Project Hero Blog - Weekly Best Practices and Tips

Keeping up with the latest trends in project management is crucial for success because project management is an ever-changing field. As we look ahead to 2023 and beyond, the impact of the COVID-19 pandemic continues to shape work and create new project management challenges. Seven critical trends for 2023 include:

• Emphasis on remote work and virtual teams
• New applications of Agile...

A completed project budget can help you determine if a project is financially viable. With it, you may spend what was expected and get the return on investment you want. But it takes many steps to get the best budget and nail it down before starting a project. Let's dive into what goes into creating that budget:

Define the Project

The first step in creating a budget is to clarify the project...

There are a number of reasons why people start green businesses. Some people want to make a difference in their community. Others want to help the environment. Still, others want to make money and have fun at the same time. Regardless of your reason, many benefits come with starting a sustainable business.

As we move towards being more environmentally responsible, more and more consumers will...

[Note: Today, Brittany Fisher of Financially Well offers tips on managing your move, even if it means going across state lines.]

Just a few decades ago, it wasn't uncommon to stay in a part of town you hated because your business was there. But, today, there's no reason that you can't upend your entire world and stay just as successful as ever. The internet has made it possible to plan ahead...

In the year 2022, data sits at the heart of every successful business and many important projects. Learning how to analyze datasets can empower your business to improve marketing, streamline operations, mitigate risks and transform your business model. If you are a new project manager wondering how data can help you, here’s what you need to know.

What Is Data Analytics?

Data analytics...

[Project managers take note!  Starting a business from scratch and without capital is something you may do if you want to start a private practice.  Plus starting a project from scratch without capital is very similar.]

When you have little to no startup capital, founding a business can feel like climbing a mountain. Fortunately, the digital revolution has made starting up easier and...

To start this week's topic, let's look at a definition of change management. According to the PMBOK Guide - 7th Edition, "Change management, or enablement, is a comprehensive, cyclic, and structured approach for transitioning individuals, groups, and organizations from a current state to a future state in which they realize benefits."

Note that the critical elements of this definition are about...

Your project management career is a journey, not a destination. If you treat it as such, you are more likely to succeed. So rather than rush to get a certification, take the time to learn and absorb the knowledge. Here are some reasons why you should look at it this way.

Project Management Takes a Lot of Knowledge

Just as human knowledge doubles daily, project management knowledge expands...

The pandemic is winding down, and war in Eastern Europe is ramping up, creating a lot of uncertainty for 2022. But some trends are now coming into focus and will continue throughout the year. Here are five  to watch for as the year continues to unfold.

The future is tailored hybrid projects. The first sign of the first part of this trend is evident in the latest PMBOK® Guide. An entire...

To start reserve planning requires a completed risk analysis  (for details on how to complete a risk analysis, see our publication, Risk Assessment Framework: Successfully Navigating Uncertainty) . First, estimate the financial impact for each risk, then compute the estimated monetary value (EMV). The EMV is the product of the likelihood and the impact in dollars or your local...