Mon.Oct 03, 2022

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What is Risk Threshold in Project Management?

Project Risk Coach

In everyday life, a threshold is a strip of wood or stone that forms the bottom of a doorway. And we cross that threshold to enter a room. Projects have risk thresholds that we may cross. In this article, we will explore what a risk threshold is, why it matters, and look at some examples. What is Risk? The PMBOK® Guide, Seventh Edition defines risk as an uncertain event or condition that, if it occurs, has a positive or negative effect on one or more project objectives.

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Why Limiting Work in Progress Matters for Scrum

Scrum.org

The heart of Scrum is the Sprint, which is a time-boxed event during which the Scrum Team delivers a valuable increment at least once per calendar month. During the Sprint Planning event, Developers select which Product Backlog items (PBIs) they will deliver in the upcoming Sprint, create a plan for delivering them, and identify a Sprint Goal that provides a focus for the upcoming Sprint.

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Uncertainty Performance Domain: How to Deal with Risk in a VUCA Context

Online PM Courses

The Uncertainty Performance Domain tackles the VUCA Project Management context, and how to deal with the risks this environment creates. The post Uncertainty Performance Domain: How to Deal with Risk in a VUCA Context appeared first on OnlinePMCourses.

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Honey, I Shrunk the Backlog — Allan Kelly at the Hands-on Agile 44

Scrum.org

TL; DR: HoA #44: Honey, I Shrunk the Backlog w/ Allan Kelly. In this energizing 44th Hands-on Agile session on product backlog management, Allan Kelly clarified one thing: The backlog was a great idea until it wasn’t. Many successful teams deliver backlog items daily, but their backlogs aren’t getting smaller. The never-ending backlog overshadows delivery success.

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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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An Executive Walks Into A Daily Scrum

Leading Agile

So an Executive walks into a Daily Scrum and demands Team Member X who must immediately begin work on something that is not part of the Scrum Team’s commitment for the Sprint. If you’re a Scrum Master, this has either happened to you, or it is going to… soon. What do you do? You know this is not ok. The Executive, who may have the power to fire you on the spot, should know better too, but apparently, they’re “Extra-Agile.”.

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Project Management in the Hybrid Workplace (Book Review)

Rebel’s Guide to PM

Project Management in the Hybrid Workplace is the latest book from Phil Simon – a guy I think is smart, with a dry sense of humor, and who obviously loves researching all the nerdy things that make a book great. It’s about how, for decades, organizations have found it challenging to deliver projects. Even when we all worked together in co-located offices.

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What Is a Business Case - Simply Explained

ActiveCollab

Have you ever wondered why a company or executive management decides to commit themselves to a particular project? After all, this type of investment isn't only about money, but time and effort. When making such a decision, many believe that a business plan determines overall objectives and strategies. But what's a business case, and how does it fit into this picture?

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The Evolving Arc of Management

Project Management Essentials

To successfully transform our organizations and adopt new ways of working, we need to understand how we got here. The study of management is a social science. It influences our thoughts, management practices, and organizational behaviors. Social sciences provide valuable insights. But they are not always testable, timeless, or universally applicable.

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GDPR Compliance checklist

Techno-PM

What is the GDPR Compliance checklist? The GDPR Compliance Checklist lists the steps you need to take to be compliant with GDPR. This checklist will help you identify those areas where your company may not fully comply with the regulations. It will also help you identify the steps that need to be taken for your company to achieve GDPR compliance. Download Project Management Templates !

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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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A Trusted Project Manager Is Critical to Keeping Y

Project Management Update Submitted Articles

Your firm’s website is the most critical touchpoint between your business and its customers. For any B2B firm, handing off this vital resource to someone outside your organization constitutes a measure of risk.

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Lean portfolio management

Techno-PM

The lean portfolio management is a new way to look at the old problem of balancing cost vs. value in product development projects. The idea behind this method of managing projects is to identify and manage only the most important tasks at any given time, so as not to overload your team with too many things to do. The use of Lean portfolio management agile has exploded in the last decade as more and more companies have found that it is a powerful tool for structuring their product development pro

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Warum Story Points nicht geeignet sind, um Releasedaten vorherzusagen

Scrum.org

Die Chancen stehen gut, dass dein Team jeden Sprint erneut vor folgendem Problem steht: Einerseits möchtet ihr die Einträge im Product Backlog vor dem Sprint in Story Points schätzen, um die Komplexität der Arbeiten besser zu verstehen. Andererseits sollt ihr gegenüber dem Kunden ein Datum angeben, wann das Feature geliefert wird. Wir haben also immer wieder diese Schwierigkeit: .

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Time tracking template

Techno-PM

What Is Time Tracking? Time tracking can be defined as the act of keeping track of how much time you spend on a specific task. This information will then be used to calculate your productivity and efficiency. Download Project Management Templates ! When it comes to time tracking, there are two main options. The first is by the hour, and the second is by the minute.

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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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Overcome IT Project Management Challenges & Cost Overruns

Project Management Update Submitted Articles

Learn how free AppExchange task management app Milestones PM+ can help IT project managers overcome challenges and transform their Salesforce environment.

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Understanding the Nonworking Time Calendar in Microsoft Project

MPUG

Background. When you need to change the Project Calendar to a base calendar other than the Standard calendar in Microsoft Project, don’t forget to change the Nonworking Time Calendar as well. At this point, you are probably asking yourself, “What is the Nonworking Time Calendar ? And where do I set this calendar anyway?”. At the top level in Microsoft Project, there are two calendars that a user can set for the project.

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GanttPRO Is Recognized as One of the Leaders in G2’s Fall 2022 Report

GanttPRO Project Management

The Fall 2022 Reports provided by G2 are live. GanttPRO is traditionally presented in a set of prestigious categories. This time, the world’s largest tech marketplace recognizes the role of […]. The post GanttPRO Is Recognized as One of the Leaders in G2’s Fall 2022 Report first appeared on GanttPRO Project Management Blog.

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Updates for Fall 2022: Easier Sharing, Account Owners, Outlook, and More

Ganttic

We’ve been working hard improving our app recently. And as such we’ve rolled out a few smallish updates – that added up, will hopefully lead to some big (and positive!) changes for users. It’s really a mixed bag of changes – everything from “quality of life” updates, to a new User tier, changes to Outlook sync, and more. Find out what’s new, what’s improved, and how to get the most out of all the updates.

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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.