From this article, you will learn what a project charter is and why you need one. The key elements that make a successful project charter and how you can implement these elements using our free Project Charter Template.
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What makes it worse (or perhaps better?!) is that it wasn’t my money.
It was my previous employer’s.
I was managing a website build for a big client and was under huge pressure to meet a tight deadline. So, as many do, I decided to start the project before the Statement of Work (SoW) was signed by the client.
This was a big, expensive, mistake to make.
It cost an additional $45,000 to re-work parts of the build that the client had verbally approved, but hadn’t legally signed off.
(Despite what you might think, this isn’t the reason I don’t work there anymore!)
According to research, 37% of projects fail due to a lack of defined and approved project goals and objectives, which come with a Statement of Work (SoW). This causes around 80% of organizations to spend at least half their time on expensive rework.
“Not using a Statement of Work – SOW during the project initiation is a major cause of project failure” – 4PM, Statement of Work – SOW
But what is a Statement of Work (SoW) and how do you create one?
Yet the cost of project failures is staggering. Failed IT projects alone cost the United States around $150 billion in lost revenue and productivity. And it’s frightening! Failure scares us all.
But, the good news is, failure, and how it affects you and your project’s overall success and profitability is controllable. If you can catch, or even predict, failures early enough, you can execute damage control measures and prevent them from completely derailing your project and its profitability. You can even use them to improve your project.
How can you catch or predict failures early?
By using a project tracker.
A project tracker is a snapshot of your entire project. It gives you and the project team a clear picture of how the project is performing, where the weak spots are, and which areas need the most attention.
Let me explain this concept further by taking you through the following topics in this Process Street article:
This is a guest post by Nandini Sharma, an Assistant Marketing Manager at ProofHub – a leading collaboration software. With years of experience in marketing, she has found some amazing ways to reach a large audience and create a connection.
The term team management isn’t just about allocating tasks to be checked off by your team before the end of the day. Key factors that contribute to the concept of effective team management are teamwork, collaboration, and recognition. Without them, a company’s overall performance is at risk. This is where team management tools come into play.
Unfortunately, no matter how hard a project manager tries or how many expensive tools she/he invests in, something or someone is often left behind. And here in-lies our problem…
…and where there is a business-related problem, there is a Process Street solution.
You see, not all team management tools are meant for you. Without the right approach and the right tool, your chances of keeping each team member productive and satisfied, are next to impossible.
You need to find a tool that works best for you and your team and you need to find it soon.
In this article, we will explain the importance of effective team management. We will then present you with our 14 top team management tools so that you can find the right one for you.
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The Smartsheet platform provides exactly what the name suggests – smart sheets. It is modeled around the classic Microsoft Excel spreadsheet, enriching its capabilities with powerful collaboration features and integrations.
In addition to providing effective collaboration tools, Smartsheet’s user interface is relatively simple, which has earned it a solid reputation as a good project management tool for businesses of all sizes.
So why even look for an alternative?
Well, you may not feel that Smartsheet is particularly well suited to how you manage projects in your team and organization as a whole. Perhaps you are not very familiar with Excel, or just don’t like it very much and would rather use a tool with a different look and feel.
It can also become a difficult tool to manage in the long-term. As you add more and more projects, the organization of vast amounts of spreadsheets can become fragmented and confusing.
So, if you are not a big fan of spreadsheets, and would like a project management tool with a more fun, engaging look to it, here are 8 fantastic alternatives that may well be what you’re looking for.
The main criteria I used for selecting the following applications is that they all have excellent feedback from users, reasonable pricing models, good customer support, and effectively address Smartsheet’s limitations.