manage your construction projects better, we’ll even add a few free templates. Construction projects are carefully planned. A feasibility study is done to make sure the project is worth pursuing.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Top 10 Project Management Methodologies – An Overview

ProjectManager.com

Scrum works within an agile project management framework, though there have been attempts to scale Scrum to fit larger organizations. The term scrum was introduced in a “Harvard Business Review” article from 1986 by Hirotaka Takeuchi and Ikujiro Nonaka. Critical Chain Project Management (CCPM). Kanban Methodology.

article thumbnail

Project Initiation: How to Start Your Project Off Right

ProjectManager.com

A business case will be adaptable, fitting the size and risk of the proposal, but it will structurally be the same from project to project. It deals not in technical issues, but the business concerns of the project, and it needs to be comprehensive. Do a Feasibility Study. Review the Initiation Phase.

article thumbnail

PRINCE2: The Project Management Method Explained

Rebel’s Guide to PM

As a project manager , I have used it in financial services, and to a lesser degree, a modified version in a healthcare setting. Because PRINCE2® is a broad-brush approach, it doesn’t cover technical processes or specific techniques, but it will fit alongside them. Document lessons learned for future projects.

Prince2 356
article thumbnail

125 Project Management Buzzwords

The IIL Blog

hours, personnel needed, and/or tasks) to ensure that a project can be completed on time and within budget. Change Control A formal process of documenting, reviewing, approving, and managing a change to a project’s scope, schedule, budget, or quality parameters. Feasibility Study An analysis of a project’s viability.

article thumbnail

How to Solve the 5 Top Challenges of Manufacturing Projects

LiquidPlanner

Imagine for instance that a new technological advance in the marketplace will make your planned product look markedly inferior. Otherwise, you could be working on a project that is out of date upon delivery. One particular decision that’s important to get right, is deciding who should lead the project. READ THE CASE STUDY.