Sat.Nov 18, 2023 - Fri.Nov 24, 2023

article thumbnail

A Guide to 7 Successful Steps in Project Post-Mortem Analysis

NimbleWork

Have you ever come to the end of a project that and wondered what could have been done better? If the project was not successful, are you curious to learn what contributed to the poor result? A project post-mortem may help to answer some of these questions. What is a Post-Mortem in Project Management? A post-mortem in project management is a structured review or analysis conducted after the completion of a project.

article thumbnail

Are you sinking? Or sunk?

Musings on Project Management

Let's keep the basics in front of us:Projects are transformative processes packaged togetherInputs (cash, people, buildings and tools, overhead like training) are transformed into deliverables that don't remotely look and feel like the inputsDeliverables are much more valuable than the sum of the inputsToo often, the focus of the 'business' is on the inputs being consumed, like cash-flow and

Process 150
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Identify and Respond to Black Swans

MPUG

Projects and Risk A significant role of the project manager is to identify and manage the risks associated with project objectives. This does not suggest that this is only the project manager’s responsibility. However, it is their responsibility to get the team effectively engaged. When creating an overview of risk management, we list and describe the processes we will go through to understand and respond to potential risks.

article thumbnail

Simplifying Work: The Path to Greater Productivity

Scrum.org

When we're inundated with tasks, our productivity plummets as we constantly switch contexts, akin to a computer bogged down by too many open applications. We tend to underestimate the time lost to this context switching, which, as Martin points out, can be up to 20% per task. This loss can be quantified using the theory of constraints, which highlights how multitasking is not just inefficient, it's counterproductive.

article thumbnail

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.

article thumbnail

What’s New? Top 5 Project Management Trends for 2024

Online PM Courses

Here are my Top 5 new Project Management Trends as we move into 2024. And I’ll also discuss some of the other trends you need to be aware of. The post What’s New? Top 5 Project Management Trends for 2024 appeared first on OnlinePMCourses.

2024 129

More Trending

article thumbnail

How to Manage Multiple Projects: 2024 Guide

Ganttic

Managing one project can be a daunting task, even more so is managing multiple projects simultaneously. Even professional project managers and team leaders are horrified by managing big or numerous projects without project management tools and strategies. Dealing with a workforce, deadlines, budget, tasks, resources, stakeholders, and challenges of a project demands a lot of skill and experience.

2024 78
article thumbnail

Can you have Project Managers as Scrum Masters on your Scrum Team?

Scrum.org

Does it make sense to have a project manager and a Scrum Master on your Scrum team? Can they be the same person? What would happen if you have both on your Scrum team? How is delivery on a Scrum Team handled if you don’t have a Project Manager? In this Responsive Advisors Scrum Lightning Round, Professional Scrum Trainers Jason Malmstadt , Robb Pieper , and I have some ideas to share about Project Managers and Scrum Masters on your Scrum Team.

SCRUM 151
article thumbnail

Making a prediction?

Musings on Project Management

Making a prediction?Something to forecast?Milton Friedman (deceased now), distinguished economist and notably conservative when it came to finances has this adviceIf you're going to predict, then predict often!Yes, it's a bit humorous. But it's also true, to wit: the future is uncertain, subject to change, and subject to change unexpectedly and perhaps even near-term.

Finance 150
article thumbnail

11 Fair Hiring Best Practices to Follow

Teamweek

Looking for a quick way to make your organization a better place to work? Fair hiring to the rescue! By making your workplace more inclusive and diverse , you’re not only complying with the law, but you’re also putting yourself out there as a great employer. Here is everything you ever wanted to know about fair hiring and fair chance hiring (hint: they’re not the same thing!

article thumbnail

Strategic Finance Essentials: A Project Manager’s Guide to Financial Impact

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 expendi

article thumbnail

Capital Budgeting: Definitions, Steps & Techniques

ProjectManager.com

Capital is money. In finance, capital is money that a company has, such as earnings or credit, which it can spend or invest on assets. Figuring out what to spend its capital on, such as capital spending on long-term assets, is part of capital budgeting. First, we need to define capital budgeting, what a capital budget is and why it’s important. Then we can go through the capital budgeting techniques and the steps to a capital budgeting process.

Budget 343
article thumbnail

Is your Manager ready to be the Scrum Master?

Scrum.org

There’s been a slow moving shift in the industry towards eschewing full time traditional Scrum Masters and Agile Coaches in favour of having line managers (Engineering Managers, Delivery Managers, etc) take on the Scrum Master Accountability. I’ve talked a bit about this here. The trend has accelerated recently as companies have had to make tough decisions around overall head counts.

SCRUM 173
article thumbnail

10 ways to stay calm under pressure (at work and in life)

Planio

We live in a world of increasing pressure — to perform, to provide, and to be available. With remote working blurring the line between our work and personal lives, 26% of people say they expect to feel even more stressed in the future. Of course, pressure and stress go hand-in-hand. Over time, if you can’t find ways to relieve the pressure, your stress levels will become unmanageable, leading to psychological consequences such as burnout and panic attacks.

article thumbnail

Top 6 Blind Recruitment Tools for 2024

Teamweek

Unconscious biases impact hiring decisions. Gender, age, university degree, or ethnic background influence our first opinion about candidates — and not always in a good way. Statistically, job applicants from minority ethnic backgrounds need to send 60% more applications to get a positive response. Among workers aged 50-69, 36% feel disadvantaged when applying for jobs due to their age.

2024 96
article thumbnail

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.

article thumbnail

Capital Projects: Capital Planning, Budgeting and Funding

ProjectManager.com

When governments or corporations make large investments, they don’t do so without serious planning. There’s a lot of money involved in these capital projects and that means getting the funding and allocating the finances wisely. Let’s take a look at capital projects, explore the idea of a capital asset and delve into the process of capital planning.

Budget 341
article thumbnail

6 errores evitables en Scrum

Scrum.org

El otro día alguien me preguntó cuales eran los errores típicos que veía en equipos Scrum que empezaban. Mi respuesta fue sorprendente: ¿Los que empiezan? Los que más problemas tienen son aquellos que ya llevan mucho tiempo funcionando. Error 1: Mucho Work in Progress Acaba la primera parte del Sprint Planning y el equipo empieza a desgranar los PBIs en tareas, los estiman y cada uno de los miembros del equipo empieza a trabajar en un ítem distinto.

SCRUM 185
article thumbnail

A Complete Guide to eCommerce Project Management

Proofhub

Ecommerce project management entails the systematic strategy of planning, organizing, coordinating, and regulating the numerous activities involved in building and running a store online. It includes various tasks, from early idea and planning to creating UX/UI design, development, launch, search for a good Magento support service , and other ongoing optimization.

article thumbnail

Top Benefits of Enterprise Resource Planning Tools 

Productivity Land

As a business owner or executive, how long is your to-do list when you start each work day? With so much responsibility, you probably have a ton of items on that list that need to be dealt with to propel the company forward. It is probably a mix of things that affect either the day-to-day operations or the long-term objectives of the organization. Either way, you have a lot on your shoulders.

article thumbnail

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.

article thumbnail

Project Financial Management: Managing Project Financials

ProjectManager.com

Whether you call it project financial management or project accounting, managing a project’s finances is essential to delivering a successful project. It’s more than just keeping up with costs. There’s a lot of planning, managing and tracking involved. But what exactly is financial project management? We’ll get to that and define the various project financials before getting into the process of managing a project’s finances.

Finance 331
article thumbnail

Escaping the Feature Factory

Scrum.org

TL; DR: Escaping the Feature Factory — Refocussing From Output to Outcome The feature factory fate is not inevitable; there is hope to avoid becoming a mere cog in the machinery. Learn how! In many large organizations, Scrum teams fall into the ‘feature factory’ trap, focusing more on churning out features than creating real value. It’s too bad that this shift undermines Agile principles and hampers long-term success and innovation.

article thumbnail

A Change Model for Moving Legacy Systems Into the Cloud

Leading Agile

Technical dependencies often get in the way of companies who are looking to Transform the way they do business. And even when they see an opportunity to modernize their legacy infrastructure, many find that the effort to move to the cloud either isn’t cost effective, or it’s more of a hinderance than it is a benefit. In this video, Mike Cottmeyer sits down with our Managing Director of Consulting to discuss some of the challenges associated with moving your applications to the cloud and what you

article thumbnail

Project Health Checks By Dr. Harold Kerzner

International Institute for Learning

Free Newsletter | Learner Login Search Search Close this search box. Courses Browse Courses Live Virtual Learning On-Demand In-Person Professional Certifications Learning Categories Project, Program and Portfolio Management Agile and Scrum Leadership and Interpersonal Skills Business Analysis Business Relationship Management Cybersecurity Information Technology Management Lean Six Sigma Microsoft Project Online Conferences Leadership and Innovation Agile and Scrum International Project Managemen

2023 67
article thumbnail

3 ‘Must-Dos’ for Addressing Digital Transformation Challenges

Digital transformation projects are crucial, with global spending projected to hit $3.4 trillion by 2026. However, they often fail at a rate of about 70%. To enhance success: Employee Buy-in: Acknowledge concerns and establish a change management team to communicate benefits transparently. Identify Processes and Tools: Form a digital transformation office to establish metrics, workstream lifecycles, data capture, and tool selection.

article thumbnail

Microsoft 365 Copilot and the PMO

MPUG

There has been a huge interest in Generative AI ever since the release of ChatGPT in March 2023. Multiple studies have shown that people using this form of AI in their daily lives have increased their productivity a lot. One such group is software developers , where 88% feel more productive and 74% feel they do more meaningful work. Now is the time for everyone to reap the benefits of Generative AI!

article thumbnail

Demystifying the Scrum Master Role: Beyond the Myths

Scrum.org

In the realm of project collaboration and team dynamics, the role of a Scrum Master is often shrouded in misconceptions. It's a position frequently misunderstood, leading to ineffective practices that hinder, rather than help, team progress. One of the primary myths is the perception of the Scrum Master as the team's boss. This couldn't be further from the truth.

SCRUM 155
article thumbnail

A Change Model for Moving Legacy Systems Into the Cloud

Leading Agile

Technical dependencies often get in the way of companies who are looking to Transform the way they do business. And even when they see an opportunity to modernize their legacy infrastructure, many find that the effort to move to the cloud either isn’t cost effective, or it’s more of a hinderance than it is a benefit. In this video, Mike Cottmeyer sits down with our Managing Director of Consulting to discuss some of the challenges associated with moving your applications to the cloud and what you

article thumbnail

Face Verification: A Powerful Tool for Combating Fraud and Enhancing Safety

Binfire

Client face verification system compares and assesses a person’s facial characteristics using biometric technologies to confirm their identity. The face, head, chin, and eyes are used in this situation to access an application system or service to authenticate the identity. Like a face scanner, it operates. The face authentication system is made to work with a wide range of gadgets and mobile programs.

article thumbnail

From Concepts to Actionable Insights: Powering Digital Transformation Success

Speaker: Ketan Jahagirdar - Sopheon’s Director of Product Management

70% of most digital transformation projects fail. Learn how you can quickly improve that success rate. To be successful, digital transformation involves the strategic application of digitalization to improve a business’ entire system of production, procurement, sales, operations, human resources, and financial management. In short, to basically transform the way a company makes money and delivers value to customers.