Best Project Management Practices

Projects play a vital role in achieving the company’s ultimate goal - “to increase their project teams’ performance rapidly. With help of best project management practices, you can increase your team’s productivity, get maximum ROI and be more profitable as a business.

No need for project managers, if anyone knew what to do, when to do, and how to do exactly. But, In project management, project managers do plan, organize and manage resources to maximize the productivity and efficiency of the team.

In this Infographic, we have listed proven project management practices that can significantly improve your results and help you manage your projects effectively.

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Top 4 Project Management Trends

Technology has been expanding disruptively in more ways than one. Disruptive because they challenge the status quo and set the new normal.

Be it exceptional social and collaboration tools like Whatsapp, Facebook, Instagram, Linkedin or remote project management tools such as Zoom, Google Meet, Skype, Webex, Microsoft Teams.

All of the examples above changes the way “we the people” interact!

Be it project team communication, business to business interactions or the way brands engage with their customers.

The entire sales, marketing and modus operandi of businesses across industries have changed. Primarily because of the way communications happen today.

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How to do Cost Management in Project Management

Cost Management is one of the key knowledge areas of project management professional (PMP) training and certification.

As the name indicates it deals with all things money associated with the project. In very generic terms every single activity in a project leads to cost be if effort, labour, license, material, travel, equipment and others.

In a more contextual sense, Cost Management is all about:

·      estimating the project budget

·      planning the allocation of the budget to various phases and aspects of the project from initiation to closure

·      constant monitoring and controlling the budget to deliver the project within the agreed budget

Project Budget is the deciding factor on how you will run, manage and complete your project.

Once you have arrived at a budget, it obviously needs to be signed off/approved by your PMO and the stakeholders to ensure you have the right buy-in.  Hence, a robust business case before initiating a project proves helpful in generating the right awareness and interest in the project.

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How to Maintain an Ideal Work-Life Balance in Team

 

“Work life balance is not an entitlement or benefit. Your company cannot give it to you. You have to create it for yourself.”– Matthew Kelly, Author

Live your life more to work better and faster, or work more to live a better life? It’s often a challenging question that many of you might be asking yourselves.

For some of you, work gets over with the end of a working day, but for still a few, work can sneak into their personal life, spoiling their evenings and also the weekends. Some tolerate, some despise it.

An employee-centric company which keeps the interest of its workforce first over other things – will value its workers and their work-life balance needs as well as wishes from their personal life and expectations from professional life.

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Incredible Tips for Better Time Management in the Workplace

Work smarter, not harder – Carl Barks

More or less you all know and agree with the above quote. Isn’t it? Still, many of us rant about the same old thing “I have no time” when asked to take some time for something of their daily work.

This is because they have a problem with time management or prioritizing things. However, it’s wrong to make an excuse of time lack, where poor planning is responsible.

Not to mention, we all have 24hrs in a day to eat, sleep, work, entertain, study, cook, exercise. Some of us are just too good at task management in both personal and professional life. Others are yet to master this art.

Precisely, we can’t even think of covering all our activities in the usual 24 hrs of a day until we learn proper time management. Here, we have come up with 11 amazing tips for better time management in the workplace. Are you ready to go for it?

Time management is necessary for our life, which is already packed with unexpected tasks and disturbances casually referred to as “time thieves”. The good thing is that it is possible to cut down on them and make up those lost hours in a day. It all depends on proper time management— efficiently managing your time rather than letting it control you.

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Why Milestone Planning is Important in Enterprise Project Management

Milestone planning is a direct contributor to successful enterprise project management. Big or small, all projects must be duly broken down into relevant milestones for proper planned vs accomplished goals tracking.

It is not just about the project progress or completing the project. There is more to it than what meets the eye.
Milestone planning is the project manager’s way of keeping the stakeholders engaged as well as accountable. Not in harsh terms rather purely from a strategic as well as tactical standpoint.
Not all stakeholders are involved in the daily functioning of projects. And we all are always occupied in multiple simultaneous projects. Hence, project communication & stakeholder expectation management also adds to the challenge here.

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