October, 2021

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How to Cash In on Project Opportunities

Project Risk Coach

Some project managers have a defensive mindset. They focus on threats only when opportunities abound. Let's increase our chance of success by seizing project opportunities too. Table Of Contents. 1 Self Assessment Quiz 2 What is an Opportunity? 3 Is an Opportunity a Risk, Really? 4 How to Get Started 5 Tools for Identifying Opportunities 6 Think Outside the Box 7 Where Will You Capture Opportunities?

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Trick or Treat – project management lessons from Halloween!

Kiron Bondale

It is still more than three weeks till Halloween but stores have already sold most of their spooky selections and are starting to put their Christmas stock out on the shelves. This Halloween may generate more anticipation than in previous years since last year’s festivities were curtailed in many cities due to the COVID-19 pandemic. Halloween holds a special place in my heart as it provides an opportunity for everyone to express their creativity.

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Why and How You Should be Creating Your Project’s Risk Management Plan?

nTask

Preparing for the unexpected is a part and parcel of all of our lives. It is the concept of uncertain events and occurrences that insurance is based on. Project management is no different. Being prepared for what might happen in a project ensures that you are well equipped to lead your team to a successful outcome. A risk management plan is how you can get your team on the same page.

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PRINCE2 and PMBOK: How They Compare

Rebel’s Guide to PM

I was interviewed by Diego Nei for the Brazilian blog, Papo GP (Talking PM – I think I’ve got that right). We were talking about PRINCE2®, what it means to get qualified and how it compares to the PMBOK Guide. If you’re up for it, you can read the interview in Portuguese , but Diego has also sent me the interview in English and let me reproduce it here.

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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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What Is Rolling Wave Planning?

ProjectManager.com

Sometimes the whole picture isn’t clear when you’re planning a project. But with a traditional project management methodology, such as waterfall, you set everything up first and then you’re stuck with it. But the waterfall methodology is only one way to manage a project. Other project managers prefer a more iterative process, like scrum. Others still prefer forms of agile software development where they have room to adjust their project plan.

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PMI Updates PMI-RMP Exam

Project Risk Coach

Are you aware that the Project Management Institute (PMI) is updating the PMI-RMP exam? The new exam will start in April 2022. Let's look at the PMI-RMP Pilot Exam process, what's different in the exam, the Pilot Exam Content Outline, and how to apply. Table Of Contents. 1 PMI-RMP Pilot Exam 2 What's Different in the New PMI-RMP Exam? 3 Here's the PMI-RMP Pilot Exam Content Outline 4 How to Apply for the PMI-RMP Pilot Exam.

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Does a fully predictive life cycle ever make sense for a project?

Kiron Bondale

One of the misconceptions I like to clear up with learners in the project management fundamentals courses I teach is that there is no such thing as a “waterfall” or “agile” project. Stakeholders might choose to use a predictive or adaptive life cycle or specific methods associated with either of these approaches for delivering the scope of their project, but using these terms as an adjective furthers the erroneous perception that there are only two options available to us

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How I Got Fired As A Scrum Master

Scrum.org

Being a Scrum Master can be tough. You are accountable for helping organisations change the way they approach complex work. You are there to help them adopt an empirical approach to dealing with change and uncertainty. While most people will recognise the need for change, for the most part, people do not want to change or be changed. Most large and successful organisations are built to resist and prevent change.

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15 Clever Ways to Save Time at Work

Rebel’s Guide to PM

There are no shortcuts in project management really, but wouldn’t it be nice if we had a few ways to speed things up? I’m delighted to be partnering with BrightWork today to bring you 15 of my favorite time-saving tips for work and productivity hints (and there are some free templates for you to grab – scroll down). 1. Call people before meetings. Give people a ring before a meeting.

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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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Risk Response Plan in Project Management: Key Strategies & Tips

ProjectManager.com

Projects are delicate operations. There is so much that can impact them; a storm cutting off the supply chain, equipment failure or a labor dispute are merely three possible situations in a seemingly endless succession of risks. The risk response plan that you create to deal with these risks, which describes risk identification, assessment, and mitigation response strategies, could mean the success or failure of the project.

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AI and the Project Manager

The Lazy Project Manager

How the Rise of Artificial Intelligence Will Change Your World. A new book from the author of #1 best-selling book ‘The Lazy Project Manager’ Enabling project managers to adapt to the new technology of artificial intelligence, this first comprehensive book on the topic discusses how AI will reinvent the project world and allow project managers to focus on people.

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The Practice Standard for Project Risk Management

Project Risk Coach

In this article, let's discuss why risk management standards exist and which Project Management Institute (PMI) standard you should study in preparation for the Project Risk Management Professional (PMI-RMP) exam ( until the updated PMI-RMP® exam comes into play April 2022 ). Why Standards Exist "A PMI practice standard describes processes, activities, inputs, and outputs for a specific Knowledge Area.

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Beware the bored team member!

Kiron Bondale

(Thanks to Andy Kaufman for inspiring this week’s article). Those of us who have raised small children are familiar with the complaint “I’m bored!” which is almost as annoying as “Are we there yet?” This is more common currently than when I was growing up. Expressing boredom in those days was like issuing an open invitation for your parents to assign you some “interesting” chores.

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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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3 Ways Organizations Use Measures Poorly

Scrum.org

I am often asked what Scrum Teams and organizations should measure. And while measurement is important, it's not just about what we measure. It's about understanding why we measure and how we use those measures. And well, that's what actually helps you figure out what to measure. In this post, I will share some common patterns I have noticed that lead to using measures poorly.

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Project Management Radar 2021 Sheds Light on What’s Next

Rebel’s Guide to PM

As project delivery professionals we are always on the lookout for new project management trends and practices, right? It’s good to know what’s coming and how we can best respond to that. Following the latest industry news can help build knowledge, confidence, and find new solutions to existing problems. There are a range of reports and surveys released each year which are useful for shedding light on what has been going on, and looking forward to what is to come.

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What Is a Resource Histogram in Project Management?

ProjectManager.com

In project management, resources are the people, tools and materials necessary to get the project done. In other words, resources are important—and so is resource management. A resource histogram is a statistical tool used to manage resources. It’s a historical bar chart diagram that defines a resource allocation schedule. Resource histograms help project managers with resource planning and quality management.

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How Artificial Intelligence Can Improve Project Management?

nTask

AI (artificial intelligence) is going to continue to disrupt our daily lives in a huge way. Like the internet, this tech will completely change the way people live, information is shared, and businesses act. Every industry is going to be further impacted by AI ( many already have been), but here, we’re going to focus on how it may improve the project management sector.

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The Big Payoff of Application Analytics

Outdated or absent analytics won’t cut it in today’s data-driven applications – not for your end users, your development team, or your business. That’s what drove the five companies in this e-book to change their approach to analytics. Download this e-book to learn about the unique problems each company faced and how they achieved huge returns beyond expectation by embedding analytics into applications.

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PMI-RMP: Monitor Risks

Project Risk Coach

The Project Management Body of Knowledge (PMBOK) 6th Edition defines Monitor Risks as “the process of monitoring the implementation of agreed-upon risk response plans, tracking identified risks, identifying and analyzing new risks, and evaluating risk process effectiveness throughout the project.” Here is a crossword puzzle to help you learn about some of the key terms and principles of monitoring risks.

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10 Best Enterprise Resource Planning Software Of 2021

The Digital Project Manager

This enterprise resource planning software review covers 10 tools and all the info you need: pros and cons, pricing, features, integrations, and screenshots to help you choose something that fits your needs. The post 10 Best Enterprise Resource Planning Software Of 2021 appeared first on The Digital Project Manager.

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The Scrum Guide - A Leader’s Perspective

Scrum.org

Scrum - The Leader’s Perspective. If you’re leading Scrum Teams or generally are a leader in an organization that’s leveraging Scrum? Are you feeling a bit left out after reading the Scrum Guide ? The Scrum Guide doesn’t explicitly call out the role of the Leader but successful implementation of Scrum definitely requires leadership. . The Scrum Guide describes the leadership required by the Product Owner, Scrum Master, and Developers.

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Understanding RAG in Project Management

Rebel’s Guide to PM

Have you seen project status reports with colored boxes in different shades of green, amber, and red? Or project names written in those colors where the rest of the text is black? That’s the RAG status of the project. According to PMI, 11.4% of investment is wasted due to poor project performance. RAG reporting is a good way to draw management’s attention to projects that need support.

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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

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How to Manage Project Environment from Initiation to Close

ProjectManager.com

Managing a project is difficult. You have a deadlines to meet and budgets to keep. And within that narrow lane, you have to deliver a quality product or service. And that’s just the project! What about all those things that can impact the project? There are forces outside your control that can sidetrack your work. There are even issues that can arise from your team or stakeholders.

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8 Best Action Tracking Softwares that You Can Use in 2021

nTask

Project management is a complex puzzle that takes a lot of different things to go right at the same time so that teams can generate more value for the company. These different ‘things’ are the tasks or actions that are included in the project development process. So, if you were searching for the best action tracking software on the market right now, you have come to the right place, because, in this article, we are going to talk about just that.

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Keeping “Why?” front of mind

Kiron Bondale

HBR published an article this week reinforcing the importance of purpose for building engagement and creating high performance with project work. Twelve years ago, Daniel Pink doubled down on purpose with his book Start with Why and made it part of his intrinsic motivation triad. Making sure that a project’s purpose is clear, well understood, and shared by key stakeholders is critical but all too often that valuable information is hidden like the Ark of the Covenant in that secret governme

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An Insider’s Guide to Modern PPM: Evolving Approaches and Technology

Planview

PMOs are in a state of transition: ever shifting to support different teams, ways of working, strategic objectives, transformation programs, priorities, and more. Managing this level of complexity and constant change requires a modern approach to PPM – one that positions the PMO to become a more strategic creator of business value. “ The Insider’s Guide to Modern PPM ” defines what this means and the competencies needed to confidently and effectively traverse the journey.

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From Complexity to Clarity: Strategies for Effective Compliance and Security Measures

Speaker: Erika R. Bales, Esq.

When we talk about “compliance and security," most companies want to ensure that steps are being taken to protect what they value most – people, data, real or personal property, intellectual property, digital assets, or any other number of other things - and it’s more important than ever that safeguards are in place. Let’s step back and focus on the idea that no matter how complicated the compliance and security regime, it should be able to be distilled down to a checklist.