You can easily grasp the difference between project, program, and portfolio by looking at their definitions and understanding the main keywords. A project is a temporary endeavor undertaken to create a unique product, service, or result. A program comprises of related projects that are managed in a coordinated manner to obtain benefits, which are not…
I have written this article to provide complete details of project dependencies. It discusses all aspects of dependencies in project management including definition, meaning, and description. It also includes explanatory diagrams and small examples. You will also find difference between project dependencies, assumptions, constraints, and risks in this article. Project Dependencies – Definition & Meaning…
You might want to understand what project constraints are and how are they different from assumptions, dependencies and risks. A project constraint is any factor that hinders or restricts the options of the project team. There are six primary constraints in project Management viz. Scope, Time (Schedule), Cost (Budget), Quality, Resources, and Risk. Out of…
Project Assumption is a factor in planning process that is considered to be true, real or certain often without any proof or demonstration. It simply means that some things are supposed to be true. Human beings are presumptuous and work on suppositions. Sometimes these suppositions come out to be true while at other times they…
Do you thinks competitors are project stakeholders? Some say that’s obvious! They are Negative Project Stakeholders. They assert that, according to the PMBOK Guide, Competitors are not Project Stakeholders. Many PMP books state the same thing. But is it really true? Let me answer this question with some examples. Organizational Competitors vs. Project Stakeholders Since…
When you think about project funding, you would think about Project Sponsor Role. So what is the role of Customer? Doesn’t Customer provide funds for the project? Is Project Sponsor same as Customer? I am often asked these kind of questions during PMP and other project management training workshops. Let us look at the definition…
Project Charter Definition, Meaning and Purpose A few years ago, I got an assignment to setup PMO for a small software services company. After understanding their business and organization structure, I advised them to start creating Project Charter (PC) for every project. I provided a brief overview of PC to the main stakeholders and gave…
