March, 2016

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Evaluating Project Schedules Utilizing Quantitative Risk Analysis

Project Risk Coach

Do you remember the first time you missed a project deadline? I do. I recall the embarrassment for me and my team. I promised myself I would take proactive steps to mitigate this outcome for future projects. Why do projects take longer than expected? Often times, risks occur and project managers lack adequate schedule reserves. Once burned, many project managers start a bad habit – padding their project schedules.

Risk 218
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Kano analysis and Agile

Musings on Project Management

Kano analysis is a new product feature/function evaluation tool that gives visualization to feature/function relative merit over time as trends change. The usual presentation is a four-sector grid with trend lines that connect the sectors. The grids are defined by the horizontal and vertical scales that are easily set up on a white boad in the war room (don't take the word 'scale' too.

Agile 231
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Transport for London’s Signal Failure – £886m more than planned*

Ron Rosenhead

Horrible headlines and a horrible situation. The above costs come from a report published by Budget and Performance Committee of the London Assembly. Some of the statistics and comments in the report are astounding and some are below: · ….TfL has grossly mismanaged its signalling contract with Bombardier, which means that anyone taking the District, Circle, Metropolitan, or Hammersmith & City lines will have to wait five years longer than originally expected to see the improvements.

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How 6 Real Managers Get A Work/Life Balance

Rebel’s Guide to PM

Work/life balance comes up time and time again when I speak to people. We’re all desperate for a bit more time in the day, either to fit in more work or to fit in more slippers-and-TV time or something inbetween. For me, an extra hour in the day would probably just mean more pushing Thomas trains around the wooden track. Read on to see the advice that 6 real project managers have for getting a meaningful work/life balance.

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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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What challenges will project managers face a decade from now?

Kiron Bondale

The hurdles which today’s project managers face are likely to be replaced by new threats over time. For example, when the profession first started to be formalized, the tools weren’t available to facilitate highly virtual projects and hence the advantages and disadvantages of those types of projects weren’t realized. Improvements in virtual reality technologies, near zero communication latency, increased global literary, self-serve professional development and crowdsourcing bec

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How To Better Your Qualitative Risk Analysis

Project Risk Coach

Last week, we looked at why we evaluate risks — it saves time and money by allowing us to focus on the risks that matter most. Before we look at HOW to improve your qualitative risk analysis, allow me to share one more quick example of WHY it’s important. Have you ever had a termite guy (you know — the guys from Bugs-R-Us or whatever) check your house?

Risk 236
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Did I mention: no more self-organizing teams?

Musings on Project Management

I like headlines that have a simple message This one--No more self-organizing teams--caught my eye for three reasons: I agree with the sentiment It was written by Jim Highsmith, who rights some good stuff I have an interest in leadership per se Now, to be fair, Mike Cohn has an excellent counter-point blog, except he more or less supports the thesis we present here when he (Mike) quotes.

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Performance management report for project sponsors- must do better

Ron Rosenhead

The group were sipping coffee and chatting until I interrupted them. I asked them take a look at the question posed putting some thoughts onto post it notes. The question was: So what is project sponsorship like in your organisation? Slowly, they started to write. I called a halt just before I started speaking (this was an event hosted by the British Computer Society in central London.).

2016 150
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What I’m Reading [March 2016]

Rebel’s Guide to PM

It’s been an odd month for reading. I’ve tried to choose things to read that are short because while I like the escape of a novel, I am struggling to find the brainpower to commit to anything for any length of time. I read The Half Truth *, by Sue Fortin, a story with a cover that belies what it is really about. It is far better and more gripping than you are led to believe.

2016 153
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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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Don’t over-process your project management communications!

Kiron Bondale

I wrote an article in October 2015 describing how the eight forms of waste (a foundational lean tool) can affect project teams. Let’s do a deeper dive into the waste of over-processing. Over-processing occurs whenever someone continues to work on an activity past the point where it would be deemed acceptable from a customer’s perspective or past the point where meaningful value is being added.

Process 120
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Manage & strealmine your PMO with a free trial from Clarizen

The Digital Project Manager

Posted in General Tools. [link]. Yesterday’s PMO was plagued with some serious issues: ineffective resource management, lack of visibility and inability to demonstrate value. Fortunately, Clarizen’s new approach can help you to better manage and streamline any PMO, whether it’s a legacy group or a newly formed organization. Sign up for a 30-day trial.

PMO 120
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How To Better Your Quantitative Risk Analysis

Project Risk Coach

How can we better your quantitative risk analysis? Let’s talk about what it is, why it’s important, when you need to perform it, and a few techniques you can use. If you can’t see this video in your RSS reader or email, then click here. What is Quantitative Risk Analysis? When a doctor says you have a high temperature, she is describing your temperature in qualitative terms.

Risk 210
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Backlog blocked?

Musings on Project Management

Yikes! My backlog is blocked! How can this be? We're agile. or maybe we've become de-agiled. Can that happen? Ah yes, we're agile, but perhaps not everything in the portfolio is agile; indeed, perhaps not everything in the project is agile. In the event, coupling the culprit Coupling? Coupling is system engineering speak for transferring one effect onto another, or causing an effect by.

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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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Are you bridging the gap between vision and delivery?

Susanne Madsen

According to Harvard Business Review (HBR), being forward-looking and enlisting others in a shared view of the future is one of the attributes that most distinguishes leaders from non-leaders. In an ongoing survey, HBR asked tens of thousands of people around the world what attributes they were looking for and most admire in a leader. The number one requirement—honesty—was also the top-ranking attribute of a good colleague.

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How to present your project plan to a client | TeamGantt Blog

TeamGantt

Get tactical advice on how to ensure your client understands the details of your project plan so you can set clear expectations and maximize buy-in.

Planning 113
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Most small to midsize businesses are still not using PM software

Paymo App

That’s the key finding of a recent report released by research and reviews firm Software Advice. The company receives hundreds of project management software consultation requests annually and has selected for this study a random sample of recent consultations to learn more about SMB buyers searching for cloud-based PM solutions. In this context PM software acquisition remains a top business priority.

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Tool Review: Wrike – project management and collaboration software

The Digital Project Manager

Posted in General Tools. Could Wrike be the answer to your project management software woes? A growing number of big digital companies like Paypal, Gapgemni and Hootsuite seem to think so – they’ve begun using Wrike as a project management software solution to manage their digital projects. We all know how on large projects, with lots of resources, stakeholders, dependencies and complexity you’re going to find yourself drowning if you’re not equipped with the right tools.

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The Big Payoff of Application Analytics

Outdated or absent analytics won’t cut it in today’s data-driven applications – not for your end users, your development team, or your business. That’s what drove the five companies in this e-book to change their approach to analytics. Download this e-book to learn about the unique problems each company faced and how they achieved huge returns beyond expectation by embedding analytics into applications.

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12 Wonderful Ways To Improve Your Risk Management

Project Risk Coach

John Smith was hired as a new project manager at a leasing company, and he was assigned a small project with a team of six people. The project goal was to reduce customer billing defects by 10% before the end of the year. How well did John use risk management to accomplish his goal? He and his team completed a project plan and identified project risks.

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Leadership -- introverted

Musings on Project Management

The introverted leader: is this an oxymoron? In my experience: definitely not. And, my experience aligns well with Susan Cain's popular book Quiet: The Power of Introverts in a World That Can't Stop Talking. And by introverted, we mean: Someone who gets more energy out of quiet time--loner time, even if in an open plan--than they do mixing in a group.

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The Stakeholder in the Stakeholder; Overcoming Adversity

Green Project Management

According to ISO 21500, Guidance on Project Management, a stakeholder is a person, group or organization that has interests in, or can affect, be affected by, or perceive itself to be affected by, any aspect of the project. It is commonly taught that stakeholders are identified, analyzed and managed. Manage however is a curious word. […]. The post The Stakeholder in the Stakeholder; Overcoming Adversity appeared first on Delivering a better world, one project at a time.

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Project Brief Definitions & Template: Download Now | TeamGantt

TeamGantt

Master how to write a project brief, review brief examples, & learn why it’s vital to include a brief in your project plan with TeamGantt.

Planning 114
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How to Stay Competitive in the Evolving State of Martech

Marketing technology is essential for B2B marketers to stay competitive in a rapidly changing digital landscape — and with 53% of marketers experiencing legacy technology issues and limitations, they’re researching innovations to expand and refine their technology stacks. To help practitioners keep up with the rapidly evolving martech landscape, this special report will discuss: How practitioners are integrating technologies and systems to encourage information-sharing between departments and pr

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A Clear Vision for DPM

Brett Harned

I've been thinking a good deal about the principles that should guide our community. But what rolls up to those principles is the vision you have for the role you play in your day-to-day as a digital project manager (or whatever similar title you may hold). The way you present your role and value to the people you work with is so important to your success as a DPM.

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How Meena Dowlwani Delivers Career Results For New Canadians

Project Management Hacks

Meena Dowlwani​, CHRM. Moving to a new country is exciting. Immigration is often the result of months or years of planning, research and logistics. Unfortunately, many highly educated and capable new Canadians struggle to find rewarding professional opportunities. It doesn’t have to be that way. Enter Meena Dowlwani. Among other roles, she serves as a Humber College instructor who has achieved great career results since arriving in Canada in 1999.

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How to Save Time and Money By Evaluating Risks

Project Risk Coach

Evaluating risks save you time and money. Too often, project managers assign resources and spend money to manage risks that are unnecessary. Because these project managers do not know whether certain threats are significant, they may respond in ways that cause more harm than good. Photo courtesy of DollarPhotoClub.com (edited in Canva). I learned a lot about evaluating risks as a cotton scout in the early 80s.

Risk 218
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Agile Phases

Musings on Project Management

In the beginning, there was pre-history Agile, almost prehistoric era: Before 2000 and the meeting in Utah that birthed modern Agile Rogue developers trying various "light weight" and "rapid" prototyping and coding practices. In the SEI world, a ghastly level 1 operation of different strokes for different folks Everyone else slaving to command and control -- SEI maturity model uber alles!

Agile 150
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From Complexity to Clarity: Strategies for Effective Compliance and Security Measures

Speaker: Erika R. Bales, Esq.

When we talk about “compliance and security," most companies want to ensure that steps are being taken to protect what they value most – people, data, real or personal property, intellectual property, digital assets, or any other number of other things - and it’s more important than ever that safeguards are in place. Let’s step back and focus on the idea that no matter how complicated the compliance and security regime, it should be able to be distilled down to a checklist.