18 articles with this tag
Project portfolio management helps companies analyze potential returns from projects before investing resources. By comparing projects using real metrics, management can select those offering the best ROI with minimal risk. Smart businesses don't gamble with project investments.
PERT stands for Program Evaluation and Review Technique, a statistical tool for analyzing project tasks. Created in the 1950s by the US Navy, PERT helps project managers discover the time needed for each task and the minimum project completion time. Learn the terminology, step-by-step process, and pros and cons of using PERT charts.
Change requests are inevitable in project management, proposing alterations to agreed deliverables. Managing them effectively requires documenting the request, assessing scope impact, prioritizing with your team, approving or rejecting based on merit, and communicating the decision to all stakeholders.
Discover the Kanban system for just-in-time inventory control. Learn how Toyota pioneered this lean manufacturing approach, how it evolved from physical cards to electronic systems, and how it reduces costs while maintaining optimal stock levels.
Project management involves planning and monitoring finite activities with specific goals, start dates, and end dates. Discover the five phases of project management and how effective project managers integrate teams, resources, and budgets to deliver successful outcomes.
Learn the key differences between task, project, and process management and discover which approach is right for your business needs. Understand when to use each method for optimal efficiency and results.