Ethics is about making the best possible decisions concerning people, resources, and the environment. Ethical choices diminish risk, advance positive results, increase trust, determine long term success, and build reputations. Leadership is dependent on ethical choices. Four Values The PMI Code of ethics includes four values that are core to the ethics and standards for …
Earned Value Management (EVM) is a systematic project management process that helps managers to measure project performance. Earned Value Management is a technique that is used to track the performance of a project against the project baseline and is very effective assuming the project baseline has been accurately calculated. Here we will discuss the benefits …
There are mainly four type of vertical spread strategies: the bull call spread, the bull put spread, the bear call spread, and the bear put spread. Each of these has you buy one option and sell one option. Credit or Debit Long leg Short leg Bull put Credit Put at lower Put at higher strike …
A spread is an options strategy that requires two transactions, usually executed together. You purchase one option and write another option on the same stock or index. Both options are identical except for one element, such as strike price or expiration date. The most common are vertical spreads, in which one option has a higher strike …
Historically we have thought that Indians save very intensely, and they are very conservative spenders. We know the way our parents saved, and some of us are a beneficiary of that. Maybe that was in the past that. Is not necessarily true as of now? Indians are no longer the kind of saver that they …
There is a larger dynamic associated with resources. We acquire based on what kind of resources are we doing. One of the common resources involved in almost all projects is the human resource. Project Resource Management includes the processes to find, acquire, and manage the resources needed for the successful completion of the project. Resource …
A lot of people ask us what is Risk Management and how often we do it. Risk refers to uncertainty. This risk can be positive or negative. Every project, business, and investment done by an organization will have certain kinds of risks involved. These risks need to be managed. If the risk is not managed …
Here we will discuss project scheduling and how important it is for delivering our project on time. We will start with an overview of the main components of project scheduling. What is project scheduling? Project scheduling is the process of creating your project schedule. The project schedule in a project refers to a roadmap of …
These are some of the most confusing words in the project management field. But both of them are vital for a company’s growth. Even though they might overlap in terms of certain skills, such as leadership and time management, they’re two sides of the same coin. Product Manager The product manager is responsible for leading the …
Importance of Project Proposal in today’s Scenario A project proposal is an official document that helps to build a professional relationship between an organization and outside contributors. A project proposal outlines your project’s core value proposition. Adding to this, a project proposal helps sell your project. How to write a project proposal? Things to remember. A key thing to …
