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. Burndown Chart A tool in Agile project management that tracks the work completed and the work remaining to help teams manage progress.

Development Team Review 148

Development Team Review Project Life Cycle Underperforming Technical Team Estimate 148

ProjectManager.com

SEPTEMBER 16, 2020

Download The Free Project Budgeting Template: Why You Need a Project Budget Template. A project is made up of tasks that lead to the completion of a project or service. That process isn’t free. However, the project budget is also shared with stakeholders. Here are four that are relevant to project budgeting.

Budget 414

Budget Estimate Risk Management Monitoring 414

nTask

DECEMBER 8, 2020

So, if you have a team of qualified resource planners working for you, or if you are one yourself and you want to overcome the challenges that are related to resource planning, you need to have two elements embedded in your resource planning process. Choosing the Right Processes. What is Resource Planning in Project Management?

Underperforming Technical Team 158

Underperforming Technical Team Planning Development Team Review Software Review 158

Productivity Land

DECEMBER 28, 2023

In this article, we will explore key questions CEOs may have about making the hiring process in LATAM more efficient and strategic. This linguistic flexibility simplifies collaboration in global tech projects. This cost-efficiency is particularly attractive to CEOs looking to optimize their budgets.

Healthcare 78

Healthcare Defining Initiating Process 78

Teamweek

NOVEMBER 3, 2023

Top-down estimating is a form of estimation where existing knowledge of similar projects is used in the estimation process to produce a ballpark figure for the total cost. Like other methods to estimate a new project’s cost , top-down estimation has advantages and disadvantages. Who uses top-down estimating?

Estimate 52

Estimate Budget Influencer Initiating 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

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

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

MPUG

MARCH 30, 2020

Company A might not have a PMO, company B could have a PMO where the project managers (PMs) do not report to the PMO, and Company C could have a mature PMO where the PMs report to the PMO. This article is meant to give some guidance for starting a PMO and eventually growing into a Strategic PMO (SPMO). Assessing Your Current Condition.

PMO 111

PMO Technical Review Governance Government 111

Resource Guru

JANUARY 17, 2023

The importance of project scope The dangers of not following project scope best practices How to write a project scope: a checklist of what to include How to define project scope 7 project scope steps to get started Project scope example: Website redesign Your project scope will change (and that’s fine).

Defining 98

Defining Technical Review Software Review Project Life Cycle 98

The Strategic Project Manager

DECEMBER 5, 2023

Enabled by technology, and accelerated by the pandemic, our world continues to evolve with “ The Rise of the Meta City “, as depicted and described in this fascinating Harvard Business Review article. In our present age, we are breaking new ground trying to make things better.

Infrastructure 40

Infrastructure Technical Review Telecoms Influencer 40

Wrike

OCTOBER 4, 2023

These funds provide a buffer to cover unexpected expenses that may arise during the construction process, such as changes in design, delays, or unforeseen site conditions. The amount allocated to contingency funds varies depending on the complexity and scale of the project, as well as the level of uncertainty involved.

Construction 36

Construction Estimate Budget Technical Review 36

Wrike

SEPTEMBER 23, 2023

Soft costs in this context can include the implementation of project management software, collaboration platforms, and communication tools, as well as the time and effort spent on meetings, presentations, and discussions. This allows them to allocate the necessary funds and resources to address these costs effectively.

Technical Review 36

Technical Review Budget Risk Management Monitoring 36

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

MPUG

OCTOBER 28, 2019

Have you ever wondered about the history of project management, or how it evolved into its’ present day usage? This article will cover most of the major project management happenings throughout history. The core values of Agile are: Individuals and interactions over processes and tools.

PMI 81

PMI Certification 2003 Engineering 81

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. Both contribute to economies of scale, and scaling value creation introduces the value proposition of projects.

Governance 52

Governance Government Technical Review Sustainability 52

Teamweek

JULY 29, 2022

Only 43% of companies mostly or always accomplish projects within budget, and 27% of all projects go over budget. That’s due to many things–one of them being the inaccurate project cost estimations. Little consideration for details like both direct and indirect costs can really cost you.

Estimate 52

Estimate Software Review Risk Management Budget 52

MPUG

MAY 15, 2023

.” I was a bit surprised by this because, in my experience as a project manager, I would have significant supplier interactions from the beginning of the supplier selection process. Managing procurement on projects comes in three main parts. Early on, the project manager may not be included in some events.

Technical Review 52

Technical Review Underperforming Technical Team Software Review Risk Management 52

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

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. Buffers lead to waste.

Risk 37

Risk Estimate Risk Management Infrastructure 37

Velociteach

MARCH 4, 2024

I designed processes that were certainly not used as we had hoped. And I was sort of pulled into important people’s offices, and I was patted on the back and got a “Well done, Rasmus, and off you go to your next project.” Why Projects Fail to Deliver? That’s sort of covering all types of projects. Well, so far, so good.

Consulting 59

Consulting Initiating Process Estimate 59

Workamajig

AUGUST 6, 2019

Learn how to create a project budget in our new article. So much of your success as an agency depends on getting the project budget right. Underestimate it and you risk not having enough money to accomplish the project goal. Overestimate it and you risk losing the project altogether. Types of Project Costs.

Budget 60

Budget Estimate Underperforming Technical Team Risk Management 60

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

Herding Cats

NOVEMBER 27, 2016

Estimates can be about the past, present, or future. These forecasts usually come from models of the process being forecast. Not so typical to Forecast the cost of a project or forecast the delivery date. Forecasts are based on estimating the processes that produce the forecast. All projects contain uncertainty.

Estimate 36

Estimate 2015 2017 Governance 36

Herding Cats

JANUARY 20, 2018

Accounting rules ae always present, no matter the business size, it's status as a public or private firm. Let's start with that dreaded waterfall development process. Data conversion costs, except as noted in paragraph 350-40-25-3, shall be expensed as incurred. So Now What About Agile Development Processes.

Software 38

Software 2006 Software Developers Software Development 38

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. Does the funding include contingency?

Technical Review 297

Technical Review Software Review Estimate Risk Management 297

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

MPUG

JANUARY 27, 2022

Now I’d like to introduce our very excellent presenter and wonderful organizer of this event, Sam Bell. Once you’ve got your initial structure set up based upon all of the criteria we talked about in the last couple of sessions, you’re ready to level your plan, it is an iterative process. Sam Bell: All right.

Development Team Review 52

Development Team Review Planning Controlling Initiating 52

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

Rebel’s Guide to PM

SEPTEMBER 27, 2021

Understanding the key project assumptions is also helpful for documenting the project scope in a proposal or for a contract. Currency fluctuation can impact the project budget and margin. To mitigate this, you can assume a fixed currency conversion rate for the duration of the project. Impact on project planning.

Technical Review 318

Technical Review Software Review Risk Management Risk 318

Project Pulse Journal

NOVEMBER 24, 2023

This mathematical technique involves running numerous simulations, or 'trials,' each time randomizing variables within defined probabilities to model different scenarios of a project's potential risks and uncertainties. This is particularly useful in a process that cannot easily be predicted due to the intervention of random variables.

Risk Management 52

Risk Management Risk Engineering Estimate 52

Epicflow Blog

SEPTEMBER 1, 2022

Let’s figure it out in the article. . A Business Case in Project Management: Definition and Importance. According to the Project Management Body of Knowledge [1], a business case is a document that allows decision-makers to determine whether the project is worth the investment. Overview of a project .

Initiating 52

Initiating Technical Review Software Review Executing 52

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. A Risk Management Methodology for Project Risk Dependencies,” Tak Wah Kwan and Hareton K.N., Michael, International Journal of Project Management , 19, pp. 3, March 2002.

Risk Management 38

Risk Management Risk Technical Review 2002 38

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. Michael, International Journal of Project Management , 19, pp. 24, 2010.

Risk Management 35

Risk Management Risk Technical Review 2002 35

International Institute for Learning

FEBRUARY 15, 2023

Harold Kerzner Introduction Artificial Intelligence (AI) applications have become a major interest of the project management community of practice worldwide. Many companies have already begun implementing AI augmented applications into their processes, tools, techniques, and methodologies for project management.

Artificial Inteligence 59

Artificial Inteligence Prince2 Underperforming Technical Team 2030 59

EasyProjects

JULY 15, 2020

You’ve now spent four hours combining this information into a PowerPoint presentation for your executives. Now you restart your process all over again. This example, and other pain points reviewed in this article, are typical for professional services organizations that don’t have a centralized project management platform.

Software Review 52

Software Review Executing Software Estimate 52