There are best practices, standard operating procedures and several types of processes in the business world. Processes help maintain order and provide guidelines for a smooth workflow. They are what ...

The International Institute of Business Analysis defines a project as a temporary endeavor undertaken to create a unique product, service or result. The project scope defines the work that must be ...

When a team is assigned a project, it's best for everyone involved to agree on what the project does and doesn't entail. Enter the project scope statement. Written in a project's planning phases, the ...

When a project stretches far beyond its original vision, it is called “scope creep”. Scope creep in project management is one of the biggest causes of project failure. This article will help you ...

The right mix of planning, monitoring, and controlling can make the difference in completing a project on time, on budget, and with high quality results. These guidelines will help you plan the work ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Suzanne is a content marketer, writer, and ...