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Understanding What is Quantitative Risk Analysis

Project Pulse Journal

Shick, MSPM, PMP, CSM In the dynamic world of projects, risks are omnipresent. Every decision brings along its own set of uncertainties and complicated risks. Enter the realm of quantitative risk analysis. Essential tools such as Decision Trees and Monte Carlo Simulation enable thorough risk evaluations.

Risk 52
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2017 Project Management Trends To Watch

Rebel’s Guide to PM

This year I’m looking forward into 2017 to highlight some of the project management trends I think it is worth watching out for. Will 2017 be the year we get our first Chartered Project Professionals? Our software tools are full of data from the risks we log to the estimates we fail to achieve. A Focus on Professionalism.

2017 150
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How to Calculate Realistic Time Estimates for a Project

Teamweek

Maybe you didn’t factor in possible risks or pitfalls. Inaccurate time estimation is the cause of 25% of failed projects. Learning how to estimate time for a project is tricky, but critical to its success. Learning how to estimate time for a project is tricky, but critical to its success. And you just want to: Source.

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Project Management Trends [2022]

Rebel’s Guide to PM

Six videos covering tools and techniques, the process and more. In 2021, Cisco estimated that 82% of consumer internet traffic was video. And my own research during winter 2017 shows that getting people involved in projects is still the most challenging part of getting work done. RPA is Robotic Process Automation.

2022 485
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Workshop Design with ChatGPT

Scrum.org

You designed the class around three Daily Scrum questions from the Scrum Guide 2017, which are no longer recommended. Invite groups to share their sprint goals and discuss the role of ChatGPT in the planning process. Have groups share their summaries and retrospective questions, discussing how ChatGPT aided in the process.

ChatGPT 159
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Demystifying the PMBOK Process Groups

Wrike

Generally speaking, projects require five process groups — initiating, planning, executing, monitoring and controlling, and closing. These are known as the PMBOK (Project Management Body of Knowledge) process groups. Here’s an overview of what the process groups are and how to successfully incorporate them into your projects. .

Process 48
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What is A System for Value Delivery in Project Management

Project Pulse Journal

This system encompasses processes, principles, understanding customer preferences, and best practices designed to optimize project outcomes while aligning with organizational objectives. Organizations can optimize project performance and outcomes by integrating these functions into a cohesive framework.