Project Hero Blog - Weekly Best Practices and Tips

Getting good estimates is often challenging for projects.  Here are 5 tips for getting better estimates for difficult-to-estimate tasks:

1. Decompose the work further to understand it more fully. Document all assumptions and constraints.
2. Look for similar estimates provided for past projects—network with other projects or organizations willing to share their experience and expertise.
3. Do...

For the last two weeks, we looked at two different ways to evaluate project selections to determine which to work on. This type of activity is often carried out by senior management and not the project manager. The project manager is usually involved once the project charter has been developed. A special form of project charter is the Statement of Work or SOW. Its often associated with a...

Last week we looked at the BCR -- Benefit-Cost Ratio as a way of evaluating a project. This week I'd like to look at a related technique -- Total Cost of Ownership (TCO). The purpose of many projects is to introduce a new product or service. Often this new product or service has a later ongoing operation. For example, if you have installed Oracle Financials, there is a need to develop the...

For the next few weeks, I'd like to take a closer look at initiating projects, with special attention to costs. This is an area of weakness for many who jump in to do work before looking at the consequences or rewards. Rather than use a microscope, you need a telescope to see to the far and of the project. We'll focus on costs, but once again, there are many other factors that must be analyzed....

When selecting any resource of any type for a project, always keep in mind the automatic selection of the "cheapest" won't always be the least expensive option. This is why we have competitive bidding for major contracts -- we get a peek at the other dimensions. Does the resource meet our needs? Will our requirements be met? Will quality meet our standards?

Let's suppose we can choose between 3...

A lot of folks in San Diego wonder how the construction of Petco Park, a managed project, could have possibly spent all the funding before it was half completed without anyone knowing. While I certainly don't have proof as to the actual cause, there is a very good way a project can get into this state -- they failed to look at all three key project success factors -- time, cost, and...

Once project execution begins, you will need to track your budget regularly. Here are five tips to help you control your budget:

1. Review progress weekly: Update schedule and budget actuals, check for trends, and take corrective actions as required to get back on track. Record the changes so you will learn how to budget better next time.
2. Have a change control process in place: This process...

Starting a project with a proper budget is one of the best ways to be able to manage the budget. Here are five tips for creating a solid budget:

1. Develop a deep understanding of project requirements: Know what the stakeholders really need and want so your budget is stronger. Don't forget to do a WBS with the team too.
2. Work from the effort, not duration: Task level of effort is a better gauge of...

As a project leader, it's critically important to be earnest - have an intense conviction and confidence in the plan. Staying calm and confident is reassuring to the team, sponsor,  and stakeholders alike.  The team will take their cues from you, follow your lead, and rise to meet any challenges or setbacks positively.  Whether you are looking at the Inc. list, the Forbes list,...

Moving forward ten years, I found myself as a program manager responsible for several projects related to a $10M+ Unix rollout. A colleague was responsible for the procurement and hardware side of the operations while I was tasked with getting a workstation into the hands of 400 developers in 16 locations. Each had to be trained on the basic services of their workstation, they had to receive...