Project Pulse Journal

MARCH 7, 2024

Project value delivery drives to fulfill its intended purpose and deliver tangible value that is aligned with the business strategy, with support from both stakeholders and business leaders. Analysis tools such as PESTLE and SWOT are also available in a PM’s toolkit to assess both internal and external project environments.

Governance 52

Governance Government Technical Review Sustainability 52

MPUG

JUNE 19, 2023

Through the process of doing the work, we learn more about the subject of our work and the processes we employ for our project objectives. In this article, we will define change orders and provide steps for how to integrate change orders in Microsoft Project. This step includes designing a standard form. 

Development Team Review 52

Development Team Review Software Review Risk Management Budget 52

Epicflow Blog

FEBRUARY 20, 2023

It facilitates the optimization of project costs and can increase a project’s profitability. It helps plan future projects. It’s a good idea to select a resource management solution that provides visibility into all this data; we’ll discuss its capabilities later in the article. Aren’t they too long?

Monitoring 52

Monitoring Technical Review Project Cost Initiating 52

PM Basics

NOVEMBER 2, 2020

In this article, you’ll find the real-life project risk management plan example. It comes from my practical experience working on software development projects. A Risk is an uncertain event or condition that, if it occurs, has a positive or negative effect on a project’s objectives. Qualitative Risk Analysis.

Risk Management 105

Risk Management Risk Planning Technical Review 105

Herding Cats

APRIL 14, 2018

Software engineering economics is a topic that addresses the elements of software project costs estimation and analysis and project benefit-cost ratio analysis. As well, these costs and the benefits from expending those costs produce tangible and many times the intangible value.

Process 45

Process Estimate Software Developers Software Development 45

Herding Cats

OCTOBER 28, 2016

Using the chart from the post, showing the number of projects that went over their estimated effort, let's look closer at a process to sort out the conjectures made in the post about estimating. Start with Root Cause Analysis and only then suggest the reason for the problem. Related articles.

Estimate 28

Estimate Performance Measurement Information Technology Risk Management 28

Velociteach

APRIL 11, 2023

Regardless of the format, articulating the project’s intent is invaluable and harder than expected. Developing the charter often requires negotiating with stakeholders to align their support for the project. Including the project manager early in the process is advantageous. Risk management is an ongoing process.

Underperforming Technical Team 77

Underperforming Technical Team Risk Management Estimate Risk 77

Wrike

OCTOBER 4, 2023

Direct costs: Expenses directly associated with the construction activities, such as materials, labor, and equipment. Estimating these costs requires careful analysis of the project’s specifications, as well as market research to determine the current prices of materials and labor.

Construction 36

Construction Estimate Budget Technical Review 36

International Institute for Learning

DECEMBER 7, 2022

In the past five years, there have been numerous articles discussing how Artificial Intelligence (AI), can and will benefit the field of project management. Recognizing the need for AI applications has been discussed in numerous journal articles. Project Management Maturity. Harold Kerzner. Introduction.

Artificial Inteligence 96

Artificial Inteligence Technical Review 2022 2020 96

The IIL Blog

JUNE 7, 2023

Every year, numerous articles are written that describe new approaches to management and leadership practices. The focus of this paper is to discuss some of the challenges facing the linkage between artificial intelligence (AI), project management, and stakeholder relations management. By Harold Kerzner, Ph.D. and Elissa Farrow, Ph.D.

Artificial Inteligence 78

Artificial Inteligence Influencer ChatGPT Innovation 78

Wrike

SEPTEMBER 23, 2023

Soft costs in this area include the time and effort spent on risk analysis, developing risk mitigation strategies, and establishing backup plans. Expenses for project monitoring and control: Project managers need to continuously monitor project progress, track milestones, and ensure that the project is on track.

Technical Review 36

Technical Review Budget Risk Management Monitoring 36

Velociteach

MARCH 4, 2024

We have sort of a fair idea about, you know, what’s the IT part going to cost, and how expensive this change part is going to be, and then also what benefits can we realize? And then the sponsor can say, yes, it’s still an excellent project. Or, no, it’s probably better that we spend some of our efforts on another project.

Consulting 59

Consulting Initiating Process Estimate 59

Proofhub

NOVEMBER 12, 2019

For some, it is the team who works hard day and night to deliver every deliverable and deadlines within the project to make it successful. And for the rest, it takes the best of both (management and teamwork) to make a project successful. We will take a closer look at the various aspects of project management.

Software Review 60

Software Review Technical Review Monitoring Risk Management 60

ProProfs Project Management

MAY 16, 2019

Among other things, DevOps team members rely heavily on information analysis. In this article, we specifically talk about the impact of AI in project management and its various pros and cons. In this article, we specifically talk about the impact of AI in project management and its various pros and cons.

Artificial Inteligence 86

Artificial Inteligence Underperforming Technical Team Software Review Risk Management 86

MPUG

AUGUST 26, 2019

Having been a project manager for all of my working life and now a teacher of project management skills for more than a decade, I always tell my students to follow sound project management principles and to manage risks proactively. Proactive project risk management is integral part of project management.

Risk 85

Risk Risk Management Governance Government 85

Rebel’s Guide to PM

NOVEMBER 2, 2023

Resource forecasting is essential in project management to predict the future resource requirements in an organization to complete projects successfully. It is a step-by-step process that project managers can implement to estimate and allocate resources effectively.

Underperforming Technical Team 299

Underperforming Technical Team Technical Review Software Review Estimate 299

Wrike

SEPTEMBER 3, 2023

In today’s competitive business landscape, organizations are increasingly turning to Professional Services Automation (PSA) projects to streamline their operations, improve efficiency, and enhance customer satisfaction. However, embarking on a PSA project requires careful planning, strategic alignment, and adherence to best practices.

Artificial Inteligence 36

Artificial Inteligence Technical Review Underperforming Technical Team Innovation 36

Project Pulse Journal

NOVEMBER 24, 2023

This is where Monte Carlo Simulation transforms the art of project risk management into a more precise science, as part of quantitative risk analysis. With a Monte Carlo analysis, you can assess project risks, determine the likelihood of occurrence, and turn the 'what-ifs' into tangible predictions.

Risk Management 52

Risk Management Risk Engineering Estimate 52

Epicflow Blog

MAY 12, 2022

What do you need to know to allocate resources efficiently in a multi-project environment and utilize them to the full? Let’s figure it out in the article. . Resource Allocation in Project Management: Definition and Importance. Let’s explore the most significant hurdles in this process. . Uncertainty .

Software Review 52

Software Review Underperforming Technical Team Risk Management Process 52

Rebel’s Guide to PM

APRIL 5, 2024

PMBOK 7 talks about the 8 project performance domains. This article reviews and explains the 10 project management Knowledge Areas from the PMBOK® Guide -- Sixth Edition. Basically, each Knowledge Area (which you might see abbreviated to KA) is a category of concepts and processes with a common goal.

PMI 205

PMI Risk Management Risk Technical Review 205

Teamweek

MARCH 5, 2024

{ “@context”: “[link] “@type”: “Article”, “headline”: “Timely vs Toggl: A Definitive Comparison [March 2024]”, “alternativeHeadline”: “Toggl vs Timely: Which Should You Use? You only need to accept them when you are done for the day.

2024 59

2024 Software Review Technical Review Monitoring 59

Online PM Courses

SEPTEMBER 3, 2018

Project Cost Management often puts people off. But there’s little your project sponsor, your client, or their Finance Director care about more than your budget and how closely you can stick to it. Project cost over-runs are common. The governance considerations for project cost management.

Project Cost 74

Project Cost Prince2 Budget Governance 74

Wrike

JUNE 11, 2023

However, defining and measuring project success can be a complex task. That’s where project success metrics and key performance indicators (KPIs) come into play. In this article, we will explore the importance of project success metrics and how using a KPI dashboard can help manage and track these metrics effectively.

Technical Review 36

Technical Review Software Review Monitoring Risk Management 36

Herding Cats

MAY 10, 2019

Information about key project cost, (technical) performance, and schedule attributes is often uncertain or unknown until late in the program. Project Risk Management: A Combined Analytic Hierarchy Process and Decision Tree Approach,” Prasanta Kumar Dey, Cost Engineering , Vol. 3, March 2002. Weber, Christopher K.

Risk Management 38

Risk Management Risk Technical Review 2002 38

Herding Cats

FEBRUARY 13, 2018

Aleatory uncertainty, from the naturally occurring variances in the process and Epistemic uncertainty from the probabilistic event-based processes that impact the project. Epistemic uncertainty and the risk it creates can be reduced with handling processes. Related articles. IT Risk Management.

Risk 37

Risk Estimate Risk Management Infrastructure 37

Herding Cats

MAY 11, 2019

Let's start with a critical understanding of the purpose of managing risk on software development projects. Information about key project cost, (technical) performance and schedule attributes is often uncertain or unknown until late in the program. Finucane, Ellen Peters, and Donald MacGregor, Risk Analysis , Vol.24,

Risk Management 35

Risk Management Risk Technical Review 2002 35

nTask

MARCH 30, 2022

This is why, for the long-lasting success of your company, you need to understand what project cost management or cost control in project management is and how it can be helpful to you while you are working for your organization to stay on course. If you are in a similar conundrum, then this article is for you.

2022 88

2022 Project Cost Construction Budget 88

Rebel’s Guide to PM

SEPTEMBER 3, 2021

This article will explain project contingency, how to calculate contingency and how to manage it within the scope of your projects. What is project contingency? Contingency can be defined as additional resources put aside to address potential risk and uncertainty in a project. Robust method: Risk analysis.

Technical Review 297

Technical Review Software Review Estimate Risk Management 297

Herding Cats

MARCH 11, 2017

This quote demonstrates a lack of understanding of making decisions in the presence of uncertainty and the processes and events that create uncertainty. All project work has uncertainty. Uncertainty comes from the lack of precision and accuracy about the possible values of a measurement of a project attribute.

2003 46

2003 2014 2015 2011 46

Herding Cats

AUGUST 12, 2016

Here's an article, recently referenced by a #NoEstimates twitter post. The headline is deceiving, the article DOES NOT suggest we don't need deadline, but that deadlines without credible assessment of their credibility are the source of many problems on large program. The Core Problem with Project Success. Related articles.

Technical Review 28

Technical Review Estimate 2003 Aerospace 28

Herding Cats

JANUARY 20, 2018

Let's start with that dreaded waterfall development process. Agile will come next, but waterfall (and of course the term is no longer allowed in US DOD procurement, but it is an acceptable accounting term), provides the easiest framework for software development cost accounting. So Now What About Agile Development Processes.

Software 38

Software 2006 Software Developers Software Development 38

Teamweek

DECEMBER 6, 2023

Live reports: Get real-time insights into how your projects are doing and how your team spends time. Project profitability: Calculate cost and bill rates, and view billed vs. estimated project costs. per user/month Zoho Projects 4.3 From $5.95 per user/month Teamwork 4.4 That depends on your specific needs.

2023 52

2023 Software Estimate Budget 52

Rebel’s Guide to PM

MARCH 22, 2021

To utilize project resources effectively and ensure that they meet their anticipated performance goals, project managers play the role of both people manager and functional manager. Project resource management techniques address how resources need to be managed while working in different project situations. Facilities.

Construction 352

Construction Estimate Technical Review Software Review 352

Workzone

MAY 24, 2019

The assumption that this project will be simpler than the previous ones. The key to a more realistic schedule is to rely on analysis and data. If you’re using project management software, and you’ve completed similar projects in the past, you can easily use these as the basis for realistic estimates.

Underperforming Technical Team 36

Underperforming Technical Team Software Review Estimate Risk Management 36

Workzone

APRIL 5, 2022

This guide will walk you through the research and selection process, focusing your search around what we call the three Ps: Platform: You can’t escape this step! Today’s project management offerings start at basic task management up to fully-featured enterprise software. Does the software you’re using meet your unique processes?

Software Review 49

Software Review Software Underperforming Technical Team Budget 49

Epicflow Blog

MARCH 22, 2024

This article is inspired by the webinar featuring Epicflow co-founder Jan Willem Tromp and professor Mario Vanhoucke based on his latest book “The Illusion of Control: Project Data, Computer Algorithms and Human Intuition for Project Management and Control”. So, what do you need for an efficient risk analysis?

Risk Management 52

Risk Management Controlling Risk Aerospace 52

nTask

APRIL 13, 2021

There are three terms associated with EVM and in order to fully understand this project management approach you need to be aware of all three. These three terms are: earned value management , earned value management systems , and earned value analysis. EVA measures project performance by predicting likely project results.

2021 78

2021 Software Review Budget Project Cost 78