project management services

Risk Management Versus Crisis Management Explained

Face it, there’s always the possibility that your project will encounter a problem. A key vendor may be late in delivering a key piece of equipment, or your craft labor supplier may get tied up on another job, setting your activity timeline back unexpectedly. Achieving success in spite of the challenges isn’t so much about what sort of difficulties your team encounters—it’s about how you deal with those problems. Your response will either enable you to overcome the situation and continue driving the project to a timely completion, or it will cause you to fall behind, cut back on quality, or increase expenditures as you scramble to stay on track.

Project Risk Management Done Right

A strong project management methodology needs to encompass more than developing a timeline and scheduling individual tasks. The effort must also include a risk management function with an eye toward where and how potential issues might impact the project.

3 Tips to Master New Types of Projects

Most project teams have a standard repertoire of projects they execute on a regular basis. With a few variations here and there, your routine may consistent mostly of developing new software or retooling manufacturing processes. But companies occasionally encounter firsts—bringing their debut product to market, for example, or adding a function they haven’t supported before.

Project Management: When Time Really is Money

Time is an important component in every project. From scheduling sought-after craft labor resources to meeting key task deadlines, PMs must remain focused on time throughout the effort. But some projects are more time-sensitive than others. If your team is working on initiatives that require tight timeframes or have fixed completion dates, keep these helpful strategies.

What Can An Integrated Project Plan Do For You?

When multiple sub-teams and cross-functional groups are working on the same project, there is a risk of disparate project plans popping up. These are typically fractured and incomplete, and they create all sorts of trouble for PMs and the organization’s leadership. One key to project success is avoiding this proliferation of different plans and schedules, particularly when executing large, complex, or high-visibility initiatives that are strategically important to the company.

Project Ignorance Is Not Bliss | PMAlliance Project Management Blog

In the early phases of project planning, there are many things the Project Team doesn’t know. But as the process gets underway, the team needs to make it their mission to ensure they get the information they need to understand where risks exist, to determine the most efficient and effective scope and timeline, and to make the best decisions as they move forward. If the data being used by the Project Team is incomplete or inaccurate, the project could go over budget or even fail to achieve its goals.

Protect Your Project’s Task Chain

Every project is comprised of a number of individual tasks. Some tasks can and should be executed simultaneously, and at other times one task must be completed before the next activity can begin. Unfortunately, there’s a lot that can go wrong with these task chains, and the potential for problems grows along with the scope and complexity of the project. For example, the Project Team might not realize that one delayed task doesn’t just impact one other activity, it actually affects the execution plan for many other tasks that are scheduled to happen later in the project.

Why Power Plant Projects Need Real-Time Status Updates

Information is one of the core pillars underpinning every successful project. With the evolution of technology and more compute power available than ever before, there’s little reason centers of excellence should continue to rely on data that may be days or even weeks old when it comes to identifying potential issues, forecasting activity schedules, making strategic decisions, and pouncing on opportunities in the marketplace.

Supply Chain Challenges Continue To Evolve | PMAlliance Project Management Blog

Several factors can create challenges for manufacturing project teams. For example, among the many concerns for PMs today are unexpected supply chain issues related to ramping up after a prolonged downturn. It can be tremendously difficult to juggle increased manufacturing needs—often with time pressures as primary drivers—against potentially decreased bandwidth across suppliers and producers.

New Facility Startup Projects Rely On Cross -Functional Teams| PMAlliance Project Management Blog

The right team structure gives an organization the sturdy foundation it needs to achieve the best project results possible. But when it comes to new facility startup initiatives, success depends even more heavily on a strong and productive cross-functional group dynamic.