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Project planning & reporting best practices #1 Principles of planning the project scope, time and cost

Project planning & reporting best practices #3 Top 101 Project Risks to avoid in your project

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Project Management Articles

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PROJECT MANAGEMENT IN PRACTICE

 

 

 

Have you ever faced the situation when you’ve wondered why this event happened? Why haven’t you avoided the situation? Why haven’t you thought it might impact your project before? As the best cure for undesired events is prevention, rather than resolving them, I present below the top 100 project risks that is very likely to affect project’s time, cost, scope or other constraints.


The purpose of the list below is to take a risk management approach within your projects. Evaluate the context, do a Project Risk Assessment, implement risk treatment measures and continuously perform monitoring and review.

According to a worldwide study, conducted by E&Y on 365 megaprojects, 64% are facing cost overruns and 73% are reporting schedule delays. The study showed that most of the projects were delayed and faced cost overruns when measured against the initial baseline.

Main factors identified during the project development phase were:
          - Inadequate planning — overly aggressive forecast;
          - Aggressive estimates and optimism bias.
 

These articles show the use of project management in practice. Studying real-life situations will help you see how theory and practice work together to solve project management issues. 

Ecostar Plan has a proven experience in providing solutions to a broad range of markets. Our project management case studies cover a wide variety of needs across a number of industries. 

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Project planning & reporting best practices #2 - Golden Rules of updating and reporting projects

You’ve finished the Project Plan and you have the baseline approval. Hopefully the project didn’t start already. If so, it is time to collect progress accordingly and prepare the reports. The golden rules below present the main steps in collecting project progress data and preparing reports for management:
 

  1. Know what, how and from where to update

  2. Choosing the reporting software

  3. Define the reporting interval

  4. Collecting the progress and forecast data

  5. Updating actual progress and forecasting schedule

  6. Analyzing the progress report

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