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Title and Example of Stakeholder Engagement Assessment Matrix

Stakeholder Engagement Assessment Matrix: Uses & Example

Managing the involvement of stakeholders is one of the most challenging yet important tasks of a project manager. However, there tools and techniques such as the stakeholder engagement matrix that facilitate and improve a project’s stakeholder management significantly. The Stakeholder Engagement Assessment Matrix is a simple yet powerful project management technique to document desired and …

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Agile release planning - title

Agile Release Planning in Hybrid and Agile Projects

When you are working in an agile project or aim to use agile methods, agile release planning can be a critical technique for IT- and product-centric projects. Agile release planning is listed as a scheduling technique in the PMBOK (PMI’s Project Management Body of Knowledge). It is therefore also relevant for the Project Management Professional …

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Definitive Estimate vs. Rough Order of Magnitude (ROM) Title

Definitive Estimate vs. ROM/Rough Order of Magnitude (+ Calculator)

When the cost of projects (or parts of a project) is estimated, the accuracy of these estimates depends on various factors. These include but are not limited to the availability and quality of information and the estimation technique used. The available options and data to estimate costs typically vary among the phases of a project. …

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Title Project Schedule Network Diagram

Project Schedule Network Diagram: Definition | Uses | Example

When you need to schedule the activities of a project you might want to consider using a project schedule network diagram. This is a proven technique for determining and documenting the sequence of activities taking interdependencies among them into account. It is also suggested by the Project Management Institute’s framework (PMBOK®, 6th ed., ch. 6.3.3.1). What …

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Precedence Diagramming Method - Title incl. example image

PDM – Precedence Diagramming Method [FS, FF, SS, SF] (+ Example)

When you determine the sequence of activities in a project you need to pay attention to dependencies between these activities. Some activities might require predecessor or successor activities to be completed or started before they can be started or completed themselves. According to the Guide to the Project Management Body of Knowledge (PMBOK®, 6th ed., ch. …

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How Project Management Software Improves Productivity

The success of a business project relies heavily on a number of factors: individual and collective expertise of the team members, budget, resources, communication, and productivity among other things. Productivity, however, is becoming a serious concern for many project-based firms. According to a recent productivity survey by VoucherCloud that interviewed nearly 2,000 employees, the average …

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Estimating Activity Durations: Definition, Methods, Practical Uses

Before you begin developing the schedule of a project, you need to know the expected durations of all activities of a project. Project management frameworks such as the PMI’s PMBOK contain different tools and techniques for estimating durations. The expected amount of time for the completion of an activity is the basis for developing the …

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Title_Bottom-Up-Estimating

Bottom-Up Estimating – Definition, Example, Pros & Cons

Bottom-up estimating is a technique that involves estimations on a granular level for parts of a project. These are then aggregated to a total estimate for the entire project. It is often referred to as one of the most accurate ways of estimating. Estimating cost, duration or resource requirements of a project typically starts with …

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