by PMHut Team | May 18, 2012 | Project Management Guides
How to Make a SWOT Analysis
By Hauke Borow
The SWOT-Analysis is a very well-known strategic management technique.
Nearly all executives I know could tell you something about this ultimate method which seemed to be the decisive tool to deduce profitable strategies in their own area.
But I noticed quickly that the SWOT-Analysis has been applied incorrectly in many cases.
Probably most decision-makers believe that the acronym SWOT already tells them enough about the contents of this method so that a deeper understanding seems to be no longer necessary.
But what does SWOT mean?
SWOT stands for strengths, weaknesses, opportunities and threats.
As a crucial part of the SWOT-Analysis, these are the key characteristics that should be used in order to describe a certain situation.
After having completed the analysis of the actual state the next step will be the deduction of a strategy that contains all the actions that are necessary to reach a defined goal. Read the Complete Article
by PMHut Team | Jan 9, 2012 | Performance Reporting
Project Management at a Glance
By Hauke Borow
Evaluation generally means the description, analysis and assessment of e.g. projects.
I’ve made the experience that most of the description and analysis part is not that hard to do. The assessment of a particular project situation has always been the big challenge.
Have you ever been in the situation where you actually knew what the status of your project was, but you just couldn’t put it on paper somehow?
And when you started a trial to do so, you’ve lost yourself in comparisons of planned efforts to actual efforts or presentations of different milestones.
Please don’t get me wrong now. All these things are extremely important for your project planning and are therefore deeply discussed in this blog.
But it is just one aspect of the whole project: the schedule.
Your gut feeling expresses much more than that. It tells you something about your schedule, the available resources, the costs that incurred so far, the upcoming risks, the substantive level of achievement, etc. Read the Complete Article
by PMHut Team | Jul 12, 2011 | Project Management Best Practices, Project Plan Development, Scheduling
Effective Sequence Planning And Time Scheduling For Projects
By Hauke Borow
In the previous articles you’ve learned something about the nature of projects and the management of them.
I’ve told you that a project is always located in 3 dimensions: quality, resources and time.
The project structure plan tells you what has to be done in your project in form of work packages. It defines the quality which means the content of your project.
The project structure plan is also the basis for further necessary plannings because obviously it is not enough to have an idea about just the quality of your work packages.
It’s essential to analyze the duration of the work packages and the sequence in which they have to be executed in order to be able to calculate the corresponding start and end dates.
This step requires a mergence of the 3 dimensions quality, resources and time. Sequence planning and time scheduling represent such a mergence. Read the Complete Article
by PMHut Team | Apr 13, 2011 | Project Management Best Practices, Project Management Guides
7 Basic Principles Of Effective Project Management
By Hauke Borow
Projects change the world we all live in. All great changes and achievements of our modern society were not thinkable without the definition of projects.
Just have a look at all the beautiful and fascinating buildings, bridges and churches you can visit when you travel into foreign countries. Modern architecture gives us many wonderful and impressive examples for very complex projects.
But you don’t have to go so far away. Even in your private household you can find lots of examples for origin projects: Building a new terrace in your garden, creating a new website or blog, planning a removal or a marriage … These are all examples for projects.
I really don’t know how many project managers in the past centuries were using professional project management tools consciously to master their projects.
But I assume that most of them were using them at least subconsciously. Read the Complete Article
by PMHut Team | Jul 13, 2008
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