Use of the Nominal Group Technique in Decision-Making
The nominal group technique is a method used for group decision making. It’s similar to a vote, but it also takes the opinions of each …
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Using the Focus Group Technique for Group Decision-Making
The focus group technique is a great tool for a project manager. It helps groups make decisions as a team in an efficient and positive manner. …
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Project Cost Estimation During the Project Cost Management Process
“Our sales people conducted project cost estimation and we got the contract. Unfortunately, the cost estimation was unrealistic and now the …
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Examples of Estimating Costs in Project Management
Projects need to be delivered on-time and on–budget. Accurate cost estimation is crucial for the latter. Otherwise, well let’s just say you won’t be …
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Latest in Risk Management Trends: What Will We See in the Future?
With all the risk that has shaken the business world recently, are you curious what’s going to happen in the future? Just curious? Whatever …
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Project Initiation Document Template & Tips for Project Managers
Even if you have a project initiation checklist, you still need to create a project initiation document. In fact, the checklist should be created …
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Three Examples of Successful Change Management Practices
Creating a change management plan can be difficult. But luckily there are many examples of successful change management strategies. Here are three …
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What is Value Engineering in Continuous Improvement?
We’ve all heard about win-win situations, but they don’t always exist. By practicing value engineering, win-win situations will never be a far …
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Project Cost Estimating Techniques
In the Estimate Costs process of the Project Cost Management knowledge area, there are some tools and techniques recommended by the Project Management …
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Examples of Life-Cycle Costing (LCC) in Project Management
It took us a year to develop and install our own servers. Leadership applauded our efforts. Unfortunately, the cost of maintenance surpassed …
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