Trending Articles

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How to Improve Production Efficiency in Manufacturing

ProjectManager.com

Manufacturers, as in all businesses, are constantly seeking efficiencies that reduce costs while maintaining the production of quality goods. This is, of course, easier said than done. However, manufacturers have methods, such as production efficiency, to help achieve these goals. What is production efficiency and how does an organization calculate it?

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Cost: Let's review

Musings on Project Management

How many ways are there to say "Cost"?Certainly, more than one!When "they" ask: 'How do YOU manage cost?", your answer is: 'It's complicated' because there are so many varieties of 'cost'.

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Interim Investing and ESG: The Evolution of Investment Strategies in Projects

Green Project Management

In recent years, Environmental, Social, and Governance (ESG) criteria have rapidly moved from the fringes to the forefront of global investment strategies, profoundly influencing how projects are evaluated, financed, and implemented. This seismic shift reflects a broader acknowledgment within the investment community of the significant impact that sustainable practices have on long-term profitability and risk […] The post Interim Investing and ESG: The Evolution of Investment Strategies in

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Importance of Scenario Planning and Analysis in Business

ProjectManager.com

Businesses are always straining to look around the corner and see what the future has in store for them. Being able to prepare for the changes in the market can set up a business to take advantage of these opportunities and grow larger and more profitable. This is called scenario planning. To better position a business to be prepared to respond to the unknown, learn what scenario planning is and what the different types of scenario planning are.

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The Project Clinic: Assessing Project Health, Planning, and Execution

Speaker: Ketan Jahagirdar

Picture your projects as patients, each with its own unique rhythm and pulse, thriving under your care 🥼 🩺 Step into the role of an innovative project doctor in our upcoming webinar! This session is your guide to evaluating the health of your projects through Waterfall and Agile practices like Scrum and Kanban. We’ll explore the vital signs of project success through the lens of the “iron triangle” metrics, unveiling how deliverables translate into measurable outputs.

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Managing Money on Projects: Training (June 2024)

Rebel’s Guide to PM

Do you want to better understand your project finances under control, even if you don’t have much experience managing money on projects? You might have studied project budgeting as part of a training course. You might have read a lot about how to manage the finances, but now you feel more confused than ever, trying to piece it all together on your own!

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What is an Agile Release Train? (ART)

Online PM Courses

In this video, I answer the question, what is an Agile Release Train (ART) in the Scaled Agile Framework (SAFe)? The post What is an Agile Release Train? (ART) appeared first on OnlinePMCourses.

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RAG Status in Project Management: Importance & Benefits

ProjectManager.com

Key performance indicators (KPIs) provide projects with a lot of data. But to know whether those KPIs are on target requires more than just a gut feeling. You need a way to quickly and expertly evaluate whether project goals are being met. That’s what a RAG status does. RAG status begins with understanding the acronym and how RAG status is used in project management.

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The role of Leadership in IT Service Management

The IIL Blog

By Lucy Grimwade IT Service Management (ITSM) and leadership plays a pivotal role in steering organisations towards success. All businesses, no matter their size or industry, rely on technology for their day-to-day operations. So, the significance of effective leadership within ITSM cannot be overlooked. Leadership in this context not only guides strategic direction and technogical adoption but also supports the teams responsible for implementing and managing IT services.

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Risk Management: Chains and funnels

Musings on Project Management

What to make of chains and funnels? And, if I also stick in anchors, does it help? What I'm actually talking about is conjunctive events, disjunctive events, and anchor bias:Conjunctive events are chains of event for which every link in the chain must be a success or the chain fails. Success of the chain is the product of each link's success metric.

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Toward a Unified Project Management Understanding

The objective of this research is to dispel misunderstandings about crucial project management terms and their definitions. It aims to accurately place these terms and facilitate a comprehensive global understanding of their meanings.

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Can a Project Manager be a Scrum Master?

Scrum.org

When companies dip their toe in Agile waters, they often start by simply trying out an Agile framework such as Scrum to deliver something relatively small, such as a project. And that's a great way to start. However, with this comes the question: Can a Project Manager be a Scrum Master? The answer is yes - but with caution. While the transition may require some adjustment and a shift in mindset, Project Managers possess a wealth of experience and skills that can - for many - actually be benefici

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Ganttic Update: Duplicating Accounts

Ganttic

As we get to the midpoint of 2024, we’ve been hard at work developing new features that make your Ganttic planning even better. Our latest update includes an easy way to duplicate your account settings. Perfect for managers in charge of multiple accounts, or those looking for a clean planner for sandbox style planning and API testing. Read on to find out about the Create New Account function in Ganttic.

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10 Steps for Successful Project Completion (Templates Included)

ProjectManager.com

Project planning, execution, monitoring and controlling are often the focus of project management. Even project initiation gets attention, but project completion is usually mentioned as an afterthought. That’s a mistake. Every phase of a project is important. Project completion is more than delivering on time, within budget and meeting quality expectations.

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Change Management in Transformation Projects : A Look Back at Some of the Essentials

The IIL Blog

By Olivia LE JEUNE and Jean-Roch HOULLIER Change management can be defined as all the operations carried out within an organization to enable it to adapt to change and environmental evolution. It is particularly human-centered, with cultural, behavioral, and social components for the individuals and teams affected. Here’s an insight based on our experience of change management within our projects.

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Navigating the Future: Generative AI, Application Analytics, and Data

Generative AI is upending the way product developers & end-users alike are interacting with data. Despite the potential of AI, many are left with questions about the future of product development: How will AI impact my business and contribute to its success? What can product managers and developers expect in the future with the widespread adoption of AI?

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Leadership-Risk linkage

Musings on Project Management

When applying the principle of "calculated risk", leaders should pick subordinates with the intellectual subtlety to evalutate strategic and operational problems in their full context. They should be given the latitude to judge just how much risk is appropriate given the value of the objective and the balance of resources. Paraphrased from the writings of historian Craig L.

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Great Developers go beyond coding

Scrum.org

Most of us have the same image of a good Developer in our minds: someone who puts their head down and diligently types away, checking tasks off a list: ticket in, ticket out. They are reliable, productive, and usually keep themselves out of the way. This is all well and good, but we want to challenge this notion by showing how a great Developer can be something more.

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How to Estimate Your Project Schedule

Online PM Courses

Arriving at a robust project schedule is hard. But, in this video, I will break it down into a simple process with three phases and 10 steps The post How to Estimate Your Project Schedule appeared first on OnlinePMCourses.

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Capacity Management in Business Operations

ProjectManager.com

Businesses need to thrive, grow more profitably and stay competitive in a marketplace that is constantly changing. That means increasing their output to the greatest extent possible. The process of achieving that goal is called capacity management. To understand capacity management, we’ll first fully define the term, list the different types and explain why it’s so important in operations management.

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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 Art of Project Management: Essential Upskilling Strategies for Success

The IIL Blog

By Steven Briggs May 8, 2024 Learning and development are crucial for professionals seeking to advance their careers, as it equips them with the necessary tools and skills needed to facilitate professional growth and reach their goals. Project managers keen on levelling up in this field are well aware of the future benefits this industry offers. At present, project management is a high-income field, with many employment opportunities in various industries such as Information Technology (IT), fin

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From Utopia to Reality: Project Management’s Origins in Literature to Our Mandate

Green Project Management

As a student of project management, it’s fascinating to explore the earliest discussions of projects and their societal impacts. Understanding the origins of project management provides some insights into how early thinkers conceptualized organized tasks for the benefit of society. This post shares the foundational ideas that have influenced modern practices, showcasing the evolution of […] The post From Utopia to Reality: Project Management’s Origins in Literature to Our Mandate app

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Incremental Delivery controls risk

Scrum.org

I really can’t let this incremental delivery topic go. According to the 2020 Scrum Guide , “Scrum employs an iterative, incremental approach to optimize predictability and to control risk.” This means that Scrum teams deliver a done, usable increment of working product frequently. Here's an analogy to explain incremental delivery in a simple way. Imagine if you needed to deliver a giant hexagon.

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How to Manage Several Projects at Once

Velociteach

Managing multiple projects simultaneously is a common challenge for most project managers. Balancing competing priorities, aligning different project teams, and maintaining productivity can seem daunting. Drawing insights from Elizabeth Harrin’s expertise as shared in the podcast episode from “Manage This,” along with additional strategies and tools, this blog explores effective ways to juggle multiple projects […] The post How to Manage Several Projects at Once appeared first on PMP Certi

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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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Warehouse Optimization: Importance, Benefits & Tips

ProjectManager.com

Warehouses store goods for businesses. They’re also a place of work where orders are received, picked, packed and shipped to customers. Warehouse optimization is a process by which businesses try to make those activities as efficient as possible. To do so, there are several warehouse optimization techniques that we’ll list and define below. We’ll also explain how warehouse optimization fits into warehouse management, why it’s important and the benefits of optimizing warehouse process

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Key Insights to Expect at AgileCon2024!

The IIL Blog

By Lori Milhaven & Ashley Jorgensen AgileCon2024 is a premier online conference for professionals interested in Agile methodologies or simply looking to support more adaptable ways of working across their teams and organizations. Join us as our incredible lineup of Agile thought leaders and practitioners take the virtual stage to share their expertise learned from years of practical experience working in Agile environments and organizations.

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The Role of Infrastructure in Cloud Financial Optimization

Leading Agile

After extensive evaluation and comparison of multiple vendors’ proposals, your team selected a cloud vendor and began migrating workloads to the cloud. You expected to have a bump in costs during the transition, but now you’re in what is supposed to be the “to be” state of your cloud migration , and the benefits in your benefits case aren’t materializing.

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DevOps and Agile are two sides of the same Coin!

Scrum.org

From my early days as a developer, encountering the challenges that paved the way for DevOps at Merrill Lynch, to the eventual understanding and implementation of DevOps philosophies, my journey has been both enlightening and transformative. This evolution wasn't just about adopting new tools or practices; it was about a fundamental shift in how we approach software development and operations.

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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