The failure to identify when to use risk management is one of the issues that is faced by managers. If an issue is not identified early enough in the process, the impacts can snowball downstream and a...

It has been a repeated theme in Dr. Simon's lectures that a PM, especially for the medical device industry, may not have all the necessary safeguards and information for a product. This is because pro...

In the event of sudden emergencies, where a teammate is suddenly absent and their work need to be don’t in a timely manner; the other member would have to member will have to split the work. The point...

I believe that if the team member decides after the Planning phase to take a vacation, that he/she would require approval from the project manager. In my office we have "Time Away forms" where we sele...

It's ideally not possible to have a well experienced team members in a project. So PM must plan wisely such that he could manage everything. For instance an employee can work faster but not so perfect...

A good manager must be able to gauge those who work under him and assign work to each member that he/she can manage and finish within the allotted time. Furthermore, when creating the schedule, the ma...

There are many aspects of the project that can affect the cost variable and with that in mind, projects can be designed with the risk of these dynamics considered. Money is one of the main driving fac...

This is very important in the monitoring and controlling phase because that is where the project is controlled and kept on schedule and on budget. Otherwise, many projects can become vastly over-budge...

Productivity – This metric allows project managers to assess the utilization of resources. It compares the total effort to the budgeted effort, which has a direct impact on the bottom line. Metrics is...

One point I found interesting however is psm34’s comment. I had not really considered what and how upper management deems quality or not. I don’t work in the business world, yet, but i had assumed eve...

The critical path of the project determines the project’s duration and the completion date. If the critical path is realistic, the planned value and earned value calculations will be accurate. The pla...

To figure out if they need to skimp in certain areas and spend less, or if they can spend extra they would calculate cost variance (CV = EV - AC). This would tell them where they currently stand in re...

Once proper communication is established, there is follow-up on the work that needs to be done. For example, if I am taking a vacation for a week, I would let the project manager know and delegate my ...

If someone is not at work, everyone knows one pony doesn't stop the show so you can call their supervisor for information or call their listed backup. Usually, this person is competent in the needed a...

Project plans are absolutely living documents that will be updated throughout the course of the project. One way to mitigate the issues you bring up is to have a solid project risk management process....