Recently, Tibco made an announcement to acquire Jaspersoft for some $185 million and D&B announced that it has acquired small analytics startup Indicee. This shows that companies in order to be more focused and remain valuable to customers, it is very important to provide more value through insights from big data. Please go through the link for more details: http://www.forbes.com/sites/benkepes/2014/04/30/suddenly-everyone-wants-to-be-in-cloud-analytics/
Objectives of a project might be more than one. The stakeholders are the ones who are supposed to earn benefits from a project, but the definition of benefit can be different for different stakeholders as stakeholders are more than one. Quality objectives may differ for different stakeholders as per their needs and requirements from the project. Please go through the link for more details: http://www.pmhut.com/quality-objectives-in-project-management-beauty-is-in-the-eye-of-the-beholder
In the present competitive market maintaining profit and growth is very difficult for a company. To do so the company must take help of enterprising tools. Such tools actually improves productivity and hence profitability of a company. These tools help in proper co-ordination and connectivity amongst the various processes thus reducing idle time among processes. It helps to keep track of various tasks and ensures timely completion of each task. Please go through the link for more details: http://www.pmhut.com/7-benefits-of-using-enterprising-tools-for-managing-projects
Nowadays, stakeholder management has become a very important aspect for successful completion of any project. It is also introduced as a Knowledge Area in the PMBOK® Guide. During the project, communication, interference, flow of information, uses of tools and matrixes, and hidden agenda of stakeholder’s should be always keep in mind and properly managed by the manager. To know more kindly refer to the below mentioned link: http://www.business2community.com/strategy/can-stakeholder-management-fail-0631968#!RK4ai
It is foolish to plan for the best by just hoping to get the best resources, productivity and enthusiasm while working on a project. It is absolutely possible that we might get to work with the worst kind of resources whose productivity is low and is less enthusiastic. In such a situation if our planning was with the best, we will be left with nothing to do. But, if we plan for the worst, we can work with any kind of resources. To know more kindly refer to the below mentioned link: http://www.drharoldkerzner.com/hope-for-the-best-plan-for-the-worst/
Managing time is extremely crucial for Project Managers. For successful completion of a project, utilizing and managing time effectively is very important. By managing time, it is possible to make a positive impact in performance and efficiency of a project. To know more kindly refer to the below mentioned link:-http://www.processexcellencenetwork.com/lean-six-sigma-business-transformation/articles/six-time-management-tips-for-project-managers
Implementing wrong project management tools can ruin a business. So before deciding which tool to implement, we must first make the foundation of a project with solid definition of purpose and also it is required to estimate the various needs and requirements of project. Project management tools should work more smoothly and should deliver the results in an efficient manner. To know more kindly refer to the below mentioned link: http://lnbogen.com/2014/04/14/how-project-management-tools-kill-more-companies-than-any-other-saas-out-there/
Project management is an important medium to reduce wastage of time, resources and money. Traditional project team models are not that much effective in construction industry. In this article, four ways are mentioned to work more effectively and efficiently. For a successful project, it is very crucial to give importance to value engineering, identifying the associated risk, minimizing build time and maintaining long term relationships with the clients. To know more kindly refer to the below mentioned link: http://projectmanager.com.au/basic/4-common-construction-problems-project-management-resolves/
This article tells us why both Design for Six Sigma (DFSS) and Quality Function Deployment (QFD) are needed. Please go through the link for more details: http://qfd-institute.blogspot.in/2013/03/dfss-dfls-and-qfd-why-we-need-both.html
To complete a project successfully, a project leader must have the details and nitty-gritty’s of the project i.e. the constraints, requirements and demands clear in his or her mind. Documentation is very important for any project and so is the ability to utilize most of the team members for successful completion of the project within the stipulated time. To know more about the basics of project management, kindly refer to the below mentioned link: