There’s an overwhelming amount of project management software. To give you an idea of how many tools exist, GetApp has 18 separate directories under the project management umbrella. Even when you’re shopping for specific software (for example, tools to manage Agile projects), it’s still overwhelming for small business owners to choose which software is the best fit for their needs.
So, it won’t seem helpful if we introduce another tool: Project portfolio management (PPM) software. With so many project management software options, why add PPM to the crowded ring of contenders?
One-third of British workers have reported feeling “financially unstable” for absorbing large or unexpected business expenses. Since enterprise employers are more likely to have expense policies, employees that work for small and midsize businesses are at greater risk—and that’s not the only expense-related challenge.
If you know which deductions to make, and have an expense management tool, your small business can save a substantial amount at tax time. But the opposite is true as well: You risk taking a fiscal hit if you’re caught off-guard at the end of each year.
For every $1 billion invested in projects, businesses waste $97 million because of poor project performance. This should scare small businesses with scarce extra cash: Can you afford to waste 10 percent of your project budget on inefficiency?
Now for the good news: Project Management Institute (PMI) reported last year that more project managers met their initial goals and completed work within budget for the first time in five years. PMI cited the growing use of Agile within organizations as a factor in this rise of successful projects.
Product management and project management are two of today’s fastest-growing roles. Harvard and Cornell are among the business schools that have added product management curriculums to meet demand from students. Meanwhile, the Project Management Institute predicts that employers will need 88 million people in project management roles by 2027.
Job growth for both roles exceeds the average pace. But if you’re wondering what the difference is between product management and project management, you’re not alone. (more…)
Six in 10 U.S. employees didn’t negotiate their salaries during their last job offers and lost out on earning $7,500 more per year. When staffing firm Robert Half surveyed more than 2,700 workers across 27 major U.S. cities, a mere 39 percent said that they negotiated their last job offer’s salary. Subsequent research from Glassdoor found that the average U.S. employee could be earning 13.3 percent more per year than their current base salary if they had negotiated. (more…)