Rapid Fire on Project Management

Proactive Managers have higher chances of finding out the risks and implementing solutions in order to minimize them. Being proactive, lets them have more control over their project tasks and resources. They can keep a better track of all tasks and issues to work towards implementing small changes and improvements for higher productivity and efficiency. … Read more

Work breakdown structure defines the work activities that are required for the project completion and the sub-activities of each of those work requirement. It has a hierarchical structure in which concrete/ main activities are segregated into logical sub-activities. There are two approaches: Top-down approach Bottom-up approach The Work Breakdown Structure (WBS) is a hierarchical decomposition … Read more

There are two ways in which you can calculate the three-point estimation: Triangular Distribution E = (P+M+O)/3 Beta or PERT Distribution E = (P+4M+O)/6 where P = pessimist, O = Optimist, M = most likely. The three-point estimating method is a technique used in project management to estimate the duration or cost of an activity … Read more

Developmental stages of the team generally consist of: Forming: In this stage, the entire group unites for the first time where the focus is to build relationships within the team and clarify the mission or vision of the project. Storming: In this stage, team members get more comfortable in sharing their opinions with the team … Read more

Trust and agreement is a key factor that facilitates proper communication and coordination in a team. that brings ou the best outcome. To gain agreement from your team members you must: Keep your expectations clear from the very beginning Build achievable milestones so that they don’t feel pressured Collaborate and maintain team trust throughout the … Read more