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

APRIL 2, 2023

Data about how far off the original estimates were is needed to make accurate forecasts. The five-step project recovery plan Here’s the five-step ESI process for getting out of trouble. You establish a road map and process to achieve the goals, and continue to build confidence and morale.

Underperforming Technical Team 407

Underperforming Technical Team Technical Review Sustainability Estimate 407

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. The professional aspect: BA vs PM Certification.

Certification 405

Certification 2020 PMI 2013 405

Scrum.org

SEPTEMBER 10, 2023

In this article, we'll explore these crucial areas for a Scrum Product Owner's success. These artifacts drive the development process and help in making informed decisions about what to build next. Market Analysis A Product Owner should be well-versed in market analysis to identify trends, customer needs, and potential opportunities.

SCRUM 162

SCRUM Development Team Review Underperforming Technical Team Certification 162

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. process, policy, practices, perceptions, etc.) Also known as continuous process improvement.

Development Team Review 148

Development Team Review Project Life Cycle Underperforming Technical Team Estimate 148

Rebel’s Guide to PM

MARCH 11, 2021

AI has turned up in the project management trends articles over the past few years and it’s now most definitely here to stay. Project management is a human process,” he says, “It’s unique to the individual and the client, in terms of how good or how mature they are in regards to project delivery.”. Lloyd Skinner.

Artificial Inteligence 510

Artificial Inteligence 2030 Technical Review Underperforming Technical Team 510

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? Logs and registers.

Logistics 509

Logistics Artificial Inteligence PMI Performance Measurement 509

Wrike

JUNE 28, 2023

The SWOT analysis framework is one of the most widely adopted in business and project management. SWOT analysis templates are easy to use and understand. This article breaks down everything you need to know about SWOT analysis. We’ll cover the following: What is a SWOT analysis?

Underperforming Technical Team 36

Underperforming Technical Team Technical Review Risk Management Risk 36

Rebel’s Guide to PM

JUNE 29, 2022

Consider the following attributes of a modern transaction processing system, whether located on a server in the corporate data center or delivered as Software-as-a-Service in the Cloud. Work with the data custodians and the data center manager to identify the subject matter experts and conduct a stakeholder analysis. Final Thoughts.

2014 342

2014 Information Technology Controlling Budget 342

MPUG

APRIL 18, 2024

For a deeper dive into defining scope and getting stakeholders on-board, refer to the previous article – Scope Creep: How to Prevent a Major Source of Project Failure. This article provides an overview of the scoping process in four steps. A familiar tool is MoSCoW Analysis. Conclusion Scope creep kills projects.

Controlling 52

Controlling PMI Governance Government 52

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

Wrike

OCTOBER 4, 2023

Accurate construction cost estimates are crucial for successful project planning and execution. Understanding the Basics of Construction Budgeting Accurate cost estimation is the cornerstone of construction budgeting. Moreover, accurate cost estimates play a crucial role in financial planning and control.

Construction 36

Construction Estimate Budget Technical Review 36

ProProfs Project Management

MARCH 18, 2020

In simple terms, the Project Management process is the art of managing all components of a project from starting to closure using a structured scientific methodology. Let’s learn about the whole process while discussing 5 project management steps of a project life cycle. The processes in this phase are: . Initiating.

Process 99

Process Project Life Cycle Development Team Review Risk Management 99

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 258

Logistics Artificial Inteligence PMI Performance Measurement 258

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. Change control or change management is the process of managing unplanned but desired influences on the project. It’s the process of ensuring changes are properly evaluated and incorporated into project plans. What is scope creep?

Underperforming Technical Team 457

Underperforming Technical Team 2009 Controlling Risk Management 457

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

The IIL Blog

JULY 12, 2023

I was the Chair for both the Sixth and Seventh Editions, and I wrote this article to help you navigate the layout of the latest edition of the PMBOK ® Guide. There was a big change in the Standard as the content shifted from being focused on Process Groups to project management principles. I’ll start by describing the Standard.

2009 148

2009 PMI 2023 2018 148

ProjectManager.com

APRIL 13, 2022

Project selection is the process of evaluating projects to ensure that they align with your strategic objectives and deliver maximum performance. This process is done in what is called a feasibility study, which is part of the project initiation stage. The Project Selection Process. Cost-Benefit Analysis. Scoring Models.

Software Review 298

Software Review Project Life Cycle Manufacturing Executing 298

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. This allows these companies to take advantage of standardized processes and KPIs, automation, and economies of scale more easily than Project Businesses.

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Retail Manufacturing 2002 Construction 344

Resource Guru

JULY 19, 2023

You’ll see their advice and tips throughout the article as we attempt to create more context and practical tips. It refers to the systematic process and sequence of activities that an advertising agency follows to execute advertising campaigns and deliver services to clients. Unsurprisingly, that starts with your processes.

Process 52

Process Technical Review Software Review Underperforming Technical Team 52

Herding Cats

DECEMBER 30, 2017

One of the 4 summary root causes of project performance failures is Unrealistic Cost and Schedule Estimates based on inadequate risk-adjusted growth models. If you have no uncertainty, then estimates provide no value. Be an adult, manage other people's money using a risk management process. This is how business works.

Estimate 61

Estimate Governance Government Risk Management 61

Rebel’s Guide to PM

JANUARY 27, 2022

Here’s the 5 step ESI process for getting out of trouble — I saw a webinar hosted by them and these are my notes. . Establish a team Review and analyze the assessment model (how are we going to review documents, how are we going to move forward with analysis) Review critical documents Develop assessment plan. Duration: 2-5 days.

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Defining Estimate Initiating Executing 195

Rebel’s Guide to PM

FEBRUARY 1, 2022

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. Agile Estimating and Planning by Mike Cohn. Another of Mike Cohn’s books that is worth looking at is Agile Estimating and Planning. Buy on Amazon. Agile Practice Guide.

PMI 195

PMI Certification Estimate Software Review 195

Productivity Land

MARCH 26, 2024

In this article, we will explore how businesses harness the power of visualization to transform raw data into actionable intelligence. Both types of data are essential for comprehensive analysis. Understanding the Importance of Data Visualization Data visualization serves as a bridge between raw data and actionable insights.

Innovation 77

Innovation 2024 Logistics Initiating 77

LiquidPlanner

FEBRUARY 14, 2022

When teams have a good project risk management process in place, then you can identify and deal with all the project’s risks in an appropriate and thorough manner. an estimate of three or more on the scale mentioned in No. Estimation. Obviously, the importance of risk analysis in project management cannot be overstated.

Risk Management 167

Risk Management Risk 2012 Prince2 167

Wrike

JUNE 11, 2023

Process modeling is a crucial aspect of project management. In this article, we will explore the basics of process modeling, the steps to create a successful process model, the tools and techniques that can aid in effective process modeling, and showcase case studies where process modeling has proven to be invaluable.

Process 36

Process Software Review Manufacturing Software Developers 36

Wrike

JUNE 11, 2023

These frameworks involve the use of statistical techniques, probability theory, and mathematical formulas to estimate the likelihood and impact of risks, calculate expected values, and determine risk exposure. By following the COBIT framework, organizations can establish a clear line of sight between business goals and IT processes.

Risk Management 36

Risk Management Risk Underperforming Technical Team Technical Review 36

Scrum.org

OCTOBER 3, 2022

Shall I notify you about articles like this one? In this presentation, Allan "Nuke the backlog" Kelly suggests you rethink the very idea of the backlog and rebuild your agile process around outcomes. What about a forward estimation if stories are generated just in time? So what are we to do? By the way, it’s free.

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Agile 2022 SCRUM Lean 189

The IIL Blog

NOVEMBER 8, 2023

Gartner estimated that AI may replace 80% of project management activities by 2030. A recent article in Harvard Business Review described “How AI Will Transform Project Management”. In this article, I consider how emerging trends may impact the profession. I say, “Bring it on!” I look forward to the opportunity.

Artificial Inteligence 88

Artificial Inteligence Underperforming Technical Team Generative AI Technical Review 88

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. Make no mistake, meaningful and accurate risk analysis is a critical first step for establishing credible and defensible baseline plans.

Risk Management 158

Risk Management Risk 2003 2007 158

Rebel’s Guide to PM

JANUARY 24, 2022

Six videos covering tools and techniques, the process and more. In 2021, Cisco estimated that 82% of consumer internet traffic was video. RPA is Robotic Process Automation. Look at how you could adopt new tools with automation and AI features to speed up repetitive work and data analysis. Why is it important?

2022 484

2022 PMO Risk Management Artificial Inteligence 484

Scrum.org

SEPTEMBER 27, 2023

In this article, we aim to dispel any lingering doubts so that you can confidently decide "To use Definition of Ready or not to use." Product Backlog refinement activity: It's the process that helps PBIs become ready. Business analysis is finished based on the initial customer requirements? No major changes allowed?

SCRUM 203

SCRUM Risk Management Estimate Closing 203

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

The IIL Blog

MAY 31, 2023

The underlying assumption that the work is well-defined, and the required effort can be easily estimated is a shortcoming of these approaches. Monitoring and reporting processes are complicated and become lagging indicators. Work packages are small enough to be estimated and assigned. Done are the items that are complete.

Software Review 88

Software Review PMI Estimate Monitoring 88

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. . These Five Immutable Principles are found on all successful projects.

Estimate 55

Estimate Risk Management Controlling Closing 55

Velociteach

OCTOBER 5, 2023

Gartner estimated that AI may replace 80% of project management activities by 2030. A recent article in the Harvard Business Review described “ How AI Will Transform Project Management.” In this article, I consider how emerging trends may impact the profession. Artificial Intelligence (AI) will transform project management.

Artificial Inteligence 81

Artificial Inteligence Underperforming Technical Team Generative AI Technical Review 81

Herding Cats

JUNE 18, 2017

Can you make a decision without an estimate? There are NO means of making a credible decision in the presence of uncertainty without estimating the outcome of that decision. These two points of view are the basis of any credible business management process. Don't assume, Estimate. This type of fallacy is common. .

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Estimate Risk Management Finance Risk 37