Rebel’s Guide to PM
JUNE 9, 2022
It’s also something mentioned in the standards for professional project management bodies. Apparently, business acumen is something that project managers should have. In 2022, PMI updated the Talent Triangle to include business acumen. It really is a core skill for project professionals. What is business acumen?
International Institute for Learning
DECEMBER 7, 2022
As technology increases within the next two decades, AI is expected to replace humans in many of the simple and mundane tasks that are part of project and program management activities (Grace et al., The tools are expected to be different for each life cycle stage of a project. Journal of Artificial Intelligence Research, 62 , 729-754.
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MPUG
OCTOBER 28, 2019
Another major project related happening was the growing popularity of value engineering (VE), which was widely used at General Electric. This functioned to help measure the value of alternatives (for example, using cheaper resources and/or materials to reduce project costs or design-to-cost) especially when there was a scarcity of resources.
Project Pulse Journal
MARCH 7, 2024
The Project Environment The project environment, characterized by internal and external factors, significantly influences the delivery of value within projects. This includes organizational culture, industry dynamics, regulatory requirements, technological advancements, and market trends. Project Management Institute.
Online PM Courses
SEPTEMBER 3, 2018
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. Project cost over-runs are common. The governance considerations for project cost management.
The Strategic Project Manager
FEBRUARY 11, 2022
Michael Porter, in his talk to the PMI about strategy and project management , identified two types of benefits drivers for projects: cost savings and strategic. Mass Customization provides the opportunity for a hybrid type of project combining the two.
nTask
MARCH 30, 2022
According to a report generated by PMI , 14% of the IT projects surveyed and started by companies in the organizational paradigm are deemed failures. Today, we will discuss project cost management, the benefits associated with it, and the steps involved in the overall cost management process. So, let’s begin.
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