Concept

What is the difference between Agile and "Regular" Project Management?

Regular (or Waterfall) project management is like building a LEGO set using the step-by-step instructions that come in the box. We decide exactly what we will build at the beginning and follow the steps carefully until it's done. It's difficult to make changes once we'

Concept

What is Agile Project Management?

Do you remember when we play video games together? Sometimes, we plan to play a particular game, but then you discover a new game that seems more fun. So, we change our plans and start playing the new game instead, right? This is a little bit like Agile Project Management.

Principle

What is the Newsvendor Model?

Imagine you are selling ice cream at a park on a hot day. You have to decide in the morning how many ice creams to bring. You want to sell as many as you can, but you also don't want to bring too many and have them melt

Concept

What is an Initiative?

An initiative is like a special mission or a big idea you want to make happen. Let's say you're playing a video game and want to reach the final level and beat the final boss. That's your initiative! It's a big task

Concept

What is the difference between Project Management and Product Management?

Project management is like building a LEGO rocket ship. You have your pieces (resources), your instructions (the plan), and a picture of what it should look like when you're done (the goal). The building process (the project) has a clear start and end. Once the rocket ship is

Concept

What is Product Management?

Imagine you're building a giant LEGO city. The whole process of planning what you need, deciding how to put it all together, managing all the different LEGO blocks, and then making sure everything is working well when you're done is similar to project management. Product management

Concept

What is Program Management?

Let's dig into what program management is all about. Remember building an entire city of Lego sets? The fire station, the police station, the park, the houses, and the super cool race track? Each one of these Lego sets is like a project. They each have a start,

Concept

What is the difference between Project Management and Program Management?

Let's think about it using something we really love: Lego. Think about when we build a Lego set. It has a specific goal (to make the set according to the instructions), it has a clear beginning (opening the box and sorting the bricks), and end (the set is

Concept

What is Change Management?

Change Management can be a bit tricky, but let's break it down with something simple. Do you remember when you got your new video game console? At first, it seemed confusing to use. You had to learn what all the buttons do, how to save your game, and

Role

What is a SME?

The term "SME" stands for "Subject Matter Expert." That's a fancy way of saying someone knows a lot about a particular thing, like how you're becoming a little expert on ninjas, race cars, and soccer! Imagine if you're playing a

Principle

What is the Pareto Principle?

Imagine you have a box full of 100 toys. According to the Pareto Principle, or the 80/20 rule, about 20 toys (20%) in that box are your absolute favorites, the ones you play with the most. Those 20 toys give you 80% of your fun and happiness when playing.

What is the Planning Fallacy?

Ah, the Planning Fallacy! Let's think about it in terms of soccer. Have you ever thought you could score a goal in just a couple of minutes, but it took the whole game, or maybe you didn't score? That's a bit like what we

Tools

What is a RACI Chart?

Imagine you and your friends are playing a cool game, like building a super-tall Lego tower or creating an exciting race track. Everyone has a job to do, right? One friend might be finding the Lego pieces, another might be building the tower, and someone else might be making sure

Tools

How Are Flowcharts Used In Project Management?

Flowcharts are a fantastic tool for project management for several reasons: * Understanding the Process: Flowcharts help project teams understand how a process works visually. This can be especially useful when a team works on a complex project with many steps. * Communication: Flowcharts provide a clear, visual way to communicate processes

Tools

What is a Decision Flowchart?

A decision flowchart is a type of flowchart that includes decision points - places where a choice must be made that will change the path of the process. It's handy when a process involves complex decision-making or when a process can have multiple possible outcomes. In a decision

Tools

What is a Swimlane Flowchart?

A swimlane flowchart is a type of flowchart that organizes the steps of a process into "lanes" which represent different people, groups, or parts of an organization. These lanes are usually drawn as horizontal or vertical rectangles that span the length or width of the chart. Each lane

Tools

What is a Data Flowchart?

A data flowchart, also known as a data flow diagram (DFD), visually represents how data moves through a system, from input to processing, storage, and output. Imagine you're playing a video game online. When you press a button on your controller, that's an input. Your game

Tools

What is a Workflow Diagram?

A workflow diagram is another flowchart that provides a graphic overview of a business process. While it is similar to a process flowchart in showing the steps of a process, it also includes roles or people and their responsibilities in the process. Imagine if you and your friends were trying

Tools

What is a Process Flowchart?

A process flowchart is a type of diagram that visually represents a sequence of activities to achieve a particular result or outcome. Let's think of a process flowchart like instructions for a board game. Each step, or instruction, is represented by a symbol, and arrows connect the steps

Tools

Are There Different Kinds of Flow Charts?

There are indeed different kinds of flow charts. Each type has a specific purpose, depending on what you're trying to illustrate or explain. Here are a few types: Process Flowchart: This is the most common type, and it's probably what you think of when you hear

Tools

What is a Flow Chart?

A flow chart is a diagram that shows a process or a workflow. It's like a map of different steps, where you start at one point, and then you follow the lines (which are like paths) to other boxes (which are like stops along the way), and each

Methods

What Happens in the Closure Phase?

So, once your sandcastle is built and decorated, you might do a few things. You could take a step back and admire it, take pictures to remember how great it looked, and show it to your friends or parents. You should also clean up all your buckets and shovels and

Methods

What is the Monitoring and Control Phase?

Let's stick to our sandcastle analogy from the Execution and Planning Phases. So you're building your sandcastle, right? This is the execution phase we just talked about. But while doing that, you're also checking constantly to ensure everything is going as planned. This is

Methods

What Happens in the Execution Phase?

Imagine you're at a beach and want to build a massive sandcastle with your friends. You've already drawn a picture of how the castle should look in the planning phase. You've got friends, buckets, and maybe even decorations like seashells and flags. Now it&

Methods

What happens in the Planning phase?

Say you want to build the most fantastic sandcastle on the beach. The "planning phase" is like deciding what your castle will look like and what you'll need to make it. * What does your sandcastle look like? First, you must consider what your castle will look