article thumbnail

How to manage project tolerances (with PRINCE2® 7 guide)

Rebel’s Guide to PM

The 7 tolerances in PRINCE2® The two most frequently used tolerances are budget and time, although PRINCE2® offers you a choice of seven tolerances: time, cost, scope, risk, quality, sustainability and benefits. For example, let’s say the financial value of all the project risks should not exceed 5% of the project budget.

Prince2 323
article thumbnail

15 Non-Academic Project Management Books to Earn PDUs

Rebel’s Guide to PM

In this article, I’m saving you some time by highlighting 15 of my recommended books for PDUs, but first, let’s cover off some details about using reading. Identifying and Managing Project Risk (4 th Ed) Author: Tom Kendrick. Identifying and Managing Project Risk is a big read at over 300 pages. PDU claim: 8 hours.

PMI 341
Insiders

Sign Up for our Newsletter

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

article thumbnail

Is the triple constraint in project management still relevant? (Spoiler: No!)

Rebel’s Guide to PM

Factors such as risks , resources (human and otherwise), expectations or even R&D or technology issues for ground-breaking tech projects can be considered as constraints. The 6 project constraints are time, cost, scope (as per the triangle) and then quality, risk and resources. Going live with innovative new solutions?

article thumbnail

Why Should We Care About Product Backlog Refinement?

Scrum.org

This article was first published in the AskScrum.com newsletter. Subscribe to AskScrum.com to be the first to receive articles like this. Reduces Risks: By breaking down Product Backlog items and discussing them in detail, potential risks and blockers are identified early. © 2024 wowefy.com

2024 174
article thumbnail

10 Top Process Improvement Tools You Need to Create a More Sustainable Business

nTask

A study by BCG/MIT finds that 90% of executives deem sustainability to be important, yet only 60% of companies incorporate sustainability as part of their business strategy, and even less (25%) integrate sustainability into the core of their business model. Implement effective process improvement techniques for sustainability.

article thumbnail

Who does what in Project Initiation in PRINCE2®

Rebel’s Guide to PM

You’re trying to get clarity on: The reasons for doing the project The benefits of doing the project Any risks that you can foresee now The scope and deliverables The costs and timelines Who should be involved and who should make decisions What quality looks like and how it will be achieved. So how do you actually make all this happen?

Prince2 332
article thumbnail

How to Recover A Troubled Program

Rebel’s Guide to PM

Technical failure: this creates a program integration risk as what you are building might not sit in the organization’s architecture any longer. You need to sustain progress while planning recovery. Sustained control is necessary to prove that something has been turned around.