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

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 337

2014 Information Technology Controlling Budget 337

Rebel’s Guide to PM

JUNE 25, 2020

In this article we’ll talk about the different types of bias in project management. Anchoring occurs when a project manager adjusts an estimate closer to a number she previously heard or saw. ” Even if the project manager disbelieves the two-week estimate, she would be unlikely to stick to her two-month plan.

Technical Review 487

Technical Review 2007 Finance Estimate 487

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 399

Certification 2020 PMI 2013 399

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 450

Underperforming Technical Team 2009 Controlling Risk Management 450

The IIL Blog

OCTOBER 17, 2023

Bottom-up Estimating A project estimation technique that leverages tactical-level team members/subject matter experts (SMEs) to break down tasks into smaller components to create a more accurate estimate. hours, personnel needed, and/or tasks) to ensure that a project can be completed on time and within budget.

Development Team Review 148

Development Team Review Project Life Cycle Underperforming Technical Team Estimate 148

Epicflow Blog

JULY 5, 2022

Estimation of project cost is one of the core practices of the project initiation stage, which becomes the basis for the approved project budget. However, the main challenge of this process is that it has to be performed under conditions of uncertainty – you can forecast only the approximate budget you’re going to spend on a project.

Project Cost 52

Project Cost Estimate Process Budget 52

Rebel’s Guide to PM

JULY 20, 2023

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

Logistics 253

Logistics Artificial Inteligence PMI Performance Measurement 253

ProjectManager.com

FEBRUARY 16, 2024

Critical Path Analysis: Identifies the tasks that must be completed to deliver the project. No Cost or Resource Tracking Features: Projects are expensive and costs must be closely monitored to make sure you don’t overspend the budget. That’s a big problem, especially if you want to deliver your project within its budget.

Software Review 338

Software Review Underperforming Technical Team Software Estimate 338

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

Teamweek

MARCH 22, 2024

In this article, we’ll explore an in-depth review of their key features, pros and cons, integrations, and pricing. Toggl Track Price : Starts at $10/month Toggl Track is a time tracking, reporting, and profitability solution that teams can use to monitor project budgets and analyze profitability.

2024 59

2024 Software Review Software Estimate 59

Rebel’s Guide to PM

APRIL 21, 2021

They perform competitor analysis and evaluate alternatives. Instead, he or she provides recommendations and options as well as highlights potential risks to consider in order to estimate a given task. They understand the semantics of creating a win-win situation whether when securing a budget or a resource for a project.

2021 477

2021 PMO Executing Risk Management 477

Online PM Courses

APRIL 23, 2018

Risk analysis is both easy and hard at the same time. Is it any wonder that one of the most quoted aphorisms in project manager is this, from Tim Lister: Risk Management is Project Management for Grown-Ups’ Where Does Risk Analysis Fit in? Risk analysis is one part of the wider Risk Management process.

Risk 69

Risk Risk Management Estimate Technical Review 69

LiquidPlanner

FEBRUARY 14, 2022

When studies tell us that easily half of all IT projects run over budget and past deadline , we see how easily risk turns into real trouble for projects and their organizations. an estimate of three or more on the scale mentioned in No. Estimation. But there are ways you can mitigate and manage risk. Identify opportunities.

Risk Management 167

Risk Management Risk 2012 Prince2 167

Rebel’s Guide to PM

FEBRUARY 1, 2022

I believe you won’t need to read all of the books on the agile exam reading list, so pick one or two that suit your budget and your learning style. Keep reading for my analysis and reviews of the best PMI-ACP prep books that will help you understand agile methodologies and earn your agile certification. Buy on Amazon.

PMI 195

PMI Certification Estimate Software Review 195

NimbleWork

APRIL 16, 2024

” In this article, we’ll explore the essential project management processes, and techniques that project managers rely on to navigate the complexities of project management and deliver successful outcomes. It helps project managers estimate project duration and identify critical tasks.

Process 52

Process 2030 Software Review Estimate 52

LiquidPlanner

MAY 24, 2022

This notion of contingency analysis shows that when planning or budgeting, we must account for foreseeable risk and factor in the optimal route required with the minimum number of possible detours. Any forecast used to establish baseline budgets will be imperfect, whether for reserve fuel supplies or project contingencies.

Risk Management 158

Risk Management Risk 2003 2007 158

The Lazy Project Manager

FEBRUARY 18, 2020

The following article is the first of four in a series on ‘Project Business’ and is authored by Daniel Bévort. As such I am delighted to share these articles with you. How would you categorize construction, architecture and engineering companies?

Retail 344

Retail Manufacturing 2002 Construction 344

ProjectManager.com

APRIL 13, 2022

Much of the focus of project management is obviously on methodologies that keep your project on time and within budget. Cost-Benefit Analysis. Cost-benefit analysis is used to estimate the costs and benefits associated with a particular project. Projects need management. But you don’t want to initiate a loss leader.

Software Review 293

Software Review Project Life Cycle Manufacturing Executing 293

Wrike

NOVEMBER 1, 2021

Project estimation is the backbone of proper project planning and execution. Using the right project estimation techniques helps managers predict the time, cost, and resources needed to complete a project. What is parametric estimating? What is parametric estimating? Analogous and parametric estimating.

Estimate 36

Estimate Underperforming Technical Team Project Life Cycle Construction 36

MPUG

JULY 24, 2023

In 2023, Project Management Solutions published a white paper on Project Management Skills for Value Delivery after surveying hundreds of organizations of varied sizes and types that showed that PMs (includes PMPs) across the board were particularly unskilled at measuring work performed using earned value analysis.

Project Life Cycle 52

Project Life Cycle Budget 2023 Controlling 52

MPUG

MAY 9, 2022

In the first article of this series , I discussed the importance of Earned Value Management, or EVM, which evaluates the performance of your project in terms of its schedule, cost, and work. In this article, we will discuss earned value fields in Microsoft Project and the meaning of each field. Earned Value Fields in MS Project.

Budget 59

Budget Estimate Planning 59

Planio

APRIL 22, 2024

According to some estimates , PMs spend 90% of their time communicating with team members, sponsors, and stakeholders. Whether it’s a business case, project plan, or market analysis, an executive summary is a great way to get the project’s most important information across quickly and clearly. Project managers are born communicators.

Executing 88

Executing Fractional CTO Technical Review CTO Hire 88

ProjectManager.com

FEBRUARY 22, 2021

You have to plan, execute and close within a specific timeline and a limited budget. A checklist-like format gives you space to add time estimates, who is responsible for what and more, while a timeline shows the whole project at once. Project Budget Template. Every event has a budget. An event is a project.

Planning 208

Planning Budget Closing Executing 208

Herding Cats

OCTOBER 5, 2018

There is a discussion of the conjecture that estimates are a waste, estimates can't be done, estimates are evil, estimates must be stopped immediately. To be informed how to estimate in this broad range of domains, problems, and impacts — education, experience, and skill are needed. illities are a waste.

Estimate 40

Estimate Engineering Software Engineering Software Developers 40

Herding Cats

MAY 18, 2017

In order to manage risk - and act as an adult when spending other people's money - you must estimate many aspects of the project. The Five Immutable Principles of Project Success layout the aspects of project success that must be managed using estimates. . Related articles. Who's Budget is it Anyway?

Estimate 55

Estimate Risk Management Controlling Closing 55

Rebel’s Guide to PM

FEBRUARY 1, 2022

Today, in this article, we’re focusing on exam prep study guides for exam readiness, not on all the deep domain knowledge (although I admit there is some cross over). Tip: You won’t need to read all of these, so pick one that suits your budget and your learning style. PMI-ACP Exam Prep by Mike Griffiths.

PMI 195

PMI Software Review Certification Logistics 195

Online PM Courses

JULY 30, 2018

These have been among our most popular and heavily-read articles, so I hope you’ll enjoy them. We have written a lot of articles (and we’ll continue to do so) on how to make your projects succeed. These articles include: How to get Better Project Management Results. Two-part Analysis. Articles you might like.

Governance 125

Governance Government Estimate Technical Review 125

Rebel’s Guide to PM

JANUARY 24, 2022

In 2021, Cisco estimated that 82% of consumer internet traffic was video. Look at your project schedule and consider whether you have truly incorporated enough change management activities (and time/budget for those activities) in the plan. My sponsor wants to see different things, like real-time information on progress and budget.

2022 480

2022 PMO Risk Management Artificial Inteligence 480

Rebel’s Guide to PM

JANUARY 18, 2023

In this article, we’ll dive deep into both approaches by looking at how they compare against each other as well as their associated costs. If your project budget is as stretched as your time, your sponsor is going to have to make a difficult call: is there money available to pay for the extra help? Do the cost-benefit analysis.

Software Review 340

Software Review Construction Risk Management Risk 340

Velociteach

APRIL 11, 2023

A 5-Whys analysis can facilitate the purpose-discovery process by asking, “What problem are we trying to solve?” The requirements set expectations, define constraints, and are input into the cost and duration estimates. At this point, the budget estimate may only be +50%/-30% of the final project costs.

Underperforming Technical Team 77

Underperforming Technical Team Risk Management Estimate Risk 77

Herding Cats

APRIL 29, 2017

What is an estimate? An estimate as a noun is an approximate calculation or judgment of the value, number, quantity, or extent of something. An estimate as a verb is to roughly calculate or judge the value, number, quantity, or extent of. But those estimates, nouns, and verbs themselves's have other attributes.

Estimate 46

Estimate Risk Management Risk SCRUM 46

PM Basics

NOVEMBER 2, 2020

In this article, you’ll find the real-life project risk management plan example. Qualitative Risk Analysis. Optional) Quantitative Risk Analysis. It’s acceptable to perform risk analysis in batches at a later date. Requirements Analysis. Analysis of Work Breakdown Structure. Monitoring Risks.

Risk Management 105

Risk Management Risk Planning Technical Review 105

PM Basics

SEPTEMBER 7, 2022

Here’s the most important thing you need to take from this article. After you’ve drafted the project budget. Document analysis. Root cause analysis. Assumptions analysis. Other techniques, like requirements analysis, are specific to a piece of project documentation, and you do it once. Brainstorming.

Risk 109

Risk Software Review Underperforming Technical Team Risk Management 109

Scrum.org

JANUARY 22, 2024

Shall I notify you about articles like this one? Standish Group data reveals a startling 58% of Agile teams struggle with delays, budget issues, and dissatisfied customers. Emphasis on refining and estimating Product Backlog items. Case study analysis of successful agile product management. What Is a Scrum GPT?

ChatGPT 159

ChatGPT SCRUM Artificial Inteligence Agile 159

Herding Cats

MARCH 12, 2016

Neil Killick posted a good question, what's the common ground for talking about estimates. All estimates have two attributes - accuracy and precision. The values of these two attributes are what those needing the estimates are after. That request comes from those asking for the estimate. 100M, 200M, 500M?

Estimate 46

Estimate Cadence Risk Management Risk 46

Epicflow Blog

FEBRUARY 15, 2024

Read the article to gain insight into the specifics of manufacturing project management and learn useful recommendations on the effective orchestration of projects in the industry. Additionally, this minimizes the chance of deviating from the project schedule, going over the budget, and delaying the delivery of a product.

Manufacturing 52

Manufacturing Technical Review 2024 Risk Management 52