Rebel’s Guide to PM

DECEMBER 18, 2022

By the end of this article, hopefully, you will have a better understanding of how to approach requirements gathering (which we should really call eliciting requirements) for your next project! Second, they help to ensure that the project team can balance scope, timescale, budget, and resources to get them an output they will find acceptable.

Underperforming Technical Team 402

Underperforming Technical Team Technical Review Budget Software Review 402

Rebel’s Guide to PM

JULY 24, 2023

Ideally, you’d be able to provide a definitive estimate, carefully created from loads of input from subject matter experts and plenty of research on past projects and their budgets. And we haven’t yet received the mandate to do a deep dive into requirements and scope that would enable more accurate results from the budget forecasting.

Estimate 285

Estimate PMO PMI Budget 285

Rebel’s Guide to PM

MAY 9, 2022

EMV is a risk analysis tool that helps establish the contingency reserves for your project activities. It’s a quantitative risk analysis technique based on the probability of occurrence. In this case, the 4 risks give a total of -$3,550 so that is the amount to allocate to your risk budget. EMV analysis example.

Software Review 403

Software Review Technical Review Risk Management Risk 403

Rebel’s Guide to PM

NOVEMBER 2, 2023

How can I stay within the budget with the available resource mix? Enterprises fail to deliver projects on time and within budget without the right forecasting tools. Subsequently, the project fails to deliver on time and within budget. What should I do with the excess capacity without sufficient work to engage them?

Underperforming Technical Team 299

Underperforming Technical Team Technical Review Software Review Estimate 299

MPUG

OCTOBER 24, 2022

Many ‘Request for Proposal’ (RFP) documents require that a Schedule Risk Analysis (SRA) must be performed on the submission. There are some obvious penalties for neglecting to do an SRA, such as bid disqualification, and future penalties if you don’t delivery on time and on budget. The post Is Schedule Risk Analysis Worth It?

Risk 64

Risk Risk Management Estimate Budget 64

MPUG

DECEMBER 19, 2022

As Project Managers we remain masters of organization, planning, and problem-solving, and always seem to find a way to get things done on time (and within budget ?). Top 20 Articles published in 2022. We at MPUG understand that you’re busy and don’t have time to sift through our thousands of articles to find the gems.

2022 52

2022 2023 2016 Risk Management 52

MPUG

MARCH 15, 2024

AI operates through complex algorithms and data analysis to simulate human intelligence in machines. Over time, and with sufficient data, AI systems improve their accuracy and efficiency in tasks such as speech recognition, image analysis, decision-making, and natural language understanding.

Artificial Inteligence 116

Artificial Inteligence Technical Review Healthcare Risk Management 116

Rebel’s Guide to PM

SEPTEMBER 14, 2020

One of the reasons for that is scope creep – and that’s what this article is all about. By the way, the answer to that question is: “Yes, let me analyze what the impact will be and bring you a recommendation for what that means for our current budget and timeline.”). What is scope creep? What’s so bad about scope creep anyway?

Underperforming Technical Team 457

Underperforming Technical Team 2009 Controlling Risk Management 457

Rebel’s Guide to PM

SEPTEMBER 29, 2021

In the PMI Business Analysis Practice Standard, business analysis is defined like this: The set of activities performed to identify the business need and recommend relevant solutions; and to elicit, document, and manage requirements. 5 Main responsibilities of a business analyst. What does a project manager do?

Certification 405

Certification 2020 PMI 2013 405

PM Basics

SEPTEMBER 8, 2022

Qualitative risk analysis boosts the chances for project success dramatically. I honestly believe that this risk analysis in more than enough for small and medium projects. Qualitative Risk Analysis is the process of prioritizing risks for further analysis or action by assessing and combining their probability of occurrence and impact.

Risk 59

Risk Risk Management Software Review Technical Review 59

ProjectManager.com

AUGUST 29, 2023

Plus we’ve added handy links to help you dive deeper into different topics with videos, articles and even our round-up of all resources so you can put these important terms into practice with your projects. Read Peter Landau’s article How to Write a Business Case to learn more about its structure.

Software Review 393

Software Review Underperforming Technical Team Lean Event Chain 393

Rebel’s Guide to PM

JUNE 29, 2022

Work with the data custodians and the data center manager to identify the subject matter experts and conduct a stakeholder analysis. While these aren’t the sexy parts of an IT project, missing these requirements can still delay your project or put it over budget. Ensure it’s a part of those conversations. Final Thoughts.

2014 342

2014 Information Technology Controlling Budget 342

Project Risk Coach

OCTOBER 3, 2022

In this article, we will explore what a risk threshold is, why it matters, and look at some examples. Learn more about project risk in my article What is Project Risk? Imagine a project manager who has engaged the stakeholders and performed quantitative risk analysis, resulting in a risk exposure of $80,000. What is Risk?

Risk Management 221

Risk Management Risk Defining Budget 221

ActiveCollab

AUGUST 18, 2022

Risk is one of the aspects that can impact timeline, budget, scope, and project resources, and there is no way of knowing when it will happen. This article will give you a couple of tips and tricks, explain how the risk matrix works, and help you turn your results into action. WHAT IS A QUALITATIVE RISK ANALYSIS MATRIX?

Risk Management 69

Risk Management Risk Influencer Budget 69

Wrike

OCTOBER 4, 2023

A well-developed budget lays a solid foundation for managing costs and ensures that projects are completed within financial constraints. Understanding the Basics of Construction Budgeting Accurate cost estimation is the cornerstone of construction budgeting.

Construction 36

Construction Estimate Budget Technical Review 36

Rebel’s Guide to PM

SEPTEMBER 3, 2021

You wouldn’t believe the number of project managers I speak to on mentoring calls who struggle to get their budget approved. If you’re wondering what budget contingency is, then you have come to the right place. Only 62% of projects complete within their original budget, according to PMI’s 2021 figures. Not least: is it enough?

Technical Review 297

Technical Review Software Review Estimate Risk Management 297

Project Risk Coach

MARCH 21, 2022

Or perhaps your team said they had gathered the requirements, but in reality, the team had hastily rushed through the requirement process resulting in rework, missed deadlines, and another blown budget. Read my article: Why Project Managers Need Business Analysts. Through analysis, the BA discovers what the user actually needs.

Underperforming Technical Team 416

Underperforming Technical Team Software Review Risk Management Controlling 416

Rebel’s Guide to PM

APRIL 5, 2024

This article reviews and explains the 10 project management Knowledge Areas from the PMBOK® Guide -- Sixth Edition. Under the umbrella of cost management, you will: Plan how much you are going to approach budgeting Estimate your costs Create the project budget Track and control the budget (using a budget tracking spreadsheet like this one ).

PMI 205

PMI Risk Management Risk Technical Review 205

Rebel’s Guide to PM

MARCH 10, 2022

Now we’ve approved the budget and the project has started, how much will it really cost? What has that done to the budget? Given that plenty of studies show cost overruns, some finding that 9 out of 10 projects go over budget (averaging 28% overspent), it’s not surprising that project sponsors want to keep a tight grip on costs.

Estimate 409

Estimate Software Review Budget Cadence 409

Kiron Bondale

JUNE 19, 2022

If the team doesn’t take the effort to dig deep with stakeholders to understand the relative priority of constraints, they will be missing a valuable input for their analysis when an issue crops up which makes it impossible to achieve all of a project’s objectives. “ Now you know. And knowing is half the battle.

Finance 320

Finance PMI Budget Leadership 320

Rebel’s Guide to PM

FEBRUARY 2, 2024

Your supporting information could be slides, a proposal document, a reference to the risk log or issue log, or change analysis, or anything else that backs up why you agreed on that particular thing at that particular time. Record decisions like: Approval for budget and resources Changes to scope etc Strategic direction and solutions.

Risk Management 326

Risk Management Risk Budget Controlling 326

Rebel’s Guide to PM

FEBRUARY 15, 2021

In this article, we’ll explain what the performance domains are and give you some examples of what you need to know about each one. I’ll update the article when more information is available. Instead of the Knowledge Areas , we have the whole body of project management split up into 3 performance domains. Domain I: People.

Technical Review 466

Technical Review PMI Influencer Leadership 466

Rebel’s Guide to PM

JULY 22, 2023

In this article, I will provide more detail on a framework for making better decisions in an effective, rational and ethical way. Then the option with the highest composite score would be the most likely choice Decision tree analysis. Some problems lend themselves to this kind of analysis. SWOT analysis.

Software Review 303

Software Review Monitoring Risk Management Governance 303

Scrum.org

MARCH 4, 2024

This article outlines actionable strategies for thriving in challenging times, emphasizing that growth and success are achievable by leveraging community strength and readily accessible resources. Shall I notify you about articles like this one? Consider using ResearchGate for an initial analysis of who is working in the field.)

Agile 150

Agile Generative AI SCRUM 2024 150

Rebel’s Guide to PM

AUGUST 5, 2018

We all want more successful projects – projects that deliver their intended business value and are delivered on time and on budget. Business analysis helps ensure your project delivers the intended business value and that business needs, requirements, and processes are well-understood, leading to a more streamlined implementation process.

Risk Management 362

Risk Management Budget Risk Process 362

Rebel’s Guide to PM

OCTOBER 3, 2023

If you are studying for the Project Management Professional (PMP)® exam, this is the article you need to help you break down and understand the contents of the exam. In this article, we’ll explain what the performance domains are in the exam content outline and give you some examples of what you need to know about each one for the test.

Technical Review 298

Technical Review Software Review PMI 2023 298

Rebel’s Guide to PM

FEBRUARY 28, 2022

Remember that your risk owner allocation might need to change later because you haven’t done a full risk analysis at this point. The analysis process can be anything from making a qualitative statement about the problem to a full Monte Carlo analysis. First, work with them to identify the best tool for analysis.

Risk Management 276

Risk Management Risk Technical Review 2015 276

LiquidPlanner

SEPTEMBER 4, 2018

In this article I’ll look at 5 project management techniques, processes and skills that you will no doubt have heard mentioned time and time again. Critical Path Analysis. Earned Value Analysis. Earned Value Analysis (EVA) is a way of measuring a project’s progress and performance against time and budget targets.

Governance 588

Governance Government Influencer Lean 588

MPUG

APRIL 5, 2021

One user responded and told us about the large corporation he works for that is required to do Earned Value Analysis (EVA). According to PMI, Earned Value Analysis (EVA) is a method that allows a project manager to measure the amount of work actually performed on a project beyond the basic review of cost and schedule reports.

PMI 52

PMI Governance Government Software Review 52

The IIL Blog

FEBRUARY 28, 2024

Insufficient depth in risk analysis, such as relying on qualitative assessments alone without considering quantitative analysis, can result in inaccurate risk prioritization. AI can automate the process of identifying risks by continuously monitoring project-related data, including schedules, budgets, and team performance.

Risk Management 163

Risk Management Risk Controlling Artificial Inteligence 163

Rebel’s Guide to PM

MARCH 18, 2021

In this article we’ll look at the types of artifacts in project management, typical documents for each type. Artifacts are categorized in the PMBOK® Guide – 7 th edition into 9 different types and that’s what this article is going to look at. The article will be updated in due course. What is an artifact?

Logistics 509

Logistics Artificial Inteligence PMI Performance Measurement 509

Rebel’s Guide to PM

SEPTEMBER 26, 2022

The overall change is managed as a program, under a program manager who consolidates program-level risks, manages resource conflicts across all projects, controls the budget and works with business owners to realize the benefits across all the initiatives. If they can’t, do a training needs analysis and get your team skilled up.

PMO 276

PMO Technical Review Leadership Risk Management 276

Rebel’s Guide to PM

JANUARY 8, 2024

In this article I’ll share 10 simple things that you can do to get up to speed quickly and avoid those rookie errors. From baselines to Gantt charts, work breakdown structures to risk sensitivity analysis, there are so many new terms to get to grips with. Learn the vocab Project management has a lot of jargon.

Risk Management 324

Risk Management Underperforming Technical Team Risk Controlling 324

The IIL Blog

FEBRUARY 21, 2024

This is the first in a series of articles that will explore different ways you can leverage various types of AI to help you save time and improve your outcomes. This article will focus on using AI for performance tracking. AI can automate a lot of the analysis making the whole tracking and reporting process faster and more efficient.

Artificial Inteligence 78

Artificial Inteligence ChatGPT Generative AI 2009 78

Rebel’s Guide to PM

JUNE 25, 2020

In this article we’ll talk about the different types of bias in project management. This occurs when people use representative association rather than factual analysis. Afterwards, in a second exercise, students conduct a rigorous stakeholder analysis mitigates and realize that the tension was the result of anchoring heuristics.

Technical Review 488

Technical Review 2007 Finance Estimate 488

Techno-PM

JUNE 9, 2023

A breakeven analysis is an essential tool for businesses of all sizes and industries. Conducting a breakeven analysis can be challenging, but with the right steps, it can be done easily. In this article, we will explore the practical steps you can take to conduct a breakeven analysis for your business.

Technical Review 28

Technical Review Risk Management Budget Risk 28

MPUG

APRIL 25, 2022

In my previous article , I discussed the importance of a baseline, and how, without one, a PM doesn’t have a yardstick, per se, to measure with. Let’s define such using PMI as our guide: Earned value (EV) is the measure of work performed, expressed in terms of the budget authorized for that work. EVM Importance.

Project Life Cycle 108

Project Life Cycle 2013 2016 2019 108