Tag: Project Management

  • Project Management Function in a Business Organization

    What is the value of the project management function in a business organization? The value of project management should never be underestimated with the plethora of benefits it could provide to an organization. Some of the benefits that project management may include are delivering results consistently and accurately, reducing costs of a project, increasing a…

  • The Five Project Management Life Cycles Defined By Schmidt

    The project management life cycle refers to the steps required to successfully manage a project from beginning to completion. Schmidt defines five project management life cycles: (1) predictive, (2) iterative, (3) incremental, (4) agile, and (5) hybrid. Read also Project Management Maturity Model, its Role in Increasing Productivity, Importance of Organizational Strategy, Project Communication and…