article thumbnail

8 Factors That Greatly Influence Employee Retention

Proofhub

For several reasons, higher base pay significantly influences employee retention. Overall, this suggests that employee retention is influenced not just by where individuals work but also by who they work with. It also happens when they feel a lack of control or when they are subjected to excessive daily stress.

article thumbnail

3 Things that stop you making the right decision

Rebel’s Guide to PM

Three biases that impact a project manager’s decision making are: Regret Regression to mean Illusion of control. Illusion of Control Like regression to the mean, illusion of control is a current bias affecting the project in real time. When reflecting on the outcomes, you may see how little control you have on the project.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Risk Management and AI Algorithms: Be in Control of Your Projects

The IIL Blog

There are several ways in which AI is likely to influence project risk management. Disclaimer: The ideas, views, and opinions expressed in this article are those of the author and do not necessarily reflect the views of International Institute for Learning or any entities they represent.

article thumbnail

Control partners should have skin in the game!

Kiron Bondale

I finally completed reading Nassim Taleb ‘s book Skin in the Game which I had written about in a recent article. But as the size of the organization increases and stakes get higher, control partners emerge to influence not only what but how production occurs.

article thumbnail

Why you need to engage stakeholders (and how to do it well)

Rebel’s Guide to PM

We define it like this: The systematic identification, analysis, planning and implementation of actions designed to influence stakeholders. Where stakeholders feel negatively about projects and changes, engagement helps understand their position and influence their perception. Beyond the interest and influence grid.

article thumbnail

Project Management Apprenticeships: A UK Guide

Rebel’s Guide to PM

The formulation of business cases, risk and problem management, cost control, project scope, budgeting, and schedule management are among the fundamental skills that your apprentices will master in this environment.” Level 3: Project Controls Technician There is also a Level 3 qualification. So that’s a ballpark.

article thumbnail

Organizational Process Assets: What does that even mean?

Rebel’s Guide to PM

They might be influenced by market conditions (risk appetite statements might change, for example, if the market suddenly gets a lot more competitive). They serve the same purpose – to influence the context and environment for the project – except they are external influences instead of internal influences.

Process 415