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Portfolio Project Management (PPM) is a comprehensive approach that organizations employ to strategically oversee and coordinate a collection of projects, aligning them with overarching business goals. PPM goes beyond managing individual projects, aiming to optimize the entire project portfolio for ...
Many organizations have identified a need to formalize the practice of project management and develop centers of coordination and excellence for project management. What is Program Management Office? The Program Management Office is a guide to satisfying this need for improved coordination, standa...
Risk is defined by the PMI as an "uncertain event or circumstance, and if it occurs, there is a positive or negative impact on the project objectives." These events include unforeseen circumstances, situations, and threats that affect the project's progress in the desired manner. If you go back to ...
Project management principles are fundamental guidelines that govern the successful execution of projects from initiation to completion. These principles provide a framework for effectively managing resources, timelines, and stakeholders to achieve project objectives. Adhering to Project Management ...
What is Brainstorming? Brainstorming is a technique used to generate creative ideas and solutions to problems. It involves a group of people coming together to discuss and share their ideas in a non-judgmental and open-minded environment. During a brainstorming session, participants are encouraged...
The Portfolio, Program and Project Management Maturity Model (P3M3), is a model created by Axelos which provides a framework that organizations can use to benchmark their current practice against best practices and competitors and plan for improvement when managing and delivering change. There are t...
Organizations, especially which manage and run multiple projects, need to control these projects and ensure their success. This was the reason for establishing what so-called Project Management Office (PMO). With an increasing number of projects, PMO comes as a vital tool to handle all these projec...
People usually think of exam preparation as a tiring and stressful process. Some people may take more than 6 months to prepare for the exam, but in the end, unfortunately, they do not pass it. Of course, they have done something wrong while preparing for the exam that caused their failure. There are...
What are vision and mission? Vision and mission are things that every organization should have. The concept of vision and mission describes and defines the main work scope of the organization. The vision statement and mission statement are often confused, and many companies use the terms interchang...
Remote working is a trend that isn’t going to slow down any time soon, especially in light of the modern ever-changing world. Since technology has been an enabler in workplaces, employers are now empowered to hire and manage a workforce that is no longer confined to brick-and-mortar offices. B...