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Kanban in Manufacturing: Main Uses & Benefits

ProjectManager.com

Kanban in manufacturing originated in World War II where it was used in the manufacturing of Spitfires for the Royal Air Force in the UK. Then it was known as the two-bin system. After the war, the Japanese car manufacturer Toyota looked at how supermarkets stocked only what they expected to sell at a given time. This led to improvements in manufacturing efficiency.

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Mastering the PMI-RMP Exam: Effective Study Strategies

Project Risk Coach

Individuals often register for the PMI-RMP exam with the intention of advancing their careers, but some fail to complete their studies or pass the exam. Let's look at three effective study strategies to help you complete your preparation and pass your exam on the first try.1. Develop a Personalized Study PlanSome individual's study plan is […] The post Mastering the PMI-RMP Exam: Effective Study Strategies appeared first on Project Risk Coach.

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How to Make a Contractor Payment Schedule in Construction (Template Included)

ProjectManager.com

Construction projects are often long and complicated endeavors. They’re also expensive. Payment is determined in the contract process, which includes the contractor payment schedule. What’s included in the contractor payment schedule and the different types are a critical part of the professional relationship between the project owner and the general contractor.

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Risk Optimization in Scrum: Empirical Approach to Managing Uncertainty (From PM to PSM 12)

Scrum.org

Optimizing Risk Responses in professional project management resonates profoundly with the empirical foundation of Scrum. Scrum's framework inherently addresses risk by embracing uncertainty and change, making it an ideal approach for managing both opportunities and threats in complex environments. For Project Managers transitioning to Scrum Masters, understanding how Scrum’s empiricism and iterative process effectively manage risks is key to successful initiative outcomes.

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Understand Digital Debt, Form a Team, Set Goals, and Plan Roadmap for Transformation

Understanding digital debt is crucial before digital transformation. Assemble a team to assess internal operations, market pressures, and digital debt's impact. Define future digital vision with measurable goals. Refine hypotheses and conduct market analysis. Develop a roadmap for transformation with defined projects, cost estimates, and governance.

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The PDCA Cycle: a Cornerstone of Effective Project Management

Inloox

What is the PDCA cycle? Definition of the PDCA cycle The initial letters PDCA stand for the four steps in a continuous improvement process (CIP, Kaizen): Plan-Do-Check-Act (Plan-Do-Check-Act). The PDCA cycle, also known as the PDCA method, PDSA cycle (Plan-Do-Study-Act cycle), Deming cycle, Deming wheel or Shewhart cycle, is a four-step framework designed to improve processes through iterative testing, learning and refinement.

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How to do customer acquisition the right way in 2024

Planio

You can build the best product in the world, but without a solid customer acquisition strategy (and the right team to pull it off), no one will ever use it. But customer acquisition isn’t just about getting users for your product — it can be life or death for your company as a whole. In the last five years, the average cost of acquiring a new customer has increased by a staggering 60%.

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Scrum-Master-Haltungen: So beseitigst du die Hindernisse deines Scrum Teams und beweist deinen Wert

Scrum.org

Was macht ein Scrum Master eigentlich den ganzen Tag? Diese Frage erreicht mich fast täglich. Einerseits liegt es wohl daran, dass die Besetzung einer Stelle mit einem Scrum Master für viele Unternehmen noch Neuland ist. Deshalb sind die Verantwortung und Tätigkeit oft sehr unkonkret beschrieben. In manchen Fällen gleichen die Anforderungen denen eines Projektleiters.

SCRUM 174
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Work Breakdown Structure: How to Build One Effortlessly with a Mind Map

Online PM Courses

A Work Breakdown Structure (WBS) is a hugely valuable Project Management tool. Make it easy for yourself. Create your WBS with a Mind Map. The post Work Breakdown Structure: How to Build One Effortlessly with a Mind Map appeared first on OnlinePMCourses.

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Adopting Agile Isn’t About Adopting Agile

Leading Agile

Nobody sets out to adopt agile just to adopt agile. Companies invest in agile because they think it will help them solve a business problem. They hope Agile will help the delivery teams work more efficiently, decrease defects, or provide a more collaborative working environment. But many times, when the rubber meets the road, agile gets relegated to another thing the teams do.

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Strategic Project Finance Essentials: A Project Manager’s Guide to Financial Metrics

Speaker: Ketan Jahagirdar - Sopheon’s Director of Product Management

Empower yourself as a project manager with insights that directly influence the financial landscape and strategic direction of your organization! Join us for a deep dive into the world of financial strategy, as we dissect key metrics that drive CFOs and business leaders’ investment decisions. This session will equip you with the necessary tools to craft compelling business cases as well as a comprehensive understanding of the crucial distinction between capital expenditure and operational expend

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How Businesses Transform Data Into Actionable Intelligence With Visualization

Productivity Land

In the era of big data, businesses are inundated with vast amounts of information. Yet, simply having data isn’t enough. It’s the ability to extract meaningful insights and turn them into actionable intelligence that sets successful enterprises apart. This is where data visualization plays a pivotal role. By presenting complex data in visual formats like charts, graphs, and maps, businesses can uncover patterns, trends, and relationships that might otherwise remain hidden.

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Navigating the Human Element in Agile: A Deep Dive into Team Dynamics and Collaboration

NimbleWork

The Agile project management methodology encourages organizations to empower teams with clear responsibility and authority, so they can work together to autonomously develop ingenious and innovative solutions. From the workforce perspective, this requires trust between team members, cross-functional teams, business executives and stakeholders. It also requires a structured mechanism for collaboration and information sharing, a guiding framework that maps interdependencies between individuals and

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Can Kanban Revolutionise Your Scrum Practice?

Scrum.org

Reflecting upon my journey with agile philosophies, it's become increasingly clear that the path to mastering agility isn't found in rigid adherence to methodologies, but rather in embracing a philosophy that prioritises continuous improvement and adaptability. My exploration into integrating Kanban with Scrum environments serves as a testament to this belief.

SCRUM 163
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Maximizing Efficiency: 5 Best Project Management Tools for 2024

The IIL Blog

By Jodie Hurst Introduction Project management is the soul of a successful organization. Regardless of your business size or role, embracing project management practices to propel your success to new heights. But with so many options in today’s market, how can you choose which project management tools will work the best for your organization? With the right tools at your disposal, you could create a seamless process to finish all your projects before their deadlines, streamline workflow, increas

2024 88
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20 Common Mistakes Made by Inexperienced Project Managers

You’ve read the PMBOK® Guide several times, taken the certification exam for project managers, passed, and you are now a PMP®. So why do you keep making rookie mistakes? This whitepaper shows 20 of the most common mistakes that young or inexperienced project managers make, issues that can cost significant time and money. It's a good starting point for understanding how and why many PMs get themsleves into trouble, and provides guidance on the types of issues that PMs need to understand.

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Adapting Agile Principles for Successful Maintenance Hand-Overs

PM Times

Over the 20+ years since the Agile Manifesto was created, more and more organizations see agility as key to success, especially for software development. Agile methodologies have revolutionized the way teams approach software development, emphasizing flexibility, collaboration, and continuous improvement. Ideally, there are Product Teams that handle development and maintenance throughout the product’s lifecycle.

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10 Best Cost Management Software in 2024 [Detailed Overview]

Teamweek

Project cost management software helps businesses efficiently plan, estimate, and manage project costs with features like: Cost estimation and forecasting Budget management Profitability insights Expense tracking To help you choose the right software from the multitude of options available, we analyzed and selected the ten best cost management tools.

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Webinar: Deep Dive into Hybrid Agile

NimbleWork

Prepare for an informative and exciting discussion on Hybrid Agile , where our CMO, Mahesh Singh, will discuss the topic with the esteemed Project Management expert and thought leader, Elizabeth Harrin, APM Fellow, and author of Managing Multiple Projects. Dive deep into this dynamic approach that seamlessly blends Agile and Waterfall methodologies, propelling your projects to new heights of success.

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The Power of Words: Transitioning from 'Project' to 'Product'

Scrum.org

“Words are, in my not-so-humble opinion, our most inexhaustible source of magic.” – a line not only for the fantastical worlds but also for the realms of our daily professional lives. Today, let’s delve into one such magical transformation: transitioning from a ‘Project’ to a ‘Product’ mindset. The vocabulary we choose communicates our thoughts and shapes our perspectives, actions, and outcomes.

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The Big Payoff of Application Analytics

Outdated or absent analytics won’t cut it in today’s data-driven applications – not for your end users, your development team, or your business. That’s what drove the five companies in this e-book to change their approach to analytics. Download this e-book to learn about the unique problems each company faced and how they achieved huge returns beyond expectation by embedding analytics into applications.

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Unleashing success! What IT Project Management can learn from Crufts

Project Accelerator News

Blog by Nicol Cutts, Head of Projects, Professional Services at Stoneseed. Crufts, the world’s most prestigious dog show, just happened in Birmingham (as I write) – and I was there. Now, it may feel like an unlikely source of inspiration for IT Project Management, but as both our worlds are all about “best in class” I thought it might be fun to explore the parallels between Crufts and IT Project Management!

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Product Management Considerations for Project Managers

Project Pulse Journal

By: Hajime Estanislao, PMP, CSM Are you looking to bridge the gap between your projects and the ever-evolving market demands? If so, aligning your project outputs with strategic business goals and customer expectations is a necessity. The collaboration between product and project management can seem complex, but finding this balance unlocks your potential to manage essential aspects of the organization.

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Using Value Stream Maps to Identify Improvement Opportunities

Leading Agile

In this third installment of our value stream mapping series, Mary shows Lance and Dave how to apply the technique of value stream mapping to your business architecture and capabilities so that you can make more informed, intentional, data-driven decisions to improve your business. Want to Listen Instead? LeadingAgile · Using Value Stream Maps to Identify Improvement Opportunities Contacting Mary Lloyd If you’d like to contact Mary, you can reach her at: LeadingAgile: www.leadingagile.com/guides

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Project Workforce Planning By Dr. Harold Kerzner

International Institute for Learning

Project Workforce Planning By Dr. Harold Kerzner Abstract Workforce estimating is expected to increase in importance and challenge even the best companies performing project management efforts. But even with the workforce issues discussed in this white paper, the growth in technology and applications to project management practices should make the challenge easier as time progresses.

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How to Stay Competitive in the Evolving State of Martech

Marketing technology is essential for B2B marketers to stay competitive in a rapidly changing digital landscape — and with 53% of marketers experiencing legacy technology issues and limitations, they’re researching innovations to expand and refine their technology stacks. To help practitioners keep up with the rapidly evolving martech landscape, this special report will discuss: How practitioners are integrating technologies and systems to encourage information-sharing between departments and pr

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7 Steps - A Product Owner’s Guide to Strategic Scrum

Scrum.org

Diving into the world of product development is like embarking on an epic adventure. It’s about discovery, facing challenges, and, most importantly, understanding the people we’re designing for. This journey is exhilarating, filled with opportunities for innovation and moments of genuine connection. As we navigate this path, let’s talk about blending the strategic wisdom of Professional Scrum with the creative spirit that fuels our work.

SCRUM 180
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Top 7 Work Management Software in 2024

NimbleWork

In the modern workplace, where teams are distributed across various locations and time zones, the demand for seamless collaboration and efficient workflow management has reached unprecedented levels. As businesses strive to stay competitive in a rapidly evolving landscape, the ability to coordinate tasks, communicate seamlessly, and track project progress becomes paramount.

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Understanding the 8 Functions Associated with Project Management

Project Pulse Journal

By: Hajime Estanislao, PMP, CSM Are you struggling to effectively manage your projects amidst evolving requirements and stakeholder expectations? Project management involves various critical functions, from ensuring seamless coordination to task deadlines, articulating clear objectives, and managing resources. However, navigating these functions can pose significant challenges for project managers, impacting progress and success.

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Top OptiMonk Alternatives Worth Switching To in 2024

UPQODE

In the ever-evolving digital marketplace, the ability to capture a visitor’s attention and convert it into tangible business outcomes is more crucial than ever. OptiMonk has long been at the forefront of this transformation, offering solutions that help e-commerce sites to increase conversions through targeted popups, personalized messaging , and engagement strategies that resonate with the modern consumer.

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Acclaim Projects Helps Deliver Innovation Projects on Time and on Budget

This large intercity transportation company for people and freight employs 100+ IT employees and contractors across North America and Europe and spends $10MM annually for approximately 50 inflight projects. The company needed the right financial tools to budget for innovation initiatives and real-time information on spending and forecasting. This transportation company turned to Acclaim Projects by Sopheon to help deliver projects on time and within budget.