Value Delivery Office (VDO) A Value Delivery Office (VDO) is a strategic part of an organization that focuses on giving customers value by making sure that projects and programs are managed in an efficient and effective way. The VDO is in charge of making sure that the organization’s projects and programs are in line with its overall…
Reserve Analysis Reserve analysis is a method used in project management to figure out how much buffer or extra time is needed to finish a project successfully. It means figuring out what possible risks and unknowns there are in a project and how much money should be set aside to deal with them. The reserve is usually…
Resouce Breakdown Structure The Resource Breakdown Structure (RBS) is a tool for managing projects that helps find and organize the resources a project needs. It is a hierarchical framework that groups the project’s resources into categories. Each level of the hierarchy gives a more detailed breakdown of the resources. The RBS is like the Work Breakdown Structure…
Release Plan A release plan is an overview of the steps that need to be taken to get a product or service to customers. It usually has details about the release date, the features that will be part of the release, and any other important information about the release. The following steps might be part of a…
Relative Estimating (Planning Poker) Relative estimating is a method used in project management to figure out how big a project or task will be or how much work it will take. It involves comparing the size or difficulty of a task to that of other tasks in a project instead of trying to figure out its size…
PMP Process Groups As per PMI, there are 5 phases to the project known as Proces Groups as part of the project lifecycle as described below. Initiating This is the first phase of the project when the project is formally approved and kickstarted. A high-level plan may be prepared in the form of a project charter and…
Project Management Principle – Stewardship The Fundamental Principle of Stewardship in Project Management Stewards are those who demonstrate responsible behaviour by carrying out their responsibilities in an honest, careful, and trustworthy manner while adhering to both internal and external rules. They exhibit a diverse range of dedication to the economic, social, and environmental effects of the initiatives…
Story Point In agile project management, story points are a way to estimate how much work or how hard a user story or feature will be. A user story is a description of a feature or requirement from the user’s point of view. It is usually written in the form “As a [user], I want [feature], so…
