Project Risk Matrix Eample: Helpful Samples for Project Managers
In this article, Amanda describes the tool used in Qualitative Risk Assessment to categorize risks based on its probability and impact on a project. …
Continue ReadingThe Ultimate Project Proposal Checklist
This article contains a fairly simple project proposal checklist. The essentials are all listed as well as some minor, but still very important, …
Continue ReadingWhat Are the Elements of a Project Execution Plan?
Understanding the elements of a project execution plan provides clarity to the role of the stakeholders and helps in overcoming project challenges. …
Continue ReadingWriting a Statement of Work (SOW) In 8 Easy Steps
A statement of work (SOW) is essential to the project management process. Read on to learn the 8 steps for writing an effective statement and find …
Continue ReadingAn Overview and Explanation of Group Dynamics Theory
What is group work and are there really actual theories of group work dynamics? As a leader of teams, the project manager needs to understand these …
Continue ReadingCalculating Kanban Signal Points: Optimizing Production Through Kanbans
Central to the efficient movement of a production flow is the process of calculating kanban signal points. Kanbans are designed to be the …
Continue ReadingSome Internal Rate of Return Examples
Internal Rate of Return (IRR) or Discounted Cash Flow Rate of Return measures the expected rate of returns on an investment or project based on …
Continue Reading3 Real-Life Risk Assessment Examples - Part One
The world of risk management is a necessary evil in project management. Without defining, analyzing, prioritizing, and controlling project risks—we’d …
Continue ReadingExample of a Stakeholder Register and a Stakeholder Register Template
Which stakeholder can be a serious road block? What are the key expectations of stakeholders? How often should there be communication between …
Continue ReadingInternal Rate of Return Formula - Explanation & Interpretation
IRR is defined as the discount rate at which you can ensure that your investment makes more money than its actual cost. In other words, it is the rate …
Continue ReadingPERT Analysis Excel Templates for Managing Your Projects
Understanding the calculations within PERT analysis is an essential aspect of assigning values and time to these critical and non-critical paths. …
Continue ReadingProject Management: Group Dynamics and Roles
Project management is a tool used to address a variety of operational issues that arise in business settings. The establishment of healthy group …
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