Category: PM-Training

Agile Project Management Guide (Skills & Methodologies)

To understand the skills and tools in Agile Project Management software processes, you first need to learn about the basics. Agile project management is a type of project management that works in short iterations rather than creating one big plan in traditional project management. Because of these short cycles, there...

27 Risk Categories Examples for Project Managers

A risk category is a classification of risks based on the organization’s business activities. It gives a systematic overview of their underlying and possible risks and potential risk sources. Individual project risks can be grouped into risk categories for evaluating and responding to them. Risk can be defined as an...

Bottom-Up Estimating in Project Management

Bottom-up estimating is an essential project management technique. It is used to estimate the project cost, duration, or resources. It starts by gathering the details at the lowest level of the work breakdown structure and estimating work for each work package. The estimate of the entire project is the sum...

SWAG Estimates in Project Management

In project management, the Swag estimate is a rough estimate of the amount of work that needs to be done to complete a project. This estimate is typically made during the early stages of a project when there is still a lot of uncertainty about the scope and requirements. This...

Top 10 Best Free Project Planning Tools in 2024

Being a successful project manager requires the ability to wear many hats. From planning and budgeting to dealing with stakeholders and keeping the project on track, a lot goes into it. However, effective project planning is one of the most important aspects of a successful project manager. Planning a project can...

PERT Formula Examples & PERT Calculator

3-point estimation and the PERT formula are two methods that can be used to estimate the completion time of a project. This can be tricky to understand, so we have included several examples of PERT formulas below. Firstly… The 3-point approach uses an average calculation in which values can be expressed as:...

15 Benefits of Relationship-Building Activities

Working together towards a common goal is one of the critical factors in an organization’s success. To achieve that, having strong relationships between team members is crucial.  Relationship building can help improve communication and understanding, making working together more productive and enjoyable. There are many ways to build relationships within...

Quantitative Risk Analysis PMP Overview

Quantitative risk analysis (QRA) assists in identifying factors impacting individual projects or organizations by applying research methodologies to measure and project future conditions. This type of analysis takes the probability and impact of risks on a project or organization using numerical data, thus creating a quantitative risk assessment (QRA). In...

21 Free Capacity Planning Templates – Word, Google Docs

Capacity planning refers to the process of assessing your project’s prospective needs. The goal of planning for capacity is to guarantee that the right resources are there when needed. The word “resources” could mean people with the right skills, enough time, or money needed. As the name suggests, the process...

Top 10 Free Fishbone Diagram Templates

Virtual brainstorming is hard. It relies on people working together in sync. The team needs to be able to contribute and collaborate at the same time. The fishbone diagram is a cause-and-effect brainstorming method. It is also known as the Ishikawa diagram (named after its inventor, Japanese quality control expert...

11 Free Stakeholder Engagement Planning Templates

A Stakeholder Engagement Plan enables communication with stakeholders to get support for your project. The plan outlines the location and form of communication, contact person, and communication frequency. Companies create the plan before the project starts and update it over time as stakeholders’ needs change. All projects have stakeholders, but their involvement...

40+ Free RACI Matrix Templates (Google Sheets, Excel, PDF)

The Responsibility Assignment Matrix, also known as the RACI Matrix, is considered one of the best ways to track roles and responsibilities within a project. To save time, project managers use a RACI matrix template. It is essential for anyone in the IT profession because it creates the opportunity for...