Thu.Oct 05, 2023

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Project Management & AI: Bring It On

Velociteach

Artificial Intelligence (AI) will transform project management. Gartner estimated that AI may replace 80% of project management activities by 2030. A recent article in the Harvard Business Review described “ How AI Will Transform Project Management.” I say, “Bring it on!” I look forward to the opportunity. AI is powerful, potentially disruptive, and will change what project managers do and how they work.

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Best Cost Control Techniques

ProjectManager.com

Whether you’re managing a project in construction or manufacturing, keeping costs down is paramount. The lower your costs, the higher your profits. It’s as simple as that. This is why in project management and business in general cost control is so important. To understand cost control, let’s first define it and then we’ll show the steps you can take to implement cost control.

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Scrum's Role in Leadership Decisions: A Clarification

Scrum.org

Navigating the world of Scrum, I've often encountered a recurring question: How does Scrum assist leadership teams in selecting the most valuable work? The answer might surprise some: it doesn't. Scrum, in its essence, is a framework. It doesn't possess the magic wand to point out which tasks or projects are of utmost value. That responsibility, my friends, rests with the leadership.

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Localization of Explainer Videos: Bridging Global Brands to Local Hearts

Productivity Land

In an age of unprecedented digital communication, businesses are not confined by geographical boundaries. With most of the world’s population having access to the internet, it’s now possible for a brand from one corner of the globe to cater to consumers in another. As a result, the significance of effectively communicating across different cultures, languages, and regions has surged.

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Understand Digital Debt, Form a Team, Set Goals, and Plan Roadmap for Transformation

Understanding digital debt is crucial before digital transformation. Assemble a team to assess internal operations, market pressures, and digital debt's impact. Define future digital vision with measurable goals. Refine hypotheses and conduct market analysis. Develop a roadmap for transformation with defined projects, cost estimates, and governance.

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The Definition of Done: Ensuring Quality without Compromising Value

Scrum.org

The Definition of Done (DoD) is a sacrosanct measure of quality, ensuring that every piece of work meets the standards necessary for release. On the other hand, acceptance criteria focus on the work's content. Merging the two can risk the integrity of a working, usable product. This article delves into the nuances of maintaining the sanctity of the DoD while ensuring the delivery of valuable increments.

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Exploring the Pros and Cons of the Product Goal

Leading Agile

In 2020, the Scrum Guide introduced the idea of the Product Goal, but left out anything about Vision. Was this move better or worse for Scrum teams?In this short podcast, Vic Bonacci and Dave Prior, our two resident CSTs, sit down to discuss the difference between product goals and vision and the impact this change is making on Scrum Teams. Want to Listen Instead?

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Prioritizing for Productivity: Leveraging the Eisenhower Matrix

Wrike

In today’s fast-paced world, juggling multiple tasks and responsibilities has become the norm for many individuals. Whether you’re a professional striving to meet deadlines or a student managing various commitments, effective prioritization is key to maintaining productivity. One tool that can greatly assist in this endeavor is the Eisenhower Matrix.

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How living the Scrum Values improves your Product Backlog (39)

Scrum.org

? The more people become proficient in living the Scrum values, the more successful the use of Scrum will be. When the Scrum values are embodied by the Scrum Team and the people they work with, the empirical Scrum pillars come to life, building trust. Reminder: the Scrum Values are Commitment, Focus, Openness, Respect, and Courage. Is there any impact of living (or not) the Scrum Values on the Artifacts.?

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Perfecting Production: An Introduction to Material Requirements Planning

Wrike

Material Requirements Planning (MRP) is a crucial tool that helps businesses optimize their production processes. By efficiently managing inventory, resources, and scheduling, MRP plays a vital role in enhancing productivity, reducing costs, and ensuring customer satisfaction. In this article, we will delve into the foundations of Material Requirements Planning, its key components, implementation steps, common challenges, and the future trends to watch.

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Strategic Project Finance Essentials: A Project Manager’s Guide to Financial Metrics

Speaker: Ketan Jahagirdar - Sopheon’s Director of Product Management

Empower yourself as a project manager with insights that directly influence the financial landscape and strategic direction of your organization! Join us for a deep dive into the world of financial strategy, as we dissect key metrics that drive CFOs and business leaders’ investment decisions. This session will equip you with the necessary tools to craft compelling business cases as well as a comprehensive understanding of the crucial distinction between capital expenditure and operational expend

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4 Concepts Your New Project Managers Need to Know

GoSkills

Do you need to get new managers up to speed on project management concepts quickly? It starts with them understanding these 4 concepts.

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Bridging the Divide: Understanding Gap Analysis and Its Importance

Wrike

Gap analysis is a crucial tool in any organization’s arsenal, helping to bridge the divide between the current state and the desired state. By identifying gaps in performance, products, or market positioning, businesses can develop strategies to achieve their goals effectively. In this article, we will dive into the concept of gap analysis, its key components, the importance it holds in strategic planning and operational efficiency, the process of conducting it, the various types of gap an

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Mastering Inventory: A Deep Dive into Material Requirements Planning (MRP)

Wrike

Inventory management is a crucial aspect of any business that deals with physical products. In order to ensure smooth operations and efficient production processes, organizations must have a firm grasp on their inventory levels and requirements. One highly effective approach to achieving this is through Material Requirements Planning (MRP), a system that helps to optimize inventory control and streamline production processes.

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Ensuring Robustness: The Crucial Role of Negative Testing

Wrike

In today’s fast-paced digital world, where software applications play a pivotal role in our personal and professional lives, ensuring robustness and reliability has become more crucial than ever. One effective technique that helps achieve this goal is negative testing. In this article, we will explore the concept of negative testing, delve into its process and impact on software quality, discuss the challenges it presents, and shed light on future trends in this domain.

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Acclaim Projects Helps Deliver Innovation Projects on Time and on Budget

This large intercity transportation company for people and freight employs 100+ IT employees and contractors across North America and Europe and spends $10MM annually for approximately 50 inflight projects. The company needed the right financial tools to budget for innovation initiatives and real-time information on spending and forecasting. This transportation company turned to Acclaim Projects by Sopheon to help deliver projects on time and within budget.

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Moving Deals Forward: Best Practices for Pipeline Management

Wrike

In today’s business landscape, effective pipeline management is crucial for organizations looking to stay ahead of the competition. A well-managed sales pipeline can not only help drive revenue growth but also provide valuable insights into the health of a company’s sales process. This article will explore the key components of pipeline management and highlight best practices for optimizing your sales pipeline.

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Safe Partnerships: A Guide to Effective Vendor Risk Management

Wrike

In today’s interconnected business landscape, organizations increasingly rely on external vendors to meet their operational needs. While these partnerships can bring numerous benefits, they also introduce a level of risk that must be effectively managed. Vendor risk management is a critical discipline that ensures businesses can safely engage with external partners while safeguarding their own interests.

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Pursuing Excellence: The Continual Quest for Quality Improvement

Wrike

In today’s rapidly changing world, excellence has become a crucial element in various fields. Businesses strive for excellence to attract customers, while educational institutions aim for excellence to produce successful graduates. Whether it’s in the realm of technology, healthcare, or any other industry, the pursuit of excellence has become a fundamental aspect of achieving quality improvement.

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Problem-Solving in Practice: Implementing Effective Corrective Actions

Wrike

In today’s fast-paced business environment, effective problem-solving is essential for organizations to thrive and stay competitive. The ability to identify and address issues in a timely and efficient manner can make the difference between success and failure. In this article, we will explore the various aspects of problem-solving and how to implement effective corrective actions to resolve them.

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20 Common Mistakes Made by Inexperienced Project Managers

You’ve read the PMBOK® Guide several times, taken the certification exam for project managers, passed, and you are now a PMP®. So why do you keep making rookie mistakes? This whitepaper shows 20 of the most common mistakes that young or inexperienced project managers make, issues that can cost significant time and money. It's a good starting point for understanding how and why many PMs get themsleves into trouble, and provides guidance on the types of issues that PMs need to understand.

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Data Analysis Made Easy: Unleashing the Power of Pivot Sheets

Wrike

Data analysis is a crucial skill in today’s data-driven world. By carefully examining and interpreting data, businesses and individuals can gain valuable insights that drive informed decision-making. However, the process of data analysis can often be overwhelming and time-consuming, especially when dealing with large datasets. But fear not, there is a solution that can make your data analysis journey much smoother – pivot sheets.