The IIL Blog

OCTOBER 17, 2023

Benchmarking Identifying a project performance indicator or practice, then assessing it against industry standards or best practices. Bottom-up Estimating A project estimation technique that leverages tactical-level team members/subject matter experts (SMEs) to break down tasks into smaller components to create a more accurate estimate.

Development Team Review 148

Development Team Review Project Life Cycle Underperforming Technical Team Estimate 148

International Institute for Learning

DECEMBER 7, 2022

In the past five years, there have been numerous articles discussing how Artificial Intelligence (AI), can and will benefit the field of project management. The growth of AI can be attributed to several factors, especially: Advances in technology. Harold Kerzner. Introduction. Marr, 2020, and Dalcher, 2022).

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Artificial Inteligence Technical Review 2022 2020 97

Velociteach

APRIL 11, 2023

The charter is tailored to the project’s needs. For example, large, complex, external projects require more formality than small, internal ones. Review and approval requirements may follow organizational policies. Both functional (user-facing) and non-functional (technical) requirements should be identified.

Underperforming Technical Team 77

Underperforming Technical Team Risk Management Estimate Risk 77

Wrike

SEPTEMBER 2, 2023

Understanding the Importance of a Project Budget Plan Projects of any size require financial planning and control to avoid cost overruns and ensure that the allocated funds are used efficiently. It acts as a control mechanism, so that the project team adheres to the allocated budget and avoids unnecessary expenses.

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Budget Controlling Planning Technical Review 36

Teamweek

MARCH 5, 2024

{ “@context”: “[link] “@type”: “Article”, “headline”: “Timely vs Toggl: A Definitive Comparison [March 2024]”, “alternativeHeadline”: “Toggl vs Timely: Which Should You Use?

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2024 Software Review Technical Review Monitoring 59

Wrike

SEPTEMBER 23, 2023

These activities, although intangible, are essential for laying the foundation of a successful project. Soft costs in this context can include the implementation of project management software, collaboration platforms, and communication tools, as well as the time and effort spent on meetings, presentations, and discussions.

Technical Review 36

Technical Review Budget Risk Management Monitoring 36

nTask

JANUARY 4, 2021

Unnatural termination refers to when an organization that has backed the project or where the project is commencing chooses that they are no longer willing to invest resources, time, and cost that is needed to complete the project. Reasons Why Aborting Your Project May Become Necessary.

Technical Review 148

Technical Review Risk Management Risk Software Review 148

Rebel’s Guide to PM

NOVEMBER 2, 2023

In the dynamic business environment, companies need accurate estimations for timely decision-making and futureproofing workforce availability against market volatilities. Resource forecasting helps managers answer questions like: Do I have sufficient capacity and skill sets to take on additional projects?

Underperforming Technical Team 305

Underperforming Technical Team Technical Review Software Review Estimate 305

International Institute for Learning

APRIL 5, 2023

All new AI inventions or technical breakthroughs will have both advantages and disadvantages. The world-wide project management community of practices is slowly recognizing how AI will be able to improve the practice of project management. Most people believe that the advantages or using AI greatly outweigh the disadvantages.

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Artificial Inteligence Underperforming Technical Team Technical Review PMO 59

Rebel’s Guide to PM

SEPTEMBER 3, 2021

This article will explain project contingency, how to calculate contingency and how to manage it within the scope of your projects. What is project contingency? Contingency can be defined as additional resources put aside to address potential risk and uncertainty in a project. Does the funding include contingency?

Technical Review 305

Technical Review Software Review Estimate Risk Management 305

Project Pulse Journal

MARCH 7, 2024

The Project Environment The project environment, characterized by internal and external factors, significantly influences the delivery of value within projects. This includes organizational culture, industry dynamics, regulatory requirements, technological advancements, and market trends.

Governance 52

Governance Government Technical Review Sustainability 52

Teamweek

JANUARY 28, 2021

No one likes missed deadlines, delayed project deliveries, and failed projects. And yet, according to PMI , over 11 percent of project investment is wasted due to poor project performance. Using project tracking software can help you reduce waste and deliver projects profitably.

Software Review 98

Software Review 2021 Software Technical Review 98

PM Basics

NOVEMBER 2, 2020

In this article, you’ll find the real-life project risk management plan example. It comes from my practical experience working on software development projects. Project Documentation Review. During a review of the Release Plan. Risk Management Budget should not exceed 15% of the overall project budget.

Risk Management 105

Risk Management Risk Planning Technical Review 105

Herding Cats

MAY 10, 2019

Information about key project cost, (technical) performance, and schedule attributes is often uncertain or unknown until late in the program. requires making estimates) ? Management of Novel Projects Under Conditions of High Uncertainty,” A. A Critical Review Of Risk Management Support Tools,” Irem Dikmen, M.

Risk Management 38

Risk Management Risk Technical Review 2002 38

Herding Cats

MAY 11, 2019

Let's start with a critical understanding of the purpose of managing risk on software development projects. Information about key project cost, (technical) performance and schedule attributes is often uncertain or unknown until late in the program. requires making estimates) ? reducible and irreducible ?

Risk Management 35

Risk Management Risk Technical Review 2002 35

Proofhub

NOVEMBER 12, 2019

For some, it is the team who works hard day and night to deliver every deliverable and deadlines within the project to make it successful. And for the rest, it takes the best of both (management and teamwork) to make a project successful. We will take a closer look at the various aspects of project management.

Software Review 60

Software Review Technical Review Monitoring Risk Management 60

Teamweek

DECEMBER 1, 2022

Even when you tell yourself that “this time is going to be different,” — but project costs somehow still manage to get out of control? Only 43% of projects are “mostly or always” completed on budget. Let’s talk about project cost management. ??. What is project cost management?

Project Cost 52

Project Cost Estimate Technical Review Budget 52

Herding Cats

MARCH 11, 2017

What happens if you shift focus from "accurate estimation" to "reliably shipping by a date"? . If your project has no uncertainty, there is no need to estimate. Turns out in the real world there is no such project. All estimates have precision and accuracy. Accuracy - how close is the estimate to the actual value?

2003 46

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Rebel’s Guide to PM

APRIL 5, 2024

PMBOK 7 talks about the 8 project performance domains. This article reviews and explains the 10 project management Knowledge Areas from the PMBOK® Guide -- Sixth Edition. Cost Management Cost management is basically managing funding for project activities. I would count money as a resource as well.

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PMI Risk Management Risk Technical Review 209

Herding Cats

AUGUST 12, 2016

Here's an article, recently referenced by a #NoEstimates twitter post. The headline is deceiving, the article DOES NOT suggest we don't need deadline, but that deadlines without credible assessment of their credibility are the source of many problems on large program. The Core Problem with Project Success. Just the estimate.

Technical Review 28

Technical Review 2003 Estimate Aerospace 28

Online PM Courses

SEPTEMBER 3, 2018

Project Cost Management often puts people off. But there’s little your project sponsor, your client, or their Finance Director care about more than your budget and how closely you can stick to it. Project cost over-runs are common. The governance considerations for project cost management.

Project Cost 72

Project Cost Prince2 Budget Governance 72

Rebel’s Guide to PM

MARCH 22, 2021

Resources are the largest contributor to successful project delivery , and project managers spend significant time planning and managing their activities. Both resource and project managers work in tandem to develop resourcing strategies for projects. What are the types of resources used in projects?

Construction 360

Construction Estimate Technical Review Software Review 360

Online PM Courses

JUNE 3, 2018

There are two reasons why Project Estimation is a big deal for project managers. And second, poor estimates are often a primary reason for a project cost or schedule over-run. What is Project Estimation? Why is Project Estimation so hard? The Estimation Knife Edge.

Estimate 72

Estimate Technical Review Underperforming Technical Team Agile 72

Project Pulse Journal

NOVEMBER 24, 2023

This is particularly useful in a process that cannot easily be predicted due to the intervention of random variables. It supports a detailed risk analysis, offering a range of probable outcomes instead of a single estimate. The costs being analyzed are Engineering, Marketing, and Information Technology (IT) Equipment.

Risk Management 52

Risk Management Risk Engineering Estimate 52

Teamweek

APRIL 22, 2024

We’ll explore and review each platform, with key features, pros and cons, integrations, and pricing. Analyze project performance with the Project Dashboard, see total billable amounts , and get forecasts for project completion. They can also add time and budget estimates to predict project performance.

2024 59

2024 Software Review Software Technical Review 59

Wrike

NOVEMBER 15, 2021

A rough order of magnitude estimate, also known as ROM, is an estimation of a project’s level of effort and cost to complete. ROM estimates take place early in a project life cycle and guide strategy and planning choices. Estimating a ROM is often thought of as an art.

Estimate 36

Estimate Risk Management Budget Project Life Cycle 36

Teamweek

APRIL 8, 2024

In this article, you’ll learn about the best agency time tracking software and choose the best one for your needs. I also compared their pricing and looked at reviews from other users. Toggl Track’s profitability reports show client and project profitability and forecast future revenue.

2024 59

2024 Software Review Software Estimate 59

Epicflow Blog

SEPTEMBER 1, 2022

Let’s figure it out in the article. . A Business Case in Project Management: Definition and Importance. According to the Project Management Body of Knowledge [1], a business case is a document that allows decision-makers to determine whether the project is worth the investment. should the project scope be reduced?

Initiating 52

Initiating Technical Review Software Review Executing 52

LiquidPlanner

MARCH 28, 2017

A seemingly simple question that can become a project management nightmare to manage. If you don’t give an answer, you’re viewed as incompetent and unable to estimate. After all, you’re the project manager!) No two projects are ever the same. Due to these ever changing factors, software projects are full of uncertainty.

Software Review 60

Software Review Software Technical Review Estimate 60

Herding Cats

MAY 7, 2019

This blog page is dedicated to the resources used to estimate software-intensive systems using traditional and agile development methods. Cost Modeling Agile Software Development,” Maarit Laanti and Petri Kettunen, International Transactions on Systems and Applications, Volume 1 Number 2, pp. Performance Evaluation of non?Markovian

Estimate 40

Estimate Software Review Software 2012 40

Epicflow Blog

MARCH 22, 2024

This article is inspired by the webinar featuring Epicflow co-founder Jan Willem Tromp and professor Mario Vanhoucke based on his latest book “The Illusion of Control: Project Data, Computer Algorithms and Human Intuition for Project Management and Control”.

Risk Management 52

Risk Management Controlling Risk Aerospace 52

Herding Cats

JANUARY 23, 2019

This knowledge starts with Reference Class Forecasting which is a method of predicting the future (cost, schedule, technical performance) by looking at similar past situations and their outcomes. For cost and schedule, there are databases containing 1,000's of past projects. Where do you find these Reference Classes ? .

Estimate 37

Estimate Technical Review Underperforming Technical Team Software Review 37

Herding Cats

FEBRUARY 9, 2019

40 - Estimation is a Problematic Practice of Companies Doing Dangerous Things. A #Noestimates advocate makes the claim that having a ±10% accuracy for estimates of cost and duration is a dangerous thing. Define the probabilistic ranges of the work in a single point estimate manner. Is this normal?

Estimate 42

Estimate Technical Review Underperforming Technical Team Software Review 42

Paymo App

FEBRUARY 8, 2018

Harvest – a time tracking and invoicing tool to ease project delivery and billing. Improve time estimates: You can use p reviously tracked time entries as the main indicator for your future projects. Through them, you’ll make better estimates for following tasks and set more accurate deadlines for similar projects.

2018 75

2018 Software Review Software Technical Review 75

Herding Cats

AUGUST 22, 2018

These are classic examples from an author who is either unskilled, untrained, and inexperienced in estimating software development. Or who willfully ignores the knowledge and resources readily available in textbooks, papers, tools, and training for how to create credible estimates for software systems. million euro Agile project.”.

Estimate 35

Estimate Underperforming Technical Team Technical Review Software Review 35

Herding Cats

NOVEMBER 7, 2016

Estimating is a learned skill, used for any purpose from every-day life to management of projects. When I left for the airport this morning to catch my flight to a customer site I estimated, given the conditions, how much time I need to get to my favorite parking spot at DIA. Google will find these when there is no URL provided.

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LiquidPlanner

MAY 29, 2018

We built LiquidPlanner based on the belief that teams work best when they organize tasks by priority, make best/worst case estimates, collaborate in one central location, and can rely on a scheduling engine that automatically updates whenever plan items change. Microsoft Project Pro for Office 365. LiquidPlanner. Collaboration.

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Estimate Technical Review Software Review 2010 37