Henry Gantt's management theory balances completed work with pending tasks using visual charts, task bonuses and workforce motivation for productivity.

When a project is running exactly as predicted, there is no time variance to worry about. When events are happening ahead of schedule or behind schedule, you have a variance, which could pose ...

The amount of effort spent scheduling the work on today’s construction projects is staggering. In addition to critical-path method schedules, contractors use sketches, Visio graphics, Excel sheets and ...

The project-management model is an exercise tool designed to facilitate proper coordination and success of a certain project in an organization, business or at home. It involves the planning, ...

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 ...

Defined as “the application of knowledge, skills, tools and techniques to project activities to meet the project requirements,” project management has “always been practiced informally,” according to ...

Whether you’re spearheading a construction project or developing a new software feature, project management can be an incredibly rewarding experience. Often, it’s also a challenging one. In the tough ...