The 80/20 rule, also known as the Pareto Principle, states that 80% of the benefit can be achieved by 20% of the work. The Pareto analysis uses this concept to identify which parts of a project can be done efficiently and which can be avoided. It can be used to decide which problems should be
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PMOs have a tough job as they have to play both the roles of quarterback and air traffic controller in determining project priority, when work can begin, where to allocate resources, and reporting on the team and department’s work. They are the go-to person to ensure project charters capture all requirements and impacts to the
In this article, we’ll define the RICE model and what it stands for. We’ll also explain how RICE scores work, plus the benefits and challenges of using this framework. Keep reading to discover how to strategically apply this method to project management. What is the RICE model? RICE stands for reach, impact, confidence, and effort. The RICE
The more companies grow, the more projects they have in progress at the same time. Managing workloads, keeping track of deadlines, and knowing what to prioritize can become complicated, which is why multi-project management is so vital. In this guide, we’ll outline how leaders use multi-project management to coordinate multiple projects, tasks, workers, and time.
Quality assurance (QA) is one of the final and most important steps of any product roadmap. Used in a variety of industries, including software development and construction, quality assurance verifies that a product or service is of the highest quality, which is an integral process for any company. In this article, we’ll explain the basic
In project management, identifying and handling a variety of dependencies is one of the most important tasks team leaders will manage. The challenge is that dependencies in project management are often complex. There are different types of dependencies that need to be considered in different project phases. In this article, we’ll dive deep into project
Got a never-ending list of project tasks to complete? A punch list can help. This project management tool is frequently used by construction managers, but it can help teams in any industry manage both old and new tasks that need to be revisited or monitored. In this article, we’ll explain what a punch list is in
As your organization changes, your project management needs will change, too. Growth is great, but it makes the need for clear communication and task management more important than ever. If you’re already paying for a project management solution, it can be difficult to justify the cost and time it will take to implement a new
If you've ever worked with a task management tool and wanted to customize your workflow in the tool to closely resembles how your team actually works, then you know not every tool out there offers that functionality. Wrike does. Our Custom Statuses are unique features built into Wrike Enterprise that allow the creation of workflows tailor-made
Lead time and cycle time are often confused with one another. Both cycle and lead time are important time metrics in manufacturing, but they’re also important strategic tools for project management. Project managers and team leaders need to fully understand their differences and similarities to harness their power. In this article, we’ll go over cycle time
Santa Claus: one of the most well-known, eagerly anticipated, and incredibly successful entrepreneurs in history. Each year he oversees the production and distribution of toys to every single child on his Nice List — and with over 1.9 billion children on Earth, that's a lot of toys! He hasn't missed a year yet, but that's
