The PMI Talent Triangle: A Guide [for members and non-members]

Online PM Courses

The PMI Talent Triangle is a simple tool that reminds us all about the value of a broad range of professional skills. The most succinct – and possibly best known – articulation of that full range of capabilities is the PMI’s Project Management Talent Triangle. Just a Moment… Who or What is the PMI? If you don’t know who or what the Project Management Institute (PMI) is, take a look at this video before reading on. Influencing.

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Webinar Recap: PMI PMBOK Guide 7th Edition Standard – What’s New?

MPUG

Please find below a transcription of the audio portion of Satya Narayan Dash’s PMI PMBOK Guide 7th Edition Standard – What’s New? Kyle: Hello everyone, and welcome to today’s MPUG webinar, What’s New With PMI PMBOK Guide’s 7th Edition Standard. This is PMI lingo.

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Webinar Recap: Analogous and Parametric Estimating Schedule Template

MPUG

Please find below a transcription of the audio portion of Oliver Gildersleeve’s Analogous and Parametric Estimating Schedule Template webinar being provided by MPUG for the convenience of our members. The new schedule template covers both analogous and parametric estimating features.

Creating a Risk-Adjusted Backlog

Leading Answers

While profit is not their goal, usually an economic impact figure can be estimated for the outcomes they aim to achieve. Then, in 2012 I presented a collection of Collaborative Games for Risk Management  at the Agile 2012 Conference in Dallas and PMI Global Congress in Vancouver. After

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PMP interview Questions

iZenBridge

What are organizational influences? What are different cost estimation techniques? Did you involved in make or buy decision and end up with wrong estimation? Domain Based. What is a baseline, how is it use while creating project management plan? Explain with examples. What is a project charter? Is project manager involved in the creation of a project charter? What is a project, how is it different from a program, and a portfolio?

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A Compendium of Works to Increase the Probability of Project Success

Herding Cats

Five Immutable Principles of Project Success , PMI Spring Seminar, 2021, Austin TX. Five Principles of Project Success , PMI, Northern Utah Chapter, Professional Development Day, 2012. Applying Deliverables Based Planning ® To Increase Our Probability of Success , PMI Fort Worth, Chapter Meeting, 15 July 2010. Establishing the Performance Measurement Baseline , PMI, Northen Utah Chapter, Professional Development Day, 2012. Basis of Estimate Process.

2008 45

Compendium of Works to Increase Probability of Project Success

Herding Cats

But each method needs to be based on 5 Immutable principles to be successful, no matter the domain or context, PMI Spring Seminar , 2012, Austin TX. Five Immutable Principles of Digital Transformation Project Success - PMI San Diego Chapter , 11 July 2018. Successful Digital Transformation Starts with a well defined Executable Strategy for Success - PMI San Diego Chapter , 11 July 2018. PMI Lakeshore Ontario Chapter , 27 October 2018. PMI Workshops and Conferences.

2015 37

How to Build a Robust Project Risk Culture [8 Steps]

Online PM Courses

Some of my readers may hope to influence the risk culture of their whole organization. And the process for creating a robust risk management culture within your project can apply equally if you get a chance to influence your wider organization. This will hep you improve your budget and schedule estimates, and therefore reduceover-runs. A robust risk culture goes beyond having a strong basic risk management process.

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New PM: The What?, Why?, and How? of Project Charters

Leading Answers

The most common source of late project completions is not poor estimating or a lack of risk management, it is late starts. They may also have been terrible at estimating and blind to common threats, but late starts are very common. The uncertainty associated with our estimates needs to be reflected (to some degree) in our schedule. This is important—the scope of people who may influence development is wide. Agile Project Management Estimating Planning Risk Management

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The Truth about Bullying in Project Management

Rebel’s Guide to PM

The PMI Code of Ethics and Professional Conduct included as part of the standard for Responsibility the statement: “We report any illegal or unethical conduct.” That may give you an opportunity of influence outside the unit. This is a guest article by Paul Pelletier, LL.B.,

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7 Ethics Tips For Project Managers

Rebel’s Guide to PM

It’s probably fairer and less controversial to say that it was ‘estimated’ rather than created totally randomly from scratch. But she was worried that other people were interpreting the estimate as definite fact. What is the PMI Code of Ethics and Professional Conduct?

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Project Manager or Project Leader? What’s the Difference?

Online PM Courses

And then there’s the PMI Talent Triangle. If you’re a PMI member, you need to hoe your craft in three dimensions: Technical: the core skills of Project Management. You also need to be an excellent communicator, able to: forge strong relationships, motivate people to play their part in your project, secure collaboration and co-operation, influence stakeholders at all levels, and. Simply, we can compare the list of examples PMI offers in its Talent Triangle flyer.

2018 66

Clear Project Brief (10 Things to Include)

Online PM Courses

What are the Outside Influences you need to be Aware of? Although a full budget is rarely an essential part of your Project Brief (it’s too early for that), you will need to give an estimate of the resources you require. PMI Talent Triangle: Technical Project Management Project Definition assumptions constraints dependencies exclusions project brief quality resources scope specifications Stakeholders Time-Cost-Quality Triangle

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Resource Management in Projects: The Ultimate Guide

Rebel’s Guide to PM

You might want to take this even further and document exactly how you are going to estimate how much time resources will be required for, how you are going to ‘win’ scarce resources, and what risks you might face around securing the resources. Step 2: Estimate Resource Requirements. In this step, you estimate what their commitment needs to be. Now you need to do the negotiating, influencing, badgering to get the people and other resources you need at the times you need them.

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Beginner’s Guide to Project Management Process

iZenBridge

They may also exert influence over the project and its result. Defines Human Resource and Cost estimates. The Project Manager must Estimate approximate cost involved in Project Work. Project cost estimation involves estimation of: Labor Cost. Along with Human Resources, Resource management also involves planning, estimating, acquiring and controlling other physical equipment and Space required for performing the project tasks. Estimates.

The 18 Most Influential People in Project Management

ProjectManager.com

These 18 project management professionals, in particular, have established themselves as thought leaders and influencers. Project Box’s clients include well-known companies like the Project Management Institute (PMI) , Accenture and Psychology Today. Each of these project management influencers reached the pinnacle of their profession through a combination of thought leadership, online presence and using the right tools to get the job done every time.

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14 Common Project Risks (+ more)

Rebel’s Guide to PM

The PMI definition of risk is: “an uncertain event or condition that, if it occurs, has a positive or negative effect on a project’s objectives.”. As such, you may have a bit more influence on these if appropriate actions are taken early. Poor estimating. Risks matter.

How to Manage Project Scope Without Scope Creep (with examples)

Rebel’s Guide to PM

These are laid out in a research paper from PMI *. Change control or change management is the process of managing unplanned but desired influences on the project. Paper presented at PMI® Global Congress 2009—North America, Orlando, FL.

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Project Management Trends [2022]

Rebel’s Guide to PM

Reimagine the must-have project management skills,” says Brantlee Underhill, Managing Director, North America, Project Management Institute (PMI). In 2021, Cisco estimated that 82% of consumer internet traffic was video.

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Top 11 Cities for Project Management

Rebel’s Guide to PM

The average salary for a project manager in the USA is US$116,000, the highest of all the countries in this list, and according to the PMI Salary Survey, second only to pay in Switzerland. Source: PMI; figures relate to country).

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Stakeholder Engagement for Your Project Success

Epicflow Blog

Here’s how PMI researchers describe stakeholders: “… An individual, group, or organization who may affect, be affected by, or perceive itself to be affected by a decision, activity, or outcome of a project, program, or portfolio”.

2020 83

Radio Show Transcript - The Man Who Changed My Career - Rob Thomsett - Recorded March 23, 2018

PM That Works

So no projects especially in you know what I call now traditional project manager which has its roots back in construction engineering project management people and tree projects as a system which was you know let's get right let's get the estimates right and let's sort of hunker down and execute and just deliver. I think that was influenced by you as well. Agile costa rica john maxwell john stenbeck leadership pmi pmp project management radical rick a.

2018 40

So what’s in your company’s project management dictionary?

Kiron Bondale

Let’s consider a team’s degree of confidence in its estimates. A project funding policy might require that team submitting detailed estimates should have a confidence of ±5% but what does that really mean? PMI and other associations have provided criteria for differentiating projects from other activities (e.g. But simply translating risk probability from words to percentage values won’t help as our biases would continue to influence our assessments.

2016 148

Overview of the PMBOK® Guide Seventh Edition – Lesson 2 Transcription

MPUG

Today’s PMI activity code is on the screen. What are the internal and external factors that influence projects and the delivery of value? In which case the idea was that PMI wanted to move from being a process prescriptive that is guide to be more of a principle driven guide.

2022 56

How To Motivate Your Project Team

Rebel’s Guide to PM

Modelling is the reason we don’t want our children to hang out with “the wrong sort of influence” and it is the reason we want them to hang out with “the right sort of people”. We have so much material about what processes to use, and yet it is estimated that 70% – and possibly as much as 81% – of project success depends on the human side of projects. The courses are all eligible for PMI PDUs which is great!

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Top 8 Challenges All Project Managers Face at Work

PM Basics

You need to manage people, but you don’t have influence or authority over them. You can’t get accurate estimates if you don’t manage this flow of information. The exam for PMI’s PMP is tough. In the previous email, I shared the truth about being a project manager.

2021 94

Industry, Product, and Technical Knowledge: What Makes a Project Manager an Expert?

Epicflow Blog

According to PMI’s Pulse of Profession with 4,455 project professionals engaged, the biggest number of PMs work in the IT and the financial services sectors. PMs can use this knowledge to estimate the time needed for accomplishing tasks, order them, and allocate resources adequately.

2020 85

Part II: A Simplified Approach to Determine IT Project Complexity

PM Times

Much credit should be given to organizations like the PMI Institute. Not only were they able to evaluate complexity, but they also used the data to estimate resources and project duration in a matter of minutes. Written by: Conrad MacCue Abstract.

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Vendor Showcase Recap: Making Light Work of Schedule Risk Analysis – By Barbecana

MPUG

Kyle: Today’s session is eligible for one PMI PDU in the technical category, and the MPUG activity code for claiming the session with PMI is on the screen now. John Owen: First, let’s talk about the estimates that we’re using in our schedule.

Vendor Showcase Recap: Making Light Work of Schedule Risk Analysis – By Barbecana

MPUG

Kyle: Today’s session is eligible for one PMI PDU in the technical category, and the MPUG activity code for claiming the session with PMI is on the screen now. John Owen: First, let’s talk about the estimates that we’re using in our schedule.

The 23 Best Project Management Books For Upgrading Your Career in 2020

Planio

Influence: The Psychology of Persuasion. Author: The Project Management Institute (PMI). If you’re also interested in Agile project management, pair the PMBOK with the PMI’s new Agile Practice Guide or our own Guide on How to Pick the Software Development Process that’s Right For you.

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The Human Side of Project Management: How to Deal with Behavioral Aspects Affecting Your Success

Epicflow Blog

Unrealistic expectations can be caused by the absence of planning, estimations (time or budget), communication or their inadequacy. According to PMI, one of five projects fails due to improper communication or its lack. Don’t estimate the duration of tasks.

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Simplifying Schedule Risk Analysis Using Microsoft Project Custom Fields – Transcription

MPUG

Unfortunately, many projects to the detriment of the people executing them, are delivered late and it’s not usually anything to do with estimating or project execution. It’s got nothing to do with poor estimating, poor execution or even risks that occurred or did not occur. John Owen: The PMI has a term for the difference between those two dates. It took 660% of the estimated duration. 33% of our estimates were spot on. times the estimated duration.

Top Solutions to Project Failure – Epicflow Research Part 2

Epicflow Blog

Ghaith Al-Werikat , a KTP Associate at Galliford Try and an academic at Loughborough University, also talks about the involvement of stakeholders and their influence on project success: “In order to come out with solutions, stakeholders need to understand the root causes of failure and not stop at the symptoms to provide proactive measures to manage projects.”. Discussion in PMI Project, Program and Portfolio Management.

2019 63

What Is Cost Overrun? How to Prevent It

Wrike

With about 28% of projects failing due to imprecise cost estimates, it’s clear that your project plan deserves time and attention. Technical reasons including erroneous estimates or incorrect data gathering. Inaccurate project estimates.

The #1 Challenge in Project Management (According to the Experts)

MavenLink

Through some structured and yet open conversations (led by some key statistics from outside expert sources, such as Gartner, KPMG and PMI), the discussion flowed and a small number of actions were agreed on to move the needle on professional sponsorship. In 2016, TimeCamp named him as one of the top 123 Top Influencers in the Project Management Industry. The root cause often lies in two points: ineffective estimation at the start or poor project governance regarding changes.

2017 93

5 Reasons Engineers Need to Develop Project Management Skills

LiquidPlanner

Project Management Institute’s (PMI) 2016 report The High Cost of Low Performance: How will you improve business results? Because engineering projects aren’t just about technical issues and rational factors, they are often more heavily influenced by non-technical and emotional factors. According to the PMI’s report I cited earlier, 32% of assessed projects experienced scope creep, 47% were over budget, and 51% were late.

Building X-Shaped Project Management Skills: A Complete How-To

Workamajig

A s PMI writes , "leaders innovate; managers administer". They have a wide circle of influence and can access resources across the organization to move the project to completion. They can read patterns and estimate the odds of something going wrong. What are the most important project management skills? Does project management follow a T-shaped or X-shaped skill pattern? This guide will answer these questions, and more.

All About…Project Manager Nomads

MPUG

A myriad of new global opportunities, upgrades to technology, deepening social and cultural connections, and the availability of cheap international travel fares were all factors that influenced my decision to go where the work was, instead of letting the work come to me. The Economist estimates that there are currently millions of people working nomadically, and that this figure could rise to a billion by 2035. The Day I Knew I Was One….

2019 74

Knowing PMP® Exam ITTO (Inputs, Tools, Techniques and Outputs) – PMBOK® Guide

iZenBridge

how the project is performing against cost and schedule estimates. As it comes from the organization environment and influences the project execution. Only a few direct questions come on the direct ITTO part as PMI focus on conceptual understanding.

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