Sat.Jan 07, 2017 - Fri.Jan 13, 2017

article thumbnail

6 Practical Ways to Actually Improve Your Cost Management

Project Risk Coach

PMP Exam Series - Cost Management Think about it for a minute – what have you done in the last six months to improve your cost management? Review the projects you’ve completed in the last year. How many of those projects came in over budget? Consider John, a savvy project manager, who was asked to manage a project to replace a dated network system.

Estimate 210
article thumbnail

Agile project management: A beginner's guide

Moira Alexander

If you're new to project management and the agile methodology, the answers to these 10 questions will arm you with the information you need to get started. And if you're a project management veteran, these frequently asked agile questions are a good refresher. What is agile? Agile is a project management methodology that uses short development cycles called sprints to focus on continuous improvement in the development of a product or service.

Insiders

Sign Up for our Newsletter

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

article thumbnail

2017 Project Management Conferences You Won’t Want To Miss

Rebel’s Guide to PM

If you are looking to attend a project management conference this year, chances are there is something close by that will appeal to you. I’ve compiled this extensive list of conferences both local to me in the UK and around the world. Use this quick link menu to jump to the relevant portion of the year. Make sure you sign up for the free 3-part mini-course on How to Get the Most Out of a Conference before you attend any of these events.

2017 205
article thumbnail

Leadership without impulse

Musings on Project Management

Point: Impulsive and unpredictable are some leader's styles. Such keeps managers -- who revere plans -- off guard and even defensive, but it wreaks havoc on strategy (ever changing) and metrics (rebaselining at every turn). Of course, your competitors may also be constantly off guard. In some businesses (start-ups, sports) and some military situations (See: General George Patton), "impulsive.

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 Puts Manufacturing Teams Ahead: Lean Six Sigma

LiquidPlanner

In any given year, I attend a lot of project management conferences. There are always common themes that come up at these conferences, but these days it seems that you can’t turn around without getting smacked in the face by Lean Six Sigma. It’s everywhere, and it’s not a fad. Lean Six Sigma has been growing up for quite a while now. It’s no longer the new kid on the block.

More Trending

article thumbnail

Project Portfolio Management: Are You Suffering From Resource Allocation Syndrome?

Ganttic

Resource allocation is a good thing, right? You are managing multiple projects at once. On a Monday, after drafting up a general report, you find that while one of your resources is clearly overbooked for the week with tasks from 4 different projects, there is one resource with the same skillset, that doesn’t have any tasks until Thursday. You reallocate the second resource to the projects that the first one is working on and normalize the workload.

article thumbnail

Estimating the Risk

Herding Cats

Risk is everywhere on projects. This risk comes from two types of uncertainty. Aleatory uncertainty, which is the naturally occurring yields variances in the underlying processes. This uncertainty is handled with cost, schedule, and technical performance margins. Epistemic uncertainty comes from probabilistic processes that can be addressed with handling responses.

article thumbnail

Take Control of Your Project Plan Calendar

Wrike

In project management , timing is half the battle. Leaders have to keep all the members of the team on track, hitting their deadlines and constantly making progress toward their shared goals. Getting everything done on time and under budget calls for strategy and forethought, and that’s why you need to maintain a clear project plan calendar. There are many different ways to set up a project planning calendar template, and it’s important for every leader to find an approach that works for their t

article thumbnail

Effective Leadership Skills. Are You Truly A Great Project Leader?

Fix my Project Chaos

Lately on the blog I’ve been exploring the ten skills that employers want from project managers. Effective leadership is one of the key skill that employers expect from project managers. While managing the project (costs, risks, issues, scope etc.) is important, leading the team (including the extended team) to deliver the required outcome is essential.

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

To Jump or not to Jump

The Tao of Project Management

Welcome to 2017 I trust you all have a happy and rewarding year. As usual I will be dripping in my thoughts, meditations and opinions as we go, with a little bit about life (or the continuous learning program as I like to think of it). Speaking of continuous learning, I was contacted by Emily of Master of Project, regarding their training courses. I promised to take a look and I did.

2017 29
article thumbnail

Risk Management

Herding Cats

Risk Management is How Adults Manage Projects - Tim Lister. Risk Management requires making estimates of many things. The uncertainties that create the risk - reducible (Epistemic) and irreducible (Aleatory), the impacts from the risks, the efficacy of the corrective actions, the residual reducible uncertainty, and any changes in the irreducible uncertainties.

article thumbnail

Cut, Cut, Cut: Elimination Strategies To Boost Productivity

Project Management Hacks

Elimination is an underrated productivity strategy we all need to practice. It’s one of the best ways to eliminate that “crazy busy” feeling that make the week feel like a long slog. If elimination is such a great strategy, why isn’t it more popular? There’s a few reasons to consider. First, cultural pressure starting in high school (I have to be well rounded to get into college/university with top grades and “extra-curricular activities”!

article thumbnail

Effective Leadership Skills. Are You Truly A Great Project Leader?

Fix my Project Chaos

Lately on the blog I’ve been exploring the ten skills that employers want from project managers. Effective leadership is one of the key skill that employers expect from project managers. While managing the project (costs, risks, issues, scope etc.) is important, leading the team (including the extended team) to deliver the required outcome is essential.

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

Win Copies of The Myths of Innovation [Giveaway]

Rebel’s Guide to PM

Today I have a great giveaway for you. When I met Scott Berkun in Texas for the Digital PM Summit last year, he kindly signed two copies of his book, The Myths of Innovation, for me to offer as giveaway prizes. Some of you might know that Scott’s first book, Making Things Happen , is one of my all time favourite project management books. The Myths of Innovation is not about project management, but it is a thought-provoking and excellently researched book about creativity and innovation tha

article thumbnail

Economics of Software Development

Herding Cats

Making decisions in the presence of uncertainty with limited resources is the domain of Macro and Micro Economics. Making decisions in resource-limited situations at the national or global scale is macroeconomics. Macroeconomics is the study of how people make decisions influenced by tax rates, interest rates foreign policy, and trade policy. Microeconomics is the study of how people make decisions on a personal scale and treats decisions that individual and organizations make.

article thumbnail

Who does what, when and how…?

Ron Rosenhead

The atmosphere in the room was tense so I decided to intervene and summarised as follows: this group is a mix of project managers and project sponsors. this sponsor workshop is focusing on clarifying roles – role of the project manager and role of the project sponsor alongside steering groups (project boards). it seems that roles are not at all clear – there is too much confusion as to who should be doing what and when.

article thumbnail

Design-build

Musings on Project Management

If you're in the construction industry you probably know about and have experienced "design-build". Notice that there's a word missing after "design", to wit: competitive bidding. Ooops, a typo? No, there is a body of knowledge around this that says that it's faster-cheaper for the same quality to go "design-build" than "design-competitve bid-build".

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

7 Essential Project Management Skills for 2017

The Digital Project Manager

If you’ve started the year and committed to upping your project management skills to be a better project manager, what project management skills are the. The post 7 Essential Project Management Skills for 2017 appeared first on The Digital Project Manager.

2017 128
article thumbnail

Cone of Uncertainty

Herding Cats

The notion of the Cone of Uncertainty has been around for awhile. Barry Boehm's work in “Software Engineering Economics”. Prentice-Hall, 1981. The poster below is from Steve McConnell's site and makes several things clear. The Cone is a project management framework describing the uncertainty aspects of estimates or any other project attribute. Estimates of cost, schedule, technical performance on the left have a lower probability of being precise and accurate than estimates on the right.

article thumbnail

What is Risk Management: Staying on top of the Risks in your projects

Runrun.it

Through our lives both professionally and personal we constantly run into little hiccups that we did not see coming. Maybe you put off paying those toll tickets and years later, you get a letter in the mail for over a thousand dollars! Yikes! Alternatively, lets take a look at the IBM Mega Disaster when in […]. The post What is Risk Management: Staying on top of the Risks in your projects appeared first on For Managers | Personal Development Hacks.

article thumbnail

Here's How We Manage Our Editorial Calendar with TeamGantt | TeamGantt Blog

TeamGantt

Can content marketing teams use TeamGantt to manage their editorial content? Here's a sneak peek at how we at TeamGantt manage our own PM blog.

84
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

Case Study – How to Boost the Employees Engagement and Improve Your Business?

TimeCamp

As promised in this article from the previous week, we are continuing with the topic of case studies. Case Study is an analysis of a particular case usually performed inside the company that allows the researchers to draw conclusions about the employees’ performance, or market, technical, social, and cultural conditions (and more.) The purpose of conducting […].

50
article thumbnail

Quote of the Day

Herding Cats

Overheard on Twitter. The Start of a Project Is the Worst Time to Estimate Its Duration or Cost. This is only the case if those you've hired know nothing about what capabilities are needed to produce value the project, what Features are needed to produce that Value, when those Value-producing Features are needed to meet the time cost of value payback process, what risks there are for meeting those value producing outcomes, and how the work effort to produce that value are to be measured (physica

article thumbnail

5 Ways to Build Innovation into your Project Team

Hydra

{socialbuttons}. Innovation cannot happen without a project manager who recognises that change is part of a process. Here’s how you can build innovation into your project team.

article thumbnail

Gantt Chart is the right tool for tracking all projects even Agile

Binfire

There are many project management methodologies in use today. All have different ways of managing projects and each fit certain projects based on size or complexity. They use different tools and methods to plan a project and track it during project life cycle. One tool every project manager should use regardless of the methodology used to manage the project, is the Gnatt Chart.

Agile 87
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.