The Magic 7 Project Portfolio Management Process Steps

Project-Management.pm

Countless business articles have provided you viable information regarding project portfolio management , accompanied by its objective, the roles of the portfolio manager, and the benefits of the project portfolio management as a whole. But how does one exactly execute project portfolio management? Implementing project portfolio management takes more than just assessment, evaluation, and tracking. Project Portfolio Management Process Steps : #5 – Balance is Key.

2017 94

Five Ways to Improve Project Communication

Project Risk Coach

Communication is the vehicle for successful projects. From the beginning to the end of a project, the project manager and team must plan, execute, and deliver the required products and services while interacting with stakeholders. What are you doing to improve your project communication? Project managers are not lone rangers. Consider the following project activities that require communication: Developing a project charter. Project Management Institute.

2017 212
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37 Practical Ways to Improve Your Project Communication

Project Risk Coach

Are you looking for ways to improve your project communication? Most project managers know that 90% of their time is spent in communicating – hearing, speaking, and seeking to understand. Project managers constantly communicate — coaching, summarizing action items, influencing stakeholders, educating team members, listening, facilitating decisions, creating a contract with a third party, escalating an issue, and meeting with a project sponsor, to name a few.

2017 221

How to Communicate Risks

Project Risk Coach

How do you communicate risks? Some project managers rarely mention risks; others bore people to tears with too much information. Ninety percent of a project manager’s job is communication. And one of the most important things to communicate is your risks. The communication process can be challenging. How can we communicate risks more effectively? Communicating Risks. How would you like for me to communicate with you?

Risk 163

Five Bad Communication Habits to Avoid

Project Risk Coach

When I teach project management, I often ask, “What are the top contributors to challenged or failed projects?” Without exception, I hear—poor communication. Project managers understand the importance. Let’s look at five bad communication habits to avoid and what to do about each. The single biggest problem in communication is the illusion that it has taken place.”… Communicating only once. How to improve: Plan your communication activities.

2017 188

Five Bad Communication Habits to Avoid

Project Risk Coach

When I teach project management, I often ask, “What are the top contributors to challenged or failed projects?” Without exception, I hear—poor communication. Project managers understand the importance. Let’s look at five bad communication habits to avoid and what to do about each. The single biggest problem in communication is the illusion that it has taken place.”… Communicating only once. How to improve: Plan your communication activities.

2017 174

How to Become a Better Communicator

Project Risk Coach

Project managers spend a large part of each day communicating—facilitating meetings, emailing stakeholders, responding to texts, writing reports, and having one-on-one conversations. We are so busy, we rarely take the time to think about the effectiveness of our communication. How can we become a better communicator? Pick one or two and work on improving your communication this week. Becoming a Better Communicator. Study Great Communicators.

2017 190

Want to get ahead at work? Stop doing these 10 things

Project-Management.pm

If you have identified pain points in the production process, meetings are an opportunity to share your insights. Healthy communication is the backbone of a team. While working on your daily and weekly plans, you will learn a very valuable skill – time management. Communication Management Project ManagementWhether you are a freelancer or work for an organization, achieving desired productivity isn’t easy and becomes an issue sooner or later.

2017 86

Project Management Communication Tools [Book Review]

Girl's Guide to PM

When Bill Dow asked if I wanted to review his book on project management communication tools, I jumped at the opportunity. Everything You Ever Wanted To Know About Project Communication. Seriously, this book contains everything you ever wanted to know about all the tools and documents available to you for communicating about your project. The third part covers the same tools but looks at them across the life cycle and processes. A Broad Brush for Communication.

2017 207

Your Ultimate Guide To Portfolio Management Tools

Project-Management.pm

Large projects call for complex processes and the need for more management procedures. When you tackle larger and more complex projects, the following management procedures need to be up to date and these are aided by tools, methodologies , and strategies. These challenges and issues are mitigated or contained by the following portfolio management tools that cater to projects to be more productive and capable to deliver it on time. Portfolio Management Tools.

2017 103

What is Project Portfolio Management : The Basics

Project-Management.pm

What is Portfolio Management? It’s one of those questions that can be really complicated when someone is not really that familiar with project or portfolio management. And what is project portfolio management being one of the questions that needs further understanding. This is the outer layer of what is project portfolio management. Additionally, it also creates improved communication within the team in terms of task management and performance.

2017 111

The Tyranny of the Urgent - and how to manage it

Project Health Check

which I broadly categorise into two: Someone doesn't have the information they need when they need it - this is about Communication There is an issue that requires you to resolve it - this is about Issue Management & Escalations I suggest a four-stage approach to better manage these urgent requests: (1) Do your basic Project Planning right We all know the Project Management textbooks, and often cast them aside once we've passed the relevant exam. Issue Management

2017 152

The 20 Education Venues for Online Master of Project Management

Project-Management.pm

An online master of project management is one of the best investments one has in order to advance his or her certification levels or acquire one. Organizations need project managers who can juggle different operations and processes, all the while achieving the end result of the projects. This is how the online master of project management comes in. The online master of project management is different based on the school. Advanced Project Management.

2017 94

The 10 Project Portfolio Management KPI To Adopt

Project-Management.pm

These metrics are meant to assist managers and their teams to gain a chance of the project success or an expected ROI benefit. Project portfolio management KPI are helpful methods or tools in ensuring that projects are aligned to the business objectives or that they provide value or return once the delivery is finished. Project Portfolio Management KPI. Project portfolio management KPI are not equal—they can work on one organization, but not on the other.

2017 95

Portfolio Management Best Practices : Doing the Right Way

Project-Management.pm

Imagine this scenario: you are a president of a particular project management division under a certain company. Why do these projects still end up into ruin even portfolio management is implemented? Portfolio management , with its numerous advantages, is an effective tool for organizations to gain success with their projects. It is still expected that you will do your part— that means using portfolio management to its full potential. The issue with management.

2017 93

Benefits of Project Portfolio Management : A Competitive Advantage

Project-Management.pm

Making small things bigger through methodologies is one of the prime adages of project portfolio management. Considered to be the answer to the woes of managers who are lost in the sea of too many projects, project portfolio management offers a lot of benefits that are great contributors in a company’s structure. These benefits of project portfolio management need work, albeit it’s a valuable adversary in project wars. Portfolio Strategic Management.

2017 89

How to Achieve Successful Project Management With Just 8 Simple Steps?

Project-Management.pm

A successful project management is basically out of reach if your project keeps failing and failing and traped in a loophole of unsolved issues and challenges. As failures add up, the business industry has become a complicated web of industry; so how can you achieve successful project management out of it? Steps to Successful Project Management Achievement : . Make Your Stakeholders and Management Commit. They have to be clear and communicated to all teams involved.

2017 95

Understanding the Roles of the Project Portfolio Manager

Project-Management.pm

Management is very important within any organization. The management is also responsible for planning, executing, and finalizing projects. It is at the very top of the governance hierarchy; each process involved in a project consists of management. With varying management comes its own respective managers. In Focus: Project Portfolio and Project Portfolio Manager. The Roles of the Project Portfolio Manager. Portfolio Strategic Management.

2017 95

Your Crash Course on PPM Software

Project-Management.pm

It’s the usual grind, but sometimes a grind that is an eternal struggle; tasks that are so time-consuming, they become too difficult to manage, a sloppy result despite careful planning, and irresponsibility on the part of staff. Project Portfolio Management (PPM) software warrants managers in charge to deal with advanced project endeavors easier. Efficient task management. Budget analysis and management is smoother. Resource management made easy.

2017 72

Why You Need to Project Portfolio Management Software Right Now ?

Project-Management.pm

This applies to project portfolio management software. A project portfolio alone has hundreds of thousands of tools devoted to this management software, but they have common benefits and value such improved team communication and collaboration and implementing a more organized schedule. The debate is still ongoing project portfolio management software is a necessary tool to embed in a company’s infrastructure or not. A More Efficient Resource Management.

2017 76

Bridging The Gap Between Portfolio Management Metrics and Your Organization’s Strategic Solutions

Project-Management.pm

From this birth of a technology that the industry has witnessed the rise of Project Management Office (PMO). One of the key areas of such discipline is the project portfolio management. Such management standard helps organizations return higher value in their projects by balancing these as well as their existing resources and cost. Portfolio management metrics measure everything from performance to cost estimation and even to resource management.

2017 66

Project Management Checklist for the Modern Agency [download]

Function Point

Project Management Checklist for the Modern Agency [download]. But a lack of emphasis on project management can seriously derail your creative team’s best efforts. This is where a Project Management Checklist can help keep you on track. . Without a strong project management process, even the most talented creatives suffer from poor time management, lack of project clarity and confusion, leaving agency leaders to risk missed deadlines, scope creep and refusal to pay.

2017 57

4 Rookie Mistakes to Avoid When Choosing Ad Agency Software

Function Point

When it comes to building out a project management toolkit, selecting your project management software will be your crown jewel. A good ad agency software will help you with project planning and scheduling, resource management, budgeting and client communications, all while offering your managers and creatives a home base for all agency workflow. Function Point has been providing project management software for over 20 years. Communications Manager.

2017 50

How to Run Brexit Like a Project

Prince2

You’ve just earned your PRINCE2 Foundation certificate and your first job is to manage Brexit. Processes. Like any project, you need to stay communicative. With a Communication Management Strategy Template, you’ll have an idea of: • How stakeholders are grouped. • How you’ll communicate with them. • How often you’ll communicate with them. • Who will handle communication. Create clear, achievable goals and keep up communication.

2017 44

Quality Management: PMP Study Guide (PMBOK 6th Edition)

ExamsPM

Project quality management involves all the activities involved to determine quality policies, objectives, and procedures in an organization. Project Quality Management uses policies and procedures to implement the organization’s quality management system, and it supports continuous process improvement activities. You, the project manager, is ultimately responsible for quality. Document processes & equipment. Plan Quality Management.

PMP Study Notes PDF (PMBOK 6th Edition)

ExamsPM

Additionally, a few processes have been added and a few processes will get their names changed. Within each knowledge area, you will find all the terms and processes you’ll need to know. Integration Management – PMP Study Guide. Scope Management – PMP Study Guide. Time Management – PMP Study Guide. Cost Management – PMP Study Guide. Quality Management – PMP Study Guide. HR Management – PMP Study Guide.

2017 44

Stakeholder Management: PMP Study Guide for PMBOK 6th Ed.

ExamsPM

Project Stakeholder Management identifies people or organizations that may impact or be impacted by your project, and develops strategies to manage their expectations. This Knowledge Area contains four processes: Identify Stakeholder, Plan Stakeholder, Manage Stakeholder Engagement, and Control Stakeholder Engagement. The following article is a summary of Stakeholder Management for PMBOK 6 th Edition. Manage Stakeholder Engagement.

6 Steps to Ending Common Project Management Issues

Function Point

6 Steps to Ending Common Project Management Issues. This holds especially true when it comes to managing projects in an environment as hectic as a creative agency. Instead, what we should be doing is creating and assessing accountability through well-thought-out processes that address common project management issues. After 20 years of onboarding new customers to our project management solution, FP has seen many agencies make the same project management mistakes.

2017 48

Risk Management: PMP Study Guide (PMBOK 6th Edition)

ExamsPM

Project Risk Management includes all the processes involved in risk identification, regulation, and mitigation on a project. Project manager’s role –. Known risks – Risks that have been identified; if known risks cannot be managed, they can be mitigated with the contingency reserve. Unknown risks – Risks that have not been identified; if unknown risks occur on the project, they can be handled with the management reserve. Plan Risk Management.

2017 38

Scrum Master: 5 Kinds

Stepping Into Project Management

In my experience of working within the Agile domain in India, there are five kinds of Scrum Masters I have come across: Managers - This specially happens when the organization is moving into Agile initially. Reasons are often genuine and till a scrum master is identified in a team, the team manager in some cases will volunteer for the role. Also, managers who like to know what exactly is happening in the team so they step up into this role which always might not be a very good sign.

SCRUM 30

4 Rookie Mistakes to Avoid When Choosing Ad Agency Software

Function Point

When it comes to building out a project management toolkit, selecting your project management software will be your crown jewel. A good ad agency software will help you with project planning and scheduling, resource management, budgeting and client communications, all while offering your managers and creatives a home base for all agency workflow. Function Point has been providing project management software for over 20 years. Communications Manager.

2017 40

Project Management Checklist for the Modern Agency [download]

Function Point

Project Management Checklist for the Modern Agency [download]. But a lack of emphasis on project management can seriously derail your creative team’s best efforts. This is where a Project Management Checklist can help keep you on track. . Without a strong project management process, even the most talented creatives suffer from poor time management, lack of project clarity and confusion, leaving agency leaders to risk missed deadlines, scope creep and refusal to pay.

6 Steps to Ending Common Project Management Issues

Function Point

6 Steps to Ending Common Project Management Issues. This holds especially true when it comes to managing projects in an environment as hectic as a creative agency. Instead, what we should be doing is creating and assessing accountability through well-thought-out processes that address common project management issues. After 20 years of onboarding new customers to our project management solution, FP has seen many agencies make the same project management mistakes.

2017 40

Project Management Life Cycle

ActiveCollab

5 stages of project management life cycle. Initiating is the most critical stage in project management. The planning phase is an ongoing process which continues throughout the entire project. Create a communications plan. Executing is the part of the project management life cycle where you physically construct the deliverables and present them to the customer, who then decides whether he will accept them or not. Cost management. Quality management.

Human Resources Management (HR): PMP Study Guide (PMBOK 6th Edition)

ExamsPM

Human Resource (HR) Management involves all the activities planning, acquiring and managing people. HR is a soft skill that relies on the project manager’s EQ rather than IQ. Plan Human Resource Management. Plan Human Resource Management is the process of identifying project roles, responsibilities, needed skills, and reporting structure. The main output of this process is the HR management plan. Staffing management plan.

How many PMBOK knowledge areas are there in the 6th Edition?

ExamsPM

Integration Management. Scope Management. Time Management. Cost Management. Quality Management. Human Resources Management. Communications Management. Risk Management. Procurement Management. Stakeholder Management. Each knowledge area represents a category of project management concepts, processes, and terminologies. Exam tip: Try to study all the processes and concepts within one knowledge area per week.

2017 30

Procurement Management: PMP Study Guide (PMBOK 6th Edition)

ExamsPM

Procurement is the formal processes many organizations follow obtain goods and services. Project Procurement Management is the process of selecting, monitoring and closing vendor contracts. In this PMP study guide, we will cover the 4 processes with the Procurement Knowledge Area. They are: Plan Procurement Management. Plan Procurement Management. Plan Procurement Management is the process of establishing procurement processes to follow.

PRINCE2: An Introduction to the Project Management Methodology

ProjectManager.com

Project management is a process of finding the best method to manage and control work through its every stage. There’s never just one way to accomplish this mission, and thus there is never just one methodology for project managers to use. But you can’t use a methodology you don’t know, which is why good project managers are intellectually curious and never complacent. It’s a process-based method for managing a project. The PRINCE2 Process.

Strategic Risk Management and Projects

Strategy Execution | PMO Perspectives

Experienced managers know the value of the ‘elevator view’, that is, knowing when to press the button for the top floor to look down at the bigger picture, and when to descend to the ground floor to get down ‘amongst the weeds’. At the ground floor our project managers provide assurance that their projects are on target to deliver, according to st ated objectives. Strategic Risk Management. Enterprise-Wide Risk Management.

Risk 42

Project Innovation – a Value Chain Approach

Tony Adams

In their 2017 study An exploratory study of food waste management practices in the UK grocery retail sector , Filimonau and Gherbin propose that before we can improve our delivery approach or propose any innovations, we first need to understand the company’s current approach and identify different points at which inefficiencies can arise. Applying Value Chain Thinking to Project Management. Project Management Innovation Project delivery Value Chain