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| Project Management Companion May 2021 Newsletter |
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Welcome to our Mayl 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 the importance of feasibility studies in project management and the contract lifecycle. We hope you find these or any other of our many 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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Project foundation built on feasibility study |
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Feasibility statements are a great way to build a project
foundation, within several steps an understanding of the project can be
achieved, setting the project manager on a path of success. Using some of the
best practices and with available templates the path to successful delivery is
clearer. Simply put, a feasibility study is an assessment of practicality of
proposed plan or method.
The feasibility study will assist in determining if the technology
for example can do as proposed. Does the project have the people, tools
and resources necessary? Will it also achieve return on investment?
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| Contract lifecycle and project management |
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| Being responsible
for managing a project is complex enough, then add contract management and the
situation can become overwhelming, especially when contracts are not aligned as
expected and issues arise, taking away from the project managers primary goal
which is delivery. Companies employ contract managers to
manage this often-complicated process.
While not every organization has a
contract manager, everyone who is leading a project that employ’s vendors and
contractors need to understand what is involved.
Contract management
is the process of managing contracts. This includes deliverables, deadlines,
and the terms and conditions of the contract. It’s not merely facilitating the
contract process; it also includes managing customers and their satisfaction. |
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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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