Contributions for August Issue of The Best Practice Magazine
Submit your article about (MBR) Managing Business Resilience - (RSK) Risk and opportunity management, (IRP) Incident Resolution & Prevention, (CONT) Continuity for next month's issue of The Demix Best Practice Magazine.
(PMW) Planning and Managing Work - (EST) Estimating, - (PLAN) Planning, - (MC) Monitor and Control
Intent Estimate the size, effort, duration and cost of the work and resources needed to develop, acquire, or deliver the solution.
Value Estimation provides a basis for making commitments, planning and reducing uncertainty, which allows for early corrective actions and increases the likelihood of meeting objectives.
Intent Develop plans to describe what is needed to accomplish the work within the standards and constraints of the organization, including the: *Budget *Schedule *Resource demand, capacity and availability *Quality *Functionality requirements *Risks and opportunities
Plans also describe: *The work performed *Applicable organizational set of standard processes, assets and tailoring guidelines *Dependencies *Who performs the work *Relationship with other plans *Stakeholders and their role
Value Optimizes cost, functionality and quality to increase the likelihood of meeting objectives. Additional Required PA Information
MC Monitor and Control
Intent Provide an understanding of the project progress so appropriate corrective actions can be taken when performance deviates significantly from plans.
Value Increases the probability of meeting objectives by taking early actions to adjust for significant performance deviations.
The world of project management is vast. It covers many industries and requires a range of skills. But the common thread tying this diverse discipline together are the techniques that project managers use to get the job done.
Project management techniques make planning and managing projects easier and more effective. They can be applied to any project, regardless of the field or industry. And used in tandem with project management software, they help save time and reduce costs.
There are many project management techniques to choose from. Here are five of the best that every project manager should know in order to control their projects and steer them to successful ends.
Monitoring and control techniques can be split in to three areas: project plan monitoring, project budget monitoring, monitoring through regular status and/or stage reporting and monitoring carried at different levels by the project team. This guide gives an overview of each area and describes key project monitoring techniques. Monitoring and control techniques are defined in the Project Initiation Document (PID). Read an overview of the PID, guidance on completion of the monitoring section of the PID.
Change control is a crucial aspect of project management, taking into account the way technology is advancing and the pace at which change is required in organizations. During a project's lifetime, there are several instances where the set course needs to be redefined as per changing needs of the project, or changes in the priorities of the functionalities, or upgradations in the initial frame of the project.
If a project on its onset looks like its functionalities and features cannot be made clear at first, project managers should consider opting for an incremental and iterative approach, like the Agile method. With this, the project will be completed with feedback and in loops of iteration, thereby providing enough time for a better understanding of its requirements.
The change control process in a project management life cycle has three responsibilities to be carried out-
As evident from the title itself, it’s a process that tracks the actual project performance with the planned project management activities. Manage, and Control process is a control function that takes place at all stages of the project - from Initiation through Closing. The key benefit of this process is that it allows the Stakeholders to understand the current state of the project, the steps taken, and budget, schedule, and scope forecasts.
Through the process of Monitor and Control, the project manager must be in a position to balance the requirements that arise from different knowledge areas. For example, the project manager can undergo situations, where a project is completed on-time, but, it has failed to meet the quality standards mentioned in the project management plan. Likewise, the project might have a significant scope, but unfortunately, it has exceeded the time and cost limit. Hence, the process of monitoring and controlling project work is considered extremely important.
In a report assessing the impact of Covid-19, the international network of consulting firms, Deloitte reports that “the pandemic is rapidly changing our behavior toward online channels.” The firm adds that this is a shift “likely to stick post pandemic.” For those running some kind of e-commerce business, in dropshipping, Fulfillment by Amazon (FBA), or warehousing, this is excellent news.
Is the forecast by firms like Deloitte that shoppers’ habits will change forever accurate? We looked in the direction of the numbers to get our answer.
In this article, we present the latest e-commerce statistics we could find. We find out how many e-commerce sites exist in 2021, the percentage of global sales that happen online, the percentage of goods purchased from China using e-commerce platforms, and other related information.