article thumbnail

15 Powerful Benefits of Project Management

Project Bliss

Many organizations don’t fully understand the benefits of project management. This article was originally published on September 30, 2016, and has been updated. Can you easily explain the value you provide to an organization as a project manager? Budget and Cost Management .

article thumbnail

Managing Project Assumptions and Risks

The IIL Blog

Management Plans The project management plan is created at the beginning of the project and describes how the project will be executed. For example, the projects must be delivered by a certain date. For example, IF the project costs more than planned, THEN there are multiple potential impacts.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

5 Notorious Failed Projects & What We Can Learn from Them

ProjectManager.com

Surprisingly, Sony continued to produce Betamax all the way into 2016. But soon the market had options that were cheaper and better than Betamax, making it a failed project. But the state moved forward with the project until 1994, when it had to admit failure and end the project. The Lesson. The Lesson.

article thumbnail

Analogous and Parametric Estimating

MPUG

Microsoft Project, in its various releases (i.e., Online desktop, 2019, 2016, etc.), can become an accurate estimating tool for top-down (Analogous) and bottom-up (Parametric) estimating. This is accomplished by inserting custom columns and simple formulas. However, some tricks are necessary to get around user impediments.

Estimate 105
article thumbnail

Estimating is a Learned Skill

Herding Cats

The same process for estimating is applied to multi-billion dollar projects we work. And the same process is applied to the Scrum development processes on those projects. . Here's some materials that provide the tools and processes needed to learn how to estimate. Springer International Publishing, 2016. Pillai, and M.

article thumbnail

Software Estimating Resources

Herding Cats

Minku and Xin Yao, Automated Software Engineering, 28 December 2016. “SW SW Cost Estimation: Measuring Model Performance of Arbitrary Function Approximators,” Erik Stensrud, Ingunn Myrtveit, Discussion Paper 5/2002, Handelshøyskolen, Norwegian Business School, BI Open Archive. “A Ramakishore, IEEE Computer, 2016. Sharon and D.

article thumbnail

Risk Management Resources

Herding Cats

Information about key project cost, (technical) performance, and schedule attributes is often uncertain or unknown until late in the program. Project risk management: lessons learned from software development environment,” Young Hoon Kwak and Jim Stoddard,” Technovation , 24(11), pp. 2128, International Technical Paper , 2016.