Are you thinking about taking a leap and jumping into a project management career? The Project Management Institute indicates that by 2027, there’ll be a need of filling more than 87.7 million PMP roles, which means businesses will be continuously opening the floor for so many project manager roles! The demand is there, and so are the opportunities, but there’s only one thing you need to make that happen and it is – knowing where to start. Getting your first project management role can be difficult and challenging, especially if you have no prior experience in this field. Not only are you comp ..read more

In managing work, we often come across two terms: project management and task management. Both are loaded terms and require explanation. Before we jump to the guide, let’s first look at the difference between a project and a task: Project management vs task management Project management Let’s start by defining project management. Project management involves the comprehensive and holistic process of planning, organizing, executing, and closing a project. Essentially, it means overseeing every aspect of a project from its inception to its completion. A project has clear objectives, deliverables ..read more

When collaborating as a team, it’s essential to establish working agreements.  Not only they facilitate alignment towards common goals, but also minimize confusion as the team progresses.  As long as everyone sticks to the agreement, chances for misunderstandings become minimal.  So what are team agreements, why are they important, and how do you create one? Keep reading.  What is a team agreement?  Team agreements are guidelines or principles that team members agree upon and bow to in order to facilitate collaboration, communication, and productivity within a team.&nb ..read more

Have you ever wondered why some businesses seem to effortlessly sail through projects while others struggle to keep their heads above water? It’s not just luck – it’s the power of project management. Let’s explore the main reasons why project management is oh-so-important. 1. Staying on track and on budget Have you ever started a project with high hopes, only to watch it veer off course? Project management keeps you on track. It ensures that you hit deadlines and stay within budget. Throughout the project, project managers continuously monitor progress against the plan. They track key metrics ..read more

Roles and responsibilities are essential for high-performing teams and effective project management. They offer structure, clarity, and accountability for the project team. Yet, they sometimes slip the radar of management priorities despite their undeniable significance and advantages. I’ve been in a situation where unclear roles caused tension and challenges. It’s tough when everyone’s unsure about their tasks, leading to misunderstandings and frustration. I want to extend my support to anyone who’s experienced this, as I understand firsthand how unsettling it can be. You’re not alone, and it ..read more

If you’d like to be more proactive about your resourcing strategies, then you’ve arrived at the right place. Capacity planning tools play a crucial role in helping businesses navigate recessions and unstable economies by enabling them to optimize resources, control costs, respond flexibly to changing demand, mitigate risks, make strategic decisions, and gain a competitive edge. In simple words, capacity planning tools take the headache out of matching the right people with project demand and answer if you’re ready to take on new work. The benefits of using capacity planning tools Understanding ..read more

New to capacity planning? Then you might benefit from three common capacity planning strategies project managers use to staff their projects.  Capacity planning is a crucial component of resource management in businesses, and involves predicting demand for a company’s services and ensuring sufficient resources are available to fulfill that demand. With the goal of maximizing resource utilization, minimizing waste, and avoiding system or employee overload, businesses must carefully evaluate and implement the most effective capacity planning strategy. There are three main strategies to cons ..read more

Teams are the lungs of any organization, driving innovation, problem-solving, and productivity. Understanding the various types of teams can help leaders assemble the right combination of skills and personalities to achieve specific goals. From small task forces to large cross-functional groups, each type of team brings its own set of advantages and challenges. In this article, we will delve into the diverse landscape of teams, exploring their characteristics, purposes, and optimal applications. Functional teams Functional teams are organized based on specific functions or departments within a ..read more

Do you know how much profit your organization is generating from its projects? Project profitability is a critical metric for any business, as it reflects the success of the company’s project management activities.  However, recent project profitability and budget statistics reveal that many organizations are struggling to achieve healthy project margins. Surprisingly, some sectors perform better than others, and specific project management practices can significantly impact profitability.  In this blog post, we will explore some surprising facts to help you understand the financial ..read more

In project management, workstreams are a way of dividing labor up into manageable chunks based on the specific needs of a project. By breaking down a project into a network of activities, each with their own set of objectives and responsibilities, a project manager can optimize resources and assign tasks efficiently, while promoting team collaboration and streamlining communication. Ultimately, effective use of workstreams can have a tangible and positive impact on the likelihood of a successful project completion. Benefits of Using Workstreams in Project Management Workstreams offer distinct ..read more