Rebel’s Guide to PM

FEBRUARY 12, 2024

Skill #2: Managing risks Risk management is a core skill for a project manager, and one that I would hesitate to ‘outsource’ to a team member. So much of risk management is tied up in being able to see the big picture, and as a project manager you are best placed to do that. Then schedule around people, not tasks.

Finance 313

Finance Risk Management Budget Risk 313

LiquidPlanner

MAY 24, 2022

If project management were an off-road 4×4 expedition, where teams had to plot a course through the unknown, cost and schedule contingency would be akin to the number of spare fuel cans you can carry successfully to complete the trip. Risk is not solved with a calculation. Are there unexpected risks now emerging?

Risk Management 158

Risk Management Risk 2003 2007 158

Rebel’s Guide to PM

APRIL 5, 2023

I completed the 6 courses in a week (what a week that was!). In this article, I’ll share my top tips for working out the answers to the graded quizzes, how to plan your time and how to get the certificate for the lowest possible cost (not free, but very cheap). However, you can audit these courses for free.

Certification 429

Certification Executing Risk Management Agile 429

Rebel’s Guide to PM

APRIL 2, 2023

Technical failure: this creates a program integration risk as what you are building might not sit in the organization’s architecture any longer. He warns that if you make large changes you push the project off course and it can take a while before you see what you have done. It takes time to determine the work remaining.

Underperforming Technical Team 400

Underperforming Technical Team Technical Review Sustainability Estimate 400

MPUG

JANUARY 8, 2024

The solution, of course, is estimating. There is a whole science to estimation, and it would be possible to go very deeply into this. But before we start, let’s tackle the Estimation Elephant in the Room…. The estimation techniques they use are a deliberate trade-off between speed and accuracy.

Estimate 52

Estimate Technical Review Risk Management Closing 52

Rebel’s Guide to PM

FEBRUARY 5, 2024

In this article we’ll look at how to segment costs, how to find out the cost of things, and then how to structure your budget. If you are planning a budget for a project proposal i.e. pitching to someone else for them to secure your services to deliver a piece of work, then read this article about preparing a budget for a proposal.

Budget 301

Budget Project Cost Estimate Finance 301

ProjectManager.com

MARCH 20, 2024

Many people work on them, from general contractors overseeing subcontractors to architects and, of course, the project owner. To help you once you break ground on your construction project, we’ll throw in some free construction project management templates on estimating, scheduling and budgeting. What Is a Preconstruction Meeting?

Construction 326

Construction Software Review Underperforming Technical Team Estimate 326

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

Teamweek

DECEMBER 22, 2023

Parametric estimation is a crucial estimation technique in project management. That’s because parametric estimations are highly accurate and take some guesswork from your estimation process. What is parametric estimating? The more granular the parameter, the more accurate the estimate.

Estimate 52

Estimate Software Review Project Cost Risk Management 52

Epicflow Blog

JUNE 10, 2022

Accordingly, they are more vulnerable to the consequences of risk-bearing events. When unmanaged, these risks can impact people’s safety and, to make matters worse, come down to considerable financial losses. . What are the most typical risks associated with aerospace engineering projects, and how to manage them effectively?

Aerospace 98

Aerospace Risk Management Engineering Risk 98

Kiron Bondale

FEBRUARY 18, 2018

Project managers need to be comfortable with different estimation techniques. Foundational project management courses will teach you about analogous, bottom-up, parametric and three-point estimating. Estimate the size or effort of that story or work package. But have you heard of RBS?

Estimate 136

Estimate Controlling Agile Risk Management 136

MPUG

OCTOBER 24, 2022

Many ‘Request for Proposal’ (RFP) documents require that a Schedule Risk Analysis (SRA) must be performed on the submission. Risk and Uncertainty. All too often, SRA is lumped into Risk Management. I prefer the term Risk and Uncertainty Management, because they are really two different disciplines. Introduction.

Risk 64

Risk Risk Management Estimate Budget 64

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. It’s about saying there might be a risk, so let’s examine whether there is a risk.”. They don’t just want to know where their risks lie but how they can fix them.”. Of course not – life moves on).

Artificial Inteligence 505

Artificial Inteligence 2030 Technical Review Underperforming Technical Team 505

PM Basics

SEPTEMBER 7, 2022

Here’s the most important thing you need to take from this article. Risk identification is not a rigid process that you follow step-by-step. Instead, good risk identification comes from communication and collaboration with all project stakeholders. Moreover, you need to educate others on how to use your risk management process.

Risk 109

Risk Software Review Underperforming Technical Team Risk Management 109

MPUG

JULY 8, 2019

That is why duration estimation is one of the most important aspects of project management. In most real life scenarios, clients and mangers are reasonable, giving us some freedom to determine duration estimates for doing our tasks, but this can create other problems. The Estimation Problem. Can there be “exact estimates”?

Estimate 99

Estimate Transportation Influencer Risk Management 99

ProjectManager.com

SEPTEMBER 16, 2020

A project budget contains the financial details of your project, including the estimates of all the money you need to layout to lead a successful project, from resources to materials. That means your estimates have to be accurate, or as much so as you can make them. Monitor project expenses with this Excel budget template.

Budget 414

Budget Estimate Risk Management Monitoring 414

Rebel’s Guide to PM

APRIL 12, 2022

In this article, we’ll dive into the statistics and you’ll learn: The top challenges facing people managing several projects at once The key skills required for managing multiple projects The top tools for prioritizing work day-to-day. What was initially estimated to take one quarter, ended taking 4.

Underperforming Technical Team 366

Underperforming Technical Team Software Review Risk Management Engineering 366

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

Inloox

MAY 30, 2022

Lack of risk management. The costs, initially estimated at 190 million euros, have now risen to 332 million euros and are expected to keep increasing. The bidding companies know that of course and calculate their offers as tightly as possible for a better chance of winning the contract. External influences.

Infrastructure 235

Infrastructure Construction Software Review 2014 235

Rebel’s Guide to PM

JANUARY 26, 2022

Technical failure: this creates a program integration risk as what you are building might not sit in the organization’s architecture any longer. He warns that if you make large changes you push the project off course and it can take a while before you see what you have done. . So what can you do?

Sustainability 195

Sustainability Controlling Executing Estimate 195

Rebel’s Guide to PM

FEBRUARY 20, 2022

It’s probably fairer and less controversial to say that it was ‘estimated’ rather than created totally randomly from scratch. But she was worried that other people were interpreting the estimate as definite fact. Later in this article is an example of an ethical scenario that Jeff Furman found himself in on a project.

Underperforming Technical Team 417

Underperforming Technical Team PMI Risk Management Estimate 417

Rebel’s Guide to PM

DECEMBER 17, 2022

In this article, I’ll give you some tips about how to be aware of the impact of culture on communication at work and how to create an environment that is inclusive. The more nationalities on your project team, the greater the risk of challenges. This article first appeared at Rebel's Guide to Project Management.

Influencer 461

Influencer Governance Government Consulting 461

Rebel’s Guide to PM

SEPTEMBER 14, 2021

This is a guest article by Brantlee Underhill, Managing Director, PMI, North America. By McKinsey & Company’s estimates, this equates to a potential of three months of learning loss in math and one-in-a-half months of learning loss in reading. Take the course. Power skills enhance a student’s ability to effect change.

PMI 397

PMI 2020 Executing Initiating 397

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. Of course, it does depend on who you get allocated as extra pairs of hands. If you are asking them to work more, are you at risk of burnout in the team? That shaves off time.

Software Review 340

Software Review Construction Risk Management Risk 340

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. The ‘formally authorized’ part is important because you can, of course, make changes to what’s in the scope statement at any point. Step #6: Decide the course of action: approve or reject the change request. What is scope creep?

Underperforming Technical Team 450

Underperforming Technical Team 2009 Controlling Risk Management 450

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. Therefore, a proper cost estimation is about finding a fine line in this complex process. What helps make cost estimation simple and efficient? How to estimate project cost .

Project Cost 52

Project Cost Estimate Process Budget 52

Herding Cats

JANUARY 9, 2017

Risk is everywhere on projects. This risk comes from two types of uncertainty. The idea of risk and its management and handling is a critical success factor for all software development. While it is futile to try and eliminate risk, and questionable to try and minimize it, it is essential that risk be taken be the right risks.

Estimate 28

Estimate Risk 2010 Software Engineering 28

Rebel’s Guide to PM

JANUARY 31, 2024

Make sure that you are thinking realistically about estimates and the likelihood of risk affecting your ability to deliver. For example, I did a conflict resolution course, or you might feel that people could benefit from facilitation training if there is going to be a lot of workshops to run on this project.

Software Review 325

Software Review Technical Review Budget Defining 325

Scrum.org

APRIL 30, 2021

estimating the work in size and value. This gives the Product Backlog a level of transparency that reduces the risk. The risk is exposed by not completing an item within a Sprint and thus giving away the opportunity to generate value for the organization. Estimating Product Backlog items. Estimating Product Backlog items.

Technical Review 222

Technical Review Estimate SCRUM Risk Management 222

Scrum.org

OCTOBER 5, 2021

Shall I notify you about articles like this one? The Fine Line Between Risk Mitigation and Falling Back into Covering Your Butt. Of course, the Developers only commit to achieving the Sprint Goal, not to a batch of specific work items.). The Prime Purpose of Refinement, Sizing, and Estimation. Related Posts.

Estimate 199

Estimate SCRUM 2022 Agile 199

Online PM Courses

APRIL 23, 2018

Risk analysis is both easy and hard at the same time. No project manager can get by without knowing how to analyze risk on your project. Risk is important, because it is baked into the nature of projects. Risk analysis is one part of the wider Risk Management process. Risk Management Process.

Risk 69

Risk Risk Management Estimate Technical Review 69

Rebel’s Guide to PM

NOVEMBER 21, 2022

Be agile , but make it work for you, without ever having to attend an Agile training course or employing a Scrum Master. The time sheet report gives you data by user, tag, month, item and by time estimated, spent, variances, and cost. When people aren’t experienced with any methodology there is a risk of them failing.

Software Review 386

Software Review Software Agile Estimate 386

Scrum.org

AUGUST 28, 2023

In this article, we will explore some complimentary practices which the Product Owner might use to as an input when deciding how to order the Product Backlog. The Product Owner may need to consider additional aspects such as technical dependencies or risk when they make their decisions about the content and ordering of the Product Backlog.

Technical Review 163

Technical Review SCRUM Estimate Initiating 163

Scrum.org

MAY 8, 2023

Shall I notify you about articles like this one? Product Backlog refinement : The Product Owner and Developers collaborate to refine, estimate, and order the Product Backlog items based on value, risk, and dependencies. So let’s have a look at some typical agile negotiation scenarios. ??

SCRUM 169

SCRUM Agile Technical Review Software Review 169

Rebel’s Guide to PM

NOVEMBER 1, 2021

In this article, we’ll dive into the statistics and you’ll learn: The top challenges facing people managing several projects at once The key skills required for managing multiple projects The top tools for prioritizing work day-to-day. What was initially estimated to take one quarter, ended taking 4.

Underperforming Technical Team 341

Underperforming Technical Team Software Review Risk Management Engineering 341

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. This section presents information on Data Gathering and Analysis Methods, Estimating Methods. Browse IIL’s Project Management Courses here! Meeting and Events, and Other.

2009 148

2009 PMI 2023 2018 148

MPUG

APRIL 29, 2020

Please find below a transcription of the audio portion of Oliver Gildersleeve’s Analogous and Parametric Estimating Schedule Template webinar being provided by MPUG for the convenience of our members. The new schedule template covers both analogous and parametric estimating features. Estimating, let me get back to slides.

Estimate 52

Estimate Software Review Risk Management Risk 52