How to Keep Your Projects Financially Fit

Project Risk Coach

Keep Your Projects Financially Fit. How do projects fall below budget?” Let’s look for ways to monitor and control our cost more intentionally. 4 Ways to Control Cost and Keep Your Projects Financially Fit. According to the Project Management Body of Knowledge (PMBOK), the Control Cost process “is the process of monitoring the status of the project to update the project costs and managing changes to the cost baseline.”

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How to Keep Your Projects On-Time and On-Budget

Arras People

Deltek is the latest member of the Arras People Software Directory , in this article they give a brief overview of how projects can be controlled and how software can help with this. From internal initiatives to major customer endeavors, there’s a universal truth: all projects are susceptible to cost overruns and schedule slippage. But what are the right project controls and is there a single method to the implementation madness? What Are Project Controls?

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Project Manager Roles and Responsibilities: What does a PM Really Do?

Project Bliss

The job title of “project manager” is pretty common these days. But project manager roles and responsibilities can be pretty vague if you’re not already familiar with them. I know this firsthand, just by watching reactions when I tell someone I’m a project manager. When I took my first job as a project manager, my mother asked what I do. The title of Project Manager was unfamiliar to my mother. What a Project Manager Really Does.

2017 196

How to Develop a Strong Governance Process with These 6 Tips ?

Projects involved a lot of planning , implementation , and not to mention tracking or detecting issues and problems within the team or the project, and surpassing the following process. It also means successfully identified the stakeholders and risks and the project are already in the plan, ready for implementation. To stay within deadline means having a governance process that everyone will adhere to. est apparu en premier sur Project-Management.PM.

2017 69

12 Project Management Related Tools to Check Out for 2017

Brad Egeland

2017 is right around the corner so maybe it's time to try something new. As everyone is aware, the landscape of available project management and PM-related tools has changed greatly over the years. It is truly mind-boggling how many options are out there now for project managers across all industries. It is nearly impossible to cover all available options or to have one go-to list when you're looking for a solution to a project management tool need.

2017 112

Maintain a Healthy Project Portfolio with Metrics and Reviews

Arras People

In an increasingly competitive business environment, more organizations are turning to project portfolio management (PPM) to meet strategic goals and objectives. Providing organizations with a system to implement the right projects at the right time, effective PPM improves decision-making, optimizes resource management, and delivers better business value. Project Portfolio Management and Business Strategy. There is a circular link between strategy and project portfolios.

2017 150

10 Myths about Project Management Tools


You are promoted to manage your first project, congratulations! Since you are a serious manager you have decided to improve the team’s productivity by purchasing one of the project management tools available in the market. you are on the right track to becoming a great project manager. Why add an additional burden to the process which gets in the way of our work. In reality, project management software cuts down on wasteful and redundant work and useless email.

2017 87

Benchmarking in Project Management (1): In Search of Best Practice


Our latest blog series will cover the topic of benchmarking in project management. Definition of benchmarking Benchmarking is used to assess your own organization’s processes and performance compared to your company’s competitors or compared to the best companies in your industry. The main objective of internal benchmarking is to improve the success rate of projects within the organization by comparing previous projects with each other. Project schedule performance.

2017 100

Embracing Uncertainty in Software Projects


A seemingly simple question that can become a project management nightmare to manage. After all, you’re the project manager!) If you give a qualified answer, you risk being held to that original date despite the need to analyze requirements further, discuss with vendors and do proper project planning. If you’re right and the project delivers on time, you’ll be heralded as a “someone who can deliver.” No two projects are ever the same. How long will it take?

2017 69

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

Yes, Your Team Needs a Project Manager. Here’s Why


During the annual budget cycle, portfolio planning or even the adhoc “just-go-do-it” project, project management resource planning and funding can be marginalized and even entirely overlooked. I’ve seen budgets and resource staffing assumptions that state the project only needs 10 percent of a project management effort. Or, even worse, the team doesn’t assign an internal project manager because the vendor is responsible to “deliver the work.”.

2017 75

Efficient project governance should not be an oxymoron!

Kiron Bondale

is controlled by the people who run it “ This is certainly an appropriate meaning of the phrase when applied to corporate governance, but is not the most empowering vision for how projects need to be governed. Governance is a great example of what a lean management professional would call business non-value add – those activities which don’t directly add value to a process but are required for legal or other compliance purposes.

Misunderstanding Making Decisions in the Presence of Uncertainty

Herding Cats

This quote demonstrates a lack of understanding of making decisions in the presence of uncertainty and the processes and events that create uncertainty. All project work has uncertainty. Uncertainty comes from the lack of precision and accuracy about the possible values of a measurement of a project attribute. There is naturally occurring variability from uncontrolled processes. If your project has no uncertainty, there is no need to estimate.

Risk Management in Five Easy Pieces, with Apologies to Jack

Herding Cats

Managing Cost, Schedule, & Technical Performance Risk Is The Basis Of Good Project Management. Risk management is essential to the success of any significant project. Certain information about key project cost, performance, and schedule attributes are often unknown until the project is underway. The emerging risks that can be identified early in the project that impact the project later are often termed “known unknowns.”

2017 37

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.

The Real Story Behind Why Your Organization Wants You to Track Time


Time tracking data surfaces project cost, project profitability, employee availability, employee cost, and so much more. Whether you’re a project team member wondering “why on earth…?” For projects, time tracking is important because it: Surfaces key operational metrics that might otherwise remain hidden. Allows businesses to measure the true costs of any project. Helps companies stick to timeline or project budgets.

2017 71

Planning before Scheduling

Herding Cats

Planning is an unnatural process, it’s much more fun to get on with it. For which of you, intending to build a tower, sitteth not down first, and counteth the cost, whether he have sufficient to finish it? Without some form of decomposition of what “done” looks like, it is difficult to connect the work of the project to the outcomes of the project. The project cost, schedule, and resulting deliverables are a system, subject to these coupling and cohesion.

2017 33

Fallacy of the Day

Herding Cats

This book states estimating is "giving a general idea about the value, size, or cost of something". What is needed is to Not Use the Word Estimate , when in fact Forecasting and Estimating are the same process, just different means, and time frames. Let's look at a more reliable source for definitions in the project management domain. Project Management Institute's PMBOK 5th Edition all the way back to the 3rd Edition. Forecasting ? Estimating.

80+ Awesome Online Resources for Project Managers


Where can you go to talk Gantt charts, work breakdown structures, and Agile workflows to your heart’s content with other project management aficionados? There’s a treasure trove of valuable information available online for anyone looking to sharpen their project management skills. . We’ve compiled a list of over 80 of the very best online resources for project managers, including online training sites, podcasts, ebooks, tools and templates, blogs, and more. . Cost: $400.

How to Get Better Client Feedback


Your creative process is halted because you’re not getting good feedback from clients. Likes and dislikes aren’t getting you closer to finishing project. To be able to get the right answers, you need to guide them through the refinement process. Are there any aspects of the project you would like to strengthen in order to support achieving this? You should explain and ensure they understand that their feedback is essential for long-term success of the project.

2017 29

100+ Project Management Statistics & Facts To Remember in 2019

ProProfs Project Management

Project management is an essential part of every organization. Whether you are overseeing a team or leading major projects and their execution process, it is essential to keep everything in line to ensure project success. In the long run, it is the project management techniques adopted by managers that either make or break the organization. . Why do projects fail even if your PM technique is usually full-proof? Reasons for Project Failure” Statistics.

2019 85

A Short History of Project Management


Have you ever wondered about the history of project management, or how it evolved into its’ present day usage? This article will cover most of the major project management happenings throughout history. The stages of time will cover the BC time period, the 1900’s where the root of modern project management was driven by the military, and we’ll end up looking at the ever evolving Agile methodology that more and more project manager are implementing now.

2019 67

Compendium of Works to Increase Probability of Project Success

Herding Cats

Here's a collection of presentations, briefings, papers, essays, book content used to increase the Probability of Project Success (PoPS) I've written and applied over my career in the software-intensive system of systems and other domains. Business, Technical, Systems, Risk, and Project Management Briefings and Presentations. Management Processes (#MP). Project Performance Management (#PPM). Agile Project Management (#APM). Management Processes.

2019 37

Software Estimating Resources

Herding Cats

So start here to build your academic foundation, that can be put to work to build a foundation of validated experience of making estimates in the presence of uncertainty and protect yourself from fallacious claims that estimates are a waste, not needed, and produce bad resulting in the decision making process for those paying you to produce value. 9, 2017. Estimating Probable System Cost,” Stephen A. How I Estimate Software Development Projects,” Alvin J. October 2017.

Estimates, Forecasts, Projections

Herding Cats

We can estimate the total cost, total duration, and the probability that all the Features will be delivered on the program we are working for the US Government. Or ANY software project for that matter. The estimated completion cost for this program is $357,000,000 with an accuracy of $200,000 and a precision of $300,000. Another way to speak about the estimated cost is This program will cost $357,000,000 or less with 80% confidence. Projections/Prediction.

The Best Time Tracking Software of 2018

Paymo App

To save you precious time, we did the hard job of in-depth market research and app testing and came up with a list of 10 time tracking software that are “la crème de la crème” The time-tracking tools that made our list are (click on each one to jump directly to its detailed review): Paymo – full-feature project management app with time tracking and accounting features to help you manage projects from start to finish. 5/month, unlimited users and projects).

2018 63

How to Effectively Run Construction Management Projects


Everything You Need to Know About Construction Management Projects. Construction Management Project Basics. Most-Frequently Asked Construction Project Questions, Your Guide to General Construction Project Management. 9 Most-Common Obstacles for Construction Management Projects. Keys to Success: Construction Management Projects. 5 Must-Have Tools for Efficient Construction Management Projects. How to Choose Construction Project Management Software.

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. Risk Management is Project Management for Adults - Tim Lister. Management of Novel Projects Under Conditions of High Uncertainty,” A. A Risk Management Methodology for Project Risk Dependencies,” Tak Wah Kwan and Hareton K.N., Use of Benefits of Tools for Project Risk Management,” T. February 2017. “A

Risk 35

A Compendium of Risk Management Resources

Herding Cats

Let's start with a critical understanding of the purpose of managing risk on software development projects. Information about key project cost, (technical) performance and schedule attributes is often uncertain or unknown until late in the program. Management of Novel Projects Under Conditions of High Uncertainty,” A. A Risk Management Methodology for Project Risk Dependencies,” Tak Wah Kwan and Hareton K.N., Tejedor, Project Management Journal , 48(5), pp.

2012 33

4 Ways to Measure the ROI of Work Management Tools


But there are problems around every corner: insufficient project requirements, failure from leadership to recognize risk, managers setting poor collaboration processes, aggressive competition targeting you, and so much more. In the end, your project blows up. If you haven’t figured out, this “project” is the Death Star and students at Lehigh University estimated it’d cost $852,000,000,000,000,000 to build …and that’s just the cost of steel production.

Microeconomics and Risk Management in Decision Making for Software Development

Herding Cats

The primary economic driver of the life-cycle structure is the significantly increasing cost of making a software change or fixing a software problem, as a function of the phase in which the change or fix is made. By the way, the pure conjecture that agile enables late changing requirements to not have a significant impact on the cost and schedule of the development project is completely lacking any testable evidence outside of personal anecdotes of agile advocates.

2007 32

From Surviving to Thriving: 3 Challenges PMOs Need to Conquer Now


In 2017 alone, the Secaucus, New Jersey-based company made five high-profile acquisitions. Projects have become more complex and their development teams increasingly strained. As companies face escalating competition, and the pace of change continues to heat up, more companies are adopting new project management methods to meet market needs. The traditional PMO is all about standards and consistency,” says Michael Dougherty, National Project Manager at Magenic. “It

2018 43