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Rough Order of Magnitude (ROM): Understanding ROM Estimates

ProjectManager.com

Rough order of magnitude (ROM) can help you better estimate project costs. But what is ROM and how can you calculate ROM estimates? We’ll explain the process, define the term and detail the steps for making a rough order of magnitude estimate. As noted, the rough order of magnitude is a technique to estimate project costs.

Estimate 345
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Runn Software Review

Rebel’s Guide to PM

And if you can’t simply lean over the desk to ask Fred if he’s free next week to do something new, it’s hard. Summary review of Runn: If you find managing resources a headache because you never know who is free when, then check out what Runn can do. Resource management is one of the biggest challenges for project professionals.

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Troubleshooting in Lean-Agile Development

MPUG

Many project managers utilize a Lean-Agile approach when there is high change or churn in project requirements, significant lack of clarity in scope, high complexity to their projects, and/or a larger number of risks associated with such. Two Lean-Agile Types. Iteration-based Lean-Agile. Flow-based Lean-Agile. Flow-based.

Lean 64
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Return On Investment Vs Lean Agile Metrics for Strategic PMs

The Strategic Project Manager

However, the speed of change has made these methods less reliable – and ushered in a more lean-agile approach to metrics. This post examines the difference between ROI and Lean-Agile metrics, It identifies the key metrics of each, and the drivers behind those metrics. Value is delivered in small increments over time.

Lean 40
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Develop Better High Performing Teams

ProjectManager.com

It’s not solely about the decisions of executives though, it’s also about great project leaders learning to run fast and lean while developing high performing teams that can deliver value to their organization. percent of every dollar is wasted due to poor project performance — that’s $99 million for every $1 billion invested.”

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125 Project Management Buzzwords

The IIL Blog

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. The consideration is toward a potential project’s technical, economic, legal, operational, and scheduling factors.

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The Perfect Storm for The Project Economy

Leading Answers

These three trends are: 1) Accelerating rates of technology adoption. Eric Ries documented his lean startup methodology in 2008 as a way for organizations to adapt and experiment with new ideas and perform market tests. Access to power and less expensive technology also brings connectivity. It could already be happening.