June, 2022

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Calming Project Management Anxiety

LiquidPlanner

Remember that hit from the ’80s, “Who Can It Be Now”? The vocalist seems racked with paranoia, wondering who could be knocking on his door. “Is it the man come to take me away?” And later in the song, “go away, don’t come around here no more.” These feelings are sometimes our reality in the project management world. We dread that next call from our customer, the project management office leader, or a company executive looking for answers or updates on our latest project.

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15 Practical Tips to Improve Project Communication

Rebel’s Guide to PM

Do you want to improve communication on your projects ? And yet make it easier to do at the same time? In this article I’ll share 15 tried-and-tested tips for effective project communications. 1. Use a milestone tracker. The milestone tracker I use is a simple Excel spreadsheet. It lists the milestones in one column, organised by project phase.

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Program Manager vs. Project Manager: What’s the Difference?

ProjectManager.com

Project manager vs. program manager. The two roles often differ in their day-to-day tasks and the overarching approach to their role. Program managers are more strategic in their thinking and deliverables, while the project manager is often working on day-to-day task management on a more cellular level. But before we compare the roles of a program manager and a project manager in-depth, we must first understand the difference between a project and a program.

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How to Manage Project Uncertainty Better

Project Risk Coach

Do you want to be the Sherlock Holmes of project management? Let’s look at three ways to manage project uncertainty better. We find these aspects of uncertainty in the PMBOK® Guide, Seventh Edition – ambiguity, complexity, and volatility. Project managers walk into the unknown with each new project. You may be unsure about numerous factors including but not limited to: User requirements Team dynamics External events such as natural disasters or new political policies Changes in market conditions

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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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Remote Work and Scrum

Scrum.org

I am sure everyone has seen Elon Musk’s email to his team at Tesla telling them they needed to get back in the office. Elon has joined other high-profile companies such as Netflix and Goldman Sachs making work in the office mandatory. For many of these organizations, they cite the reason for moving back into the office as improved collaboration or in the case of Tesla, to be fair to the factory workers who need to physically be in the office.

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Self-Leadership: How to Become a HERO

Inloox

Content. What does Self-leadership mean? Become aware of yourself. Regulate yourself. Find your intrinsic motivation. Become a HERO. Karim Benzema is a phenomenon. Last May, the soccer star brought the possibly most coveted silverware, the UEFA Champions League trophy, to Madrid for the fifth time. One might think that claiming the European soccer throne with Real Madrid CF has become routine for him.

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5 Ways To Use Visual Project Management

Rebel’s Guide to PM

Visual project management is simply using graphics, pictures, graphs and charts to display project information. People with a visual preference for capturing information have always doodled or mindmapped their To Do lists, whereas those with a preference for creating lists opt for an ordered list of tasks. The idea of ‘preferences’ seems a bit old-fashioned now, but you can probably recognize your own preference.

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What Is Project Accounting? Principles, Methods & More

ProjectManager.com

To stick to your project budget, you have to track costs. Project accounting, as with general accounting, is a method by which project managers can manage project finances. Project accounting is not the same as balancing your checkbook or even seeking the service of a certified public accountant as it’s unique to project management. Let’s look at what a project account is as well as its principles and methods.

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PMBOK® Seventh Edition Principles and Risk Management

Project Risk Coach

The Project Management Institute (PMI) released the PMBOK® Guide, Seventh Edition in July 2021. This edition is a principles-based guide as opposed to the process-based guide of the Sixth Edition. In this article, let's look at each principle and why each one matters with respect to managing risks. Table Of Contents. What are Principles? 1. Be a Diligent, Respectful, and Caring Steward 2.

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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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What to consider in your transition to Scrum

Scrum.org

When people ask me the best way for their team to transition to Scrum, I have to tell them that there isn’t an easy answer because every organization is unique. Keeping that in mind, here are some general steps to consider if implementing Scrum is on your horizon. . Is Scrum the right fit for your business problem? First, you should honestly evaluate whether Scrum is the right fit for your business problem.

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How current are your risks?

Kiron Bondale

I’ve often referenced Dr. David Hillson’s definition of risk as “ uncertainty that matters ” in my articles about project risk management. The last word in that short sentence is critical. If stakeholders don’t feel that the information presented to them about a risk matters to them, they will ignore it. At best, this means the effort which the project team spent on identifying, analyzing, and communicating risks was wasted, but at worst, it could result in a stakeh

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3 Ways Project Management Software Helps With Resource Planning

LiquidPlanner

Resource planning is a discipline within project management software that ensures the most effective use of an organization’s team members and resources across the portfolio. This involves gathering the proper mix and quantity of resources required to complete a project and coordinating timelines between different departments using the same resources.

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How to organize a notebook for work

Rebel’s Guide to PM

Whether you are hybrid, home-based, or completely in the office, notebooks are a part of many people’s working life. But how do you organize notes in a notebook? A lot of it is personal preferences but there are also plenty of good practices for managing daily tasks in your work environment. If you are looking for ways to keep a notebook organized, you’re in the right place!

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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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Software Development Estimation: A Quick Guide

ProjectManager.com

Software development estimation is an essential part of many projects. Even before the planning stage , it’s critical to create an accurate forecast of the project’s duration, costs and more. Despite its importance, software development estimation is often overlooked. Maybe that’s because it’s difficult to estimate properly. Software development estimation requires an understanding of all parts of your software development project and the time needed to successfully complete the work to me

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8 Factors That Greatly Influence Employee Retention

Proofhub

Image Source It’s already challenging to hire top employees, but keeping them is even more complicated. Just think about the expenses you will save when you don’t have to spend on frequently advertising job postings and recruitment agencies. Not to mention the money, time, and effort you will need to spend on screening, interviewing, hiring, and training new employees.

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Eight things you should do in your Sprint Review

Scrum.org

The Sprint Review is often referred to as the Sprint Demo. The meeting where the team demonstrates what they have done in the past Sprint. And nothing more than that. This is gross underinvestment in your own Scrum Team and its success. The Scrum framework is founded on empiricism, with three main pillars: Transparency. Inspection. Adaptation. If we limit ourselves to just running a demonstration of the past Sprint, we are stopping at the Inspection point.

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How are you allocating and returning contingency reserves?

Kiron Bondale

Most project managers will include some contingency reserves within their budget to offset the negative financial impacts of realized risks. Determining how much to put aside for a rainy day might be done from a top-down method such as using a flat percentage derived from past projects (e.g. low complexity projects will have 10% contingency whereas higher complexity ones will have 25% contingency) or a bottom-up approach based on assessing and aggregating the expected monetary value of the finan

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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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Time Management Techniques to Prevent Burnout

LiquidPlanner

It’s ingrained in many of us to strive for optimal productivity. Are you in the habit of negative self-talk when you don’t accomplish as much as you had planned? You are not alone. Many of us may not have a healthy relationship with time management. Have you ever thought to yourself: I never have enough time in a day. I don’t manage my time well enough.

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Make an impact as a T-Shaped project manager

Rebel’s Guide to PM

Have you ever heard of a T-shaped developer? It’s a common phrase used in software development where the developer has broad experience in their role but is also profoundly skilled in one specific area. The horizontal bar of the “T” represents their broader skill set. The vertical bar shows the more extraordinary and specialized skill.

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Change Control Board: Roles, Responsibilities & Processes

ProjectManager.com

It’s a given that there will be changes to the project plan during the project execution phase. It’s impossible to factor in everything — from weather to supply chains to change requests — something is going to conspire against your schedule and budget. This is why projects have a change control board. Project management is methodical, but change is not.

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How to Manage Underperforming Employees?

Proofhub

How to Manage Underperforming Employees One of the most critical new managers’ challenges is faced when trying to manage employees. Out of which, the even more crucial aspect of the challenge is managing underperforming employees. Managers have to manage their teams and help them grow while keeping them motivated and engaged. To do this, managers need to know how to identify potential problems in their team and address those problems effectively.

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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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Meaning of purpose

Scrum.org

In recent years, the Scrum Guide 2020 mentioned that the Product Backlog need s to be committed to the Product Goal, the Sprint Backlog needs to be committed to the Sprint Goal and become an integral part of the Scrum framework. The Scrum teams have started to take this more seriously and apply it in building their Products. But somewhere, there are a lot of Scrum teams trying to apply but still having difficulties and struggling not to know how to build a good goal and help the product succeed.

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Who makes the rules for your team?

Kiron Bondale

Playing a board game without all participants having a consistent understanding of the rules is a frustrating, time-wasting experience. The same is true when a team starts to work together for the first time. Whether it is done proactively when the team assembles or is done as a reaction to unhealthy conflicts, having a basic set of working agreements can help to accelerate a team’s transition out of the storming and norming phases of development.

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Why You Need To Be Part of the Artificial Intelligence Revolution

LiquidPlanner

Why Join the Digital Dance? Dancing with the Stars [1] , or in the UK Strictly Come Dancing as the original is named, pairs celebrities with professional dancers. Each week the couples perform predetermined dances and compete for judges’ points and audience votes. Weekly, the pairings become a closer and more harmonic partnership (mostly) and, by the end of the season, we see some truly amazing dances in the finale.

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How To Be An Estimating Superhero

Rebel’s Guide to PM

I love things that make my job easier. A statistical model for estimating isn’t normally something I’d put in the ‘make my job easy’ box, but I might just have found one that works. William W. Davis, MSPM, PMP and Project Management Superhero. I caught up with William W. Davis, MSPM, PMP and Project Management Superhero. He’s taken the PERT (Project Evaluation and Review Technique) estimating approach to the next level by letting you add a dash of professional judgement in with the numbers

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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.