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How To Make 2019 A Successful Year for Your Projects

Girl's Guide to PM

Would you like to make 2019 a successful year for your projects? I asked people two questions: What should people managing projects be aware of as we go into 2019 to make 2019 their most successful year ever? What will you be doing in 2019 to have your most successful year ever? You can scroll down and get the highlights, and then read all the advice in the How To Make 2019 A Successful Year for Your Projects ebook. Now 2019 is here, I think that’s’s a cop-out.

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Three Key Takeaways from PMO Symposium 2019

Keyedin

PMO Symposium 2019 was held earlier this month in Denver, CO. This intense four-day event was packed with insights on building an adaptive, future-ready PMO. With the PMO currently under attack, the way a company must operate in the digital marketplace is by being more agile and open to consistent change. In doing so, your PMO can become the company’s ally in transforming itself into an adaptive, fast, flexible and competitive industry leader.

2019 60

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Healthcare PMO: BCBS Roundtable Exchanges Thought Provoking Ideas

Planview

A healthcare PMO today must have a strong constitution. Not only are they faced with challenges unique to healthcare, PMOs are also going through the trends mentioned in our recent post, “ Conquer Your Business Transformation.” Healthcare PMO’s should ensure that the organization has the right portfolio mix to accomplish its goals and be able to pivot and re-prioritize as needed. This is where the healthcare PMO comes in, but the group agreed that it’s presenting challenges.

The Ultimate Guide to Easy Dashboards for Projects

Girl's Guide to PM

If not, how are they deviating – are you seeing a positive or negative trend against what you would expect? There’s no point in creating a dashboard that includes a box about forecasted budget if you don’t have any expenditure on your project because it’s all non-costed internal resource. Budget. You can track budget by phase. You can show real time budget variance and estimate to complete. BVDash Project Budget Example.

2019 289

10 Point Checklist for Better Project Estimates

Planview

Use multiple levels of progressively accurate estimates; from order-of-magnitude to budget to baseline. Leverage Contributor Estimates, Earned Value, and Earned Schedule to stay on top of remaining effort, remaining budget, and remaining schedule, respectively. Especially for large projects, consider having a Management Reserve (a separate budget controlled by management, generally 5-10% of the project budget) for unknown risks. PMO Vision and Trends

It’s Time to Start Planning for Resources

Planview

These alternate resources may be more expensive, less competent, or both, so a negative schedule and/or budget impact is still quite possible in any case. PMO Vision and TrendsThe following content is based on the whitepaper, “Bigger Than a Breadbox: 10 Tips for Better Project Estimates, Part 2,” written by Jerry Manas. For your reading convenience, we’ve decided to give it everlasting life here on the blog.

Project Estimation Methods

Planview

The concept is to take the percentage of work completed times the overall budget to speculate how much relative “value” has been achieved so far, compared to the value expected by this point. The key point to remember is that Earned Value is not about schedule, but rather about value and budget. If your company already has an enterprise PPM solution in place, you’re well ahead of the game in terms of budget and implementation. PMO Vision and Trends

Shifting from Projects to a Product-Centric Approach

Planview

In my last blog, “ Agile Transformation: The PMO’s New Paradigm ” we covered the significance of embracing different types of work and the role that continuous planning plays in becoming an Agile PMO—but that’s only the beginning. In Part 4, we explore the trend of turning project-focused planning and delivery into a product-centric approach to enable an incremental approach to funding and to increase speed of delivery. It’s clearly a trend—but one with a solid foundation.

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Start Viewing Your IT Department as a Strategic Partner to the Organization

Planview

While not a physical product, it still is a tangible producer of value, and typically has an annual budget and assigned resources to support it. Again, there is a budget for this, and there are associated services and costs to maintain it. PMO Vision and TrendsThe following content is taken from the whitepaper, “Portfolio-Driven Performance: The 7 Process Areas That Drive IT and Business Results,” written by Jerry Manas.

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Using Portfolio-Driven Performance to Improve Project Delivery

Planview

Rising costs in a tough economy have led to tightened budgets and reduced workforces. If we trim the budget for this quarter, what will be the downstream effect on our projects, our products, and ultimately, our strategy? PMO Vision and TrendsThe following content is taken from the whitepaper, “Portfolio-Driven Performance: The 7 Process Areas That Drive IT and Business Results,” written by Jerry Manas.

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Why You Should Align Strategy, Financials, and Execution

Planview

Funding and Budgeting. The funding and budgeting process usually begins with an annual proposed order-of-magnitude budget. After negotiations and multiple iterations, funding is approved for capital investments and an actual operational budget, which can be broken down to departmental, program, project, product, and service budgets. This is possible when funding and budgeting are included within the same process framework as strategic planning.

Top Features to Look for in Project Management Software

MavenLink

It includes important strategies such as resource management, predicting and tracking project budget amounts, managing client feedback and approval, and continually updating processes to optimize efficiency. Look for a software that allows you to see how efficiently resources are being utilized, forecast future performance trends based on existing data, and analyze which resources are performing with the greatest - or least - profitability.

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How to futureproof your PPM software selection process

EasyProjects

Projects go over budget: Small issues will add up to create some very big budget problems. Advanced analytics is the branch of data science that is focused on using high level methods and tools to predict future events and trends. With low visibility, projects will take longer to complete and can easily go over budget. If you’ve ever bought any kind of technical solution for your organization, you know that it’s not that easy. There are so many variables to consider.

Top 10 Project Management Conferences for 2020

Appfluence

The PMO 2020 Conference. The PMO Conference is widely praised across the project management community for its learning and networking opportunities. Focused on offering the most insightful tools and research to develop your ability as a project manager, the PMO Conference hosts a full program of expert speakers, an exhibition of the latest PMO products and services, and networking opportunities with the best in the project management field.

2020 41

Project Management Glossary: 200+ Terms PMs Frequently Use

Epicflow Blog

is an approach to evaluating a gross value applying such criteria as budget, complexity, duration, and size based on a previous similar project estimation experience. . Budget at Completion (BAC) . is a formula of forecasting the budget of a project with its progressing, where actual costs (AC) and forecasted remaining spending – the estimate to complete (ETC) are summarized. Budgeting . Determine Budget . Project Management Office (PMO) .

Using PPM Solutions to Join High Performers

Keyedin

Both are impacted by changes in the economy, consumer trends, evolving regulations, etc. Unless the appropriate adjustments to time, resources, and costs are made, you’ll go over budgets and deadlines. Taking a look at how a PPM solution can help support the PMO and drive efficiency throughout the project lifecycle, can ultimately help bridge the gap and bring your PMO closer to becoming a high performer

2019 60

Project Management Glossary: 200+ Terms PMs Frequently Use

Epicflow Blog

is an approach to evaluating a gross value applying such criteria as budget, complexity, duration, and size based on a previous similar project estimation experience. . Budget at Completion (BAC) . is a formula of forecasting the budget of a project with its progressing, where actual costs (AC) and forecasted remaining spending – the estimate to complete (ETC) are summarized. Budgeting . Determine Budget . Project Management Office (PMO) .

Using PPM Solutions to Join High Performers

Keyedin

Both are impacted by changes in the economy, consumer trends, evolving regulations, etc. Unless the appropriate adjustments to time, resources, and costs are made, you’ll go over budgets and deadlines. Taking a look at how a PPM solution can help support the PMO and drive efficiency throughout the project lifecycle, can ultimately help bridge the gap and bring your PMO closer to becoming a high performer

2019 60

Webinar Recap: How Innovation & Portfolio Management Office Underpins Corporate Success

MPUG

External trends in the business environment are unprecedented, and people and organizations that can’t change are at severe risk. Is it your PMO, individual project managers, or others? 55% PMO, and 45% individual project managers. Tad: Well good, clearly it is the PMO that is landing much of this, but it’s actually the innovation or strategy groups that start much of this activity. Is this because the PMO’s not adding enough value?

Showcase Recap: Easily Capture and Manage Ideas/Demands with MS Project Online Integration

MPUG

Then a focus if you have it, a PMO or a EPMO, where you can focus on capacity and best practices. Larry: A big thing about keeping pace right now is in disruption, the industry trends, the what we call secular trends which is really just a difference in generational spending and saving and how that affects business. This can be from the task, the project managers to the ongoing folks that roll up to the PMO.

Better Together: Planview and Cherwell Join Forces

Planview

Measure time and budget spent on strategic initiatives vs. maintenance activities. Planview is one of the “pure-play” PPM providers, as evidenced by our being named a “Leader” in the May 2019 Gartner “Magic Quadrant for Project and Portfolio Management.” Project Portfolio Management Vision and TrendsPartnership highlights power of Planview Portfolio Management and Cherwell ITSM to help joint customers better achieve their strategic and operational goals.

2020 74

How Savvy PMOs Drive Actionable Insights with Portfolio Dashboards

Planview

Does your PMO generate portfolio dashboards for stakeholders and executives? Does it help your PMO be seen as a value driver? In a 2019 Deloitte survey of 1,000 U.S. The Savvy PMO recognizes this and makes access to highly visual, useful data an imperative by providing comprehensive portfolio dashboards. This is especially crucial today as organizations are making rapid changes in strategies, priorities, and budgets.

2020 79

A History of PMI & Its Role in Project Management

ProjectManager.com

As an organization, it offers training and certification in project management, and it reports regularly on industry trends. The PMI EMEA Congress 2019 takes place in mid-May in Dublin, Ireland. The PMO Symposium is a place to exchange best practices and new insights into the strategies and practices in project management. There are also awards for projects, such as the PMI Project of the Year, PMI Project Excellence Award and the PMO of the Year Award.

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How To Make 2018 A Successful Year for Your Projects

Girl's Guide to PM

As we go into next year, you should be aware that self-care and wellbeing are trends worth promoting not only because they feel good, but because they lead to better productivity and happier people. Guess what my tip would be for 2019? I think 2018 is going to bring more focus on business success metrics and less about scope, schedule and budget. I am noticing two trends. Joe Pusz is President of The PMO Squad , a project management consulting firm.

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Project Management Questions I Get Asked Most

Online PM Courses

The Best Project Management Blogs for 2019. You should only fill out a form, or complete a template if it helps you to either: deliver your project to time, to budget, and to specification, or. What are the Big Trends in Project Management? . Is Agile still a trend? If it is a trend, it's definitely one of the biggest, and is one of the twelve I identified in this article: What are the Important Project Management Trends? What is a PMO?

2018 87