Tue.Nov 22, 2022

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The Pros and Cons of Teamwork

Rebel’s Guide to PM

There are both advantages and disadvantages to working as part of a team. Advantages include being able to pool resources (both human and financial), having built-in support systems, and being able to hold each other accountable. Disadvantages of teamwork can include conflict between team members, difficulty in making decisions, and feelings of isolation from the rest of the company if you’re not working closely with others on a daily basis.

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How to Create an Event Budget

ProjectManager.com

Producing an event, whether virtual, in-person or hybrid, is hard enough. Having to make an event budget adds another layer of stress. But it doesn’t have to be a nightmare if you follow a few simple steps to creating an event budget. Successful events should be fun and informative. If you’re struggling with the event budget it can negatively impact the whole event.

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How to facilitate a self-organization session for your Scrum team

Scrum.org

According to the 2020 Scrum Guide, Scrum teams are “self-managing, meaning they internally decide who does what, when, and how.” Self-managing teams are able to more easily adapt to changing situations, which promotes Empiricism and enables the Scrum team to deliver increased value to the organization while solving complex business problems. . The most empowered Scrum teams in my experience not only decide who does what, when and how, they also control the structure and organization of the S

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5 Effective Strategies In Conflict Resolution At The Workplace

nTask

There’s no denying that conflict resolution at the workplace can be difficult. The rise of social media has made communication more difficult than ever before, and disputes have become more common. Unfortunately, it often goes hand in hand with stress and anxiety. When conflicts arise, it’s important to have a plan for resolving them swiftly […].

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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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The Growth of Value-Driven Project Management

International Institute for Learning

By Dr. Harold Kerzner. In 2009, IIL sponsored a global webinar entitled “Value-Driven Project Management”, where we discussed IIL’s predictions on what the future of project management might look like. Many of these topics are now included in the 7 th edition of PMI’s PMBOK® Guide, as well as in accompanying related documents. Over the years, there have been changes in project management practices, some quick and some slow.

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More Trending

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Why Scenario Planning is Oh-So-Important for Project Businesses

PM Times

The business world is characterized by constant change – particularly in project-oriented businesses – and if you don’t bend, you’ll break. Flexibility and responsiveness are key to success in an environment that’s hard to predict. But unpredictability doesn’t mean you SHOULDN’T plan ahead. It just means you need the agility to create, compare, and adjust […].

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10 Reasons Why You Should Use Project Task Management Tools?

nTask

Project management is an essential skill for any business. It helps you to stay on track, monitor progress, and make sure that the tasks you’ve assigned to your team are completed on time. But with so many project task management tools available on the market, which one should you choose? In this article, we will […].

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Unknowable-unknowns Vs. Unknown-unknowns in Risk Management with Emergent Risks and Novel Risks

Management Yogi

As I frequently interact with project and risk management practitioners, the below two questions on unknowable-unknowns and unknown-unknowns are very confusing for many. The existing literature doesn’t help as they are written with complicated language and/or complex explanations. The questions are:What are the differences between Unknowable-unknowns and Unknown-unknowns?

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The 9 Best Free Event Planning Apps for 2023

nTask

Planning an event can be a daunting task. From selecting the right venue to booking and catering, there’s a lot to take into account. That’s where event planning apps come in. These apps make it easy to manage all aspects of an event, from the initial planning stages through to the aftermath. They offer hassle-free […].

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

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 expendi

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Hub Planner & Monterro team up in a fantastic new partnership for resource management.

Hub Planner

We are delighted to announce the next part of the Hub Planner journey with some fantastic news. Hub Planner has partnered up with one of the biggest SaaS B2B backers in the Nordics, Monterro. After cementing our position as one of the top global SaaS companies in resource management over the past 10 years, we have helped scores of businesses globally with their capacity and availability planning.

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50 Common Product Management Terms you should know

nTask

If you're looking to become a better product manager, you'll need to be familiar with the terms and concepts that are central to the job. In this post, we've compiled a list of 50 common product management terms that you should be aware of. From customer discovery to product development sprints, this list will ensure […].

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Sustaining Agility Beyond Crises

International Institute for Learning

By Darrell Rigby, Sarah Elk, and Steve Berez. During the early stages of the Covid-19 pandemic, many executives were drawn to Agile management. Facing this crisis, necessity drove all levels of organizations to prioritize better, to focus more on the welfare of customers and employees and less on short-term profits; to solve problems more creatively, to try more testing and learning, to make decisions faster, to give teams greater autonomy, and to reduce the layers of approval.

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The Changing Landscape for Digital Transformation Projects

NimbleWork

Businesses, I believe, are being challenged in unprecedented ways to respond to market realities and demands. There is no play book available for some of the large changes that we are witnessing today both on the demand side as well as supply side. Newer technologies are constantly challenging the existing status quo and traditional industries are getting reimagined and disrupted.

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3 ‘Must-Dos’ for Addressing Digital Transformation Challenges

Digital transformation projects are crucial, with global spending projected to hit $3.4 trillion by 2026. However, they often fail at a rate of about 70%. To enhance success: Employee Buy-in: Acknowledge concerns and establish a change management team to communicate benefits transparently. Identify Processes and Tools: Form a digital transformation office to establish metrics, workstream lifecycles, data capture, and tool selection.

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What Is The Purpose Of Mind Mapping? & Best Software To Use

The Digital Project Manager

Do you ever feel like your brain is constantly full of thoughts? Maybe you have a lot of ideas, but it’s hard to keep track of them all. This is where mind mapping comes in! Mind mapping is a great way to organize your thoughts and develop new ideas. In this article, we’ll discuss the […]. The post What Is The Purpose Of Mind Mapping?

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Human Resource KPIs: 10 Main Indicators for HR Functions

nTask

In today's competitive workplace, it is essential for businesses to have effective human resources (HR) functions. This means that HR departments must be able to track and monitor employee performance data, identify and address potential problems early on, and create a supportive environment for employees. This means that HR departments must be able to track […].

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4 Ways to Create a Powerful Story That Connect People to Their Work

International Institute for Learning

By Mark Cruth. Leaders, it’s time to get storytelling! You know the importance of having a strong team—but did you know that only 13% of teams are actually healthy according to Atlassian’s latest State of Teams Report ? That’s because storytelling is often neglected in leadership. But storytelling isn’t just about spinning tall tales around the campfire—it’s about creating powerful stories that your team can relate to emotionally and authentically.

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Pareto Principle Examples, Twitter, & Strategic PM

The Strategic Project Manager

This post reviews the Pareto Principle – definition, examples, strategic implications, and application to project management. Then it probes how the principle may be at play in the immediate moves by Elon Musk after his takeover of Twitter. Review of Pareto Principle Definition. The Pareto Principle, or 80:20 rule, is a rather simple but profound concept.

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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.

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This is how Scrum improves your risk-taking process

Scrum.org

Photo by Sergey Nivens-Adobe Stock. ?Real-life risk-taking is different from theory. If someone flips a coin 99 times and gets tails each time, what’s their probability of getting heads on the 100th flip? In theory, it’s still 50%. Because it’s a random event¹, and the previous outcomes have no impact on the next one. However, if that were to happen in real life in front of your eyes, would you still think the odds are the same?

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Announcing the new Toggl Track Reports API, v3

Teamweek

We just published user-facing documentation for the latest version of the Toggl Track Reports API — v3. Say hello to better documentation and active support. What’s changed? We now have an overview and authentication page at h ttps://developers.track.toggl.com/docs/reports_start. Insights endpoints are now exposed, meaning that you can now create reports with data trends, project profitability and employee profitability from the API.

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