Thu.Jan 27, 2022

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Hard Costs vs Soft Costs in Construction: Definitions & Examples

ProjectManager.com

It’s not easy for construction companies to make accurate budget forecasts. There are many variables to consider, from market to labor costs and always-fluctuating prices. But creating a detailed budget is key to successful construction project management. One way to control your project billing is by defining the hard costs vs soft costs on a construction project.

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What is a PDU (in Project Management)?

Rebel’s Guide to PM

If you Googled PDU and found a bunch of articles about electronics then you are finally in the right place! Here we’re talking about Professional Development Units. What’s a Professional Development Unit? Professional Development Units is a term for measuring time spent on professional education. In particular, it’s PMI’s ® method of talking about professional education.

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How the Scrum Values direct your behavior during the Daily Scrum - Back to the foundations of the Scrum framework (35)

Scrum.org

You should expect the use of Scrum to become more successful when the Team lives the Values of commitment, courage, focus, openness and respect. Then empiricism starts to work and trust is being built. . ?? The more people become proficient in living the Scrum values, the more successful the use of Scrum will be. . Let's have a look what living the Scrum Values can bring to the Daily Scrum.

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Susanne Madsen on Project Leadership [Interview]

Rebel’s Guide to PM

When I read Susanne Madsen’s book, The Power of Project Leadership. I was struck by how practical it was. Often we think that leadership is about character and attitude (read my take on the traits of good leaders here ) and forget that you can actually practice being a better leader by coaching yourself in the right behaviors. That’s what Susanne’s book basically does: it shows you how to ‘do’ leadership.

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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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How to Choose a Project Management Software in 2022

TrustRadius Project Management

Project management software is essential for helping your team collaborate. Before committing to a project management tool, however, you need to ensure that it has the right features and capabilities to suit your team’s needs. A startup working on several projects simultaneously will need software that can keep up with its rapid pace. A client-facing small business may prefer an all-in-one project management and CRM solution.

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Review The good mate

Henny Portman

The book The good mate – How understanding team relationships can make you happier and more productive , by James Johnson and Evan Sorensen, offers the tools and shows the needed skills for successful team relationships. The book combined two decades of research (Standish Group) on emotional intelligence behavior of project teams with 40 years of research on successful marriage and family dynamics.

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Book review: Turn The Ship Around

Rebel’s Guide to PM

Turn the Ship Around!: How to Create Leadership at Every Level is a leadership book by David Marquet. It’s the story of how he commanded a U.S. nuclear submarine and took it from one of the poor performers to one of the top performers in the fleet. Each chapter includes a story from below deck and also the leadership lesson that non-naval managers can take from this. “Leadership,” writes Stephen Covey in the Foreword, “is communicating to people their worth and potential so clearly that th

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Critical Path Modeling Using Microsoft Project: Lesson 3 – Leveling and Resolving Resource Conflicts Transcription

MPUG

Please find below a transcription of the audio portion of Sam Bell’s course, Critical Path Modeling Using Microsoft Project (Lesson 3: Leveling and Resolving Resource Conflicts), being provided by MPUG for the convenience of our members. You may wish to use this transcript for the purposes of self-paced learning, searching for specific information, and/or performing a quick review of webinar content.

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Finding Life Purpose: An Interview With Sofia Souiri

Appfluence

We spoke with coach and psychotherapist Sofia Souiri about her quest for finding purpose in life, and helping others do the same. Read on for an insightful conversation with lots of tips and recommendations, especially for those living with ADHD. Thank you so much for joining our interview series! Before we get started, we would love to “get to know you” a bit better.

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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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RICE Scoring & Framework Explained

Wrike

In this article, we’ll define the RICE model and what it stands for. We’ll also explain how RICE scores work, plus the benefits and challenges of using this framework. Keep reading to discover how to strategically apply this method to project management. What is the RICE model? RICE stands for reach, impact, confidence, and effort. The RICE framework is a project prioritization method used for quantifying the potential value of features, project ideas, and initiatives.

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What project managers need to know about resource utilization

Resource Guru

As a project manager, you’ve probably had the iron triangle of project management drilled into your brain: balancing the budget, scope, and schedule of projects to make projects as high-quality as possible. That may sound simple on paper, but in reality, resource management is one of the top three challenges facing project management offices (PMOs), according to Wellingtone’s 2021 State of Project Management Report.