March, 2024

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Is the triple constraint in project management still relevant? (Spoiler: No!)

Rebel’s Guide to PM

Projects always have certain constraints – there may be an urgency to complete a project because of external market factors, for example; or there may have to be tightly controlled costs because of a fixed or limited budget. The project will also be expected to deliver on certain expectations including quality levels. What is the Triple Constraint? The most commonly used planning constraint method in project management was historically the “triple constraint” – time, cost and scope –

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Maximizing Efficiency: 5 Best Project Management Tools for 2024

The IIL Blog

By Jodie Hurst Introduction Project management is the soul of a successful organization. Regardless of your business size or role, embracing project management practices to propel your success to new heights. But with so many options in today’s market, how can you choose which project management tools will work the best for your organization? With the right tools at your disposal, you could create a seamless process to finish all your projects before their deadlines, streamline workflow, increas

2024 88
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Using Generative AI to Drive Corporate Impact

TechEmpower - Project Management

Generative AI is revolutionizing how corporations operate by enhancing efficiency and innovation across various functions. Focusing on generative AI applications in a select few corporate functions can contribute to a significant portion of the technology's overall impact. Key Functions with High Impact Generative AI is revolutionizing sales by enabling dynamic pricing and personalized customer interactions, boosting conversion rates and customer satisfaction.

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How to Build and Implement a Project Strategy

ProjectManager.com

Every project is different. While they all have a timeframe and end with a deliverable, they require unique methodologies and steps to reach their goals. Project strategy is the plan that defines a project, which is why project management strategy is so important. To better manage projects, one must clearly understand project strategy, who’s responsible for it in the organization and the steps to create a project strategy.

Budget 371
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The Project Clinic: Assessing Project Health, Planning, and Execution

Speaker: Ketan Jahagirdar

Picture your projects as patients, each with its own unique rhythm and pulse, thriving under your care 🥼 🩺 Step into the role of an innovative project doctor in our upcoming webinar! This session is your guide to evaluating the health of your projects through Waterfall and Agile practices like Scrum and Kanban. We’ll explore the vital signs of project success through the lens of the “iron triangle” metrics, unveiling how deliverables translate into measurable outputs.

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The Power of Words: Transitioning from 'Project' to 'Product'

Scrum.org

“Words are, in my not-so-humble opinion, our most inexhaustible source of magic.” – a line not only for the fantastical worlds but also for the realms of our daily professional lives. Today, let’s delve into one such magical transformation: transitioning from a ‘Project’ to a ‘Product’ mindset. The vocabulary we choose communicates our thoughts and shapes our perspectives, actions, and outcomes.

More Trending

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The Velociteach Guide to Delivering Sustainable Projects

Velociteach

By their very nature, certain projects scream sustainability ! An example is the Ocean Cleanup Project , and the laudable work performed by these engineers, project managers, and world-changers who aim to remove plastic from our oceans. Other projects may not have such lofty goals; however, those who lead the project teams should deliver sustainable outcomes.

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Is Your Marketing Project Management Software Falling Short? Signs to Watch For

Admation

If you're pondering over the decision to upgrade your marketing project management software, rest assured, you're in good company. A significant finding from Capterra Management's User Research Report reveals that 44% of organisations have navigated through various project management solutions before settling on their final choice. The primary trigger for this transition?

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Notion Gantt Chart: Key Features, Pros and Cons

ProjectManager.com

Notion is work management software that helps teams from across industries such as product development, engineering or marketing to facilitate team communication, manage tasks and create simple project timelines. While Notion has project management features, is there a Notion Gantt chart? We’ll get to that in a moment. Gantt charts are essential project planning and scheduling tools that can manage and track resources and costs.

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Product Management Considerations for Project Managers

Project Pulse Journal

By: Hajime Estanislao, PMP, CSM Are you looking to bridge the gap between your projects and the ever-evolving market demands? If so, aligning your project outputs with strategic business goals and customer expectations is a necessity. The collaboration between product and project management can seem complex, but finding this balance unlocks your potential to manage essential aspects of the organization.

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Toward a Unified Project Management Understanding

The objective of this research is to dispel misunderstandings about crucial project management terms and their definitions. It aims to accurately place these terms and facilitate a comprehensive global understanding of their meanings.

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Project Management Job Titles: Understanding the Types of Roles in Project Management

Rebel’s Guide to PM

If you’re searching for a project management job, you’ve no doubt come across a range of different job titles. Which one should you go for? The ‘project manager’ job descriptions have a wide variety of roles and duties, which can make it hard to know what’s right for you. And therein lies the challenge. What ‘project manager’ means to one business will be slightly different to how another company uses the term.

PMO 378
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Planned Obsolescence: An Unsustainable Business Model

Green Project Management

Let’s start by defining some terms. Planned Obsolescence involves designing products to quickly break or become obsolete in the short to mid-term, with the general goal of encouraging sales of new products and upgrades. This business model thrives on consumer dissatisfaction and the constant need for newer, shinier products. However, this approach is ultimately unsustainable […] The post Planned Obsolescence: An Unsustainable Business Model appeared first on Insights into Sustainabil

Planning 325
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Mastering the PMI-RMP Exam: Effective Study Strategies

Project Risk Coach

Individuals often register for the PMI-RMP exam with the intention of advancing their careers, but some fail to complete their studies or pass the exam. Let's look at three effective study strategies to help you complete your preparation and pass your exam on the first try.1. Develop a Personalized Study PlanSome individual's study plan is […] The post Mastering the PMI-RMP Exam: Effective Study Strategies appeared first on Project Risk Coach.

PMI 221
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Risk Optimization in Scrum: Empirical Approach to Managing Uncertainty (From PM to PSM 12)

Scrum.org

Optimizing Risk Responses in professional project management resonates profoundly with the empirical foundation of Scrum. Scrum's framework inherently addresses risk by embracing uncertainty and change, making it an ideal approach for managing both opportunities and threats in complex environments. For Project Managers transitioning to Scrum Masters, understanding how Scrum’s empiricism and iterative process effectively manage risks is key to successful initiative outcomes.

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Navigating the Future: Generative AI, Application Analytics, and Data

Generative AI is upending the way product developers & end-users alike are interacting with data. Despite the potential of AI, many are left with questions about the future of product development: How will AI impact my business and contribute to its success? What can product managers and developers expect in the future with the widespread adoption of AI?

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What Is Organizational Strategy in Business? (Examples Included)

ProjectManager.com

The most successful companies always have one eye on the future so they can not only survive but thrive. That doesn’t happen without an organizational strategy to plan for the organization’s long-term success. Organizational strategy has many layers. We’ll first define the term and then go into the organizational strategy levels, as well as explain its importance in business.

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Unlocking ITIL4: Defining Value and Navigating Career Growth

The IIL Blog

By Sophie Hussey and Georgina Otubela What is ITI and how can it benefit your organisation and support your career development? In this article, we explore the foundational concepts of ITIL 4 and discuss how the ITIL framework has supported their career progression. Why ITIL and what’s in it for you? Regardless of whether you work in a technology function or the wider business, there are many learnings from the ITIL4 framework that can apply.

Defining 167
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57 AI in Project Management Statistics

Rebel’s Guide to PM

We gathered 57 of the top AI in project management statistics to help understand this key development in technology. Recent advancements in tech have changed how project managers work in 2024. Using our 20 years of project management experience, we reviewed AI statistics and trends from trusted third parties, which forms the foundation for this list.

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How to do customer acquisition the right way in 2024

Planio

You can build the best product in the world, but without a solid customer acquisition strategy (and the right team to pull it off), no one will ever use it. But customer acquisition isn’t just about getting users for your product — it can be life or death for your company as a whole. In the last five years, the average cost of acquiring a new customer has increased by a staggering 60%.

2024 158
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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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The Bespoke Business Model: Developing Your Own Marketplace Platform

Binfire

In today’s digital age, the concept of custom marketplace development has revolutionized the way businesses operate and connect with consumers. These platforms act as intermediaries, facilitating transactions between buyers and sellers in various industries. From e-commerce giants like Amazon and eBay to niche platforms catering to specific services or products, marketplaces have become an integral part of the modern business landscape.

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Can Kanban Revolutionise Your Workflow?

Scrum.org

In my journey through the realms of Agile and project management, I've encountered numerous strategies and philosophies aimed at refining the process of work delivery. Yet, one philosophy that consistently stands out for its flexibility and profound impact on workflow efficiency is Kanban. This approach, far from being just another methodology or a set of best practices, offers a unique lens through which to view our existing systems and processes.

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Kanban in Manufacturing: Main Uses & Benefits

ProjectManager.com

Kanban in manufacturing originated in World War II where it was used in the manufacturing of Spitfires for the Royal Air Force in the UK. Then it was known as the two-bin system. After the war, the Japanese car manufacturer Toyota looked at how supermarkets stocked only what they expected to sell at a given time. This led to improvements in manufacturing efficiency.

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5 Key Statistics on How the PMP Certification Will Boost Your Salary and Career

The IIL Blog

By Nicholas Mendez March 13, 2024 Are you ready to take your project management career to the next level? In today’s rapidly evolving professional landscape, staying competitive and advancing your career in project management requires more than just experience and skills. One significant way to distinguish yourself is by obtaining the well sought after Project Management Professional (PMP) ® certification.

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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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Planning a Budget for a Proposal in 5 Easy Steps (+ Example)

Rebel’s Guide to PM

Do you need to write a budget proposal report? I’ll show you how. We start with the 5 easy steps to plan and write your budget proposal. Then I’ll show you a worked example (from a fictional proposal but you will be able to see how to apply this to your project). A proposal budget is similar to a project budget, but with a very different goal.

Budget 310
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Navigating the Human Element in Agile: A Deep Dive into Team Dynamics and Collaboration

NimbleWork

The Agile project management methodology encourages organizations to empower teams with clear responsibility and authority, so they can work together to autonomously develop ingenious and innovative solutions. From the workforce perspective, this requires trust between team members, cross-functional teams, business executives and stakeholders. It also requires a structured mechanism for collaboration and information sharing, a guiding framework that maps interdependencies between individuals and

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Cumulative Cost and Budget Spreadsheet Tool

PM Times

As both a Project Management practitioner and a College Professor and University Instructor, I have found that there are very few simple-to-use templates for creating a time-based project schedule and budget. This package has a series of 4 Excel spreadsheets (but any standard spreadsheet program should also work) that allow a student or practitioner to […] The post Cumulative Cost and Budget Spreadsheet Tool appeared first on Project Management Articles, Webinars, Templates and Jobs.

Budget 110
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Productivity: creative versus reactive leadership

Scrum.org

I previously wrote about 5 ways productivity culture kills business agility. And that may cause one to wonder if I think that focusing on productivity is a bad thing. I believe we can be in right relationship with productivity and use it as a tool for good. However, the reality I observe and sense around me is that most of us are not in right relationship with it.

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How to Stay Competitive in the Evolving State of Martech

Marketing technology is essential for B2B marketers to stay competitive in a rapidly changing digital landscape — and with 53% of marketers experiencing legacy technology issues and limitations, they’re researching innovations to expand and refine their technology stacks. To help practitioners keep up with the rapidly evolving martech landscape, this special report will discuss: How practitioners are integrating technologies and systems to encourage information-sharing between departments and pr