Project Management Professional Development Costs and Personal Development Tax Cap

Ongoing professional development for a project management consultant can mean winning and losing business. The Australian Labour government has plans to place an annual cap of $2,000 on professional development tax rebates. For project management consultants and project professionals this could considerably hinder their professional growth. As a project management consultant, I make it a priority to continue my professional development and learn new and cutting edge concepts and processes for my clients. As a case … [Read more...]

The Problem With Project Management Today

Lets face it, there are too many projects that fail. In fact, some reports cite that up to 70% or projects fail. A recent government report found that $12 Billion is wasted annually in Australia alone, due to poor project documentation. These problems are only getting worse and will continue to increase unless something changes. Skills Shortage Of Qualified Project Managers The project management is struggling through a global skills shortage, we are seeing the perfect storm forming, where there are too few … [Read more...]

The Cost Of Project Management

The Cost Of Project Management

Have a project but unsure how to budget for the costs of project management? Or just looking for some information to benchmark project management costs? This article shares some of the costs models in project management, typical expense rates and a model for estimating the return on investment for project management. Businesses Need Project Managers Businesses worldwide constantly value project management as the most important skill organisations need to achieve its objectives. I work with companies of varying … [Read more...]

8 Project Estimation Techniques & Template To Improve Accuracy

8 Project Estimation Techniques & Template To Improve Accuracy

Accurate project estimation is one of the most challenging aspects of a project. Project estimation becomes increasingly difficult as the project's complexity and uncertainty increases. However, project estimates can be accurate. The powerful project estimation techniques that are explained in this article will quickly improve the accuracy of project estimates, even if you have no project estimation experience. Before Estimating Project Costs Before you begin project estimation, there needs to be an understanding … [Read more...]

Cultural Dimensions Of International Project Management

Cultural Dimensions Of International Project Management

International project management is the management of projects internationally or across borders and cultures, international project management requires a specific set of skills to ensure success when managing international projects. This article looks particularly at the importance cultural awareness plays in international projects and how the Hofstede 5-D model can be used in an international project management framework. International project management is becoming increasingly important in todays global business … [Read more...]