Project Management PMP » Easy

Project Management Introduction to Easy Projects .NET Software

Project Manager — Tue, 25 May 2010 07:01:23 +0000

This video demonstrates the customizable homepage of Easy Projects .NET, a web-based project management software. htttp://www.easyprojects.net

Easy To Use And Implement, Project Management Software Applications

Project Manager — Sat, 15 May 2010 06:59:51 +0000

Project management software comes in a great variety. You should check out at least a few of them and weigh their pros and cons before deciding which one is best suitable for you. Once you have decided you need a project management application, you should then define your needs. Whether you need to track your time, your documentation, or your tasks better, you can be sure that there is, at least, one application for each need, and there ones that offer the full package. There is no clear definition for project management software because it varies. However there is an ideal when it comes to project management software. This ideal contains, what are considered to be the six most important aspects of any capable project management software. The first important aspect is the planning of a project. Many professional don’t even look at applications that don’t offer the possibility to visually display all the project’s tasks and their interconnection. This aspect is critical for any project, because it offers the possibility of to assess and allocate staff and financial resources. Another important aspect of a successful project management software application is task management. It gives a PM the possibility to define tasks, create deadlines, and better assign the staff. It allows the user to estimate the hours needed to complete a task, whilst observing the impact of his decisions and keep an eye on individual team members. Every project entails a large volume of documentation, and the option to store all the documents in one place, where everyone involved in the project can access it, especially if the team is divided and geographically remote. If you have high expectations from a project management software, then you probably want the possibility to share your documents through it, in order to ensure a better collaboration, and to avoid difficult situations with sharing. Managing issues that occur in every project is a lot easier to do if your project management software gives you the possibility to track your conversations, rate your difficulties and better manage any updates, or even explain a problem by taking a screenshot of the problem. Tracking time is equally important because you always need to know exactly how much time a team member need to complete a task, and how much time is actually being spent on that task. Many professionals use a separate time management software to keep track of the time spent on different tasks. One of the most beneficial of using a time management software is that works to increase both individual and overall productivity. So what do you think is the best project management software for you? Are your team members located in different cities or countries? Do you really just need a good time management software, or do you also need a tool that lets you share documents and opinions effortlessly. These are the questions that you need to ask yourself in order to decide with tool suits you best.

For more resources about project management software or even about time management software please review this page http://www. timelog. com

Project Portfolio Management with Easy Projects .NET

Project Manager — Mon, 19 Apr 2010 06:56:32 +0000

This video demonstrates the fundamentals of project portfolio management in Easy Projects .NET, a web-based project management software. www.easyprojects.net

Project Management Made Easy With Dotproject

Project Manager — Tue, 13 Apr 2010 07:03:44 +0000

It doesn’t matter whether your company deals in software or construction—the dotProject web application can be successfully adapted to all kinds of businesses for a better project management solution including the aspects of planning, tracking and controlling of the tasks.

How can this software support all your project management requirements? To understand that first you have to know what we mean by the term of project management.

A business involves multifaceted functions and tasks.

The project management first aims at providing a structured series of tasks.

It now assigns schedules to the tasks.

Then it sets a target for each schedule depending on the expected outcome.

Now the nature of tasks and their scheduling vary with the nature of the project.

Other associated project issues such as project planning, contract negotiation, risk management, cost management and others also vary with the nature and type of the project.

As such your task of project management involves keeping track of everything you and your team is doing and what more you need to do.

Add to it the task of maintaining documents, managing the customers, time tracking, checking the contacts and many more—-the list is enough to tempt a manager to apply for a leave vacation.

However in real life the thing is not as difficult as it sounds; thanks to the project management tools like dotProject that makes the life of a project manager much easier.

dotProject provides the project manager with a tool that takes care of all aspect of project EvoSkins, B2 Blog, Software, B2Evolution, Website hosting, Fat Jack Hosting, Internet business, Internet marketing, blogging,

management namely managing of tasks, making schedules, communicating with the clients as well as employees and sharing of information.

In a nutshell, the dotProject helps to keep the track of the day to day developments of the project and helps to measure the progress of the project again on a day to day basis.

It shares lots of common features with usual help desk features of CMS. But dotProject is different from them as it is aimed at managing a defined workload and supposed to communicate with a structured resource base participating in the project. The help desk features on the other hand are unplanned in nature without any defined range of tasks.

The dotProject was originally designed to provide a user friendly project management environment and so many years in the business with some formidable updates, additions and code changes, the dotProject still sticks to its position to provide a sleek, simple and consistent project management solution.

Visit the home site of dotProject at www.dotProject.net to learn in detail about the project management features of the software.

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Money Risk Management Stock Trading made easy!

Project Manager — Sat, 03 Apr 2010 06:55:58 +0000

By Joseph Barrington-Lew

More than 90% of people trading the share market lose money because the majority do not use correct Money & Risk Management principles or have the discipline to follow them. Money Management, Position / Trade Sizing No matter what you call it, You Better Know It! “Money Management is like sex: Everyone does it, one way or the other, but not many like to talk about it and some do it better than others. But thereâs a big difference: Sex sites on the Web proliferate, while sites devoted to the science of Money & Risk Management are somewhat difficult to find.”Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â – Gibbons Burke

NEVER risk more than 2% of your Trading Capital on any one trade.Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â e.g. If you have $30,000 your maximum risk is $600 but what many forget is to also cater for brokerage. If itâs say $50 RT your maximum risk is now $550 and a stop is set appropriately so if your share drops in value by $550 you EXIT first opportunity.

Never Trade with more than 20% of Trading Capital on any trade. e.g. Again, if you have $30K your trade size would be $6000 but I prefer to use 19% so if I have 5 open trades and will still have 5% of my trading capital out of the market to allow for things like slippage, education, data, etc. Hereâs a simple mistake many make regarding their Trading Capital? Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â e.g. My 1st trade is now worth $7000, up $1000 so I decide to open my 2nd trade.

Do I base my next trade TC value $26,000 or $20,000 or $25,000 again?

The correct method is to first determine the share value if your current stop was hit. You may be up $1000 but your trailing stop is set and if hit you make less, say $900 so the next calculation would be based on $30,000 + $900. Your true Trading Capital is your available Cash + or â the value of all open positions if all stops were hit.

âThe only things in life that are certain are Death and Taxes!â Benjamin Franklin So it should be noted that past performance is not a reliable indicator of future performance but you can control the risk youâre exposed to. It’s the 21st Century and itâs quite normal to manage oneâs own investments, yet very few implement disciplined, professional money risk management principles or understand them. During the stock market boom, limiting risk was always an afterthought, but given the recent volatility & market conditions, letâs get serious! Professional Money and Risk Management strategies, used correctly and together, will be your foundation to trading success. Essentially, Money Management tells you how many shares to trade at any given time and Stop placement is where you must accept you have made the wrong decision, close that trade and move on. It is a defensive concept that keeps you in the game to play another day. Donât confuse Money Management with Stop placement. Stop placement does not answer the question, how much? Risk Management is the difference between success and failure when trading shares. It refers to Stop placement and will minimize any losses and you WILL have them but will also maximise any profits and this stop is called a Trailing, Maintenance or Profit Stop. Money Management optimizes capital usage. Few have the ability to view their portfolios as a whole. Even fewer traders and investors make the move from a defensive or reactive view of risk, in which they measure risk to avoid losses, to an offensive or proactive posture in which risks are actively managed for a more efficient use of capital. JBL Risk Manager will help you do all of the above and very easily.

JBL Risk Manager is a simple but Professional Money Risk Management program that was specifically developed to combat the above problem BUT unfortunately the trial is currently only available to those that receive or have access to MetaStock format data. It will automatically calculate your Trade Size, Stop Loss price, Trailing Stop, Break-even price and so much more, based on the last close. It will, of course, also allow you to change your anticipated buy price to actual buy price (slippage) It will indicate when to look for another trade and also automatically report on your performance by showing you your portfolio %win-loss ratios, average $win-loss, trade expectancy and much more, accurately. The latest version now includes, with permission from The Van Tharp Institute, performance values such as R-Multiples, R-Expectancy and System Quality Number. I hope you give this program a trial. After more than a decade helping novice and seasoned individuals understand the importance of Money Risk Management I am pleased to say this simple program will do that and remove emotion and guesswork from your trading decisions. You also have available to you a facility to enter a Technical Stop as your trailing Stop, if you wish, but after many years of testing and research I have found that most use Technical Analysis for entry and correct Money Risk Management for their exit. Long term investors may use Fundamental Analysis to find financially healthy companies first then TA for entry and MR Management for exit. That is all for now. More info: www.paconsulting.net.au/Share-Trading-Investing-FX/jbl-risk-manager/ The 14 day FREE trial is available once at the above link. You may wish to also view a video of the program at www.youtube.com. Simply enter Money Management Stock Trading Software into YouTube search box. I wish you all trading success! Joseph Barrington-Lew

Three Easy Steps to Risk Management

Project Manager — Sun, 28 Mar 2010 06:57:46 +0000

Simon Buehring is a project manager, consultant and trainer. He works for KnowledgeTrain which offers risk management training in the UK and overseas. He can be contacted via the management of risk practitioner training website.

Managing Your Website Development ?eight Easy Steps to Project Management

Project Manager — Mon, 01 Mar 2010 09:06:40 +0000

Managing your website development need not cause you sleepless nights providing you learn the secrets of successful project management. Perform the best practices in project management and give your project the best chance of success.

Define objectives

Objectives guide everyone on the project to your final goals. Are your objectives to sell your product online, to provide customer support, to promote investor relations? Carefully decide and clearly document your objectives.

Decide the critical success factors ?the things at the end of the project which tell you if you’ve been successful. Make them measurable so you know if you’ve achieved them. For example, the website development should result in an increase in online sales of 25% by year end.

Stakeholder analysis

A stakeholder is someone with an interest in your project’s success (or failure). Decide who they are and whether they support your project. Perform stakeholder analysis by classifying them (high or low) according to how motivated they are in helping (or blocking) your project and how influential (high or low) they are.

Highly influential and supportive people are your allies. Gain their support whenever you can. Aim to reduce the influence of people who are both highly influential and against your project as these people could act to damage your project.

During your stakeholder analysis, draw up strategies for dealing with each group of stakeholders.

Define deliverables

Deliverables are tangible things produced during the project. Talk with key stakeholders to help define deliverables. Will your website design include web page layouts and sitemap for use by the programming team? What is the content for each page? Write all this down.

Key stakeholders must review and agree the deliverables accurately reflect what they expect to be delivered.

Project planning

Define how you will arrive at your objectives. This involves planning how many people, resources and budget are required. If delivering this in house, decide what activities are required to produce each deliverable.

For example, you might decide a web designer will develop page layouts and navigation diagrams. You might decide the marketing team will supply all product details and photographs. You might decide the finance manager will set up merchant and payment gateway accounts to enable e-commerce transactions via your website. If outsourcing work, specify exactly what the sub-contractor should deliver.

Estimate the time and effort required for each activity and decide realistic schedules and budget. Ensure key stakeholders review and agree the plan and budget.

Communication planning

Hold a kick off meeting with the team and explain the plan. Ensure everyone knows exactly what the schedule is, and what is expected of them.

For example, the web designer needs to know that he is to produce page layouts and navigation diagrams based upon the marketing manager’s requirements. He needs to know his expected start and end times.

Share your project communication plan with the team. This should include details of report templates, frequency of reporting and meetings, and details of how conflicts between teams and their members will be resolved.

Project tracking

Constant monitoring of variations between actual and planned cost, schedule and scope is required. Report variations to key stakeholders and take corrective actions if variations occur. To get a project back on track you will need to juggle cost, scope and schedule.

Suppose your programmer hits technical problems which threaten to delay the project. You might recover time by re-organising or shortening remaining tasks. If that’s not possible, you might consider increasing the budget to employ an additional programmer, or consider reducing the scope in other areas.

Be aware that any adjustments you make to the plan might affect the quality of deliverables. If you need to increase the budget, seek approval from the project sponsor.

Change management

Once started, all projects change. Decide a simple change strategy with key stakeholders. This could be a committee which decides to accept or reject changes which comprises of you and one or more key stakeholders.

Assess the impact of each change on scope, cost and schedule. Decide to accept or reject the change. Be aware that the more changes you accept the less chance you have of completing the project on time and within budget unless you reduce scope in other areas.

Suppose the marketing manager wants to add a popup window to display full size photographs of products. Assess the impact of this change. You might need to remove some remaining tasks to include this change and stay within budget. Or, it might be impossible to include the change without increasing the budget or schedule.

Don’t blindly accept changes without assessing the impact or your project will overrun.

Risk management

Risks are events which can adversely affect the success of the project. Identify risks to a project early. Decide if each risk is likely or unlikely to occur. Decide if its impact on the project is high or low.

Risks that are likely to occur and have high impact are the severest risks. High impact but unlikely risks, or low impact but likely risks pose a medium threat. Unlikely and low impact risks pose the least threat.

Create a mitigation plan of the actions necessary to reduce the impact if the risk occurs. Start with the severest risks first, then deal with the medium risks. Regularly review risks. Add new ones if they occur.

Suppose the marketing manager cannot decide what he wants from the website. Without knowing what the marketing manager wants, the team cannot deliver a website to meet his expectations. You assess this risk as highly likely to occur and having high impact. Your mitigation plan might be that the web designer develops page layouts to be reviewed by the manager early in the project.

Summary

Performing best practices in project management will give your website development project the best chance of success.

Simon Buehring is a project manager, consultant and trainer. He works for KnowledgeTrain which offers training in project management and PRINCE2 trainingin the UK and overseas. Simon has extensive experience within the IT industry in the UK and Asia. He can be contacted via the KnowledgeTrain PRINCE2 project management training website.

Project Management PMP » Easy

Project Management Introduction to Easy Projects .NET Software

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