The Major Advantage of IRR: Easy Calculations and Comparisons
Internal Rate of Return (IRR) determines the worth of an investment. It measures the expected rate of returns generated by an investment based on …
Continue ReadingWhat Are the Consequences of Poor Decision Making?
Poor or inadequate decisions harm projects all the time. If the decisions you make adversely affect a project, what are the consequences of poor …
Continue ReadingWhat is Internal Rate of Return
Although the actual returns of a project or investment differ from its Internal Rate of Return (IRR), IRR finds use to determine the attractiveness of …
Continue Reading4 Types of External Conflict That Can Kill Your Project
As a project manager, you already know you’ll need both internal and external resources for your projects. What are the types of external conflicts …
Continue ReadingAccepting the Challenge of Changing Project Managers
So, you have been given the opportunity to step in and clean up the mess after another project manager has failed? Changing project managers is tricky …
Continue ReadingThe Project Closeout Report - What Should You Include?
When all is said and done, every project (even small ones) should have some sort of closing procedure. How should this process be handled?
Continue ReadingAll About Stakeholder Mind Mapping Activities
Mind maps (diagrams that show relationships between topics) can help clarify project objectives and dependencies. Using these tips for stakeholder …
Continue ReadingTop 8 Typical System Stakeholders
What can make project execution so difficult? It’s the people. The larger and more visible the project is, the more individuals that will have …
Continue ReadingHow to Get Stakeholder Approval of Project Risk
Securing stakeholder approval of project risk is of critical importance to implement an effective project risk management plan and thereby, reduce the …
Continue ReadingHow to Prepare an Event Chain Diagram
Looking for information on how to make event chain diagrams…then here’s an article that will teach you how to go about it. Also you can use the free …
Continue ReadingIdentifying Internal Risk Factors and External Risks In Project Management
An understanding of the internal and external risks in project management is necessary as part of the project plan. Generally speaking, internal risks …
Continue ReadingEffects of Procrastination in Project Management - Three Hazards
Let’s face it - everyone gets a little lazy. While having a ’lazy day’ isn’t bad if done sporadically, hitting a …
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