article thumbnail

All knowledge areas are important but some are more important than others

Kiron Bondale

This is why Identify Stakeholders is one of only two processes in the Initiating Process Group. While we can get better at scheduling, budgeting or any other hard skills, there is much greater potential for long term learning by focusing on soft skills. I don’t worry too much about the project management profession.

article thumbnail

AI in Project Management: Is the Future Already Here?

Epicflow Blog

According to Gartner , by 2030, 80% of project managers’ tasks will be run by AI, powered by big data, machine learning (ML), and natural language processing. The role of artificial intelligence is especially essential in a changing multi-project environment with a shared resource pool. But is this really so?

Insiders

Sign Up for our Newsletter

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

article thumbnail

Organising Around Value Stream Increases Business Agility

The IIL Blog

The top management comes out with annual plans and allocates budget to different departments who would each have their own priorities and utilize the budget to run their programs, projects and operations. Who distributes the strategy budget to depts and how? This process is cumbersome, and much time is lost in this process.

Agile 147
article thumbnail

Dealing with Murphy’s Law in Project Management: How to Protect Your Projects from Failure

Epicflow Blog

These factors can result in project delays or falling beyond budget frames. According to The State of Project Management 2020 by Wellingtone, 71% of companies can’t deliver their projects on time, 57% can’t do that within the approved budget, and 60% don’t get full benefits of their projects. Project & Group Risk Buffer.

article thumbnail

6 Current Trends in Project Management [2024]: What to Prepare for?

Epicflow Blog

Diverse Applications of Artificial Intelligence The application of artificial intelligence (we also include here machine learning, automation, predictive analytics, and generative AI) is gaining momentum in the project management landscape, revolutionizing the ways projects are planned and managed.

2024 52
article thumbnail

Could a Scrum GPT Challenge Scrum Masters?

Scrum.org

While you do not provide direct access to your training material to third parties, you train the LLM with your data, information, and knowledge. Standish Group data reveals a startling 58% of Agile teams struggle with delays, budget issues, and dissatisfied customers. Introducing Scrum Sage by Jeff Sutherland ?-

ChatGPT 160
article thumbnail

Project Management Artifacts: Essential Tools to Enhance Project Management

Project Pulse Journal

Malinawan, PMP Choosing the appropriate tools and techniques to your advantage is essential for professionals working in the dynamic field of project management who must contend with issues like project budget constraints, tight deadlines, and constantly changing requirements. Process Groups: A Practice Guide. Domingues, L., &