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Why Identifying as a Project Business is Critical For Success

The Lazy Project Manager

The following article is the first of four in a series on ‘Project Business’ and is authored by Daniel Bévort. As such I am delighted to share these articles with you. Project Business is an industry just like Retail and Manufacturing because projects are their primary business function. Project Business is the same.

Retail 344
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How to Build and Implement a Project Strategy

ProjectManager.com

They help with prioritizing projects, providing governance guidelines and ensure that projects are beneficial to the organization by aligning with larger strategic goals. Estimate Resources Resources are the people, equipment and materials you need to complete the project. This will inform your schedule and budget.

Budget 376
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Principles of Cost and Schedule Estimating

Herding Cats

One of the 4 summary root causes of project performance failures is Unrealistic Cost and Schedule Estimates based on inadequate risk-adjusted growth models. One notion in a governance paradigm is It's Not Your Money . If you have no uncertainty, then estimates provide no value. Tools are available for each of these.

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14 Common Project Risks (+ more)

Rebel’s Guide to PM

In this article we’ll look at common project risks so you can start filling up your risk log and making the right plans. Poor estimating. Sometimes the estimates are just rubbish. More and more, estimating is getting harder (in my opinion). Either way, estimating issues are a risk to your schedule. Governance risk.

Risk 328
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Crashing Vs Fast-Tracking: What’s the Difference?

Rebel’s Guide to PM

In this article, we’ll dive deep into both approaches by looking at how they compare against each other as well as their associated costs. Both require you to have decent task estimates of how long the work will take so you can calculate the time saving expected. Pin for later reading.

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When to Estimate and When Estimates aren't Needed

Herding Cats

Paul Boos has a post about estimating and makes a case for the Principles of when NOT to estimate. This struck a cord around a bigger topic - the inversion of estimating. When should we NOT estimate? Then on to the original conjecture for No Estimates from Paul's post. That is, to make decision with “No estimates”.

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Estimates, Forecasts, Projections

Herding Cats

An Estimate is a value inferred for a population of values based on data collected from a sample of data from that population. The estimate can also be produced parametrically or through a simulation (Monte Carlo is common, but Method of Moments is another we use). . Estimates can be about the past, present, or future.