Project

Project Portfolio Management Trap I am sure your organization has had its share of failed projects. The reasons for project failure could be many. Some of the project failures may include any or all the following factors. Poor planning, Ambiguous requirements Inadequate or incompetent resources Ineffective stakeholder management Unreasonable and tight deadlines – the list … Read more

For time immemorial, project management meant the ability to manage scope, time, and cost. Globally, books and discussions highlighted the so-called ‘triple constraint triangle’ in project management. Another dimension – the quality was added as a circle around this triangle. That brings us to a vital question. Is project management just about these triple constraints? … Read more

Project inventory management struggles Today’s project management discussions across various industry forums, conferences, and discussions on project management are pivoted around technology, consulting, and services types of projects. Also, most of the PPM (Portfolio & Project Management) technology vendors have traditionally focused on project management solutions for software, services, and consulting based organizations and no … Read more

Project management maturity is a journey – observed to be true whether you are a big or medium or small enterprise irrespective of whether you are in engineering, manufacturing, construction, technology, healthcare, public utility or any other industry. Organizations continue to invest in search of the ideal – business excellence! On the journey to enhancing … Read more

Project Management for Solar Projects This decade has seen a significant rise in the adoption of renewable energy. The opportunities in solar have significantly increased. Alongside, the technological advancement has made the generation of solar power accessible and affordable than it was earlier. In this scenario, businesses have pumped much money to exploit this great … Read more

In my previous blog, I shared my views about how organizations could enable the adoption of EPC Project Management through a compelling mechanism of “templatization.” Yes, templatization does offer significant benefits in your organizational project management maturity journey. Does it offer enough incentive for construction project professionals to embrace it?Well, maybe not! What is stopping … Read more

As a discipline, project management has evolved significantly over the last couple of decades, thanks to the standards, methodologies, research, case studies, best practices, and software solutions. Organizations have invested in improving systems, processes, and tools for enabling project management. The adoption of project management ‘in spirit’ is far from satisfactory. A majority of professionals … Read more

In today’s professional world, is it possible to imagine a day at work without a meeting? If you are a project manager, could you visualize a day without meetings? Most probably, the answer, in either case, would be a ‘no’! Not exciting enough?  I hear you. How about a project manager managing two projects simultaneously … Read more

Project and Program Management is about executing initiatives flawlessly. Governance is about ensuring that the right projects and programs are delivered right. Depending on the organizational maturity, one would expect structures, processes, and tools in place to manage projects, programs, and portfolios. Structures include committees, boards, and teams along with relevant hierarchy to facilitate appropriate … Read more

Imagine a project that your enterprise is executing for an external customer. The contract has a combination of payment terms with some deliverables being fixed price, some being time & material. On top of it, projects have specific milestones that trigger these payments from the customer. Now let us add another dimension here. Irrespective of … Read more