Twproject Blog
Project management trends & insights.
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How to develop a budget and make realistic forecasts
How to prepare a budget? As a business grows and becomes increasingly complex, budget preparation and realistic forecasting become ever more critical. Budgeting and forecasting may sound the same, but within the corporate financial framework, they present distinctive characteristics. Although they cover two different spheres, budgets and forecasts work together to produce a comprehensive guide … Continue reading “How to develop a budget and make realistic forecasts”
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New Twproject Release 7.1.023 – Copy and paste features on the Gantt and other innovations
If one of your needs is to have an increasingly flexible and customisable Gantt chart, a real operational tool that goes well beyond the planning phase, this new release of Twproject is just right for you. With this new release, we are meeting the needs of teams with extensive and complex projects with several phases … Continue reading “New Twproject Release 7.1.023 – Copy and paste features on the Gantt and other innovations”
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Strategies for optimising workflows in IT teams
Are there any good strategies for optimising processes and workflows for IT teams? CONTENT Foreword: the most relevant requirements for the IT sector The different instances of workflow management in IT teams 1. Co-existence of projects with different course and type 1.1. Operator load calculation 1.2. Integration with cost management 2. Managing workflows and bottlenecks … Continue reading “Strategies for optimising workflows in IT teams”
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Prioritizing activities with the Moscow method: Some examples
The MoSCoW method can be a successful way to get everyone aligned on project priorities. Collaborating with cross-functional teams and key stakeholders to prioritize effectively is challenging, yet it is a critical step in product development. In this article, we will explore what the MoSCoW method is and how it helps prioritize activities. CONTENT What … Continue reading “Prioritizing activities with the Moscow method: Some examples”
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Design project phases and methods
Managing a project is no easy feat; design phases and methods are required steps regardless of the size and scope of a project. CONTENT The 4 project phases 1) Startup Phase 2) Definition and planning phase 3) Execution phase 4) Evaluation and closure phase Project characteristics A lot can go wrong, from planning minor details … Continue reading “Design project phases and methods”
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How to monitor operating costs in a project
Projects cost money and, therefore, require regular monitoring of their operating costs to ensure success. Indeed, being able to manage and track expenses is what keeps the project within a budget. It is unlikely that stakeholders will consider the project a success if it costs too much money. In this article, we will examine what … Continue reading “How to monitor operating costs in a project”
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Earned Value: How to evaluate the progress of a project
Earned Value is a popular method of monitoring a project’s progress with a quantifiable figure. This helps project managers to ensure they meet their project’s budget and finish on time. This article will explore how Earned Value works and how to make the most out of it. CONTENT What is Earned Value (EV) in project … Continue reading “Earned Value: How to evaluate the progress of a project”
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OKR methodology for startups: why it works and how to implement it
The OKR methodology is a framework that has stood the test of time and has proven fit for organizations of all sizes and scopes, including startups. All organizations set goals and engage their workforce based on their objectives. Yet the OKR methodology is beneficial not only for large, digital companies; it can help Startups be … Continue reading “OKR methodology for startups: why it works and how to implement it”
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Multiple corporate calendars for flexible workers
Corporate calendars are convenient tools for keeping track of meetings, deadlines, and milestones. They can help you visualize the schedules of various projects and remind you of important team events, such as colleagues’ leave periods. The problem is that far too often, multiple calendars are managed simultaneously and are not even integrated with each other. … Continue reading “Multiple corporate calendars for flexible workers”
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Project risk analysis
The project risk analysis or risk management, is the process of risk identification, analysis and response to any risk that occurs during the life cycle of a project. Analyzing the risks that may lie behind the execution of a project, predicting the possible obstacles and having a vision of the solutions in advance is certainly vital for any project. It … Continue reading “Project risk analysis”
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Why invest in warehouse management software
Using warehouse management software for efficient control is critical to a company’s success, regardless of size. Both small and large businesses face the daily challenge of optimizing their inventory, streamlining order fulfillment, and improving overall operational efficiency. Warehouse management software can streamline business operations by streamlining processes, improving efficiency, and reducing expenses. Let’s learn more … Continue reading “Why invest in warehouse management software”
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Definition and description of a project’s purpose
How does a project originate? How can you tell what it should achieve? How can you tell what approach is required? How can you tell if it will be successful or not? CONTENT Project Purpose: Why does the project exist? So, how do you define a project’s purpose? Identify project needs Confirm project objectives Project … Continue reading “Definition and description of a project’s purpose”
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Making the most of your time: time planning strategies
Knowing the best time planning strategies is important to execute your work to the best of your ability. Time is not on your side when it comes to project management, when work piles up and deadlines approach quickly. Project time management involves planning, scheduling, monitoring, and controlling activities throughout the project life cycle. In this … Continue reading “Making the most of your time: time planning strategies”