Tue.Apr 04, 2023

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How to Maximize Your Agency Profit Margins

Teamweek

Are you tired of constantly struggling to increase your agency’s profit margins? It’s a common problem faced by many agency owners, but the good news is that there are proven strategies you can implement to help you scale. In this guide, you’ll discover the critical steps to achieve your financial goals and become a successful and profitable agency.

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What Is a Bill of Quantities? (Example & Template Included)

ProjectManager.com

A bill of quantities is an important document in construction project management. Making any building or structure involves many things, but few are as important as materials and labor. Without these two elements, there’s little use for a plan and schedule. Some even say that all construction projects begin with a bill of quantities. We’ll explain what a bill of quantities is, why it’s so important to construction project management and detail what should go into one.

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Mitosis and Express Kickoff

Scrum.org

In this article I share the case of mitosis – splitting a large team of 19 people into two independent feature teams working from a single Product Backlog. After the division, I helped the teams create a common identity and agree on norms of conduct. This case is just an episode of Agile transformation in a business unit of several hundred people. Context We are in the process of Agile business unit transformation, with 15 teams and dedicated functions (marketing, magazine, CRM) creating a produ

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Feature Tip #12: Stay on Budget with Work Limits

LiquidPlanner

LiquidPlanner’s scheduling engine helps you account for uncertainty through ranged estimation and real-time forecasts. So, if a project takes longer than expected, it won’t catch you off-guard. But what if you need to set a cap on the number of hours spent on a task or project that can’t be exceeded? In LiquidPlanner, you can use Work Limits to stay on budget and surface Planning Intelligence insights about time your team has logged on a certain project or contract.

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Understand Digital Debt, Form a Team, Set Goals, and Plan Roadmap for Transformation

Understanding digital debt is crucial before digital transformation. Assemble a team to assess internal operations, market pressures, and digital debt's impact. Define future digital vision with measurable goals. Refine hypotheses and conduct market analysis. Develop a roadmap for transformation with defined projects, cost estimates, and governance.

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Maximizing Scrum with the Scrum Values

Scrum.org

Because Scrum doesn’t promote a rigid set of steps or practices, it’s well-suited to developing products in complex, unpredictable environments. Teams are free to self-manage and find ways to work together that best serve them (and the product). Scrum is anchored in cultivating an agile mindset, which can feel a little “free-floating” to new practitioners.

SCRUM 192

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Scrum For Startups: Finding the Sweet Spot

Scrum.org

In the Winter of 2016 - 2017, I changed jobs. I had been working as an Agile Coach at a 60-person technology start up here in Toronto, Canada and after helping them to stabilize their value delivery process, I wanted to get some experience as a Coach within larger companies. And so I took a Coaching job at the largest bank in the country. I went from being the only Agile Coach at a 60 person company, to being on a team of coaches at an 80,000 person company.

SCRUM 188
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Humanizing Work – the Next Frontier!

NimbleWork

The last 2 decades have seen significant improvements in software engineering. The adoption of Lean-Agile thinking and modern Engineering & DevOps practices has made rapid delivery with high quality possible. Yet, our workforce is largely as disengaged as ever. The emergence of moonlighting, quiet resignation, etc., established that people have very little attachment to the team or to the impact they hope to make.

Lean 84
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How can an organization develop its Agile capabilities?

Scrum.org

In my previous blog Are you familiar with Agile Organization Design? , I introduced the Star Model. In this post, I build on that to show aligned and unaligned organization design. Developing Agile capabilities requires unlearning ineffective practices and adopting new ones. Over time, these new practices replace old habits and become ingrained in the organization’s culture.

Agile 182
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When complacency creeps in—A story by Holly Davis

Resource Guru

Last week , Operations Director at DDB Sydney, Steph Dix, shared her (all-too-familiar) story about work-life balance and how exactly her mantra, “happy people make for great work,” came to be. This week, Holly Davis, Principal Delivery Manager at Torchbox, talks about complacency, ownership, and project scope. You can read all the stories in our latest eBook, Confessions of a Project Manager.

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Strategic Project Finance Essentials: A Project Manager’s Guide to Financial Metrics

Speaker: Ketan Jahagirdar - Sopheon’s Director of Product Management

Empower yourself as a project manager with insights that directly influence the financial landscape and strategic direction of your organization! Join us for a deep dive into the world of financial strategy, as we dissect key metrics that drive CFOs and business leaders’ investment decisions. This session will equip you with the necessary tools to craft compelling business cases as well as a comprehensive understanding of the crucial distinction between capital expenditure and operational expend

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Vom Junior zum Experten: Wie du einen Mentor findest, der dich bei deiner Entwicklung als Scrum Master unterstützt

Scrum.org

Über die Jahre habe ich viele Mentoren gefunden. Wenn ich zurückblicke, dann sind diese Beziehungen das Geheimnis meiner Weiterentwicklung als Scrum Master und jetzt als Professional Scrum Trainer. Da ich in letzter Zeit häufig Fragen erhalte wie: „Ich bin der einzige Scrum Master im Unternehmen, wie finde ich Unterstützung?“, „Wo finde ich Scrum Master, die ich mir zum Vorbild nehmen kann?

SCRUM 181
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How to Speed Up Test Runs in a Multi-Module Maven Project

Wrike

Having a large number of Maven modules can slow down project builds and test run times. To maintain a multi-module project structure and run tests quickly, we developed a new tool — Maven Modules Merger — which helped reduce the time of some builds from 50 minutes down to just 12. In this article, I’ll go into detail about which problems Maven Modules Merger has helped us with and also share some details about its creation.

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Psychological Safety: The Key to Team Success

Scrum.org

What is Psychological Safety? Psychological safety is the belief that you will not be punished or humiliated for speaking up with ideas, questions, concerns, or mistakes. It is about creating a comfortable work culture to share your ideas, express your thoughts, and have constructive conversations. Psychological safety is a term coined by Harvard Business School professor Amy Edmondson in 1999.

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Project Managers Vs. Program Managers: The Big Difference

The Digital Project Manager

At a quick glance, it’s easy to think that project managers and program managers are one and the same. After all, what separates them is just a few key letters, right? As any project or program manager would tell you, the difference is actually quite significant. What does a person in each role do? What […] The post Project Managers Vs. Program Managers: The Big Difference appeared first on The Digital Project Manager.

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Acclaim Projects Helps Deliver Innovation Projects on Time and on Budget

This large intercity transportation company for people and freight employs 100+ IT employees and contractors across North America and Europe and spends $10MM annually for approximately 50 inflight projects. The company needed the right financial tools to budget for innovation initiatives and real-time information on spending and forecasting. This transportation company turned to Acclaim Projects by Sopheon to help deliver projects on time and within budget.

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Minimize your maximum cost

Musings on Project Management

Full disclosure: I wrote this posting myself, but I did ask ChatGPT for some ideas to include. It's always a PMO objective to minimize cost if scope and quality and schedule are constant. But they never are. So, those parameters are usually intertwined and mutually dependent variables along with cost.

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Intro to Scrum (15 of 16): What is the Sprint Backlog and Sprint Goal?

Scrum.org

Who is responsible for making and maintaining the Sprint Backlog? Who creates the Sprint Goal? Is it necessary to have a Sprint Goal in every Sprint, and is it possible to have multiple Sprint Goals? I will explain, following the Scrum Guide definition, the concept of Sprint Backlog and Sprint Goal and their significance for a Scrum Team. In a hurry?

SCRUM 173
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On Managing Expectations of Methodologies & Frameworks

Leading Agile

The Scaled Agile Framework wasn’t exactly what the authors of the Agile Manifesto imagined 20 years ago when they set out to define a better way of building software. But that doesn’t mean you can’t achieve greater Business Agility with SAFe. You just might not get the results you think you will get. And that’s the problem with SAFe. It oversells what it is in the market.

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What is throughput in Kanban and how do you measure it?

Scrum.org

*In this article references to "workitems" shall be construed as "product backlog items". What is throughput? The number of product backlog items that the Kanban system members deliver to the end of the workflow, to the finish point of the workflow every time period. Example: If your time period is in a day, you’d have a throughput per day. If it’s a week, throughput per week, throughput per spring, throughput per month, per quarter, per semester, and so on.

SCRUM 148
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20 Common Mistakes Made by Inexperienced Project Managers

You’ve read the PMBOK® Guide several times, taken the certification exam for project managers, passed, and you are now a PMP®. So why do you keep making rookie mistakes? This whitepaper shows 20 of the most common mistakes that young or inexperienced project managers make, issues that can cost significant time and money. It's a good starting point for understanding how and why many PMs get themsleves into trouble, and provides guidance on the types of issues that PMs need to understand.