Mon.Nov 01, 2021

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Project Risk Management: From Principles to Methods

Project Risk Coach

The Project Management Institute (PMI) recently published the Project Management Body of Knowledge Guide (PMBOK®), Seventh Edition which is radically different from previous editions. In this article, let’s see how the PMBOK® Guide, Seventh and Sixth Editions differ, explore the Risk Principle in the Seventh Edition, and look at how risk management methods relate to principles.

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Managing Multiple Projects: The Research

Rebel’s Guide to PM

What are the key skills for working on multiple projects simultaneously? What tools do you use to prioritize your work? How do you get through the day when you’re juggling All. The. Things? I posed these questions (and more) to our community and the insights were illuminating. And unfortunately, not in a good way. In this article, we’ll dive into the statistics and you’ll learn: The top challenges facing people managing several projects at once The key skills required for managing multiple proje

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Maximizing Utilization, Ignoring Slack Time — Making Your Scrum Work #22

Scrum.org

TL; DR: Maximizing Utilization as a Relic from the Industrial Management Past. There are plenty of failure possibilities with Scrum. Since Scrum is an intentionally incomplete framework with a reasonable yet short “manual,” this effect should not surprise anyone. For example, what if the focus of the organization is on the maximizing utilization of the “workers” of the Scrum teams?

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If it’s Not an Unambiguous Yes… [How to Avoid Disappointment] | Video

Online PM Courses

A simple thought from me today. It's something I often tell people in live training. If it's not an unambiguous yes. Treat it as a 'no'. The post If it’s Not an Unambiguous Yes… [How to Avoid Disappointment] | Video appeared first on OnlinePMCourses.

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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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Gantt Chart vs. WBS: Choosing From Two Reliable Ways to Plan Your Project

GanttPRO Project Management

The world of project management contains many powerful tools, including various graphical diagrams and visual hierarchical structures. “Gantt chart vs. WBS” is an important topic that should not be ignored, […]. The post Gantt Chart vs. WBS: Choosing From Two Reliable Ways to Plan Your Project first appeared on GanttPRO.

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Ansoff Matrix Model: Explanation, Advantages, and Disadvantages

The Strategic Project Manager

The Ansoff Matrix Model is a useful tool for visualizing strategic options for product companies. It can be useful for devising strategy, presenting to stakeholders, and for collaborating about direction. It can help project managers with planning execution, and especially with assessing strategic risks. Ansoff Matrix Model Explanation. The Ansoff Matrix Model, developed by mathematician and business manager H.

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What First Principles Are We Applying In Organizational Redesign?

Leading Agile

In this panel discussion from the Elevate Agile 2021 conference. LeadingAgile CEO Mike Cottmeyer sits down with CIO Brian Sondergaard, Chief Methodologist Dennis Stevens, and COO Chris Beale to explore the first principles and emerging strategies we are applying as we get into the realm of organizational redesign, including: Teams, Backlogs, Working, Tested Product.

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Gantt Chart vs. WBS: Choosing From Two Reliable Ways to Plan Your Project

GanttPRO Project Management

The world of project management contains many powerful tools, including various graphical diagrams and visual hierarchical structures. “Gantt chart vs. WBS” is an important topic that should not be ignored, […]. The post Gantt Chart vs. WBS: Choosing From Two Reliable Ways to Plan Your Project first appeared on GanttPRO.

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What are Tasks in Function Point?

Function Point

In your Function Point agency software, tasks are your calls to action. They’re a great way to give team members things to work on, or a selected group of team members a collaborative item to work on together. Tasks can be organized within a Schedule, be stand-alone to-do items on a Job, or act as a personal to-do list. Job-related tasks are time-trackable and can be associated up to your service buckets to be billed out accordingly.

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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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Project Portfolio Management & The Theory of Constraints

Project Management Essentials

Large enterprises struggle to manage their project portfolios effectively. They fall prey to the fallacy of optimizing resource allocation. Or simply stated, they focus on making sure everyone is busy rather than getting things done. Team members are allocated at least 100% to project work, if not more. As a result, people are working on multiple projects—more than they can realistically juggle.

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The Ultimate Guide to Parametric Estimating in Project Management

Wrike

Project estimation is the backbone of proper project planning and execution. Using the right project estimation techniques helps managers predict the time, cost, and resources needed to complete a project. Although there are several project estimation techniques, a parametric approach is an excellent solution for managers who value accuracy. Parametric estimating in project management is a technique used to calculate the expected amount of financial resources or time required to complete a proje

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Calling All PMs! What are you using with Microsoft Project to round out your Project Management Toolbox?

MPUG

Create your own user feedback survey. The post Calling All PMs! What are you using with Microsoft Project to round out your Project Management Toolbox? appeared first on MPUG.

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How Leaders can support and leverage the Scrum Artifacts

Scrum.org

. Scrum Artifacts. In our final entry in the Scrum Guide companion for Leaders series (see parts 1 , 2 , 3 , 4 ) we turn to the Scrum Artifacts. Scrum’s artifacts represent work or value. They are designed to maximize the transparency of key information. Thus, everyone inspecting them has the same basis for adaptation. Each artifact contains a commitment to ensure it provides information that enhances transparency and focus against which progress can be measured: For the Product Backlog, it is

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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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Agile Working And Facility Management: Challenges And Opportunities

Proofhub

Image source ( Helena Lopes on Unsplash ) Coordinating the traditional workplace setting used to be relatively straightforward for facility managers?—?not simple, but straightforward. Before the COVID-19 pandemic hit, a facility manager’s (FM) work strategy would typically look something like this: Have a fixed number of staff in the building at any time.

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