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What is a Management Dashboard?
The term Management Dashboard defines a wide range of data reporting and visualization tools or dashboards that allow using various performance & efficiency measures to report on an enterprise’s ability to organize and coordinate its activities in accordance with certain policies and in achievement of pre-determined objectives. What is a Management Dashboard?
 
 
 
 
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Money Management Action Plan

In this Money Management Action Plan you can read a range of tips and suggestions that will help you manage your money in an effective manner.

Money Management Action Plan
 
 
 
Home » Glossary » What are Project Pitfalls
What are Project Pitfalls  

What are Project Pitfalls



 
 

Project Pitfalls refer to any unfavorable and damaging circumstances that may jeopardize project success. Project pitfall is an event that causes a portion of risk to any component or activity of a project so there may be a negative impact to project duration, cost, performance, quality or other aspects.

Pitfalls are certain conditions in which a project appears to be less manageable and controllable. For example, scope creep is a frequent pitfall that makes project duration extended and thereby involves more resources in the project. Process incapability is another example of project pitfall when a lack of synchronization between processes and technology causes improper use of project resources and tools.

It is an essential task of project managers to prevent pitfalls and create safe and non-risky project environments. Here’re several tips on how to avoid project pitfalls:

  • Plan everything in advance
  • Use forecasting as a way to predict the most probable project behavior and develop a corrective action plan
  • Establish and maintain good communications between team members
  • Use milestones to check project progress against deliverables
  • Measure performance to ensure the project remains effective at any given point in time.

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