6 Essential Project Management Skills

Communication: the ability to convey messages to clients and team members. Leadership: the ability to oversee and coordinate tasks as well as motivate the team. Organization: the ability to multitask, prioritize tasks, compartmentalize projects and document everything for easy access. Negotiation: the efficiency at negotiating terms with suppliers, clients and other stakeholders. Team management: the […]

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What Is A RACI Chart?

A RACI chart is a type of Responsibility Assignment Matrix (RAM) in project management that lists all stakeholders on a project and their level of involvement in each task.R, A, C, I stand for:ResponsibleThe person who designates the task as assigned directly to someone.AccountableThe person who delegates and reviews the work of the project.ConsultedThe person

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5 Key Components of a Feasibility Study

1. Economic feasibility: a cost-benefit analysis of inputs, contracts and impacts. 2. Market feasibility: focuses on the market potential of the project, customers and competitors. 3. Technical feasibility: analyzes the reliability of the technology and logistics to be used. 4. Financial feasibility: identifies the elements needed to achieve a project’s financial sustainability and meet all

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