Sat.Apr 02, 2016 - Fri.Apr 08, 2016

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How to Actually Make and Execute Better Decisions

Project Risk Coach

Our lives are the sum total of all the decisions we’ve made – financial decisions, health decisions, whether to marry or not to marry, whether or not to have children, and where to work. My goal today is to help you make better project decisions. Here’s why — individuals, teams, departments, and organizations who make better decisions improve their chance for success.

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How To Take Over An Existing Project [Free Checklist]

Rebel’s Guide to PM

Consider this. You’ve recently taken over a project that has already started. Your handover hasn’t been that great. The previous project manager might have moved on to do something else and you’ve got the project as part of an internal reshuffle of resources. Or they might have left the company. Either way, you’ve got a team waiting on your direction.

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Release by sprint or capability?

Musings on Project Management

One of the Agile paradigm shifts from the "way we've always done it" is to shift release planning to either fixed calendar points -- at the end of one or more sprints, but typically three or more -- or when capability needed by the business is "done" In an interesting posting, here, the first idea is given the moniker "cadence release"; the latter "capabilities release".

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How to pick the best requirements management tool

Moira Alexander

What is requirements management (RM), anyway? During any project or significant business undertaking, RM is a complex, comprehensive and iterative business analysis process defining business-related needs that involve the following actions: Identifying. Documenting. Analyzing. Prioritizing. Tracking. Monitoring. Controlling change. Tracing. Versioning.

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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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Seven Ways to Respond to Your Greatest Risks

Project Risk Coach

You and I encounter risks every day. Sometimes we actively respond; other times we passively accept the risk. Our decisions have consequences, moving us closer to success or creating greater uncertainty. Photo courtesy of Adobe Stock. Consider the following personal risks and responses: You feel a headache coming on. You take an aspirin. Your teenager has another fender bender.

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Weight of evidence

Musings on Project Management

If you are into risk assessments, you may find yourself evaluating the data Evaluating the data usually means testing its applicability with a hypothesis. The process usually cited in project management chapters about risk is this: A hypothesis is formed. And then the evidence against the hypothesis—observable data—is evaluated. If the evidence.

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Constrain first or constrain last when populating a project portfolio?

Kiron Bondale

The essence of portfolio management is deriving the best possible outcome for the organization given that there are finite resources such as funding, time or capacity of skilled staff. These constraints will limit how much value can be realized hence the criticality of identifying the right set of projects to optimally consume resources such that there is neither over nor underutilization.

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How to fast-track your team member’s growth

Susanne Madsen

I often come across managers who say that they would like to develop their team members’ skills – but that they struggle to find the time to do so. Ideally they would like to have one-to-one sessions with people, teaching them not only business and management skills, but also presentation skills and increasing their confidence in the process.

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Improved project billing, planning and price estimates

Paymo App

Starting today, there will be three types of projects in Paymo (by billing type): Time & Materials – these are generally used for service contracts or any other type of work in which the client agrees to pay the contractor based upon the time spent to perform the work, and for materials/expenses incurred during the project. Flat rate – used when the client agrees to pay the contractor a lump sum for fulfillment of the project (no matter how much time is spent in order to deliver

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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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Prepare for the Unknown: AKA Risk Management

PMStudent

Accept the fact that your project plans will change. Risks that become a reality are a type of change that you will experience. Move forward confidently knowing that you will have a plan.

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Process Improvement In the Second Grade

Herding Cats

Our daughter is an elementary school teacher in Austin - and a Graduate student at UT Austin in the Board Certified Behavioral Analyst program. When I hear about some corrective action to an unnamed cause - not the symptom but the cause - like estimates are the smell of dysfunction, I think of a chart she has hanging in her room for her students, where they are learning critical thinking skills they will need in life. .

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Podcast 79 – How to manage a team of project managers

Fix my Project Chaos

Let’s talk about: how to manage a team of project managers In this podcast, Julie Goff, a very experienced leader of teams of Project Managers, speaks with me about how to successfully manage a team of project managers. Julie is a senior project and program manager with CPPD certification and Prince2 training and experience, acknowledged for […].

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Failure modes

Musings on Project Management

How do we fail? Let me count the ways In the beginning, say the first Egyptian pyramid project, failure wasn't even talked about. If it happened, you just disappeared, and someone took your place -- properly incentivized not to repeat your experience Advance a few millenniums and we arrive at "Failure is Not an Option". In this model, something -- anything -- that yields a strategically.

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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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Vision Without Execution Is Hallucination [Video]

Project Risk Coach

If you can’t see this video in your RSS reader or email, then click here. What tips do you have to help project managers explain the WHY of their projects? The post Vision Without Execution Is Hallucination [Video] appeared first on.

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Systems Engineering and Software Intensive System of Systems

Herding Cats

There was a Twitter post mentioning Russell Ackoff YouTube about systems. A system is never the sum of its parts, it's the product of their interactions. This is a good start, but it needs to produce actionable outcomes , not just principles, but practices and processes. How do you define, design, represent, assess, analyze, and manage these interactions.

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Should a sponsor be able to delegate?

Ron Rosenhead

This was a question that set me thinking. However, let me give you some background. I was with a client and I met two senior managers who set the context for some upcoming sponsor workshops. I then met around 40 people – some team members, a mix of project managers and project sponsors to identify: perceptions project managers and staff have of project sponsors. what project sponsorship is like at the moment – current practice(s). what people would like to see in a project sponsor workshop.

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Should You Use Music in Your Video?

TeamGantt

The story is solid, the visuals look great but it's missing some emotion. Cue the music.

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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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CIO Review Features Function Point’s CEO, Chris Wilson

Function Point

Next month in CIO Review, Chris Wilson, CEO & President of Function Point Productivity Software, shares his knowledge on methods to mitigate business challenges in the project resource management software industry. Wilson explores how the company’s two most pressing problems—standing out in an intensely competitive sector, and securing staff in the fast-paced, high tech world—can be addressed to ensure profitability.

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Best Way to Determine PMP Exam Passing Score

PM by PM

PMP Passing Score – Part II How do you know that you are ready for the PMP Exam? Simple answer. You should consider yourself ready for the exam, if you are scoring well in the practice tests. In my previous article, we discussed about PMP Exam passing score. We already know that the exam does […]. The post Best Way to Determine PMP Exam Passing Score appeared first on PM-by-PM.

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March’s Giveaway Winner

Rebel’s Guide to PM

If you’re reading this and I haven’t been in touch, then sorry – it’s not you. The winner for copies of The Single-Minded Project and Project Ethics has now been drawn and the winner has been drawn. This time our winner wants to remain anonymous so I can’t tell you who they are, but rest assured that it’s a real person and the books have been posted off!

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Uitsmijter’s Revenge

EarthPM

If you want to figure out what that title means… you’ll have to visit the post below… It has something to do with food… and energy… and project management. Enjoy! [link].

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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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CIO Review Features Function Point’s CEO, Chris Wilson

Function Point

Next month in CIO Review, Chris Wilson, CEO & President of Function Point Productivity Software, shares his knowledge on methods to mitigate business challenges in the project resource management software industry. Wilson explores how the company’s two most pressing problems—standing out in an intensely competitive sector, and securing staff in the fast-paced, high tech world—can be addressed to ensure profitability.

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13 Reasons to Invest in a Paid PMP Practice Exam

PM by PM

Free OR Paid PMP Practice Exam? You must be wondering if there are so many free sources for PMP practice exams, why I should invest in a paid exam. Your dilemma is absolutely understandable. In fact, I have written a post that has a compilation of 3000+ PMP practice questions. Some free exams are very […]. The post 13 Reasons to Invest in a Paid PMP Practice Exam appeared first on PM-by-PM.

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Is Macroeconomics and Social Science the Same as Software Development?

Herding Cats

There a popular notions in the agile development world that authors like Hayek and Taleb speak to how software development works. Let's look at one example. You Can’t Understand Agile Without Understanding Hayek. Let's look at Hayek's paper. " The Use of Knowledge in Society ," F. A. Hayek , The American Economic Review , Vol. 35, No. 4, September 1945, pp. 519-530.