As early as 2015, some business experts have already made the prognosis: the 9-to-5 workday is already dying. The 8-hour workday, 5 days a week, or the 40-hour workweek, was born in the 1940s. So, it seems that the life of this 80-something year-old schedule is now at its end. Or is it?

Times are changing

The 40-hour workweek law was passed as a means to address extreme working hours demanded by employers to their employees. It worked for a time, especially in the manufacturing age, where people need to work together in shifts. However, between then and now, a lot has changed.

Work surveys have showed that today, there are more working mothers than in the previous decades. More than 60 percent of families today have both parents working, and many of them have young children. In fact, 70 percent of remote workers today are between the ages of 25 and 44.

Also, technology has advanced tremendously, such that it is now easier to do work outside the traditional office setting. […]

Reports are essential tools in business. They play a crucial role in the startup, ongoing, growth, expansion, and even survival stages of a company. Through business reports, companies are able to document their progress over time. Reports also help build an audit trail of the past. These documents can become necessary when going to financial institutions or when seeking investors. Corporations produce annual reports for their stakeholders and for government agencies to comply with legal obligations. Reports are also helpful in decision making, whether making a substantial purchase, planning for expansion, or deciding to sell the business.

Project Reporting

As businesses become more project-centric, the idea behind reporting is likewise followed and expected during project management. Project reporting is the act of producing formal and informal reports to communicate the status of the project. Reporting is usually done at regular intervals throughout the project. Stakeholders, sponsors and the project team agree on the frequency of the reporting. in general, project reporting helps manage the expectations of stakeholders. It also provide […]

According to a 2019 Project Management Institute survey, organizations lost about 12 percent of their total project investments because of poor performance. Unfortunately, this value has not gone down for the past 5 years. Even though more companies are using standardized project management practices, a significant amount of their efforts continue to go to waste. One probable reason is that the business landscape is changing too fast brought on by advances in technology and disruptions. Keeping pace is becoming very challenging. Another reason is that project teams are committing the same mistakes over and over again.

Common PM Mistakes

Although projects are usually different from one another, the issues that affect them are quite similar. Here are some of the common project management mistakes that are the usual suspects for its failure.

1. Poor project initiation

The PMBOK identifies 5 project management phases or lifecycles. The first one is the project initiation phase. Most experts believe that it is the most crucial among the phases. A common mistake that usually happens here […]