By: Ray Myers, Jr., PMP Charters vary in specific content, but most project charters include the following sections: Project objective statement Project priorities High-level scope statement, describing all expected deliverables Description of the expected users or customers The business case for the project (benefit or return on investment analysis) Rough cost estimates Target milestones...
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By: Ray Myers, Jr., PMP Definition:  Return on Investment, or ROI is a performance measure used to evaluate the net benefit of a project to the performing organization.  ROI is usually expressed as a percentage. Every organization has a wish list of projects that they would like to be implemented, but funding and resource...
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By Ray Myers, Jr., PMP Congratulations!  You have been assigned to manage your next project and you’re eager to get started with planning. There’s a lot to be done, build the WBS, schedule the work, assemble the implementation team, and meet with the client.  But with so much to do, what should you do...
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By Ray Myers, Jr., PMP What are the first four things you should do when you begin a new project?  It’s a good question and every project manager should know the initial steps he or she will take when beginning a new assignment.  Starting on the right foot may not prevent future problems, but...
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By Ray Myers, Jr., PMP  If you fail to plan, you are planning to fail – Author unknown  Today’s business climate requires new and creative new business initiatives to capture market attention and to stay ahead of the competition.  Senior managers often believe that these new business strategies are so important to corporate survival...
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