Project Pulse Journal

NOVEMBER 24, 2023

By: Dr. Michael Shick, MSPM, PMP, CSM Are you a project manager struggling to predict the risks in your projects accurately during planning? Do you find yourself overcome by the inherent uncertainty of project variables like cost or schedule and worried about how they might impact your project's success?

Risk Management 52

Risk Management Risk Engineering Estimate 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. All the things you need to know and do for successful risk management, for example, are bundled under the Risk Management Knowledge Area.

PMI 205

PMI Risk Management Risk Technical Review 205

Rebel’s Guide to PM

SEPTEMBER 3, 2021

Your new project was approved for funding. You wouldn’t believe the number of project managers I speak to on mentoring calls who struggle to get their budget approved. You can’t do much on a project without some funding behind you. What is project contingency? Why risk matters. That in itself is a huge step.

Technical Review 297

Technical Review Software Review Estimate Risk Management 297

Rebel’s Guide to PM

APRIL 24, 2023

Projects and operations are both necessary for businesses to succeed, but they require different approaches. When it comes to managing them effectively, understanding the differences between projects and operations is key. Projects change the business. The status quo is good but project managers keep changing things!

Retail 407

Retail Governance Government Healthcare 407

nTask

MARCH 30, 2022

According to a report generated by PMI , 14% of the IT projects surveyed and started by companies in the organizational paradigm are deemed failures. If you are in a similar conundrum, then this article is for you. What is Project Cost Management? Importance of Project Cost Management.

2022 88

2022 Project Cost Construction Budget 88

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. Here are a few categories of common assumptions and how they may impact your projects. Currency fluctuation can impact the project budget and margin. Common assumptions.

Technical Review 318

Technical Review Software Review Risk Management Risk 318

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. Below the example, you’ll find all the required information and resources to create your Risk Management Plan quickly and for free.

Risk Management 105

Risk Management Risk Planning Technical Review 105

Project Bliss

JANUARY 30, 2022

Many organizations don’t fully understand the benefits of project management. This article was originally published on September 30, 2016, and has been updated. Can you easily explain the value you provide to an organization as a project manager? You don’t make sales, write code, or provide customer service.

Software Review 296

Software Review Technical Review Risk Management Budget 296

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 73

Project Cost Prince2 Budget Governance 73

Teamweek

AUGUST 1, 2022

The project is spiraling out of control, scope creep is closing in, and you’re losing sleep because of all the stress. Unfortunately, this scenario is all too common for project managers. . Project cost estimation can be challenging, especially when the project is complicated and has many moving parts.

Estimate 52

Estimate Project Cost Web Development Software Review 52

nTask

DECEMBER 8, 2020

Resource Planning in project management has been gaining traction for a while now. These qualifications have evolved due to the challenges that are faced by the companies in the project management paradigm – and that too on daily basis. What is Resource Planning in Project Management?

Underperforming Technical Team 158

Underperforming Technical Team Planning Development Team Review Software Review 158

The IIL Blog

OCTOBER 17, 2023

So, picture this: you are transitioning from your current position into a project management career. The industry didn’t matter; it was about translating my work experience into specific project management industry-recognized terms and managing projects.

Development Team Review 148

Development Team Review Project Life Cycle Underperforming Technical Team Estimate 148

Wrike

OCTOBER 4, 2023

Accurate construction cost estimates are crucial for successful project planning and execution. A well-developed budget lays a solid foundation for managing costs and ensures that projects are completed within financial constraints. Contingency funds: Account for unforeseen circumstances and potential risks.

Construction 36

Construction Estimate Budget Technical Review 36

Resource Guru

JANUARY 17, 2023

We might think that “oh, I don’t need a project scope, I’ve done thousands of projects like this!”. As project managers, defining and planning projects is what we do. That means everything starts with creating a project scope. What is scope in project management? Manage project cost.

Defining 98

Defining Technical Review Software Review Project Life Cycle 98

Herding Cats

MAY 10, 2019

Risk Management is essential for development and production programs. Information about key project cost, (technical) performance, and schedule attributes is often uncertain or unknown until late in the program. Effective Risk Management 2 nd Edition , Edmund Conrow, AIAA, 2003. Risk Management Papers. “A

Risk Management 38

Risk Management Risk Technical Review 2002 38

Wrike

MARCH 23, 2023

In the world of enterprise financial services, project management has become a crucial part of any successful organization’s strategy. By implementing project management software, financial services professionals can streamline their processes, enhance collaboration, and improve efficiency.

Software Review 36

Software Review Software Sustainability Risk Management 36

LiquidPlanner

MARCH 28, 2017

A seemingly simple question that can become a project management nightmare to manage. After all, you’re the project manager!) If you give a qualified answer, you risk being held to that original date despite the need to analyze requirements further, discuss with vendors and do proper project planning.

Software Review 60

Software Review Software Technical Review Estimate 60

LiquidPlanner

AUGUST 23, 2018

” As project managers, we’re driven by dates. Customers, senior managers and stakeholders all want to know how long it will take to complete a project. And as project management professionals, we’re also measured by our ability to predict the future and be right about our predictions—despite the many unknowns.

Software Review 158

Software Review Estimate Budget Defining 158

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. This learning may require adapting, and change orders are the mechanism to manage those changes. Project managers must have a change management process to assess and evaluate potential changes.

Development Team Review 52

Development Team Review Software Review Risk Management Budget 52

MPUG

MAY 15, 2023

I was chatting recently with a couple of project managers developing vehicle products. The discussion turned toward supplier management, and I asked them how much travel is involved in their work, especially regarding supplier interactions. Managing procurement on projects comes in three main parts.

Technical Review 52

Technical Review Underperforming Technical Team Software Review Risk Management 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. Advances in software development. The project management landscape will change significantly. Growth in predictive analytics.

Artificial Inteligence 96

Artificial Inteligence Technical Review 2022 2020 96

Herding Cats

MAY 11, 2019

This blog page is dedicated to the resources used to manage the risk encountered on software-intensive systems using traditional and agile development methods. Let's start with a critical understanding of the purpose of managing risk on software development projects. reducible and irreducible ?

Risk Management 35

Risk Management Risk Technical Review 2002 35

PM Basics

FEBRUARY 19, 2020

Projeudget Template includes planned expenses for all project activities, including wages, materials, fees, risk reserves, etc. Project Budget is created based on Activities List. A Mindset That Helps Creating an Accurate Project Budget. We’ll review the project budget example in just a minute.

Budget 82

Budget Software Review Estimate Risk Management 82

Wrike

MAY 25, 2023

Managing construction projects can be intimidating. That’s where construction project management comes into play. It’s a critical aspect of the construction industry, as it ensures that projects are completed on time, within budget, and meet the required specifications.

Construction 36

Construction Software Review Risk Management Estimate 36

Teamweek

DECEMBER 22, 2023

Parametric estimation is a crucial estimation technique in project management. Things you’ll learn about parametric estimations in this article: Pros and cons Use cases Real-life examples How to do parametric estimating How Toggl Track can help you create accurate estimates And more! What is parametric estimating?

Estimate 52

Estimate Software Review Project Cost Risk Management 52

Rebel’s Guide to PM

MARCH 22, 2021

Resources are the largest contributor to successful project delivery , and project managers spend significant time planning and managing their activities. Both resource and project managers work in tandem to develop resourcing strategies for projects. What is project resource management?

Construction 352

Construction Estimate Technical Review Software Review 352

Wrike

OCTOBER 26, 2020

These questions, and ultimately the fate of the project, can be determined through a feasibility study. Naturally, the feasibility study will break down and analyze the financial costs and risks involved with the project. So, what is a feasibility study ? Financial assessment. Reassessment .

Technical Review 95

Technical Review Software Review Executing Energy 95

Wrike

AUGUST 25, 2023

In today’s fast-paced business world, the ability to effectively coordinate projects is crucial to delivering timely results. Project coordination involves bringing together various aspects of a project, from planning and organizing to managing teams and resources. Here are a few of them.

Software Review 36

Software Review Underperforming Technical Team Risk Management Monitoring 36

nTask

JANUARY 4, 2021

Unnatural termination refers to when an organization that has backed the project or where the project is commencing chooses that they are no longer willing to invest resources, time, and cost that is needed to complete the project. Reasons Why Aborting Your Project May Become Necessary. Lack of management support.

Technical Review 148

Technical Review Risk Management Risk Software Review 148

International Institute for Learning

APRIL 5, 2023

The world-wide project management community of practices is slowly recognizing how AI will be able to improve the practice of project management. Some of the risks facing project management organizations are presented in the sections that follow. However, there can still exist employee misuse.

Artificial Inteligence 59

Artificial Inteligence Underperforming Technical Team Technical Review PMO 59

Workzone

APRIL 5, 2022

Choosing project management software has become a monumental project by itself. The number of project management software solutions available has exploded in recent years. Finding a project management software isn’t hard. Does the software you’re using meet your unique processes?

Software Review 49

Software Review Software Underperforming Technical Team Budget 49

Herding Cats

MAY 7, 2019

This blog page is dedicated to the resources used to estimate software-intensive systems using traditional and agile development methods. Cost Modeling Agile Software Development,” Maarit Laanti and Petri Kettunen, International Transactions on Systems and Applications, Volume 1 Number 2, pp. Performance Evaluation of non?Markovian

Estimate 40

Estimate Software Review Software 2012 40

MPUG

APRIL 2, 2024

Project Management is a systematic and organized approach to planning, coordinating, and overseeing the work of a team to achieve a specific goal. It involves defining the project scope and objectives, creating a detailed plan, and identifying the resources and schedule required to complete the project.

Certification 52

Certification PMI Logistics Construction 52

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. What is top-down estimating?

Estimate 52

Estimate Budget Influencer Initiating 52

nTask

APRIL 13, 2021

As a project manager, one thing you want to ensure is that your project runs on schedule and within budget. Straying off course is often disastrous for projects not only because of the project delays and added costs but also due to the risk of a complete project failure.

2021 78

2021 Software Review Budget Project Cost 78

ProProfs Project Management

MAY 16, 2019

When we talk specifically about IT project management, app development companies or DevOps teams are responsible for managing various software development projects. 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

Wrike

SEPTEMBER 23, 2023

In the realm of project management, there are various costs involved that extend beyond the obvious expenses typically associated with a project. These hidden costs, known as soft costs, can significantly impact the overall budget and success of a project.

Technical Review 36

Technical Review Budget Risk Management Monitoring 36