Are you building the right thing? And are you building it right? These two questions, coined by Barry Boehm, encapsulate the essence of independent verification and validation (IV&V).
Every business project is unique and so is its scope. Project management is a challenging process to learn, and project scope is likely the part that confuses managers the most. Compared to laying out the scope, crafting a project charter or laying out your timeline is more straightforward. However, failing to devote sufficient time and effort to define the deliverables of a project and its scope is a mistake. At Invensis Learning, Lucy Brown shares an article on how to validate the scope and its process in a project.
TrueProject incorporates a wide array of built-in procedures, KPIs, and best practices for independent verification and validation.
View this informative webinar on Independent Verification and Validation.
TrueProject incorporates a wide array of built-in procedures, KPIs, and best practices for independent verification and validation.
View this informative webinar on Independent Verification and Validation.
TrueProject incorporates a wide array of built-in procedures, KPIs, and best practices for independent verification and validation.
View this informative webinar on Independent Verification and Validation.
Companies have begun to decentralize project operations into smaller tasks known as deliverables. They are the specific output of a more significant project accomplished by an individual or a team. Deliverables can be tangible, intangible, internal, external, one-step, or multi-step driven, depending on the type of project. So, it is essential for business leaders to have a clear understanding of these deliverables. It will put you in a better position to implement and optimize the deliverables when required.
Thanks to the new generation of workers reimagining how PPM is applied, project portfolio thinking is now experiencing a transition. If you are not acquainted, PPM is different from project management. It entails the collective management of an entire portfolio of projects rather than taking on a single project. PPM managers decide the projects to take on, their timelines, profitability, and priority, and the best approach to assign resources to accomplish them.
Most businesses must reassess whether their project methodologies can successfully and efficiently achieve new business goals and lower risks. Recent external forces like COVID-19 and industry disruptions brought digital evolution that has changed company goals and priorities. An effective project manager must have more than technical know-how to keep projects and teams on track. A combination of technical and soft skills goes a long way in fostering exemplary leadership qualities.