RICE Scoring & Framework Explained
In this article, we’ll define the RICE model and what it stands for. We’ll also explain how RICE scores work, plus the benefits and challenges of using this framework. Keep reading to discover how to strategically apply this method to project management. What is the RICE model? RICE stands for reach, impact, confidence, and effort. The RICE
What is Quality Assurance (QA) in Project Management?
Quality assurance (QA) is one of the final and most important steps of any product roadmap. Used in a variety of industries, including software development and construction, quality assurance verifies that a product or service is of the highest quality, which is an integral process for any company. In this article, we’ll explain the basic
Understanding Dependencies in Project Management
In project management, identifying and handling a variety of dependencies is one of the most important tasks team leaders will manage. The challenge is that dependencies in project management are often complex. There are different types of dependencies that need to be considered in different project phases. In this article, we’ll dive deep into project
A Step-by-Step Guide to Using a Punch List
Got a never-ending list of project tasks to complete? A punch list can help. This project management tool is frequently used by construction managers, but it can help teams in any industry manage both old and new tasks that need to be revisited or monitored. In this article, we’ll explain what a punch list is in
Cycle Time vs. Lead Time: Everything You Should Know
Lead time and cycle time are often confused with one another. Both cycle and lead time are important time metrics in manufacturing, but they’re also important strategic tools for project management. Project managers and team leaders need to fully understand their differences and similarities to harness their power. In this article, we’ll go over cycle time
What Are KISS Principles in Project Management?
Think about the last time you had a “Eureka!” moment. Was it because you discovered something sophisticated, complex, and hard to understand — with all sorts of bells and whistles along the way? Probably not. More likely, your last lightbulb moment made you slap your forehead and say, “Why didn’t I think of that before?” Our
What is the Difference Between Project and Portfolio Management?
PM, PPM, PgM. What is the difference between portfolio management and project management, exactly? And where does program management fit in? Here's a quick explanation of each in plain English to help you distinguish the differences. What is Portfolio Management? A portfolio is a high-level view of all the projects an organization is running in order to
20 Questions for Project Governance Success (Infographic)
Whether you manage projects, programs, portfolios, project management offices (PMOs), or centers of excellence, you want to do all you can to ensure your projects are successful. You need not only good, but great project governance, which encompasses all of the processes, activities, and checks and balances necessary to ensure successful projects, programs, and portfolios. Check
What Is a Gantt Chart for Project Management? (Infographic)
Today, Gantt charts are a staple tool in project management software. They show up in project binders, on boardroom walls, and in project management plans — all because they are able to visually convey what would take paragraphs of boring text. But who invented them? What makes them beneficial for project planning? And what are
What Is a Deal Desk?
Imagine a high-value, non-standard deal shaking its way through your sales pipeline. Many stakeholders are involved — sales, operations, legal, and finance. You’re chasing stakeholders for approvals and sign-offs, and you run into lengthy negotiations. Suddenly the deal slows, making the client unsatisfied, or worse, the deal doesn’t end up closing at all. How do you
The Ultimate Guide to Project Management for Accountants
Welcome to the modern financial professional’s guide to project management for accountants. In this article, we’ll go in-depth into the benefits of using project management methods for every aspect of project-based accounting. We’ll also teach you what the challenges are and how to choose the best tool for your team. Why is project management for accountants
