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| Project Management Companion February 2021 Newsletter |
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Welcome to our February 2021 newsletter, as a valued subscriber, the team at PMC would like to keep you up-to-date with all the latest project management information. We encourage direct contact, so if you have a particular project management interest, we would be more than happy to oblige by investigating it for you and providing feedback.
Please find this months most popular posts, focusing on milestones and what exactly are they, and project portfolio explained. We hope you find these or any other posts found on our website of interest. We look forward to your feedback.
All the very best on your project management journey
The team from Project Management Companion. |
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MILESTONES IN PROJECT MANAGEMENT – WHAT ARE THEY?
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A project milestone is a point that has important significance in relation to delivery of a particular aspect of the project or financial payment. This is delineated in a point in the project schedule so it is evident to the project team, stakeholders and management. These points can note the start and finish of a project, and mark the completion of a major phase of work. Milestones can be used to symbolize anything that has started or finished, though it’s primarily used as a scheduling tool.
A milestone focuses on major progress points within a project, which is useful in scheduling. Just as tasks break a larger project into manageable parts, milestones break off components of a project to make it less daunting.
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PROJECT PORTFOLIO EXPLAINED
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Project portfolio management lets managers leverage and optimize investments and initiatives across multiple projects to better achieve the overall goals and objectives of an organization. Finding synergies within a portfolio and acting upon them can seem daunting at first. Project portfolio management requires a balance of time, skill, budgeting and risk mitigation, but when pulled off successfully, can reap massive rewards for an organization.
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| | Enter the Project Management Companion Video VAULT for up to the minute news, reviews and advice from Project Management professionals like you from around the world. Watch insights from proven project management professionals, who can assist you in keeping up to date with new and innovative ways to manage projects. |
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| | | If your chosen career path is of a project manager then it is imperative to be certified, obtain the necessary skills via qualified instructors in their field and achieve the credentials which will benefit your professional development. Online courses offer the opportunity to study at your own pace, while still working or progressing with other activities, get qualified in fundamentals, PMP, software and much more. |
| | Take your complex projects and make them simple for people on your team by using these intuitive collaborative Project Management software tools. The Project Management Companion team has used each of these online tools and they have proven to be effective and useful when running projects, we cannot separate them so the choice is yours.
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