The Project Management Institute (PMI) is a nonprofit organization for project management professionals with members worldwide. Founded in 1969, it has grown to become the world’s leading association for project management. The PMI has over 3 million members and has issued its respected credentials to members in over 185 countries. In 1969, months of conversation […]
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The Cost Performance Index, or CPI, provides insight into the accuracy of the predicted project cost and is a measure of cost efficiency. In basic terms, the CPI shows how well the project is sticking to the planned budget. It’s one of many key metrics used in Project Management. The CPI formula is defined in
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Green supply chain management – GSCM – integrates environmentally sustainable practices throughout the supply chain. It includes the design, production, delivery, and disposal of goods. “Green” is a common term for eco-friendly strategies and initiatives to minimize adverse environmental impacts. Both production and distribution of goods cover many activities leading to these potential negative impacts,
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Enterprise Resource Planning (ERP) systems integrate all business management functions within a single platform, providing the real-time capability of seeing what is happening within the organization. With a wide-ranging scope, careful and thoughtful implementation is key to success. As time progresses, the importance of ERP systems will only continue to grow. An ERP system
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What is the Internet of Things (IoT)? The Internet of Things (IoT) describes a set of technologies that allows the network of physical objects—“things”— to connect and exchange data with other physical objects over the Internet. These devices are embedded with sensors, software, and other technologies that get the job done. IoT devices range from
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Successful project managers integrate multiple skills and abilities to bring a project from concept to completion. When a project management position is your goal, developing these skills can positively impact your current work while helping you build for the future. Good communication skills allow project managers to share their vision, ideas, and goals. They must
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