People face risks in their everyday life. In a similar manner, project teams, companies, organizations, and even projects face risks in their life cycle. Based on the risk type and circumstances, they practice methods to overcome the risks. Project risk … Read more
Productivity is very important in today’s competitive business environment. Organizations seek ways of improving their processes, reducing costs and increasing their benefits. Kaizen is a management system that aims continuous improvement within all processes of an organization. It has similarities … Read more
Fishbone diagram , also known as cause and effect diagram or Ishikawa diagram is a quality management tool that is commonly used to identify the root cause of a problem. Basically, it analyzes various possible causes of a problem with … Read more
Project procurement management is the process of purchasing or acquire the products, services, or results needed to complete the project on time and on budget. It has four steps which are planning, conducting, controlling and closing. Each step has inputs … Read more
The critical path method (CPM) is a fundamental concept in project planning and management. It is a useful technique used for scheduling project activities like PERT method. The critical path of a schedule demonstrates the activities that can not be … Read more
Fast Tracking and Crashing are schedule compression techniques which are applied during develop schedule process to shorten an already developed schedule. The purpose of using schedule compression techniques is to try to compress the schedule (shorten the project duration) without … Read more
Precedence Diagramming Method (PDM) is a visual representation technique which is used to prepare the project network diagram and determine the critical path. Unlike the arrow diagramming method , activities are presented as boxes in PDM. One of the main … Read more
Arrow diagramming method (ADM) is a network diagramming technique in which activities are represented by arrows.[1] It is also known as the Activity-On-Arrow (AOA) method. It has been used a long time to determine the critical path and identify resource … Read more
Six Sigma is a powerful problem solving and process improvement tool which is developed by a quality assurance engineer Bill Smith at Motorola in 1986. Then it was registered in 1993 as a trademark of Motorola. The CEO of General … Read more
Close Procurement vs Close Project – Procurement is the operation of planning, tendering, purchasing goods, materials and/or services from an outer source. Project procurement management is the act of acquiring resources, goods, materials, and services required to complete the project on time … Read more
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