PROJECT RISK MANAGEMENT If you wish to achieve success in life you need to take risks. Is that what we have heard many times? What does the risk mean here? Is it something to afraid? Is it something that will result in unseen incidents? I should say YES to all the above questions. For instance think risk as challenge. If you have to face a challenge in life, you will have only two choices to make. Either faces the challenge or admits you are lost and leave the game. When you have to face a challenge, you need to plan

Project Communication Management Manage communications Process of Creating, Collecting, Storing, retrieving and disposition of information in accordance to the communication management plan is what we do in Manage Communication process. Inputs Tools & Techniques Outputs Communication Management Plan Work Performance reports Enterprise environmental data Organization process assets Communication technology Communication Model Communication methods Information management system Performance reporting Project communications Project Management plan updates Project documents updates Organizational process asset updates As we need to follow communication management plan, it will be first input to this process. What is to be communicated? In general we communicate project related information like,

COMMUNICATIONS MANAGEMENT: Project Communications Management includes the process required to ensure timely and appropriate generation, collection, distribution, storage, retrieval, and ultimate disposition of project information. Communication is what we do throughout the day, what is there to manage? This is a very common question we get when we hear “Communication Management” term. One point to remember here is it is not an individual communication we are speaking about here; it is about communication within and outside the organization(s). Of course organizations are made up of people and communication happens between people, but what to communicate, when to communicate, how to

In Human Resource Management – 1, we have discussed Plan Human Resource Management & Acquire Project Team. Next we will discuss “Develop Project Team” and “Manage Project Team”. Develop Project Team Develop Project Team is the process of improving the competencies, team interaction, and the overall team environment to enhance project performance. Teamwork is a critical factor for project success, and developing effective project teams is one of the primary responsibilities of the project manager. High team performance can be achieved by using open and effective communication, developing trust among team members, managing conflicts in a constructive manner, and encouraging

Project Human Resource Management Project Human Resource Management includes the processes that organize, manage, and lead the project team. The project team is comprised of the people with assigned roles and responsibilities for completing the project. The type and number of project team members can change frequently as the project progresses. Project team members may also be referred to as the project’s staff. Include the process that organize, manage, and lead the project team. Early involvement and participation of team members benefits: add their expertise during the planning process strengthens their commitment The project management team is a subset of

Project Quality Management II This is in continuation of the article Project Quality Management I .This article will cover the remaining processes Perform Quality Assurance and Control Quality of this knowledge area. Perform Quality Assurance Quality Assurance process involves performing systematic quality activities and uses quality audits to determine which processes should be used to achieve the project requirements and to assure they are performed efficiently and effectively. The project team members, the project manager, and the stakeholders are all responsible for the quality assurance of the project. Continuous process improvement can be achieved through this process, bringing about improved

Project Cost Management II This is in continuation of the article Project Cost Management I .This article will cover the remaining two processes of project cost management knowledge area. Determine Budget Control costs Determine Budget The Determine Budget process aggregates the cost estimates of activities and establishes a cost performance baseline for the project that is used to measure performance of the project throughout the remaining process groups. The authorized project includes only the costs associated with the project. For example, future period operating costs are not project costs and therefore aren’t included in the project budget. The cost performance

Project Cost Management I After creating the complete list of project activities and duration estimates, the question that’s forever on the mind of the top management is “How much is it going to cost? The purpose of the Cost Management is to answer that question. Every project has a budget, and part of completing a project successfully is completing it within the approved budget. Plan Cost Management This process establishes the policies, procedures, and documentation for planning, managing, spending and controlling project cost .It gives direction on how the project cost will be managed throughout the project. Input Tools &