How does Project Management Costs vary with the size of the whole (software development) project?

If you consider that the project management is a percentage of the total project cost, it appears to me that this percentage varies with the size of the project (not considering the hidden costs). Consider the case of software development project. How would that curve (cost of management versus total cost) appear like?

In my experience as a software development project manager for a consulting / developing firm we added 25% – 35% of project management cost ON TOP of the actual development cost.

The reasoning for this is that the PM is the link between the customer of the project and the developers. Often they speak two different languages and you need the PM in between in order to “translate”.

The range of 25% – 35% depended on the customer. If we knew that the customer was “easy” to deal with, then we could usually get away with only adding 25%. But if the customer required more hand holding and was generally “difficult” then we went as high as 35% because the PM would need to invest a lot more time into the project.

Until next time,
Cornelius Fichtner, PMP
The Project Management PrepCast™ – http://www.pm-prepcast.com
The Project Management Podcast™ – http://www.thepmpodcast.com

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Time management is basically about being focused. The Pareto Principle, also known as the ‘80:20 Rule’ states that 80% of efforts that are not time managed or unfocused generates only 20% of the desired output. However, 80% of the desired output can be generated using only 20% of a well time managed effort. Although the ratio ‘80:20′ is only arbitrary, it is used to put emphasis on how much is lost or how much can be gained with time management.

Some people view time management as a list of rules that involves scheduling of appointments, goal settings, thorough planning, creating things-to-do lists and prioritizing. These are the core basics of time management that should be understood to developing a efficient personal time management skills. These basic skills can be fine tuned further to include the finer points of each skill that can give you that extra reserve to make the results you desire.

But there are more skills involved in time management than the core basics. Skills such as decision making, inherent abilities such as emotional intelligence and critical thinking are also essential to your personal growth.

Personal time management involves everything you have or do not have to do every day. No matter how big and no matter how small, everything counts. Each new knowledge you acquire, each new advice you consider, each new skill you develop should be taken into consideration.

Having a balanced life-style should be the key result in having personal time management. This is the main aspect that many practitioners of personal time management fail to grasp.

Time management is about doing everything that are most productive in an effective way, not just about being busy.

The six areas that personal time management seeks to improve in anyone’s life are physical, intellectual, social, professional, emotional and spiritual.

1.The physical aspect involves maintaining a healthy body with balanced meals and regular exercise, and managing stress and fatigue.

2.The intellectual aspect involves learning and other mental growth activities.

3.The social aspect involves developing personal or intimate relations and being an active contributor to society.

4.The professional aspect involves school and work in establishing your career.

5.The emotional aspect involves appropriate feelings and desires, and manifesting them accordingly.

6.The spiritual aspect involves a personal quest for meaning in life.

Thoroughly planning and having a set of things-to-do lists for each of the key areas may not be very practical, but determining which area in your life is no given enough attention is part of time management. Each area creates the whole of you; if you are ignoring one area then you are ignoring an important part of yourself.

Personal time management should not be so daunting a task. It is a very sensible and reasonable approach in solving problems big or small. A great way of learning time management and improving your personal life is to follow several basic activities.
1.Review your goals often whether it be short-term or long-term goals. A way to do this is to keep a list that is always accessible to you.

2.Always determine which task is necessary or not necessary in achieving your goals and which activities are helping you maintain a balanced life style. Each and every one of you have a peak time and a time when you slow down, which are your natural cycles. You should be able to tell when your most productive time of the days and nights are so that you can plan to do the most difficult tasks at those times.

3.Learn to say “No” when you do not what to be involved. You actually see this advice often. Heed it even if it involves saying the word to family or friends.

4.Give yourself a pat on the back or just reward yourself with something nice for an effective time management result.

5.Try and get the cooperation from people around you who are actually benefiting from your efforts of time management.

6.Don’t procrastinate. Attend to necessary things immediately.

7.Have a positive attitude and set yourself up for success. But be realistic in your approach in achieving your goals.

8.Have a record or journal of all your activities. This will help you get things in their proper perspective.

These are the few steps you can take in becoming a well-balanced individual. As they say, personal time management is the art and science of building a better life. From the moment you integrate time management skills into your life, you have opened several options that can provide a broad spectrum of solutions to your personal growth. It also creates more doors of opportunities for you to knock on.

About the Author:

Paul Hata is active in various social and community programs.Paul has over 10 years experience in managing a multi-million dollar advertising co.Access 1000s of affordable education,healthcare and jobs here – WorldChristianPages.com and ChristianWorldPages.com

Article Source: ArticlesBase.com – What Is Effective Time Management

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In this 20th century knowledge is very important and implementing the knowledge to achieve defined tasks is very important. Project management requires you to apply learned knowledge and also to manage people with knowledge about a particular skill.

Managers who possess brilliant technical skills have not lived to be efficient project managers. People with poor technical knowledge have been successful as project managers but their lack in technical skills pulled them back from advancing to higher level project management posts. In this world project management people who can extract the work from technically qualified people are very much in demand. A project manager should be technically sound and he/she needs to be an effective project manager so that project completes in time without any remark from the client.

Project management courseware is written by many different authors worldwide explaining the basic concepts to the higher level resources and tools which could be used for project management. These tools and software`s are a boon to project managers. Project management certification companies have their own courseware which could assist the candidate in gaining knowledge thereby making him ready for the certification exam. Many companies require project management personnel to manage projects so that the higher level management can concentrate in business dealings and efficient running of the company which could assist in the growth of company.

Often project managers reply to technical chief executives and higher authorities directly. For a particular company there might be many project managers handling teams of personnel. These personnel report and work under the supervision of the project manager. A project manager should know different software`s and needs to be updated with latest technology and project management knowledge techniques.

If we dig into the history of project management we remember two people responsible for evolving the concept of managing projects. Henry Gantt is known as father of planning and control techniques and Henri Fayol created six management functions which are regarded as the basis of project management. Project management institute was formed in the year 1969 to serve the needs of project management industry. Standards of project management can be found in the book “a guide to project management body of knowledge”. This book has standards and guidelines which form the basis for any project manager.

There are various phases of project management initiation, planning or development, execution, controlling and at the end closing. A project manager should take the product from planning to closing and to achieve these objectives a project manager should follow the standards and guidelines. A project can be closed by following various different methods.

by being certified by www.brainmeasures.com you have an extra edge over your competetors and certification by brainmeasures.com is respected and honoured by employers world wide.

Companies need efficient project managers who are capable of completing projects in time and take up new projects with limited number of resources. To take up this challenging position an ideal candidate needs to have thorough knowledge of project management. He or She should be able to demonstrate necessary skills through project management certifications. Certifications speak about the employee capabilities to his/her potential employer. If you are an employee and want to progress further then it is strongly recommended to have project management certification. If you are good in technical knowledge and want to progress further in your career ladder then it is strongly recommended to have a project management certification.

About the Author:

an iso 9001-2000 certified online certification company which peovides online testing services to individuals and corporate.

Article Source: ArticlesBase.com – brainmeasures: Project management certification in huge demand

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Many people equate hard work with success.

They mistakenly believe if they work harder, they’ll eventually get everything they want in life. That’s only a myth. In fact, there’s absolutely NO correlation between how hard you work and how much money you put into your bank account.

I’m living proof.

I spent seven years of my life working as an Alaska Fisherman, one of the most dangerous jobs in the world. And let me tell you, it’s one heck of a grueling job considering the extreme weather conditions and the long hours. There’s no doubt I worked hard.

Then in 1995 I was involved in a tragic accident on Alaska’s Bering Sea, and I almost lost my life. That’s when I decided I was done putting my life on the line for a measly paycheck. So, I returned home from Alaska, excited to start my own cleaning business.

The excitement ended when I found myself spending the next year of my life working 16-hour days. And still barely make ends meet.

I thought working as an Alaska Fisherman was hard, but it didn’t hold a candle to running a cleaning business.

I invested over $80,000 of my own money just to open the doors to my new business.

On a typical day, I’d work in people’s homes for 10-12 hours, then I’d have to come back home, get the equipment ready for the next day, do the paperwork for the day, and then return phone calls to people who wanted to schedule cleaning appointments.

By the time the day was finished, I’d worked 15-16 hours, and I was doing this six to seven days a week. Only problem was, after a year of maintaining this grueling work schedule, I still wasn’t making any money.

In fact, I was barely making ends meet. I was almost ready to throw in the towel on all my dreams and aspirations of owning a successful business. Then, I met a man who changed my business mindset forever. He showed me how to transform my cleaning business into one of the most successful by-referral-only companies in the Seattle area. This incredible transformation gave me the confidence to know that I could achieve ANYTHING I set my mind to.

That’s when I decided to create an automated business at GetMoldSolutions.com.

Within a short time, this new business was SO profitable that on April 19, 2004, I sold my cleaning company, and retired from manual labor… FOREVER!

And now, it seems that the LESS I work – the MORE I make.

Here are my top 5 strategies to help you manage your time & make more money with less time and energy:

1. Don’t worry about getting all your ducks in a row. In fact, most of the time as an aspiring entrepreneur you’re going to have a fair amount of chaos in your life. Don’t get scared. Chaos can be a GOOD thing, when you know how to manage it effectively.

2. Make yourself a short to-do list each day. The key word here is “short.” Don’t overload yourself with a million things to do. Choose one to three key tasks. When you complete them, call it a day, even if you finish your tasks in record time.

3. Ensure that one of your three tasks is a high income-producing task.

Get one thing accomplished each day that will have a positive result on your cash flow once completed.

4. Operate at your peak level and use this time to work on your “high income-producing” task. Don’t let anything distract you from accomplishing this one task.

5. Understand that you’ll NEVER have the time to accomplish everything you want to do. As your business continues to flourish, more opportunities will become available. Only take advantage of the best opportunities that will help you make more money with little time and effort, while saying “no” to all the rest.

Over the last several years I’ve shared these strategies and my story with countless home business owners just like you. After hearing it, they too have catapulted their successes, and now have a similar story to share. I look forward to hearing your story.

About the Author:

Home Business Expert, Kevin Thompson sells real products and services from the comfort of his home to real people on a daily basis. Now you can get your copy of his FREE report, “The 3-Step System To Automatic Income Riches” and make more money than you ever dreamed of while spending more quality time with your family. For your free copy go to: http://www.HomeBusinessShortcut.com/report.html

Article Source: ArticlesBase.com – Time Management Tips for Home Business Owners: How to Make More Money With Less Time & Energy

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There are many aspects to any successful business that have to be covered. Many of them go on behind the scenes to make other aspects of it as productive as possible. Business time management is certainly one that falls into that category. Without it you may be losing money with your business.

If you haven’t made it a primary focus for your business it isn’t too late to start. Take a close look at where time is perhaps being wasted in your business. Those are your weakest links where you need to make some concessions. Those types of losses aren’t going to improve on their own so do your part to take action.

There are many different ways in which you can accomplish better business time management. You may need to implement just a few basics or a complete system. Business time management methods though will ensure you are able to get the most production from your employees.

By focusing on improving business time management you can avoid having unrealistic expectations of what employees can accomplish. If you constantly ask employees to do unreasonable things then you’ll find they’ll resign.  Most of them won’t speak up instead they’ll be quiet and start to look for another job.

Surprisingly others will just simply stop showing up for work. Their time and attendance will become poor and you’ll waste a lot of time on performance management.  Either way you have lost valuable employees. It is always more cost effective to keep the employees you do have than to train new ones.

So when focusing on improving your business time management you need to take your workforce with you.  Don’t simply try to impose a new regime on them. 

When there are large projects that have to be completed, business time management is essence. If you let big clients down by not completing them on time you will lose their future business. This can result in a very large sum of money that your business doesn’t get as revenues through sales. When projects are cut too close to the deadline employees will be stressed out. In many instances they won’t be able to offer their very best work either.

There are quite a few different aspects of your business that need to be covered that fall under business time management as well. With the right tools in place you and your employees can accomplish them without too much of a struggle. For example it can assist you with planning and with setting up realistic goals to reach for over the course of the year.

There will be plenty of times when effective decision making has to be done at a moment’s notice. Those responsible for such decisions don’t want to end up regretting what they chose to do. Setting up schedules and delegating responsibilities can all be done with the right business time management program in place.

However you decide to improve your business time management do it carefully, gently and in a planned manner in conjunction with employees. 

If you’d like some more thoughts, tools, tips and techniques on time management then visit my web site www.time-management-huddle.com.  The site has lots of information and free tools to help you tame time.

About the Author:

Alan Orr is a senior director and author. He’s worked with some of the biggest companies in the world in very senior roles including many blue chip companies like British Airways, Nokia, Motorola and BAA.

Time and project management have always been an area of great interest and expertise. Visit his website at: www.time-management-huddle.com

Article Source: ArticlesBase.com – What is Business Time Management?

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Where can I do a part time/evening post grad diploma/masters in management in London?

Hi all,

Have you tried Birkbeck, UoL?

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