Project planning is a phase of the project management process, through which scopes, goals, timelines, resources, and costs are specified. It is an essential aspect of the lifecycle of a product and is directly linked to the success of any project. It is applicable and useful for a variety of business processes, regardless of their […]

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Change is a familiar concept for most businesses today. To keep up with the pace of innovation, organizations should be able to change their direction (strategy, operations, processes, etc.) fast. If you’ve already tried making a change in your company, though, you’ve probably noticed it’s not that easy. In fact, over 70% of all change […]

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SWOT Analysis is a business tool/technique used as a part of a marketing plan and overall business strategy. It is used to provide a close assessment of the company’s efficiency in dealing with its internal and external factors, ultimately aiding in improving or deteriorating the organization. Created in the mid-20th century by Albert Humphrey, a […]

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The Ansoff Matrix, also known as the Ansoff product/market Growth Matrix, is a strategic planning tool used to analyze and generate four alternative directions for the strategic development of a business or corporation. In a nutshell, it helps executives, managers, and marketers with business management by analyzing strategic options for further growth while considering the […]

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John Kotter is a change management guru, and his eight-step change model provides a guide for transformational leadership. His book, Leading Change is considered as one of the twenty-five most influential books on business management ever to be published. Kotter’s 8-step change model is explained in detail in this work, but we’ll boil it down […]

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When you embark on a project, you plan to succeed, but few projects are without their problems. Critical Chain Project Management (CCPM) was added to the Project Management Body of Knowledge (PMBOK) in 1996, and it aims to do away with frequently-encountered issues that can lead to a poorly performing or failed project. CCPM methods […]

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In today’s business world, change is a given. Agile businesses that can adapt to changing circumstances and continuously improve their processes gain an edge over their competition. But deciding what needs to change and how it should change is just the beginning. One of the hardest parts of change management is the people element. The ADKAR […]

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Change: it’s meant to be positive. Your intention is to make things better, easier, and to fast-track the route to success. Why, then, do you encounter so much resistance to change? Sometimes, your hard-working employees end up being the #1 obstacle to the entire initiative. Bridges’ transition model helps with the people-aspect of change management: […]

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The executive summary also referred to as management summary (an older term), is a short document that accompanies a larger document such as a business plan proposal, or a growth strategy plan. Usually, it summarizes the key points of a business plan or project report.  It helps the reader get all the necessary knowledge without […]

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A friend once said that the critical path method is used because “Whatever you do, something else has to happen first.” That’s a trifle overly simplistic, but it’s a good starting point for an introduction to the critical path method. Here, we’ll take a rather more in-depth look at this methodology. Don’t be put off […]

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