Tag: Business

How Owners Managers and Leaders Differ

How Owners Managers and Leaders Differ

I was asked a very interesting question today, requiring me to stop and think. How do I believe being an entrepreneur and a business owner differ? It’s a very good question because if you don’t know either an entrepreneur or business owner, I don’t know how any textbook answer would satisfy. From my perspective, a…

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This Is How You Know When To Kill A Project

This Is How You Know When To Kill A Project

According to the Project Management Body of Knowledge (PMB0K), projects are authorized due to internal business needs or external influences.  Project end is reached when the project’s objectives have been achieved or when the project is terminated because its objectives will not or cannot be met, or when the need for the project no longer…

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Types of Risk

Types of Risk

For the PMP exam, know that risks can be categorized under two main types: Business  Risk of a gain or loss Pure (Insurable) Risk  Only a risk of loss (e.g., fire, flood, theft…) When identifying and categorizing your project risks, don’t forget that risks can also be positive.  Many mistakenly only list the negative.  Regardless,…

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