Posted by: @devarshi-joshi If we talk about planning phase in a project of medical devices, according to me one of the important aspect is to find out user needs. Sometimes user needs are bit vague and ambigious but that is…   Read more»

Posted by: @krp76 During the planning phase of a project estimations play a critical role. For medical device projects the cost estimation is not always straightforward as discussed in the lectures. Another estimation that can be misleading is the task…   Read more»

Posted by: @mejefferson During the planning phase of project management, both time and money are crucial. Timewise, the longer your product takes to develop, the more money you will have to seek from investors yet your product will have a…   Read more»

Posted by: @tn58 Hi Guys, So I know we all have been posting discussion questions regarding simulations and all the lectures each week. However, I wanted to get your input on what you think so far about this course? My…   Read more»

By implementing a risk management plan and considering the various potential risks or events before they occur. This ability to understand and control risk enables organizations to be more confident in their business decisions. Furthermore, strong corporate governance principles that…   Read more»

Why wouldn’t we keep a record of what we have done on a project? It would have no merit and it would be all for nothing. Keeping accounts of what went on during the project not only helps reproduce results,…   Read more»

There are many factors that contribute to the success of a project. The five factors mentioned above consisting of agreeing on project goals, effective communication, developing clearly defined plans with assigned responsibilities, managing project scope, and making sure of management…   Read more»

Keeping detailed accounts of work completed and how it is completed is important for the continuity of projects, in addition to holding extreme value in the monitoring, controlling, and closure phases of a project. Detailed record keeping should be done…   Read more»

Posted by: @devarshi-joshi According to me the most important 5 success factors are:1)Agreeing on the project goals2)Effective Communication3)Develop clearly defined plans with assigned responsibilities.4)Managing project scope effectively.5)Making sure of management support. So how are these factors individually important for a…   Read more»

Posted by: @naglaa-hemida Project cost is a critical aspect of the project, first, the cost plan is the most important part for investors to make sure they are going to make a profit at the end of the project. It…   Read more»

There can be many reasons as to why a project can fail ranging from unclear goals, shifting goals, lack of communication, poorly defined project scope, lack of risk management, lack of follow up, and poor timing.  All of the aforementioned…   Read more»

Posted by: @ap962 The end of the Monitoring and Controlling Phase is marked by the Closing Phase. What are steps that need to be followed to ensure that phase is carried out effectively? Since the monitoring and controlling phase is…   Read more»

What are some methods that a project manager can develop in order to properly account for employees underestimating task duration? According to PMBOK Guide: “When an activity’s duration cannot be estimated with confidence, the task is decomposed into more detail.”…   Read more»

Posted by: @aasutosh-purohit we know that in Project scheduling or task scheduling, the following are the steps needed:Defining Activities, doing proper Estimates, determining Dependencies and assigning Resources. According to you guys, are there any other factors that need to be…   Read more»

There are quite a few methods that a project manager can develop in order to assist employees to  complete tasks in timely manner. Depending on the project, doing research on previous related projects is one thing that can be used…   Read more»

Posted by: @ryanrattazzi In the lecture slides this week, we learned about all things risk management. Starting in the planning phase, a part of DDP is to do risk analysis to determine the probability some undesired consequence will occur in…   Read more»

Project failure can even begin from the initiation phase. What if the sponsor runs out of money or wants to redirect the project? What if stakeholders that are involved back out? During the testing phase of a project, one is…   Read more»

Agree on the project goals. Make sure there is agreement with management, project sponsors, and other stakeholders on the purpose and goals of the project. Clear measurable goals will help define the project scope. Develop clearly defined plans with assigned responsibilities…   Read more»

Posted by: @zcornelius21 What are the advantages of grouping projects under a program? There are several advantage to this arrangement. One benefit is easier management. When you think about the program you can view it as an algorithm and the…   Read more»