Cost management is one of the most important elements of managing any project. There is nothing worse than running out of money half way through a project. As a project manager, it is your responsibility to manage project costs and this covers the scopes of budgeting and cost estimations. It is up to you to […]
Portfolio direction is a key benefit or governance. This is because the Directors have considered and decided how a project fits with the overall strategy for a project. For example a retailer may decide that moving on-line is an important strategy. So that project to deliver this would be of high priority. Open and honest […]
1) If the scope has only been defined at a high level then the next step would be to fully define the scope with a product and work breakdown structure. The PBS would define all the deliverables that the project has to produce, in a structured way. The WBS would define all the work required […]
First of all, congratulations on reaching the interview stage! Now, the real work begins. If you want to secure a job as a project manager, you need to be well prepared for all of the questions the interviewers are going to throw at you, and show them you have the right skills and attitude. Luckily, […]
The APM Project Management Training Specialist, Parallel Project Training has today been listed as an approved supporting provider for project management apprenticeships by the Skills Funding Agency. Parallel is one of very few specialist APM project management training providers approved on the first list of apprentice providers. The assessment covered The financial health of the […]
Five Benefits of Project Lifecycle By looking at the benefits at each stage of the project life cycle ensures and questions what is required, why are we doing this, is it still the right thing to do? A life cycle works through the different stages of a project, Concept, Definition, Development, Handover Closure Benefits realisation […]
Almost all businesses and organisations are now project-centric and either have an in-house project management capability or use external project management consultants. Projects are a major part of all business environments as organisations strive to improve their products in the high-tech landscape and streamline processes for better cost-efficiency. And where projects tend to be complex, […]
List & Explain 5 environment factors that may affect a project Pestle 1. Political – environment factors 2. Environmental factors 3. Sociological – environment factors 4. Technological – environment factors 5. Legal Environment factors The project could be under or influenced by various environmental factors, these can be for or against the project. Political – […]
Explain five differences between a Project and a Programme 1) The difference between a project and a programme is A project will Has defined objective- can be in line with corporate goals Will look to deliver a single solution to the problem i.e. the customer wants a pen which is pink and has yellow dots on, […]
List and explain 5 roles within a project organisation Within a project organisation the 5 roles are 1 Project Manager within a project organisation 2 Team Members within a project organisation 3 Project Offices within a project organisation 4 Sponsor within a project organisation 5 User/Client within a project organisation Five roles within a project […]
, List and describe three advantages of a matrix organisation 30 points. List and describe 2 disadvantages of a matrix organisation Three advantages of a Matrix organisation is 1) Share resource, being in a matrix organisation sharing of resource is an advantage as the project manager is able to use the specialised skill or resource […]
3, Explain how a Project office can assist a project manager 1. A project office can provide Administration support to the Project Manager 2. A project office can provide Governance assistance to the project manager 3. A project office can provide Resource allocation, to the project manager 4. A project office can provide support the […]
Nothing in life is plain sailing, and this is definitely the case when it comes to the project management profession where project failure is common. For project managers in the early stages of their career especially, you will, of course, make mistakes. But, by learning from them, you can become the best project manager you […]
Oh how times change! Young people today can embark on careers in areas that simply didn’t exist 20 years ago. Some roles today, especially in technology and the digital market, didn’t even exist a decade ago. And the world of work is still evolving. Schools are already working to teach and equip young people to […]
Project management is a challenging and exciting job but is used in different ways in many different industries. In the past it has maybe been difficult to explain that professional project management is not the same as just managing a one-off project in our everyday lives. For many years there have been professional qualifications and […]
We often talk about the importance of project management training, naturally we would being a PM training company. We like to emphasise the importance of training – it will help you personally and your organisation better execute your important projects; make them more successful. Training will also lead to better career prospects and a higher […]
Describe how the following can be used to communicate a schedule to different stakeholders: a)WBS A WBS illustrates all of the work and their associated packages that will produce all of the products of a project. It is the first step in creating a schedule. It can be used to communicate with the user/sponsor to […]
The pre-requisites to estimating techniques are The pre-requisites for comparative estimating are a set of data from similar projects to act as a benchmark against which we can measure the new project. Ideally, this should be in the same region and using the same technology. For example, is building a block of apartments, we would […]