article thumbnail

Kanban History: Origin & Expansion Across Industries

ProjectManager.com

While kanban systems were once analog, they have since moved into the digital space and are often found in project management software. ProjectManager is award-winning project and portfolio management software that has powerful kanban features that can estimate project costs and track resource allocation.

article thumbnail

Importance of Scenario Planning and Analysis in Business

ProjectManager.com

Then we’ll explore scenario planning in business and project management before explaining the steps that must be taken to use this process. Scenario planning is a strategy used to consider possible future events for an organization or project to develop an effective and relevant long-term plan to respond positively to that change.

Planning 343
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Kanban vs. Scrum: What’s the Difference?

ProjectManager.com

Kanban and scrum are agile project management methodologies that can be used for similar purposes, but each has its unique pros and cons. As a project manager, it’s important to understand the difference between kanban and scrum so you can determine the best approach for your team. What Is Scrum?

SCRUM 412
article thumbnail

How to Build and Implement a Project Strategy

ProjectManager.com

Create a Project Budget The project budget will determine the resources, which is the estimated costs of the project. By creating a budget, the project manager can forecast the project costs. There are also agile practices, which are more iterative and collaborative with cross-functional teams.

Budget 374
article thumbnail

The Complete Guide To Benefits Of Agile Certification

Agilemania

Agile product management is the most preferred approach to developing new products, services, or solutions. It should come as no surprise since the Agile adoption rate increased from 37% in 2020 to 86% in 2021. . How does agile adoption start? And, how do you start learning Agile? Through Agile certifications! .

article thumbnail

Top 10 Project Management Qualifications

ProjectManager.com

It includes all project resources, from people to equipment and materials, which are needed to execute the project. Project budgets are estimated by project managers and then approved by the project client or stakeholders. Risk Management A project risk is an unexpected event, which can be positive or negative.

article thumbnail

Managing Project Assumptions and Risks

The IIL Blog

For example, the projects must be delivered by a certain date. For example, IF the project costs more than planned, THEN there are multiple potential impacts. Risks are future events with a likelihood of occurrence and potential impact. IF this event occurs, THEN this is the impact. Constraints also create risks.