Reading Time: 3 minutes Introduction The main goal of an organization is to be successful in achieving the objectives of its projects. But throughout this journey of the project life cycle, many events come across the project. These events can act as a hindrance or opportunity for an organization. So, highlighting potential risks before projects begin will help to prepare for monitoring and managing certain controllable events. This can Continue Reading
Reading Time: 4 minutes Introduction Projects are becoming more dynamic. Therefore organizations need the ability to manage the risk, or uncertainty that comes along with those changes. If a potential risk of the project is not identified early, then the project will be at a high risk to complete as per schedule, within budget, and meeting the expected quality. Thus in this blog, we are going to discuss a Continue Reading
Reading Time: 4 minutes Introduction Increasingly businesses are moving towards team building activities with remote workers scattered all over the globe. It is important to build relationships, improve communication, and boost employee morale. Thus, Virtual team building is the process of engaging remote teams in an online platform to deepen bonds within the team.Team building activities can be sharing of images, playing quizzes, or many other fun activities. The Continue Reading
Reading Time: 3 minutes Introduction You’ll constantly be curious about your consumers’ loyalty. How likely they are to recommend you and buy goods or services from you in the future. The Net Promoter Score (NPS) measures customer loyalty based on one simple survey question: i.e. “On a scale of 0 to 10 how likely you would recommend [Organisation /Service /Product] to a friend or colleague?” What is NPS? NPS Continue Reading
Reading Time: 4 minutes Introduction Functional and Non Functional requirements represent the behavior and quality that the end-user expects from the final product. Features based on these requirements are counted as deliverables. These deliverables are needed to be delivered for the successful completion of the project. In addition, the main goal of any project is to frame all the requirements together and deliver them as a product that meets Continue Reading
Reading Time: 3 minutes Introduction Estimating is a critical part of project planning. A project manager should have a well understanding of scope, time, cost, quality, resources, and risk. Which helps to estimate multiple moving parts of the project and in turn can provide an accurate picture of work for the client. A proper estimation process can help to avoid difficulties, waste of time and money. In this blog, Continue Reading
Reading Time: 3 minutes Introduction Planning plays a very essential role in the success of any project. The work breakdown system (WBS) is a foundation of project planning. A work-breakdown structure in project management is a deliverable-oriented breakdown of a project into smaller components. Thus, it is easy to estimate and manage the resources and budget for these smaller components rather than doing estimation for the whole project together. Continue Reading
Reading Time: 3 minutes The main aim of Project Management is to deliver a quality project. The quality of any project revolves around the 3 following factors.1. Scope2. Time/Schedule3. Cost/BudgetThe Triple Constraint Theory in project management describes these three factors. What is Triple Constraint Theory? The constraint can be defined as any limitation or restriction placed on a project. For example, setting a deadline for your project for its Continue Reading
