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Business Acumen for Project Managers [Free Checklist]

Rebel’s Guide to PM

It’s also something mentioned in the standards for professional project management bodies. Apparently, business acumen is something that project managers should have. In 2022, PMI updated the Talent Triangle to include business acumen. It really is a core skill for project professionals. Do you have business acumen?

PMI 379
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Project Management Challenges with Artificial Intelligence

International Institute for Learning

As technology increases within the next two decades, AI is expected to replace humans in many of the simple and mundane tasks that are part of project and program management activities (Grace et al., Marr, 2020, and Dalcher, 2022). As stated by Dalcher (2022): Humans struggle to acknowledge and communicate tacit knowledge.

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5 Project Management Trends You Should Know in 2023

LiquidPlanner

That makes project selection trickier, especially for multi-year projects or those that have longer term funding commitments. in 2022 to 2.8% What does that mean for project management? Focus solutions on value for money across the whole product lifecycle, not just your ‘project’ part.

2023 158
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The Impact of Artificial Intelligence on Stakeholder Relations Management Practices

The IIL Blog

The focus of this paper is to discuss some of the challenges facing the linkage between artificial intelligence (AI), project management, and stakeholder relations management. The worldwide project management community of practice has recognized how AI will be able to improve the implementation of project management.

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Understanding the 8 Functions Associated with Project Management

Project Pulse Journal

Provide visibility into project progress data and market feedback to guide decision-making. Provide Resources and Direction Allocate resources effectively to support operations, tasks, and activities throughout the project phases and achieve targets for project costs and the whole project scope. 2022, September).

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Go/No Go Decision – What Is It and How Does It Work in Project Management?

nTask

While working with go no go decisions, you can employ the following practices to make sure you are on the right track: Don’t lose sight of your goals: Having a clear understanding of what your project demands and the end-term goals can strongly influence how you go about things. What Is Project-Based Learning (PBL)?

2022 88
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Resource allocation 101: How to manage your team’s resources

Planio

In fact, a 2022 poll found that 53% of companies cited resource management as their biggest project management challenge, beating out other pain points such as misaligned strategy and resistance to change. But what might influence your decision to allocate resources? As you can see, resource management is full of pitfalls.