6 articles with this tag
Pareto chart analysis helps you identify which 20% of problems cause 80% of your issues. This statistical technique maps and ranks business process problems from most to least frequent, helping you focus efforts where they will produce the greatest impact. Learn how to create and interpret Pareto charts using Excel.
Critical Chain Project Management uses buffer time strategically instead of padding individual task estimates, addressing common project delays from student syndrome, multitasking, and path convergence issues. Major companies report completing projects in half the time after implementing CCPM methods.
A friend once said that the critical path method is used because whatever you do, something else has to happen first. That's overly simplistic, but it's a good starting point for an introduction to the critical path method.
PRINCE2 stands for Projects in Controlled Environments, a flexible project management method used throughout the UK, Europe, and Australia. Learn the seven principles, seven themes, and seven processes that make PRINCE2 one of the two most widely used project management methodologies worldwide, alongside PMP certification.
PMBOK stands for Project Management Body of Knowledge, the comprehensive source work for project management standards recognized by ANSI and ISO. This guide covers 47 processes organized into five groups and ten knowledge areas. Learn how to apply PMBOK best practices to manage projects from initiation through closure effectively.
A Gantt Chart is a bar chart used for visually representing a project's schedule. It is used in project management for illustrating tasks or activities in relation to time. In very simple terms, a Gantt Chart shows which tasks need to be completed and when they must be completed. When creating a strategic business plan, understanding Gantt Charts is essential for effective project planning and execution.