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Track Project Milestone and Critical Path with Microsoft

Every business and project has unique needs, and tracking them can be challenging. Many companies use software to track milestones, critical paths, and more. They do this to keep things organised and streamline workflows.

When managing any project, you need to keep track of important dates and milestones. This will tell you how far along you are in the process. This is especially important when working with a team on the same project structure. This way, everyone knows what tasks need to be completed and when.

This article will explain how to manage a project efficiently using Microsoft Project. It will also show how it can help increase visibility and keep everyone on the same page.

As a project owner, you’ll learn about how to use Microsoft Project for your projects. You’ll also learn best practices for assigning responsibilities, setting up accounts, creating tasks, and more.

What is Microsoft Project?

Microsoft Project is a software application that helps you organise and manage project timelines. It also helps create budgets, assign tasks, track progress, and more.

It offers a variety of features and options to best suit your project management needs. These include simple to advanced and customisable features.

You can access Microsoft Project from almost any device, as it’s available as a web-based platform. It’s also available on PCs, Mac computers, and mobile devices like tablets.

There are two versions of Microsoft Project available: Microsoft Project Standard and Microsoft Project Professional.

The main difference between the two is that Professional offers additional features. These include an integrated business intelligence reporting tool, visual timelines, and other project requirements.

You can use Microsoft Project to track project milestones and critical paths for free. However, it is limited in certain aspects. For example, you may only be able to save one project at a time and use two calendars.

If you’re using the free version, you can still enter data, invite team members, and view your timeline. However, you’ll just only be able to save one project at a time and only be able to use two calendars.

Why Use Microsoft Project For Your Projects?

There are many advantages to using Microsoft Project for your project management needs.

  • It gives you visibility into the entire project, as well as into each team member’s role and responsibilities. This way, you can be reassured that everyone is on the same page. This increases accountability and makes it easier to spot any potential roadblocks or issues that may arise. 
  • Additionally, it can help you forecast project completion, track expenses, and create a more efficient workflow. 
  • Organisations use project management to ensure that their teams are focused on meeting their goals and objectives. With a project management system in place, teams can more easily collaborate. You can also track progress and spot potential issues before they become major problems. 
  • Project management software makes it easier to keep everyone informed about project milestones. It also helps with status updates and enables teams to work more efficiently together.

How to Use Microsoft in Projects

1. Create a New Project  

The first thing you’ll want to do when creating a new project is to name it appropriately. You should also give it a description so that everyone knows what the project is about. Next, add additional information, such as the project goal. In addition, you can add any unique constraints or considerations that might apply to that project.

2. Assign Responsibilities  

Next, you’ll want to assign project managers and team members to the project. You can assign one person as the primary project manager. Or you can have multiple people share the role. Once you’ve assigned project managers, you can invite team members to the project.

3. Setting Up Calendar Details  

You can set up calendars for your project based on the client or the team members you’re working with. You can also set some for other events that may apply to the project, like holidays. This will help you stay organised and make sure everyone is following a certain schedule.

4. Defining Task Details  

You can create tasks and subtasks within your project, detailing the work that needs to be done. You can also detail the resources and dependencies that may apply.

5. Reviewing Progress 

You can view project progress at any time. Check on team members’ progress, their workload, their dependencies, due dates, and more.

What is a Project Milestone?

A milestone is a significant event or achievement that takes place during the project timeline. This can be something like a specific date the project is expected to be delivered.

It can also be a state that needs to be reached. For example, securing funding or completing a certain phase of the process.

You can create milestones within your project timeline and assign a due date. You can also indicate whether it’s required or optional and what level of effort it requires.

Within your timeline, you can add milestones at any point in the project. It also gives you the opportunity to create sub-milestones within one main milestone. This can be helpful if you want to break up a large milestone into smaller, more manageable parts.

For example, you may have one milestone that represents the completion of a project. You can then break that into smaller milestones that represent each part of the project. These include conducting research, data collection, etc.

What is a Critical Path?

The critical path is the sequence of tasks that must be completed on time in order for the project to be completed successfully. It’s important to note that the critical path doesn’t necessarily represent the longest path. Instead, it’s the path that must be completed first.

The critical path is often used to refer to the critical path method (CPM). That is a type of project management method that uses specific dates and resource availability. They help determine the sequence of tasks that need to be completed first.

When to Use the Critical Path in Microsoft Project?

The critical path method is primarily used for large-scale projects, like building a new home. It could also be for building large-scale infrastructures, like a new airport or bridge.

Here, the path requires specific dates and the availability of resources. Therefore, the critical path won’t change unless a task is delayed. It can also change if something is added to the project that affects the sequence.

This means that you want to be careful when deciding which tasks should be included on the critical path. Generally, you want tasks that are essential to the completion of the project to be included on the critical path.

Tasks that are needed later in the project, but aren’t essential to its completion, should be placed lower on the path. This allows you to account for any issues that may arise and still finish the project on time.

Conclusion

To conclude, Microsoft Project is an excellent way to keep track of your projects and make sure that everyone is on the same page.

It offers many benefits and can help increase visibility and keep everyone informed. It will also help you forecast project completion, track expenses, and create a more efficient workflow.

Maybe you’ve never used Microsoft Project before. Or you feel like you could use a refresher on best practices for using it with your team or clients. If so, this article will be a helpful resource.

From creating a new project to adding milestones, and more, you’ll learn how to use Microsoft Project to manage your projects more efficiently.

Best Practices in Business Education: How to Succeed as an Entrepreneur

Teaching best practices in business education is important for students who want to start their own businesses. There are a lot of important skills that entrepreneurs need to be successful, and these can be taught in the classroom.

This blog post will discuss some of the most important skills that business students need to learn with tips on how teachers can help their students succeed as entrepreneurs.

Training Programs

It is fair to mention “horizontal” corporate programs; otherwise, my hymn to the glory of business-integrated training will remain unsung.

Such programs are commonly called “corporate glue” or “staples” – they provide, as we usually say, cascading of business strategy and corporate culture, as well as cross-functional interaction of key people in the organisation – executives, project managers, etc., as well as new employees.

All the “key people” from different verticals and functions need to cross over in project work, training and communications to become enmeshed in corporate attitudes (where we are going, our priorities) and then relay them across the organisation. Obviously, training plays almost the main role in this important business.

It is usually the managers who become the most convinced adherents of business education approach.

Tips to keep in mind:

  • Vertical management is outdated: it is necessary to stop exploiting resources, “squeezing the result,” “moulding”, and “controlling;
  • Horizontal management is needed to “let the innovative steam out” of the people – they hold a huge potential for effectiveness; to do this, you must at least give people the opportunity to “think together for the cause” and delegate to them the responsibility for the implementation of the invented;
  • This is a very important point – the leader is not an appointed official, but someone who has earned trust and respect. And this must be taken into account when developing training programs for leaders;
  • The role of HR: in addition to the well-known functions of staff selection and development, HR should become a “change agent” in the company – help people change their attitude to work, i.e., contribute to the formation of a new culture;
  • It is necessary to form a new generation of corporate citizens – those who are interested not only in their career growth within the company, but also in its development as a whole. These people will promote changes inside the company and become true ambassadors of their organisation outside it.

There are many different types of business education programs available, but not all of them are equally effective. To ensure that your employees get the most out of their training, you should follow some best practices.

Here are a few tips:

  • Make sure the program is relevant to your company’s needs. The content of the program should be aligned with your company’s business goals.
  • Choose a program that is interactive and engaging. The best programs are those that encourage participants to actively participate in the learning process.
  • Make sure the program is adaptable. The best programs are those that can be customised to meet the specific needs of your company.
  • Select a program that is delivered by experienced and knowledgeable instructors. The instructor should have a deep understanding of the subject matter and be able to effectively communicate it to students.
  • Finally, make sure the program is affordable. The cost of the program should be reasonable and in line with its value.

Nowadays, the training of executives and other employees is not only an integral part of doing business but also a prerequisite for its successful development.

The need for such training arises because the business environment is constantly changing and new technologies are being introduced.

To keep up with these changes, businesses need to continuously educate their employees.

Hogan Lovells and Reed Smith advise on the sale of Softomotive

Hogan Lovells and Reed Smith have both played advisory roles in the sale of Softomotive, one of the leading worldwide providers of Robotic Process Automation solutions, to Microsoft. The addition of Softomotive brings Microsoft closer to its 2020 resolution to ’empower tech intensity in its customers and partners’ including in RPA, which is forecast to reach an estimated $7.2 billion by 2025.

The Hogan Lovells team advising the shareholders of Softomotive, including UK-based growth equity firm Grafton Capital, was led by corporate partner Richard Diffenthal, with support from senior associate Simon Grimshaw and associate Joseph Platt (corporate), partner Karen Hughes and senior associate Tom Eyre Brook (UK tax), partner Fiona Bantock (ESI), partners Nancy O’Neill and Kurt Lawson and senior associate Caitlin Piper (on US Tax) and partner Matt Eisler and counsel Ryan Adrian (US corporate).

The Reed Smith team advising Microsoft was led by corporate partner Mike Young, supported by partners Casper Fox (corporate), Gregor Pryor (entertainment & media), David Ashmore (employment), Ramsey Hanna (entertainment & media) and Anthony Poulopoulos (corporate), counsels Stephen Mooney (corporate), Christina Nikiforaki (regulatory enforcement), senior associates Tufayel Hussain (corporate) and Nick Breen (entertainment & media), and associates Harrison Stimson (corporate), Charlotte MacArthur (real estate), Haig Siranosian (litigation), Roch Glowacki (entertainment & media) and Tom Baxter (corporate).

Commenting on the transaction, Hogan Lovells partner, Richard Diffenthal said: “RPA is undoubtedly the future of IT automation and Softomotive have already proven to be pioneers and innovators in this marketplace. It was a real privilege to support Softomotive on this deal, and to work closely with co-founders Marios Stavropoulos and Anargyros Kaninis, as well as Oliver Thomas and his team at Grafton Capital.”

Mike Young, corporate partner at Reed Smith, added: “We are pleased to once again have supported Microsoft on an important acquisition that ensures they remain at the forefront of RPA solutions.”

Spicy Trademark Law Suit Over Descriptive Marks

A trademark is a type of intellectual property consisting of a recognisable sign, design, or expression that identifies products or services from a particular source and distinguishes them from others. The trademark owner can be an individual, business organisation, or any legal entity.

Trademark law protects a trademark if it is primarily unique and non-descriptive of the goods or services for which it is being used. For example, you cannot register the mark Computer to sell computers or computer related products, you have to name it differently, such as Apple, Microsoft, Dell, Ubuntu etc. This is one of the basic tenets of trademark law.

Sky Enterprise Private Limited is engaged in the business of processing, manufacturing and marketing of various types of spices, condiments and masalas.

It has, inter alia, registered the marks “Star Zing”, “Black Chinese Pepper Masala” and “White Chinese Pepper Masala”, in Class 30 for spices. A cursory glance at these marks would portray that Star Zing is the brand and the other marks are describing the different Masalas sold under this brand.

However, Sky Enterprise, thought differently. According to them, the terms “Black Chinese Pepper Masala” and “White Chinese Pepper Masala” were so closely associated with their brand, such that the customers could identify products described in this manner only with Star Zing.

Sky Enterprise filed a suit against proprietor, Abaad Masala which was found to be using the marks viz., “Black Chinese Pepper Masala” and “White Chinese Pepper Masala” along with its brand name AMZ on their masala packets.

The Defendant argued that the words ‘Black Chinese Pepper Masala’ and ‘White Chinese Pepper Masala’ are used by the Defendant in its trade dress, just as in the case of the Plaintiff, for identifying or indicating the kind, quality, and intended purpose of the goods.

The Court held that the defendant may use the words ‘White Chinese Pepper Masala’ and ‘Black Chinese Pepper Masala’ however, not in this particular sequence. It may use these words in some other sequence or in combination with some other words.

However, this particular combination was associated distinctively with the Plaintiff, and it being the registered proprietor of the marks, was entitled to protection.

Cryptocurrency in 2019: Things to Expect

Cryptocurrencies continue to surprise us with their behavior through the years. Amidst all the instability and unpredictability in terms of performance, trading, litigation, regulation, and taxation, miners and investors brave the odds and explore what these cryptocurrencies have to offer. Pessimists and optimists alike have much to say about the future of cryptocurrencies like bitcoin – such as bitcoin’s supposed nearing end because of the consistent drop in bitcoin price after reaching its peak. But it’s more viable to focus on observable trends in order to have an idea on what to expect as far as these cryptocurrencies are concerned. Here are some of them.

The Market

The word “bubble” is thrown around in the finance world, and if you’re wondering what it means, it is simply the cycle created by the fast escalation of asset prices followed by a contraction. The bubble deflates when investors cease to buy at elevated prices and massive sell-offs occur. As for bitcoin, yes it is a bubble, and it indeed popped. The market is expected to calm down a bit after the Crypto bubble and cryptocurrency trading will remain profitable.

Cryptocurrency as Payment

Retailers are starting to accept cryptocurrency as payment. At this point in time, including cryptocurrency in the list of payment methods can potentially boost income, in the same way that establishments that accept credit cards do have a wider reach than those who do not. Now you can book flights, purchase household goods, get web domains, buy computer products, and so much more with bitcoin. As of December 2018, more travel services, web services, food, and general merchandise have started to accept bitcoin payments. Those with a Microsoft account, for example, have the “Redeem Bitcoin” option upon checkout and can add up to $100 at a time via Bitpay.

Cybersecurity

In the recent years, crypto traders and holders have seen security threats such as phishing and mining malware. Cryptocurrencies, in theory, are secure; however, we expect that new crypto exchanges and platforms will bring about new cybersecurity threats and challenges.

Blockchain

The blockchain industry has always been associated with cryptocurrency, and in 2019, it is expected to work on its image as an industry that has a lot more to offer. If the industry wants to operate on a larger scale, it needs to be communicated that the blockchain technology has a lot of uses that are unrelated to cryptocurrency.

Taxation and Regulation

2019 is set to be the year of more widespread, formal, and international crypto regulation. In cryptocurrency news this year, Malta became the first country to have a clear regulatory framework for cryptocurrencies. Countries such as Russia and India have also begun to draft national legislation for cryptocurrencies; and we expect other countries to follow suit – giving way for cryptocurrency to become more legitimate. Preventing money laundering, fraud, and terrorist funding is a prime motivation in putting these regulations in place. If cryptocurrencies are safely policed, more and more people will be confident to use and adopt them.

Contact us at Hogan Injury for expert legal advice.

None of the content on https://www.hoganinjury.com/ is legal advice nor is it a replacement for advice from a certified lawyer. Please consult a legal professional for further information.