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Time is Money: The Importance of Earned Value Management

MPUG

It compares costs and schedules to a baseline to determine if the project is on track. Let’s define such using PMI as our guide: Earned value (EV) is the measure of work performed, expressed in terms of the budget authorized for that work. To understand truly that ‘time is money,’ you need to use EVM in your projects.

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Review Agile Governance and Audit

Henny Portman

The author follows a project life cycle from idea towards a usable product including governance and control. Based on an audit objective related to the position in the life cycle, you get the main risks to consider, the audit approach including a set of questions and a conclusion. A case study is included.

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How to Solve the 5 Top Challenges of Manufacturing Projects

LiquidPlanner

If a project needs to be fast-tracked it’s imperative that the path of escalation is clear and that the project has an effective steering committee and decision-making forum. Research by PMI shows that senior level buy-in is one of the most significant factors for success on projects. READ THE CASE STUDY.

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Risk Management Resources

Herding Cats

A Simulation-Based Risk Network Model for Decision Support in Project Risk Management,” Chao Fang and Franck Marle, Decision Support Systems , Elsevier, 2011. Overcoming Barriers in Assessing Risk Probabilities,” Tom Kendrick , 2012 PMI Global Congress Proceedings , 2012. 1, March 2014. What are the Chances? 11, March 2012. “An

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A Compendium of Risk Management Resources

Herding Cats

A Simulation-Based Risk Network Model for Decision Support in Project Risk Management,” Chao Fang and Franck Marle, Decision Support Systems , Elsevier, 2011. Overcoming Barriers in Assessing Risk Probabilities,” Tom Kendrick , 2012 PMI Global Congress Proceedings , 2012. 1, March 2014. What are the Chances? 11, March 2012. “An

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How Stakeholder Interaction and Engagement Impacts Project Complexity

International Institute for Learning

complexity dimensions) that impact projects, included literature review, survey, case studies analysis, and detailed interviews. Some practical recommendations are listed below: – Communicate with the stakeholders to determine their expectations for the project. Let’s start by the definition of stakeholder.

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14 qualities of a project manager (+ practical interview tips)

Resource Guru

Project professionals rated these as the most important traits of a project manager in 2023: Communication Problem-solving Collaborative leadership Strategic thinking Power skills, as PMI defines them, are the “abilities and behaviors that facilitate working with others and help project professionals to succeed in the workplace.” (In