Project managers and their team members dread the prospect of failure because of its personal and professional implications. But while everything that can go wrong will go wrong in any project – it’s Murphy’s Law, after all – the best project managers adopt effective and efficient measures to avoid project failure.
Keep in mind that project failure can mean different things to the different stakeholders. Project failure can mean the failure to deliver based on the agreed quality, schedule and cost, it can be the failure to yield the desired positive results for the end users, or it can be the failure to complete the project.
Project Managers are multi-talented species.
They cannot be successful if they are not.Managing a projects involves multiple tangible and intangible aspects such asLeadershipCommunicationExpectation managementStakeholder engagementKeeping teams motivated & focusedBe the go-to man for the teamExpertise not only as a PM, but end to end understanding of the projectManaging timelines, budget, quality & deliverablesAs is evident from the list, one size doesn’t fit all.
And there is no silver bullet that will provide everything on a platter.
A project manager has to have a mix of the technical knowhow, empathy, and ability to lead, take the fall if things go bad, and turn the tide in favor of the business.And, he/she has to do it while keeping the business as well as the customers happy.
Not an easy thing to do by any means.
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The target audiences of this article are team/project leads and project/program/delivery managers.
For example, “MS Project” shows you critical path/s in a project by a RED colored duration, while other project management tools might show it differently.
But as a vigilant project manager, it’s your job to take note of critical path/s in your project to monitor and manage the same.
• Create a list of all tasks/subtasks with WBS technique along with deliverable milestones in a project.
• Take note of tasks of lengthier duration as compare to rest of tasks to identify what all tasks are of longer duration.
There are some components and formulas as described below, which can also help you to identify a critical path under this analysis.