Request For Information: RFI Meaning, Definition, and Example

Request For Information: RFI Meaning, Definition, and Example

Most projects and organizations require outside support to achieve their objectives. They often lack information on the requirements, prices, and technology involved. In this case, they need information on their requirements to proceed further. They get this information through Request for Information (RFI). They share the available information with prospective sellers to provide them with…

Request For Quotation: RFQ Meaning, Definition, and Example

Request For Quotation: RFQ Meaning, Definition, and Example

Projects always require supplies, consumables, or support from third parties, and a Request for Quotation (RFQ) is a great help in these situations. The document communicates its requirements to sellers or service providers. The seller will review the offer and ask for clarification if required. The buyer usually organizes a bidder conference where all bidders…

Request For Proposal: RFP Meaning, Definition, and Example

Request For Proposal: RFP Meaning, Definition, and Example

When your organization has a problem but doesn’t have a solution, they ask for help from third parties. At this point, Request for Proposal (RFP) helps them out. In this document, the organization explains the problem, and the vendors have to submit their best solution. RFP is different from RFQ. With RFP, buyers have a…

Common Cause Vs Special Cause Variations

Common Cause Vs Special Cause Variations

Processes always have variations, which can be common cause or special cause variations. The factors that cause variances in project performance are: Changes in project scope. Lack of resources. Wrong estimates. Incorrect identification of scheduled activities. Wrong project reviews. Poorly implemented project management processes. Poor risk review. Inefficient change control procedures. Modifications in the regulatory…

What is Issue Log? Definition with Examples

What is Issue Log? Definition with Examples

Project management is a complex and time-consuming endeavor. It is challenging to track all project tasks while communicating with multiple stakeholders. You have to consider many factors while developing your project plan. One of the essential factors is to create an issue log to help stay organized and keep track of problems that arise during…

What is Risk Register? Definition with Example.

What is Risk Register? Definition with Example.

Organizations may have many projects to achieve their goals. However, these projects carry risks that may affect their success, resulting in loss to the organizational resources.  You must be prepared to deal with such risks, and a risk register is a great help here. A risk register is the most important project management document in…

What is the Best Power of the Project Manager?
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What is the Best Power of the Project Manager?

A project’s environment is much like a startup company’s environment. There is continuous pressure to perform with a limited budget and a fixed schedule. More importantly, you will always have new team members.

In this situation, you will have to manage your team and motivate them to perform their best.

This is not an easy task, and you will have to use your soft and hard skills to push team members continuously.

As a project manager, you can have many powers. The sixth edition of the PMBOK Guide recognizes the following fourteen powers: