EduMind Inc

A project manager in-charge of executing a project works in unison with a set of team members. The project manager does not and cannot work alone. In such a scenario, the project manager needs a variety of interpersonal skills to be compatible with people and also achieve results. The various interpersonal skills that a project manager needs as mentioned in the Project Management Body of Knowledge (PMBOK Guide) are as follows. Table of Contents 1. Leadership 2. Team Building 3. Motivation 4. Communication 5. Decision Making 6. Political Awareness 7. Cultural Awareness ...

Colocation is the concept of placing all the resources of a project team in a single physical location, so that the project can be completed in a good way. Colocated teams helps to improve communication, productivity, and team relationships. Colocation can be temporary for a certain important duration or for a longer or extended time or can be permanent. Normally when a team works together for a project in a single or easily interactable location, i.e. a single location or the War Room, both the productivity and the time can be managed easily. This idea makes the  Team with different skillsets organizedly work together to share their expertise, work, and produce new products or execute projects. Some resources are coordinating together until   the project is completed. Other teams work together for a selected period of time. So rather than talking in terms of how many hours of work, the teams spends with each other, the focus must be on how much work ac...

"The more informative your advertising, the more persuasive it will be."- David Ogilvy Creativity without strategy is called 'art.' Creative with strategy is called 'advertising.' - Jef I. Richards A company may need a lot of raw materials and goods to manufacture their product. A procurement manager is in-charge of getting all the items that a company needs. The procurement may not only be in the form of goods but also in the form of property or any license. There may be several methods for procuring a product or raw material. Advertising is one of the methods. In general, advertising is the placing of an enticing description of your need or product in a newspaper, TV channel, radio, or even in a billboard. Online advertising is also very prevalent these days. Advertising is mostly paid. The idea of advertising is to reach the maximum audience who are relevant to the business. Not all procurements will need advertising. You may al...

"The first rule of any technology used in a business is that automation applied to an efficient operation will magnify the efficiency. The second is that automation applied to an inefficient operation will magnify the inefficiency." - Bill Gates "Efficiency is doing things right; effectiveness is doing the right things." - Peter Drucker The term "efficiency" gained popularity in the late 1800s and early 1900s. The Time and Motion Study was used to find ways of improving efficiency at work. Time and motion study help in reducing and controlling costs, improving working conditions, and motivating people. The Time study was developed by Frederick Taylor. The Motion study was developed by Lillian Gilbreth and her husband Frank Gilbreth. It is interesting to note that Lillian Gilbreth is known as the first woman engineer and also as the mother of modern management. The Time study involves the continuous observation of the task with a timekeeping...

"Only buy something that you'd be perfectly happy to hold if the market shut down for 10 years."- Warren Buffett "All models are wrong but some of them are useful" - George Box (Statistician) Make-or-Buy decisions happen when the company is going in for a new product line, or is running short of suppliers, or the capacity to produce is running down. The goal maybe to reach a global benchmark in product quality. So, make-or-buy analysis is made about whether internal production or external buying will help the company reach the goal. Manufacturing companies are very often encountered with a make-or-buy dilemma, but the same holds good for companies handling soft technologies such as software and customer service too. The Make-or-Buy analysis is performed at two levels:  - Strategic  - Operational The strategic angle is more long-term and broader than the operational angle. Factors such as competition, government regulations, core com...

"Project Success is in the delivery of a Project Output that meets Clients expectation with Maximized Efforts" "Victory is ensured for well-matched project management methodology and the right type of Project" A Project is a collection of activities like planning, executing, implementing and monitoring for an expected outcome. Project Managers who handle all the various activities to provide the clients' required output is called Project Management. Project Managers plan, assign, execute, monitor and document the various stages and are responsible for making sure that all this is done without any hindrance. While they are managing a project there are a lot of methodologies that can be used. Here are some popular and not popular methodologies that Project Managers can use in their business practices. Project Methodologies Project Management practices has a few common project management methodologies which is known in the business circles. ...

"Peace is not absence of conflict, it is the ability to handle conflict by peaceful means" "Be quick to resolve conflicts before they mature to become wars. The energetic crocodile was once a delicate egg!" - Israelmore Ayivor, The Great Hand Book of Quotes Conflict may be defined as a difference of opinions and actions that prevent smooth functioning of a project. Conflict may occur due to a lot of reasons. We human beings are not similar to each other, and just as our fingerprints are unique our thoughts and actions are also unique and different. These differences can lead to conflict. Table of Contents 1. Insufficient Resources 2. Differing Priorities 3. Different Working Styles 4. Methods and Techniques to Reduce Conflict 1. Insufficient Resources: Sometimes the cause of conflict may be du...