According to the Project Management Institute (PMI), the term project stakeholder refers to, ‗an individual, group, or organization, who may affect, be affected by, or perceive itself to be affected by a decision, activity, or outcome of a project‘ (Project Read More …
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Characteristics of a project
1. Specific Objectives: The three generic objectives of a project are Time-determined by the schedule of activities Cost-determined by the budget Quality-determined by the specification of customers Projects should meet the requirements/specifications of the stakeholders. Stakeholders include:-beneficiaries, financiers, implementers, victims Read More …
Importance of Project Management in Organization
Project management is a growing field used increasingly by businesses of all sizes. As entrepreneurs and company executives‘ deal with the daily responsibilities of managing an organization, it is important to use dedicated project managers to oversee projects from conception Read More …
Definitions of terms used in project Management
A project is a set of activities which should be undertaken in a logical sequence for the propose of attaining some specified objectives within a given time period, budget and at a given quality specification A project is an interrelated Read More …
Best Practices in PPPs
Common Vision Respect and Commitment Clear roles and responsibilities Expert advice Risk awareness Political support Strong legal and regulatory frameworks Transparency This is the Lack of hidden agendas and conditions, accompanied by the availability of full information required for collaboration, Read More …
Sliding Scale Regulation
Sliding scale pricing provides a service or product with multiple price points. These price points are set to make the service or product accessible to people with different levels of income, so that financial resources need not be a barrier Read More …
