Remove 2023 Remove Estimate Remove Influencer Remove Lean
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Useless Agile Metrics

Scrum.org

Learn more about useless agile metrics, from individual velocity to estimation accuracy to utilization rates. ? Join your peers for an advanced Scrum Master class: August 29-30, 2023: Professional Scrum Master II. ? Estimation Accuracy: Agile practices value delivering working software over comprehensive documentation.

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Could a Scrum GPT Challenge Scrum Masters?

Scrum.org

Back in November 2023, OpenAI released GPTs, a hyper-customizable version of their GPT-4-based chatbot. OpenAI introduced GPTs in November 2023: “You can now create custom versions of ChatGPT that combine instructions, extra knowledge, and any combination of skills.” ( Source.) Emphasis on refining and estimating Product Backlog items.

ChatGPT 144
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Project Management Artifacts: Essential Tools to Enhance Project Management

Project Pulse Journal

Methods vary depending on the project description and scope, ranging from data gathering and analysis techniques to estimation and planning approaches, including collaboration techniques and workflow optimization. The project objectives, the nature of the tasks involved, and the preferences of the project team influence the method choice.

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Taylorism: Then & Now

Velociteach

We can see Taylor’s influence on modern management practices. Lean Process Engineering The assembly line is a direct descendant and application of scientific management. Toyota is credited as being the progenitor of Lean Management. Compensation was adjusted to incent ideal output.

Lean 52
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A How to Guide on Initiating a Project

Project Pulse Journal

Prepare a Business Case : Outline the reasons for undertaking the project, including the estimated costs, timelines, benefits, and risks involved. This should include cost estimates, resource availability, and technology assessments. Prioritize : Classify stakeholders based on their influence and interest in the project.

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What is a PERT chart? How to use PERT to plan your projects

Planio

In fact, studies have shown that around 27% of projects fail because of inaccurate task estimates, with another 11% failing due to undefined task dependencies. navy in the 1950s, the Program Evaluation Review Technique (or PERT) helps project managers worldwide estimate, plan, and visualize their projects in a way that allows them to succeed.

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Monte Carlo Risk Analysis in Project Management

Project Pulse Journal

It supports a detailed risk analysis, offering a range of probable outcomes instead of a single estimate. Each cost estimate is based on uncertain factors like labor rates, material costs, etc. In this example, the cost ranges are: Cost Estimates: Engineering Costs: Estimated to be between $50,000 and $70,000.