Remove Finance Remove Process Remove Risk Remove Risk Management

Project Management Processes & Phases

ProjectManager.com

If so, it might be time to start implementing proven project management processes and phases at your organization in order to bring your company’s workflow under control. Phases of Project Management. Administrate: Manage the contracts secured in the project.

Digital Transformation Journey in Finance

Epicflow Blog

are the questions arising in the mind of those who haven’t initiated this process in their company yet. When we talk about digitization, we mean the process of putting analog data into a code that can be easily processed by a computer. Artificial Intelligence in Finance.

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

Digital Transformation Journey in Finance

Epicflow Blog

are the questions arising in the mind of those who haven’t initiated this process in their company yet. When we talk about digitization, we mean the process of putting analog data into a code that can be easily processed by a computer. Artificial Intelligence in Finance.

Seven Aspects of Project Risk in 2020

Strategy Execution | PMO Perspectives

Ahead of its January meeting in Davos, the World Economic Forum published its Global Risks Report 2020, based on the input of 750 experts and outlining the biggest risks faced by economies over the next 10 years [1]. And if the WEF didn’t see a risk coming, then what hope do we have?

2020 80

Strategic Risk Management and Projects

Strategy Execution | PMO Perspectives

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.

Risk 55

Six Steps of Risk Management

Herding Cats

Risk Management has six steps: Planning risk management - decides how to approach and plan the risk management activities for the project. Performing qualitative risk analysis - prioritizes risks based on their probability and impact of occurrence.

Risk 60

Estimating Business Finances With A Budget Proposal Template

Techno-PM

Budget Proposal Template The most effective way for you to estimate your business finances is to create a successful budget proposal template. It will help you in the long run if you begin this process with the correct mindset. It is the most important and basic tool for managing money.

A Compendium of Risk Management Resources

Herding Cats

This blog page is dedicated to the resources used to manage the risk encountered on software-intensive systems using traditional and agile development methods. Let's start with a critical understanding of the purpose of managing risk on software development projects.

Risk 42

How To Do An Effective Project Selection Process?

Project-Management.pm

A stable and sturdy project management is one of the crucial factors to make a project process work. In the corporate world, an organization needs more than just top-notch tools and up to date process to bring the project to its full potential—it also needs a strong manpower, a human resource that has a particular set of skills and capabilities that will greatly contribute the entire organization. The Need for Risk Assessment.

Operations, Finance, and Accounting for the Development of Software

Herding Cats

When us young pups arrived to move the development processes into the next century (minicomputers, high-level languages, integrated development environments) from the previous generation of punching holes in pieces of paper - either card stock or rolls of paper tape - we thought we were clearly superior to those of the past generation and were proud to tell anyone who wold listen how we had a lock on what to do best. The notion that process and overhead are a waste is true in some sense.

Task Management vs Project Management vs Process Management: Which Software Do You Need?

ProProfs Project Management

Many of them are routine tasks like processing purchase requisitions, travel requests or leave approvals. When she wanted to take some time off, she’d email her manager. Task Management Is for Grocery Lists. Project Management Is for Efficient Project Execution. Meet Jess.

Thoughts on Suggestions That Violate Principles of Finance, Probability, and Statistics

Herding Cats

Calculating Value from Software Projects - Estimating is a Risk Reduction Process. Intellectual Honesty of Managing in the Presence of Uncertainty. The on-going discussions that Decisions can be made in the absence of estimates reminds me of this concept. .

How to Speed up Your Project Management Process with 5 SaaS Applications

Paymo App

Project management process bottlenecks. The 3 main things I have so far noticed about project management processes: The more detailed the planned steps, the less likely they will be realized. Automating project management? How can the example process look like?

4 Unusual Reasons Why Stakeholder Management Is Important

Girl's Guide to PM

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? One of my favourite project management books.

2020 301

10 Knowledge Areas of Project Management (PMBOK 6) With PPT & PDF

Girl's Guide to PM

This article reviews and explains the 10 project management Knowledge Areas from the PMBOK® Guide – Sixth Edition. Basically, each Knowledge Area (which you might see abbreviated to KA) is a category of concepts and processes with a common goal. 10 Knowledge Areas of Project Management.

2019 418

Tackling Project Management Job Titles

Arras People

Looking through the data from the 2019 Arras People Project Management Benchmark Report (2019 PMBR) it really reinforces the fact that project management is so richly diverse when viewed across the many organisations and industries where these important skills are used. PMO Manager.

2019 296

Get the ‘Right’ Project Controls & Enterprise Programme Management You Want

Arras People

Project management consultancy Dada Enterprises has released a copy of the webinar it presented on designing the ‘right’ Project Controls Solutions for an organisation. High-Level ERP / EAM Process & Policy Requirements. Programme Management (PgM3).

Cost and Value Management for Software Development

Herding Cats

This, of course, is a violation of the principles of Managerial Finance and Microeconomics of software development in the presence of uncertainty and scarce resources. Overlooking key project risks. They provide the mechanism for managing cash flow during the course of the project.

2018 64

Six Sigma: A Simple Guide for Project Managers

ProjectManager.com

It can mean different things within various organizations or circumstances, but there is a way to broadly outline this business process improvement methodology and define its beginnings, its, rise, its use and its implementation. Test those solutions, and figure out what risks are inherent.

2018 426

An Introduction to Supply Chain Management (SCM)

ProjectManager.com

Supply chain management (SCM) is the discipline that manages supplies and processes through all of the stages of a project, product or business deliverable. Getting through these various stages efficiently requires control—that’s where supply chain management comes in.

2019 257

How to Make a Marketing Plan Like a Project Manager

ProjectManager.com

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.

2020 248

Free project management certifications

Moira Alexander

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. Introduction to Project Management - a self-paced course that teaches practical ways to use project management skills, whether your project is large or small. Intermediate project management courses.

Program Manager Job Description – Plus! Cut & Paste Example

ProjectManager.com

If you’re looking for a program manager, then that means you’re looking for someone to manage a project portfolio. A program manager is just that, a person who is responsible for managing several projects at once, and they might even have to manage many programs.

2018 276

Some Really Big Reasons Why designers Need Project Management Tools

Proofhub

Are you struggling to keep up the things organized in your design process? The design process is no longer carried forward individually. Let’s first see the steps that define a design process. What is the design process? designer project-management design-process design

Professionalise Project Management

The Lazy Project Manager

And how can you Invest in great project management skills? You can see that is not just a matter of recruiting the best project managers. That helps of course, as does developing the best project managers. Project management is a core skill.

2017 227

What Can a Project Manager Do Next? The Project Manager Career Ladder

Project Bliss

Have you ever wondered what career path could be next on the project manager career ladder? There are many possible options where you can apply the valuable skills you’ve honed as a project manager. I previously wrote about the different career paths that can lead to project management.

2017 258

AI In Project Management: 7 Ways in Which AI Will Transform Project Management

Taskque

Artificial Intelligence is disrupting every industry you can think of and project management is no exception to this rule. The report also predicted that projects managed with AI will increase from 23% to 37% in the next three years. 7 Ways AI Will Impact Project Management.

Principles of Cost and Schedule Estimating

Herding Cats

One of the 4 summary root causes of project performance failures is Unrealistic Cost and Schedule Estimates based on inadequate risk-adjusted growth models. Managing in the presence of uncertainty is standard business practice. IT Risk Management.

What is a Stakeholder in Project Management?

Planio

A 3-part stakeholder management process for keeping everyone happy. Step 3: Best practices for stakeholder management and communication. Create and enforce transparent processes for communication. Project sponsor: The person or group who is financing the project.

2018 295

What Is The Value of a Project Manager Today?

LiquidPlanner

With the popularity of Agile, Scaled Agile Framework (SAFe), and Scrum, organizations are asked to justify the project manager’s role on a project. I’ve had clients ask, “Why do we need project managers in the portfolio since we’re supposed to be Agile?”.

2019 116

GAO Cost Estimating and Assessment Guide Applied to Agile

Herding Cats

Again, this is the basis of Managerial Finance. Uncertainty creates risk. Risk Management is how Adults Manage Projects - Tim Lister. Conduct Schedule Risk Analysis. Uncertanty creates Risk. Maintain the Baseline with Repeatable Processes.

Managing Virtual Teams Successfully

The IIL Blog

So COMMON SENSE should be at the forefront to manage the perception of how these activities are facilitated. Risk: Uncertainties that may be encountered in implementation. The key here is to make it engaging and enjoy the process as you enhance virtual team collaboration.

2018 120

How to Fund a Software Development Project

ProjectManager.com

But greater flexibility generally requires a more skillful approach to governance and project management. What you need instead is advice on what process decisions you should consider, what your options are, and what the associated trade-offs are. The Secure Funding Process Goal.

2019 313

The Quality Project Manager: an Interview with Olu Jinadu

Project Bliss

Quality project managers work with teams to ensure the success of quality improvement projects. I asked if he works with project managers and he laughed and said, “Of course!”. This was my view while having in-depth conversation with Olu about quality project managers.

2019 156

Project Management Interview Questions

Arras People

There exists a stream of project management job interview questions all around the web here we break down certain types of questions PM practitioners can come across specific to their interviews/specialties, etc. This is the third article in the project management interview series this week.

2016 254

Why Identifying as a Project Business is Critical For Success

The Lazy Project Manager

Project Management as a Central Component of a Project Business. Oftentimes, people think managing a project and managing a project business are interchangeable. Project Management is something that a business does, regardless of the type of business it is.

2020 273

Why Productivity in Project Businesses is Flatlining?

The Lazy Project Manager

By structuring your Project Business processes you will be able to analyze what systems need to change and what solutions are possible. The inability to utilize technology to improve processes and information flow is a major reason why Project Business lags in productivity.

2020 225

Project Cost Management – The Essential Things to Know and Do

Online PM Courses

Project Cost Management often puts people off. But there’s little your project sponsor, your client, or their Finance Director care about more than your budget and how closely you can stick to it. So, in this feature article, we’ll look at: What project cost management is.

How to Successfully Execute a Plan

ProjectManager.com

It’s one of the paramount actions that a leader, project manager or team leader is responsible for. Related: Top 10 Project Management Responsibilities. And always update these steps throughout the process. The use of project management tools will help with this.

51+ Best Project Management Software & Tools [Updated Oct 2019]

ProProfs Project Management

Project management software helps in not only managing multiple projects, but also streamline workflow and improve your teams performance exponentially. This survey illustrates how important it is to define project goals and have everything streamlined to avoid project risks.

2019 86