Project Management Templates

SWOT Analysis in Project Management – Overview

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Every project is passes through the main 4 phases – Initiation, Planning, Execution and Closure. If project manager initiated effectively with focusing on the major goals and deliverable, project manager would get all the good news without frightening and unexpected outcomes. But, big question is that where to get start to hear all the good news with pride? SWOT analysis is the major stage in the initiation of Project Management. Read on to know more about the responsibility of project managed and typical questions in SWOT analysis.

Every project is different but SWOT analysis in the only thing to deal with the uncertainties.

SWOT is acronym for Strength, Weakness, Opportunities and Threats. SWOT analysis in project management is very simple and straight forward. Common questions are listed out and very relevant answers with required suggestions are collected. After collecting these, analysis takes place to help in reducing the future risk when the unexpected situation arises. SWOT analysis is not a pure way to control the whole project but, also used to spotlight the weak area and strong area which will yield a good return.

SWOT Analysis in Project Management Overview
SWOT Analysis

SWOT analysis is performed during the initial stage of project start-up phase. In the early initial stage project manager can improve the whole project with assigning and allocating the individual tasks with meeting the objectives. SWOT analysis can also be conducted between the middle of the project phase when it runs into the wrong direction with considering the budgets, needs and deliverables.

Presenting the SWOT Analysis

Before conducting the SWOT analysis, it is important to predefine the clear objectives. It is also important to convey all the stakeholders and key members of the project team regarding the agenda of SWOT analysis with vital questionnaire so that the discussions will not go off-topic. (For ready reference -check the following questionnaire).

Project manager can conduct a SWOT analysis during very early stage of project planning and during the middle of the project. During SWOT analysis session, Project manager should listen to everyone despite of their seniority. It is also the Project Manger’s responsibility to present his findings & suggestions for discussions. Project Manager make sure all the things clear-up to everyone in the session. Project manager can take the help of SWOT analysis template to record essential points before and during the discussion.

Ready Reference Questions for SWOT Analysis

Strengths:

  • Does our organization have the required expertise?
  • Is budget allocated to the project and is it sufficient to complete all the tasks?
  • What are the ultimate advantages of completing the project?
  • What kind of technology required implementing the project?
  • How experienced are the team members?

Weakness:

  • Does organization have the resources to arrange contingency funding?
  • What are the downsides of the project?
  • Is the schedule realistic and achievable?
  • If team does not have a required expertise, then what expertise to outsourced?

Opportunities:

  • What are the new trends in technologies?
  • Will project cover the weakness of competitor?
  • Will project useful in wide area of businesses?
  • Will project meet the local and global standards?

Threats:

  • How is the impact of competition in the marketplace?
  • Are team members difficult to replace?
  • Has the new technology been tested?
  • Could external conditions affect the project?

Above list of questions are for ready reference will provide a good start. According to the project type the list of questions can go longer to get important data to analysis which helps you in optimizing the work productivity, planning, decision making and implementing the activities to gain a competitive advantage.

How did you take competitive advantage during the project management and do you have questions other than above list? Share your experience by commenting below. Enjoy your positive deliverable.

Project Management from the early days to present days

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In the early history, The Great Pyramid of Giza by Egyptians and The Great Wall of China by the first emperor of China had utilized the people using some sort of thoughts and techniques make these Wonders for the world. These wonders are the projects for them. To manage the projects effectively and efficiently, many new changes and developments took place and still is going on. Click on the infographics to read it.

Project Management History to Present Days Tools and TemplatesInfographics Source – GMU.EDU, CRUNCHBASE.COM, LESSONS-FROM-HISTORY.COM, PROJECTSMART.CO.UK, PMTIPS.NET, IPMA.CH, USNEWSUNIVERSITYDIRECTORY.COM

Information on PMP Certification

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Every project manager requires PMP Certification. Many companies demand the PMP certification and it is the most preferred skill in their job postings.

Project Management Professionals
Project Management Professionals

After PMP certification, project manager can deal with any kind of project with the help project management tools and templates. Check the more reference links –
> Project Management Life Cycle and Templates Benefits
>Project Management Professionals

Project Management Templates The way to save your time and efforts.

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Project management can be defined as an organized and planned way to perform specific goals. An example would be building, constructing or installing a new computer. It involves detailed and specific preparation, processing and managing of resources to accomplish the desired project end. All managers work under a tight schedule in their respective domains and are required to deliver their assigned work within a stipulated time. With so many angles to look into, the overall task may get exceedingly hectic and end up falling apart, this is where project  templates can help. Such templates are now being used for faster and more adept handling of projects. It doesn’t matter how small or big your company is. A wide variety of industries like finance, phase evaluation, child care, real estate, tourism are switching over to PMI templates to perform tasks in a jiffy.

Some potential areas where Project management templates can help include:

 

  • Optimize the time quotient: Imagine all the abstruse paperwork and planning that goes into executing a project. You have so much information to process, data to collect and discuss with your group that without a proper support system, the project will fall right through the cracks. If projects are not recorded and made available to each member in the group, it can lead to unpleasant arguments that will only slow down you further. Templates make your work faster by keeping you updated on the project’s progress.
  • Lets your efforts trigger efficient output: Consider the prospect of having to construct your project all by yourself right from its foundation, or in other words, from scratch. With no head start, this can be a cumbersome and long drawn process. After analyzing the task and gathering your group, you can use templates to prepare records that will help guide your group through the project cycle. Control templates like Time Control procedure, Cost Control Process, Expense Register and many others help you to execute tasks with half the amount of effort you would have otherwise needed.

Therefore, it can be concluded that templates save time and effort, in addition to increasing efficiency and output of your work manifolds.