How to Keep Your Projects Financially Fit

Project Risk Coach

Keep Your Projects Financially Fit. How do projects fall below budget?” Let’s look for ways to monitor and control our cost more intentionally. 4 Ways to Control Cost and Keep Your Projects Financially Fit. Make Your Cost Visible.

Does remote project management really work?

Moira Alexander

Does remote project management work? Will remote project management work for your organization if you have a top-notch virtual project teams? There are advantages to establishing virtual project teams for remote project management. Some may include the following: Lower project costs due to technology advancements that bridge distance. Improved work/life balance for project team members. The answer, in general, is yes, it can.

2015 35

Trending Sources

Project Manager Roles and Responsibilities: What does a PM Really Do?

Project Bliss

The job title of “project manager” is pretty common these days. But project manager roles and responsibilities can be pretty vague if you’re not already familiar with them. When I took my first job as a project manager, my mother asked what I do.

2017 56

When Outsourcing Makes Sense

LeadingAnswers

Disclaimer : This article is based on my personal experience of software project development work over a 25 year period running a mixture of local projects, outsourced projects and hybrid models. Coding vs Collaboration Costs. The Compounding Costs of Delay.

2016 89

Efficient project governance should not be an oxymoron!

Kiron Bondale

is controlled by the people who run it “ This is certainly an appropriate meaning of the phrase when applied to corporate governance, but is not the most empowering vision for how projects need to be governed. Tagged: governance , project decision making , Project performance.

Without a Root Cause Analysis, No Suggested Fix Can Be Effective

Herding Cats

Yes, projects have uncertainty. Projects are no exception. Using the chart from the post, showing the number of projects that went over their estimated effort, let's look closer at a process to sort out the conjectures made in the post about estimating.

Have You Left Anything Out of Your Project Plan?

Project Risk Coach

The Project Plan Checklist Have you left anything out of your project plan? Check out this project plan checklist to help you identify the baselines and plans that will be most helpful to each of your projects. I like to keep my project plans as simple as possible.

5 Stats You Need to Know from the 2017 State of Project Management in Manufacturing Report

LiquidPlanner

But following structured project management methods can help companies reduce delays, stay on budget, and deliver quality products. To learn more about the challenges facing manufacturers today, download the free 2017 State of Project Management in Manufacturing report here.

Who Approves Your Project Change Requests?

Project Risk Coach

Some organizations lack clarity about who approves the project change requests. On one project, the sponsor tells the project manager to make the decisions. On other projects, the sponsor makes the decisions. So, who should approve project change requests?

Embracing Uncertainty in Software Projects

LiquidPlanner

A seemingly simple question that can become a project management nightmare to manage. After all, you’re the project manager!) If you’re right and the project delivers on time, you’ll be heralded as a “someone who can deliver.” No two projects are ever the same.

Business Acumen for Project Managers [Free Checklist]

Girl's Guide to PM

It’s also something mentioned in the standards for professional project management bodies. Apparently, business acumen is something that project managers should have. I believe that my success at working with senior stakeholders and on difficult projects is to do with business acumen.

10 Myths about Project Management Tools

Binfire

You are promoted to manage your first project, congratulations! Since you are a serious manager you have decided to improve the team’s productivity by purchasing one of the project management tools available in the market. Myth #5: Project management software is expensive.

The Real Story Behind Why Your Organization Wants You to Track Time

LiquidPlanner

Time tracking data surfaces project cost, project profitability, employee availability, employee cost, and so much more. Whether you’re a project team member wondering “why on earth…?” Allows businesses to measure the true costs of any project.

Estimates, Forecasts, Projections

Herding Cats

We can estimate the total cost, total duration, and the probability that all the Features will be delivered on the program we are working for the US Government. Or ANY software project for that matter. The estimated completion cost for this program is $357,000,000 with an accuracy of $200,000 and a precision of $300,000. Another way to speak about the estimated cost is This program will cost $357,000,000 or less with 80% confidence. Projections/Prediction.

80+ Awesome Online Resources for Project Managers

Wrike

Where can you go to talk Gantt charts, work breakdown structures, and Agile workflows to your heart’s content with other project management aficionados? There’s a treasure trove of valuable information available online for anyone looking to sharpen their project management skills. .

PMI 18

12 Project Management Related Tools to Check Out for 2017

Brad Egeland

As everyone is aware, the landscape of available project management and PM-related tools has changed greatly over the years. It is truly mind-boggling how many options are out there now for project managers across all industries. All projects are different.

2017 34

Business Acumen for Project Managers [Free Checklist]

Girl's Guide to PM

It’s also something mentioned in the standards for professional project management bodies. Apparently, business acumen is something that project managers should have. I believe that my success at working with senior stakeholders and on difficult projects is to do with business acumen.

How to Develop a Strong Governance Process with These 6 Tips ?

Project-Management.pm

Projects involved a lot of planning , implementation , and not to mention tracking or detecting issues and problems within the team or the project, and surpassing the following process. It also means successfully identified the stakeholders and risks and the project are already in the plan, ready for implementation. Building up a governance process may be a little intimidating, especially if you don’t organize your project outline properly.

The Problems with Schedules

Herding Cats

The Core Problem with Project Success. Unrealistic Cost and Schedule estimates based on inadequate risk adjusted growth models. Before diving into the details of these, let me address another issue that has come up around project success and estimates.

2003 29

Londoners, dig deep in your pockets for yet another troubled project

Ron Rosenhead

Today, the Mayor of London Sadiq Khan ordered an enquiry into the escalating costs of the former Olympic stadium site. However the escalating costs have raised more than a few eye brows. additional costs for the seating problem. How good is project sponsorship in your company?

12 Project Management Related Tools to Consider for 2016?

Brad Egeland

I've been a project manager for a long time. I started out using ABT's Project Workbench. I eventually moved on to a DOS version of Microsoft Project and then on to the windows version of that which I have used off and on for many years. All projects are different.

2016 23

Effective Leadership Skills. Are You Truly A Great Project Leader?

Fix my Project Chaos

Lately on the blog I’ve been exploring the ten skills that employers want from project managers. Effective leadership is one of the key skill that employers expect from project managers. While managing the project (costs, risks, issues, scope etc.)

Estimating is a Learned Skill

Herding Cats

Estimating is a learned skill, used for any purpose from every-day life to management of projects. The same process for estimating is applied to multi-billion dollar projects we work. And the same process is applied to the Scrum development processes on those projects. . The Influence of Selection Bias on Effort Overruns in Software Development Projects,” Magne Jørgensen, Simula Research Laboratory & Institute of Informatics , University of Oslo.

2013 22

Misunderstanding Making Decisions in the Presence of Uncertainty

Herding Cats

All project work has uncertainty. Uncertainty comes from the lack of precision and accuracy about the possible values of a measurement of a project attribute. If your project has no uncertainty, there is no need to estimate. Turns out in the real world there is no such project.

2003 14

A Wrap Up of the #NoEstimating Conjecture Analysis to Date

Herding Cats

So when you hear about all the posts about #NoEstimates, take a look here to see if those posts provide any actionable outcomes that can be put to the test on actual projects - other than Slicing. . Facts and Fallacies of Estimating Software Cost and Schedule.

What did the Project Managers ever do for us?

The Lazy Project Manager

I sometimes hear of project management and project managers being challenged in much the same way … ‘what has project management done for us (the organisation)?’ One is to consider what would business life be like without project management in place.

When Outsourcing Makes Sense

LeadingAnswers

Disclaimer : This article is based on my personal experience of software project development work over a 25 year period running a mixture of local projects, outsourced projects and hybrid models. Coding vs Collaboration Costs. The Compounding Costs of Delay.

Why Your Business NEEDS Integrated Construction Software

Geniebelt

Once the contract for the project is won, paper really starts to build up all over the place: -Head Office. All that struggle comes with a great cost, as you can imagine. Lacking information about the progress of the project. Task and project delays.

9 Ways PMOs Can Help Agile Projects

LeadingAnswers

It may not always be apparent but the goals of the Project Management Office (PMO) and agile teams are well aligned. Both groups want to get to the same destination: namely successful projects and happy stakeholders. These are: Monitor and control project performance.