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Rough Order of Magnitude (ROM): Understanding ROM Estimates

ProjectManager.com

No one needs to tell you that projects cost money. The closer you can come to an accurate forecast of project costs, the more likely you’ll deliver a successful project. Rough order of magnitude (ROM) can help you better estimate project costs. But what is ROM and how can you calculate ROM estimates?

Estimate 351
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Kanban vs. Scrum: What’s the Difference?

ProjectManager.com

Kanban and scrum are agile project management methodologies that can be used for similar purposes, but each has its unique pros and cons. As a project manager, it’s important to understand the difference between kanban and scrum so you can determine the best approach for your team. What Is Kanban?

SCRUM 412
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Production Capacity: Formula, Examples

ProjectManager.com

Production capacity is an essential metric for manufacturers. It informs their production planning, helps them give their customers more accurate lead times and forecasts cash flow. To better understand production capacity, we’ll define the term and go into greater detail as to its importance in manufacturing.

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Return On Investment Vs Lean Agile Metrics for Strategic PMs

The Strategic Project Manager

There are well-established ways to evaluate investments – and potential projects – for an organization. However, the speed of change has made these methods less reliable – and ushered in a more lean-agile approach to metrics. Traditional financial metrics like ROI (and others to be explored below) are still relevant!

Lean 40
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Useless Agile Metrics

Scrum.org

Learn more about useless agile metrics, from individual velocity to estimation accuracy to utilization rates. ? Comparing velocities may lead to unhealthy competition and encourage teams to inflate estimates, also known as cooking the agile books. Shall I notify you about articles like this one?

Agile 191
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5 Project Management Techniques Every PM Should Know

ProjectManager.com

The world of project management is vast. But the common thread tying this diverse discipline together are the techniques that project managers use to get the job done. Project management techniques make managing projects easier and more effective. Work Breakdown Structure (WBS). Gantt Chart.

Estimate 296
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100+ Project Management Terms: PM Terminology Explained

ProjectManager.com

Everything you need to know about project management terms is here in one list! Plus we’ve added handy links to help you dive deeper into different topics with videos, articles and even our round-up of all resources so you can put these important terms into practice with your projects.