Rolling Wave Planning
In project management, the term "rolling wave planning" refers to an iterative planning technique where the planning process unfolds gradually and in waves rather than attempting to plan the entire…
User Stories
User stories are vital tools in project management, especially in agile methodologies. They capture the essence of a feature or functionality from the user's perspective, outlining the 'who,' 'what,' and…
Managing the Project Portfolio
Managing the project portfolio is crucial for a project manager due to several reasons: Alignment with Organizational Goals: Managing the project portfolio ensures that all projects within it are aligned…
Applying a Project Priority System
Applying an objective priority system to project selection involves establishing a structured approach that relies on quantifiable measures and criteria to evaluate and prioritize projects. Here's how a project manager…
Applying Multi-Criteria Models
Multi-criteria models are valuable tools for project managers when selecting projects because they allow for a more comprehensive and systematic evaluation of various factors. Here's how they can be used:…
Applying Financial and Non-Financial Criteria
Assessing the value of projects using both financial and non-financial criteria is crucial for several reasons: Comprehensive Evaluation: Financial criteria, such as ROI (Return on Investment), NPV (Net Present Value),…
Phase-Gate Model
The phase gate model, also known as the stage-gate process, is a structured project management approach that divides a project into distinct phases or stages. At each phase or gate,…
The Need for a Project Priority System
A project priority system is essential for project managers for several reasons: Resource Allocation: Not all projects can receive the same level of resources. A priority system helps allocate resources…
How Project Play a Significant Role in Shaping the Strategic Direction of an Organization
Projects play a significant role in shaping the strategic direction of an organization in several ways: Innovation and Competitive Advantage: Projects often involve developing new products, services, or technologies. Successful…
Understanding the Organization’s Strategy
Understanding the organization's strategy is crucial for a project manager for several reasons: Alignment of Goals: When project managers understand the organization's strategy, they can align their project goals with…
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