Daily Archives: April 18, 2011

Management Skills Pyramid

To be successful, there are many skills a manager needs to master. I adapted Kammy Hatnes’ pyramid structure to show the increasingly difficult management skills you must master at each level and to also display how these management skills build … Continue reading

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Better Estimates

Stakeholders don’t like suprises, especially when it comes to project costs. It’s worth taking the time to carefully estimate the business analysis phase of the project. Here are five tips. Did you like this? Share it:Tweet

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Strategies for Project Recovery

A new study shows that more than a third of projects are at risk and, not surprising, a key factor for recovering troubled projects is the actions of the project managers. Did you like this? Share it:Tweet

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Pareto’s Principle – The 80-20 Rule

In 1906, Italian economist Vilfredo Pareto created a mathematical formula to describe the unequal distribution of wealth in his country, observing that twenty percent of the people owned eighty percent of the wealth. In the late 1940s, Dr. Joseph M. … Continue reading

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What and When to Use The Project Management Tools?

Here are examples and explanations of four commonly used tools in project planning and project management, namely: Brainstorming, Fishbone Diagrams, Critical Path Analysis Flow Diagrams, and Gantt Charts. Additionally and separately see business process modelling and quality management, which contain … Continue reading

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7 Step to Monte Carlo

Applying Monte Carlo methods to risk analysis does not need to be complex, and it should not be feared or avoided. Following these seven simple steps can help ensure robust and realistic modelling, and allow you to gain the benefits … Continue reading

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