Top Tips for Successful Project Management in a Post-Covid World

More than ever, most companies, large and small, national, or international, are under increasing commercial pressure. The reduction in income for many due to the recent pandemic and various levels of lockdowns has meant that budgets have been cut, internal resources reduced and the timescales to complete a project are becoming ever more challenging; yet still, an increase in productivity is demanded.

Today’s businesses cannot always provide the focus and time to deliver projects effectively when the day to day need to concentrate on the supply chain, production issues, and profitability of the business are clearly more important. Businesses are struggling to find the right expertise and skill base at the right stage of a project, and as a consequence, suffer additional and unplanned costs, delays, and technical problems on projects through poor conception, planning, purchasing and project delivery.

One solution to this problem is to employ the services of a professional project management company that has not only management and consultancy expertise, but also knowledge of your sector or industry. These Project Management Companies can ensure that by utilising an outside professional organisation for Project Management services, all the clients’ project objectives are met in full. These companies can provide a great deal of consultancy advice and their core business involves all elements of the project lifecycle from project inception, (including feasibility studies, capital justifications and front-end engineering) right through to the detailed design and construction phases (including the delivery of full turnkey projects). Their extensive experience across a wide range of industries encourages the cross fertilisation of ideas and the adoption of best practice techniques and are widely acknowledged by their clients as the best engineering consultancies solutions.

The utilisation of specialist Project Management companies and their support services provides better initial planning and assessment of opportunities, risks, and threats. It provides a greater opportunity of identifying problem areas while there is still enough time to take appropriate corrective action, allowing flexibility for alternative plans of attack. The successful Project Management service offered by professional consultants concentrates on three primary areas of the process: time, cost, and quality. This approach ensures a joined-up structure for managing all three.

Top Project Management Tips. Our top tips for successfully managing a large project are:

Create a short list of Project Management Companies that specialise in your sector
Make sure you receive expert advice from day 1
Set clear project objectives and a defined scope
Use a structured process for managing risk
Keep a tight control on budgets at all stages of the project
Ensure you carefully manage the communication channels and supply chain relationships
Make sure you deliver the project completed on time and on budget, as originally intended
Throughout all stages of the project, make sure you measure performance through key performance indicators.
Working in collaboration with clients at an early stage, companies such as PM PROjEN, based in the UK, has helped reduce costs, provide a flexible and responsive resource, and given access to new technologies, skills, and the necessary expertise from simple to highly complex projects.

Product Creation and Development: Never Fail to Discover What The Market Really Wants

There is a very simple rule-of-thumb for coming up with any new product you want to take to market and it can be summarized as follows: “Find out what your target customers want and then give it to them.”In fact this rule is so simple and perhaps so self-evident that it is often forgotten, overlooked or just ignored.The rule reminds us that people are more inclined to buy what they want to buy rather than what they actually need or perhaps ought to buy.If you are an internet marketer and you are looking to create your own products then you ignore this rule at your peril because it is no use finding out after you have created the shiny new product that nobody wants to buy it.One mistake that many would-be marketers make is to think that simply because they are interested in a particular product then that product would have widespread and general appeal. While this certainly may be true it is just as likely that the opposite could be the case and you won’t know unless you do some research in advance. Yes it will take time to ask questions in forums, post online surveys and research whether there are any similar products already selling well, but this is vital if you are to learn whether your product is something people will want to buy.I was contributing to an internet discussion forum recently and one forum member clearly did not get this concept at all. The person in question was hoping to launch his first product as an internet marketer and wanted the advice of others about his idea. So far so good you might think. It appears that he had a life-long interest in Ancient Egypt and thought that a membership site on this subject would be a great idea and revenue earner. The would-be marketer would spend his time writing about a subject he loved and a band of happy subscribers would pay each month to read his words of wisdom. Again so far so good.As the Ancient Egypt discussion thread developed it was clear that some members thought it might be a good idea, others thought it was a bad idea and yet more had no idea whether it would sell or not. Time and time again the same question was posed to the original poster: “What does your research tell you?”It transpired that the poster’s research had told him nothing because he hadn’t taken the time to do any and nor did he think that he should invest any time and effort into doing do because he knew it would be popular. In the end the poster got quite offended at the notion that he should go off and research his market before creating his membership site.Reading that forum thread reminded me of the need for all of us to test the market in advance of bringing out any new product so that we really are giving our customers what they want to buy from us. All too often we are tempted to think that because ‘product x’ is something we would go out and buy without a moment’s hesitation that thousands of others would do the same. Such arrogance could lead to a very costly mistake if the would-be marketer, inspired by nothing more than his own gut feeling on the market’s needs, put time, energy and expense into providing a product that very few people may actually want to buy.I have no idea if the Ancient Egypt membership site would have made a profit for the man who wanted to set it up but the key point is that neither did he. This is a timely remember that no matter how well we think we know our target niche that we must still always find out what our customers want and then give them precisely that.

All eBay Beginners! Here Are 7 Powerful Steps to Launch Your eBay Business

Thousands of eBay members make enough full time income from eBay and are able to quit their day time job. You can be the next. It is much easier to reach your goal if you follow these 7 steps and launch your eBay business in the right direction.

Strong business basics.

Running an eBay business is like running any other businesses. You need to know some business basics. Example: book keeping, sales and marketing, advertising, copywriting, inventory management and so forth. The better you are about business, the easier it will be to manage and grow your eBay business. Start doing your research and homework today.

Have a good and solid business plan.

Without a solid business plan, you will be going no where. You need to put your business plan in writing (either on paper or computer). Example: what you want to do, when you want to do and how you are going to do it. A solid business plan should include all these features like: passion, mission, strategies, organization structures and financial management. You need to sit down in a quiet place and start to map out a detail and solid business plan.

Set realistic and achievable business goals.

After you have developed your business plan, set some achievable financial targets for yourself. What is your sales target every month? Measures your performance every month. By doing this, you can evaluate what is working and what is not. Eliminate what is not working and keep on improving yourself.

Calculate all your business costs carefully.

Keep track of all your business costs, example: eBay fees, PayPal fees, packing materials, shipping costs, buying your merchandise, internet connection, phone line and other business costs. After factor in all the costs, apply an appropriate mark up. If you found that your costs of doing business are too high, then you need to find ways to cut costs or change to other products line.

Keep your investments low.

When you are just starting your eBay business, don’t go out and rent a big office and hire several staffs. Work with what you have, work from home or maybe your room, use whatever office supplies that you have now: your own personal computer, laptop or printer. Keeping your investments or expenses low is keeping your financial risk low. When your eBay business started to grow out of hands, then you need to invest more. When the time comes, you will know.

Don’t invest too much on inventory at the beginning.

Go slow with the inventory until you get your business to speed up. You don’t have to buy a six month supply of merchandise. Order only enough merchandise that you think can sell through a week or two weeks. If things don’t work out, you don’t want to stuck with lots of inventory.

Be patience.

This is the number one thing in all solid businesses. Success comes only with lots of time and hard work. You eBay business is not going to be an overnight success. It might take a few months or years to be very profitable. I have worked hard for about three years before I can see some serious money coming in from eBay. All eBay beginners, study this powerful seven steps carefully and start applying them now. Always have faith and be patience, you can be the next successful eBay seller.