Project Pulse Journal

NOVEMBER 24, 2023

By: Dr. Michael Shick, MSPM, PMP, CSM Are you a project manager struggling to predict the risks in your projects accurately during planning? This is where Monte Carlo Simulation transforms the art of project risk management into a more precise science, as part of quantitative risk analysis.

Risk Management 52

Risk Management Risk Engineering Estimate 52

ProjectManager.com

AUGUST 17, 2022

The project manager is on the ground, running the team and keeping the daily operations of a project running smoothly. But who looks after the project manager? In project management, that position is called a project director. Project management tends to be a hierarchical methodology that has numerous tiers of command.

Finance 284

Finance Monitoring Technical Review Software Review 284

Rebel’s Guide to PM

MARCH 20, 2022

Managing international project teams requires cultural sensitivity and an awareness of what makes us different — and the same. Many of us do manage international teams now. Having an open mind about the challenges of managing an international project is essential. That can be hard for senior managers to accept.

Underperforming Technical Team 366

Underperforming Technical Team Finance Budget Leadership 366

ProjectManager.com

JUNE 14, 2022

What is an exception report in project management and how do you use one? Let’s define the term and explain its use in managing projects that are veering off-track. We’ll show you some exception report examples and how project management software can keep you on schedule and within budget. What Is an Exception Report?

Finance 273

Finance Risk Management Software Review Controlling 273

Rebel’s Guide to PM

JUNE 22, 2020

Why is stakeholder management important to project success? However, stakeholder management is a very narrow way of looking at how we work with people on projects to achieve a common goal. What is stakeholder management? However, there are other reasons for doing stakeholder management. Reduce and Uncover Risk.

Finance 346

Finance Risk Management Software Review Influencer 346

Rebel’s Guide to PM

MARCH 25, 2022

Very early in my career I worked with an IT manager who refused to use the term ‘the business’ in conversation. What you really mean, he would argue, is that the Marketing team, or the Finance team, is asking for something. Portfolio managers don’t need to be told that all projects and programs should align to strategy.

2015 264

2015 Finance Risk Management Risk 264

Rebel’s Guide to PM

SEPTEMBER 22, 2021

Sol Benady is a management consultant, Fintech entrepreneur, and program manager working in the banking sector. I talked to him in the Project Management Club on Clubhouse about project financial management and handling budgets. From Accounting to Program Management. 5 Tips for Managing a Project Budget.

Budget 361

Budget 2015 Retail Governance 361

Rebel’s Guide to PM

SEPTEMBER 8, 2021

What is a method in project management? We have a ton of project management methods – some you probably don’t spend much time thinking about at all. Types of project management methods. Project management uses lots of methods. But there are some specific project management methods. Read my full disclosure.).

Underperforming Technical Team 440

Underperforming Technical Team Estimate Software Review Risk Management 440

Rebel’s Guide to PM

FEBRUARY 5, 2024

There are several ways of categorizing project cost for your project budget: Direct costs Indirect costs Capital costs (capex) Operating costs (opex) Project deliverable costs Project management costs And your organization may have other standard ways of thinking about cost categories. Let’s look at each of those in turn.

Budget 307

Budget Project Cost Estimate Finance 307

Project Risk Coach

SEPTEMBER 5, 2022

He is the author of The Why and How of Auditing , Audit Risk Assessment Made Easy , and The Little Book of Local Government Fraud Prevention. Proverbs 17:8 Last week, Harry and I were running, and Harry was talking about project procurement risks. It's much easier to detect fraudulent payments made to the finance director, for example.

Governance 195

Governance Government Software Review Risk Management 195

Rebel’s Guide to PM

AUGUST 6, 2022

They let you know whether you can go overspent or what risk mitigation actions are the right ones for this point in the project. Often an internal senior department manager, client account manager or supplier project manager/representative. Project manager: the person leading the project (you).

Governance 358

Governance Government Risk Management Technical Review 358

Rebel’s Guide to PM

AUGUST 26, 2021

I clearly remember being asked who was the Governor of the Bank of England during an interview with a bank – obviously I was faking being interested in the finance sector as I had no clue. And that means learning how to include your projects and your project management skills. I managed a capital budget of £8.6m

Finance 379

Finance Technical Review Software Review Budget 379

Herding Cats

NOVEMBER 20, 2018

Risk Management has six steps: Planning risk management - decides how to approach and plan the risk management activities for the project. Identifying the Risks - determines with risk are likely to affect the project and documenting the characteristics of each.

Risk Management 56

Risk Management Risk Estimate Finance 56

Wrike

OCTOBER 6, 2023

In the world of project management, uncertainty is an ever-present element that can greatly impact the success or failure of a project. It is essential for project managers to understand the nature of uncertainty and how it manifests in various forms. This uncertainty can impact project timelines and deliverables.

Risk Management 36

Risk Management Risk Technical Review Underperforming Technical Team 36

Techno-PM

APRIL 28, 2020

Budget Proposal Template The most effective way for you to estimate your business finances is to create a successful budget proposal template. What is Budget Proposal Template A budget proposal template gives you the ability to make continuous improvements and anticipate any risks and problems arising.

Finance 45

Finance Budget Estimate Software Review 45

Rebel’s Guide to PM

APRIL 1, 2019

This article reviews and explains the 10 project management Knowledge Areas from the PMBOK® Guide – Sixth Edition. All the things you need to know and do for successful risk management, for example, are bundled under the Risk Management Knowledge Area. So how many knowledge areas are there in project management?

PMI 384

PMI Risk Management Risk Estimate 384

ProjectManager.com

JULY 11, 2023

Finally, we’ll show you how to manage a business budget to keep your business viable. ProjectManager is project management software that helps businesses create a workable budget and track that budget against their financial plan in real time. Once done you then have to manage it. What Is a Business Budget?

Budget 278

Budget Software Review Estimate Risk Management 278

ProjectManager.com

MARCH 27, 2019

But greater flexibility generally requires a more skillful approach to governance and project management. Next, decide how the team will go about accessing the funds being provided to them (this is usually chosen by your organization’s finance group). Low financial risk for both the team and for business stakeholders.

Software Developers 244

Software Developers Software Development Software Review Software 244

Teamweek

APRIL 15, 2024

Bad accountants raise financial and compliance risks. Not having any accounting expertise on your team leaves you at risk of losing control of your finances. Given the risks, it’s not hard to see why elite business accountants are always in demand. CFOs are responsible for the company’s finances.

Technical Review 59

Technical Review Finance Software Review 2024 59

Rebel’s Guide to PM

SEPTEMBER 18, 2022

What really works might surprise you – it’s definitely something to work on when you are thinking about positive project risk! This allowed LinkedIn to present the value of its platform and the LinkedIn experience to the press as something much more concrete. Double Trigger Type 3: A Competitor Makes a Mistake.

2007 379

2007 2004 2005 2008 379

Rebel’s Guide to PM

MAY 10, 2022

You’ve just got one day for budget approval,” said Claire from Finance. He needed a new plan, and quickly – he was due to present the schedule to the Sponsor that afternoon. In turn, you may put more and more pressure on your team to speed up – risking cutting corners and delivering a low quality product that is not fit for purpose.

Estimate 251

Estimate Finance Defining Planning 251

Rebel’s Guide to PM

JULY 31, 2020

You’ve just got one day for budget approval,” said Claire from Finance. He needed a new plan, and quickly – he was due to present the schedule to the Sponsor that afternoon. In turn, you may put more and more pressure on your team to speed up – risking cutting corners and delivering a low quality product that is not fit for purpose.

Estimate 336

Estimate Finance Defining Planning 336

Strategy Execution | PMO Perspectives

MARCH 14, 2019

Experienced managers know the value of the ‘elevator view’, that is, knowing when to press the button for the top floor to look down at the bigger picture, and when to descend to the ground floor to get down ‘amongst the weeds’. Strategic Risk Management. Can we ever achieve this ideal world?

Risk Management 43

Risk Management Risk 2017 Technical Review 43

MPUG

MARCH 20, 2023

The Project Manager (PM) must understand and articulate the goals and objectives. Management plans for scope, schedule, cost, procurement, quality, human resources, communications, risk, procurement, requirement management, change management, configuration management, and process improvement management.

Executing 110

Executing Finance Technical Review Software Review 110

ProjectManager.com

JANUARY 10, 2019

Growing a new business is full of risk, but knowing where the business is going and how it’s going to get there is a way to mitigate that risk. Related: Free Risk Tracking Template. What are the changes to structure, financing, etc., However, it is likely most important for growing businesses. A Different Intent.

Planning 297

Planning Underperforming Technical Team Finance Risk Management 297

Moira Alexander

APRIL 24, 2017

Founded by Harvard University and MIT in 2012, edX is one of the biggest MOOC (Massive Open Online Courses) platforms available and offers many project management (PM) courses. Introductory project management courses. Intermediate project management courses. Related Video.

Certification 252

Certification Technical Review Lean Software Review 252

Planio

FEBRUARY 13, 2023

For example, if your company’s main goal is to improve user retention, a new feature that increases the risk of customers leaving is unlikely to get approved. Risk appetite: Is the risk associated with a new initiative manageable? This will vary depending on your organization's risk appetite.

Initiating 78

Initiating Finance Lean Risk Management 78

ProjectManager.com

MARCH 9, 2020

And any project manager can tell you that without a plan, a project is aimless and destined for failure. If you’re looking to get the most out of your marketing, then take the time to learn about how to create an effective marketing plan from the perspective of a project manager. That’s where marketing comes in. It must have context.

Planning 277

Planning Software Review Monitoring Executing 277

Productivity Land

MAY 31, 2023

They are employed across diverse sectors such as technology, finance, healthcare, and e-commerce. As a statistician, you can work in various fields such as healthcare, government agencies, market research, finance, and academia. Data scientists are pivotal in driving innovation and solving complex business problems.

Healthcare 69

Healthcare 2021 Finance Transportation 69

Rebel’s Guide to PM

MAY 28, 2018

They let you know whether you can go overspent or what risk mitigation actions are the right ones for this point in the project. Then you should be on the Steering Group as the project manager. Examples would be: A vendor account manager. A finance or legal team member, if the project has significant impact in those areas.

Governance 232

Governance Government Finance Risk Management 232

Project Bliss

OCTOBER 31, 2019

When considering a project management career, there are some basic project management skills you need to know about. If you think a project management career is right for you, you possibly already have some great skills you need for the role. 10 Essential Project Management Skills You May Already Have. Budgeting Skills.

Underperforming Technical Team 180

Underperforming Technical Team Risk Management Budget Finance 180

The IIL Blog

OCTOBER 24, 2023

By Eugene Bounds and Steve Ackert Recently, the buzzword artificial intelligence (AI) has been on everyone’s minds, not just in the tech world but across many industries, including project management. Over twenty AI-enhanced tools today focus on project management capabilities and features (e.g., While some tools (e.g.,

Artificial Inteligence 89

Artificial Inteligence Technical Review ChatGPT Generative AI 89

Scrum.org

APRIL 2, 2023

For example: PMO or Finance department in a company can affect how the budget has been used, this can impact how much we can build. Stakeholder Engagement is about identifying the right people for the right time, understanding their involvement with the product and managing them accordingly. Who wants to know how things are managed?

Innovation 179

Innovation Finance PMO Budget 179

Productivity Land

FEBRUARY 18, 2024

While these changes have brought numerous benefits, they have also given rise to unique challenges in managing payroll effectively. Compliance Concerns The continually changing regulatory landscape, both internationally and locally, presents a substantial challenge for organisations that manage payroll in-house.

Finance 57

Finance Innovation Risk Management Risk 57

MPUG

FEBRUARY 7, 2021

Please find below a transcription of the audio portion of Satya N Dash’ session, Risk Management Life Cycle in the Context of Project, Program, and Portfolio, being provided by MPUG for the convenience of our members. Kyle: Satya is a management professional, speaker, coach, and the author of six books. I’m not-.

Risk Management 52

Risk Management Risk Technical Review Software Review 52

Project Risk Coach

JULY 17, 2017

Last week, Harry and I were running, and he told me about his procurement risk blog series. Since I am a fraud prevention guy, we began discussing the risk of vendor kickbacks to those with the power to purchase. Later, Sleeze sends inflated invoices directly to Acme’s purchasing manager, and he gladly approves them.

Governance 231

Governance Government Software Review Finance 231

nTask

MARCH 4, 2022

Are you already planning to hire a project manager? Or, are you wondering if a virtual project manager can help you successfully execute your dream project? Project managers can help you with the delicate and timely execution , for starters. For that matter, why stop at only project management? Risk Management.

Underperforming Technical Team 78

Underperforming Technical Team Energy Budget Executing 78