By definition, training is the process of increasing the knowledge and skills of the workforce to enable them to perform their jobs effectively. (1) Training investment assures we create the conditions for the increase.
Training boosts a feeling of value in employees. It shows that you’re committed to providing them…
A result indicator is a metric that measures the quantitative results of business actions to help companies track progress and reach organizational goals.
Result Indicators offer an overview of past performance, help corporate management unify information on a company or department’s performance, and provide insight into what steps leaders should…
The product owner is the person accountable for maximizing the value of the product resulting from the work of the Scrum Team. How this is done may vary widely across organizations. The Product Owner is one person, not a committee. He may represent the needs of many stakeholders in the…
By definition, customer requirements are particular characteristics and specifications of a good or service as determined by a customer. (1) The success of every company is dependent on its ability to create products and services that address unmet customer needs. (4)
Requirements analysis is critical to the success or failure…
By definition, project planning is a procedural step in project management, where required documentation is created to ensure successful project completion. (1)
Planning may not be the most enjoyable component of managing projects, but it is the most vital part of reducing risk and failure rates. Project planning plays an…
By definition, best practices are an optimal way currently recognized by the industry to achieve a stated goal or objective. (1) In Project Management, the best practice is the practices aligned with the worldwide standards for Project Management, for example, the PMBOK® (Project Management Body of Knowledge) Guide.
No best…
By definition, finance training is the process of extending and improving the skills and knowledge of people to improve job performance in the finance area. (1)
For any organization, it is crucial to understand the nuances of finances as the core business goal of any organization is to generate profit…
By definition, a strategic overview allows a high-level perception of where the company is heading. Strategy is all about integrating activities and utilizing and allocating scarce resources within the organizational environment to meet the present objectives. The lack of a strategic overview will rightfully impact everything. (1)
If organizations fail…
By definition, standardization is developing, promoting standards-based, and compatible technologies and processes within a given industry. (1) When we talk about technological standardization, we focus on the normalization of the technologies adopted by organizations.
You may not even be aware of it, but we use standards every day — all…
By definition, Schedule slippage is a delay in project performance that leads to non-meeting of the initially estimated due date of the project completion. (1)
Experience tells us that schedule overrun is a common occurrence. (2) Slippage may occur when the activities' initiation on the planned start dates is delayed…
