MPUG

JANUARY 8, 2024

The solution, of course, is estimating. There is a whole science to estimation, and it would be possible to go very deeply into this. But before we start, let’s tackle the Estimation Elephant in the Room…. The estimation techniques they use are a deliberate trade-off between speed and accuracy.

Estimate 52

Estimate Technical Review Risk Management Agile 52

Rebel’s Guide to PM

JULY 20, 2023

A Guide to the Project Management Body of Knowledge (also known as the PMBOK® Guide -- 7th Edition) is core reading as prep for PMI exams. See on Amazon We earn a commission if you click this link and make a purchase, at no additional cost to you #ad 07/19/2023 01:40 pm GMT But what if you don’t use PMI methods?

Logistics 258

Logistics Artificial Inteligence PMI Performance Measurement 258

MPUG

SEPTEMBER 4, 2023

In this article, we’re addressing a common question in modern project management: Do we need risk management in agile projects? Do agile projects have risks associated with them? And do we want to let those risks run wild without any effort to contain them? So, yes, of course, we need risk management in agile projects.

Risk Management 98

Risk Management Risk Agile Technical Review 98

NimbleWork

NOVEMBER 30, 2023

This year, we participated in the Project Management Institute’s annual PMI Summit, held in Atlanta. In our estimate, at least 50-60% of the people we spoke to said that their organizations were Hybrid Agile organizations. The post Lessons from the PMI Summit 2023 appeared first on Nimblework.

PMI 52

PMI 2023 Technical Review PMO 52

LiquidPlanner

AUGUST 14, 2018

PMI requires this for PMP holders through their Continuing Certification Requirements Program and you could easily find yourself paying for additional courses and materials to keep up. To learn more about how to master the Art of Estimation, download our eBook, “ 6 Best Practices for Accurate Project Estimates.”

Certification 910

Certification Estimate Infrastructure Manufacturing 910

ProjectManager.com

NOVEMBER 27, 2019

It is a set of standard terminology and guidelines for project management published and updated by The Project Management Institute (PMI). This is anything from a sentence to a bulleted list that is comprehensive to reduce major project risks. With the tasks now sequenced, the resources required for each must be estimated and assigned.

Risk Management 496

Risk Management Monitoring Controlling Technical Review 496

ProjectManager.com

AUGUST 22, 2023

Project budgets are estimated by project managers and then approved by the project client or stakeholders. Risk Management A project risk is an unexpected event, which can be positive or negative. Risks are identified, a plan of action is devised and the impact and likelihood of the risk occurring are determined.

Certification 357

Certification Leadership Risk Management Budget 357

Rebel’s Guide to PM

SEPTEMBER 14, 2021

This is a guest article by Brantlee Underhill, Managing Director, PMI, North America. By McKinsey & Company’s estimates, this equates to a potential of three months of learning loss in math and one-in-a-half months of learning loss in reading. Project Management Institute (PMI) understands this urgent need. Kickoff from PMI.

PMI 404

PMI 2020 Executing Initiating 404

Rebel’s Guide to PM

FEBRUARY 20, 2022

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? What is Ethics in Project Management?

Underperforming Technical Team 424

Underperforming Technical Team PMI Risk Management Estimate 424

ProjectManager.com

AUGUST 23, 2023

PMI offers PMP certification, but also PRINCE2 Practitioner, though this methodology is mostly found in the UK. They develop strategies, develop IT risk management plans and maintain schedules and budgets. They also work towards reducing risk and provide status reports to clients.

Manufacturing 294

Manufacturing Construction Certification Prince2 294

Techno-PM

MARCH 16, 2022

What is the PMI-ACP Certification? PMI-ACP Certification is a professional certification offered by PMI. The PMI-ACP Certification is a professional certification designed to help project managers with their day-to-day tasks. Who should apply for PMI-ACP® Certification? How Do You Obtain Your PMI-ACP Certification?

PMI 36

PMI Certification Software Review Technical Review 36

Rebel’s Guide to PM

OCTOBER 26, 2020

LeRoy Ward, PMP , PgMP, and PMI Eric Jenett Project Management Excellence Award winner, when I asked him for his view. Work out the end date ignoring the fixed delivery date, even if you do have to crash your analysis time into a shorter period and use estimates with a greater degree of uncertainty than normal. But now what?

Telecoms 476

Telecoms 2010 Estimate Prince2 476

ProjectManager.com

JUNE 15, 2021

There are two major certifying bodies, PRINCE2 and the Project Management Institute (PMI). Here are the main project management certifications offered by the PMI: Project Management Professional (PMP): This certifies that you’re a capable project manager who is competent in waterfall and agile project management. Risk Management.

Certification 434

Certification Prince2 Monitoring PMI 434

Rebel’s Guide to PM

MARCH 4, 2019

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. Resource estimation is always tricky.

Software Review 312

Software Review Prince2 PMI Estimate 312

Project Risk Coach

MAY 21, 2018

Work Breakdown Structure Dictionary – provide the detailed information about the deliverables, activities, cost estimates, and scheduling information for each item in the WBS. Subsidiary Project Plans The Project Management Institute (PMI) highlights ten Knowledge Areas. Schedule Baseline – approved version of the schedule.

Underperforming Technical Team 220

Underperforming Technical Team Planning Project Life Cycle PMI 220

The IIL Blog

OCTOBER 17, 2023

Bottom-up Estimating A project estimation technique that leverages tactical-level team members/subject matter experts (SMEs) to break down tasks into smaller components to create a more accurate estimate. Risk Assessment An evaluation of potential risks to a project, including their probability and impact.

Development Team Review 148

Development Team Review Project Life Cycle Underperforming Technical Team Estimate 148

Rebel’s Guide to PM

SEPTEMBER 14, 2020

These are laid out in a research paper from PMI *. If they have any supporting materials (like quotes or estimates for the work that needs to be done) that might help the analysis, ask for those too. The change log is like a risk or issue log and in its simplest form is a document where changes and activities are written down.

Underperforming Technical Team 457

Underperforming Technical Team 2009 Controlling Risk Management 457

Rebel’s Guide to PM

MARCH 23, 2023

In other words, if you are finding that the ‘guess how long a task takes’ school of estimating and project planning isn’t working out for you, then this course will quickly help you up your game. It covers cost control, work breakdown structures, schedule risk analysis, cost risk analysis: these are weighty topics.

Technical Review 471

Technical Review Planning Certification Risk Management 471

Rebel’s Guide to PM

SEPTEMBER 29, 2021

In the PMI Business Analysis Practice Standard, business analysis is defined like this: The set of activities performed to identify the business need and recommend relevant solutions; and to elicit, document, and manage requirements. The responsibilities of a BA and PM on a project. What does a business analyst do? Interpersonal skills.

Certification 405

Certification 2020 PMI 2013 405

Online PM Courses

NOVEMBER 4, 2018

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?

PMI 74

PMI Technical Review Certification 2027 74

ProjectManager.com

NOVEMBER 19, 2021

To begin, let’s look at the five project management process groups defined in the Project Management Book of Knowledge (PMBOK), published by the Project Management Institute (PMI), the leading industry trade group. The business case includes the estimated costs and benefits of the project. Risk control. Project risk management.

Process 307

Process Monitoring Controlling Software Review 307

ProjectManager.com

JANUARY 26, 2022

You’ll also want to bring up risks and other issues that might impact the engagement. You also estimate the project budget at this time. Finally, you must create a communication plan and a risk management plan. Risk Register Template. When that has been decided, agree on a billing arrangement. Project Planning.

Software Review 309

Software Review Certification Risk Management Monitoring 309

Workamajig

JUNE 7, 2018

Every project has some risk of failure. This guide on project risk management will help you understand and manage risks better. If there is one thing you can be certain about in project management, it's this: Every project carries some risk. In this guide, I'll share X critical tips for acing project risk management.

Risk Management 90

Risk Management Risk 2008 Budget 90

Rebel’s Guide to PM

JANUARY 23, 2022

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.” Not surprisingly for companies in the much larger United States, workplace bullying-related costs are estimated to be over $200 billion. Be courageous but sensible.

Underperforming Technical Team 195

Underperforming Technical Team Influencer PMI PMO 195

International Institute for Learning

SEPTEMBER 8, 2022

PMI has become and continues to be the leading professional association in project management. Active or Retired Military please reach out to VPProfDevelopment@PMI-Metrolina.org for information on discounted prices. Estimating and Applying Points with Agile – How to apply, and when is it done? Earn up to 10 PDU’s.

2022 87

2022 Underperforming Technical Team PMI Project Life Cycle 87

Rebel’s Guide to PM

JANUARY 31, 2024

The ISO 9001 definition is very similar to APM’s, as is the definition in the PMI PMBOK ®. Make sure that you are thinking realistically about estimates and the likelihood of risk affecting your ability to deliver. You can create your own definition if you want, but “fit for purpose” works for us.

Software Review 332

Software Review Technical Review Budget Defining 332

MPUG

APRIL 2, 2024

What is a Project The Project Management Institutes (PMI) PMBOK defines a project is “a temporary endeavor undertaken to create a unique product, service or result.” The project manager will also need to manage assumptions and risks related to the project. The project manager will also want to identify project constraints.

Certification 52

Certification PMI Logistics Construction 52

LiquidPlanner

FEBRUARY 1, 2023

Robust agile estimation methods can improve quality by 250%. That’s largely down to consistent use of user stories, story points and breaking down stories into tasks with hour-based estimates. The work to estimate effectively requires teams to know a lot about what the task actually is.

Agile 174

Agile Cadence Estimate Risk Management 174

LiquidPlanner

JULY 26, 2022

PMI calls this the Project Economy, and McKinsey expects the world to see an investment of $130 trillion in infrastructure upgrades alone over the next five years. . PMI calls these ‘gymnastic’ organizations because they can pivot when needed and focus on outcomes by tailoring the process to work the way it needs to every time. .

PMI 166

PMI Infrastructure Risk Management Engineering 166

Kiron Bondale

DECEMBER 9, 2018

While I’m sure PMI and other project management associations have researched this thoroughly, I felt this would be a good topic for an article. Organization policies or standards might require that projects exceeding a given estimated total cost or those that are over a certain level of complexity must have a project manager assigned.

PMI 252

PMI Risk Management Estimate Risk 252

MPUG

OCTOBER 31, 2022

The biggest risk in any project is not to act on the risks in a projec t. – From the Book, I Want to Be A PMI-RMP. Therefore, risk management is a dedicated area of expertise. In addition, the PMBOK Guide, 7 th edition, reference source for the PMI-RMP exam, now has a dedicated risk principle.

2022 59

2022 PMI Certification Risk Management 59

MPUG

APRIL 29, 2020

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. Oliver: Thank you Kyle.

Estimate 52

Estimate Software Review Risk Management Risk 52

MPUG

APRIL 3, 2022

The Project Management Institute (PMI) has gone through quite the metamorphosis over the past few years, positioning itself once again as one of the top authorities on how project management is practiced. I honestly believe PMI is heading in the right direction with this edition and I’m excited to see where it takes them in the next.

PMI 111

PMI 2021 Defining Engineering 111

LiquidPlanner

JANUARY 26, 2022

Or it could be a first-time project where estimating how long each phase will really take is hard work. Estimate work and share the schedule. Start by providing a schedule that includes thoughtful estimates for everyone’s work— by the people doing the work. Encourage teams to estimate their projects as realistically as possible.

Manufacturing 155

Manufacturing Technical Review Estimate Project Life Cycle 155

Herding Cats

FEBRUARY 8, 2019

Risk Management starts with a collection of risks. Their probability of occurrence, the probability the risk will unfavorably impact the project. Then some risk handling process is needed to reduce the impact of the risk, or reduce the probability that the risk will occur. Uncertainty comes in only to form.

Risk 35

Risk PMI Risk Management Estimate 35

The IIL Blog

JULY 12, 2023

There are 12 project management principles that address the following concepts: Stewardship Team Stakeholders Value Systems Thinking Leadership Tailoring Quality Complexity Risk Adaptability and Resilience Change Each principle has a label and the principle statement. For example, the principle label for Value is “Focus on Value”.

2009 148

2009 PMI 2018 2023 148

International Institute for Learning

FEBRUARY 8, 2023

Even with these powerful tools, only about half of all projects are completed on time, as reported in the PMI Pulse of the Profession.® Work packages are small deliverables that are assignable and estimable. Estimate the time needed to execute each task. It is possible to estimate each task’s resource needs and effort.

Underperforming Technical Team 59

Underperforming Technical Team PMI Estimate Construction 59