article thumbnail

PRINCE2: The Project Management Method Explained

Rebel’s Guide to PM

You should look at what happened on past projects because that helps mitigate risk on your current project. PRINCE2® encourages you to dig into lessons learned all through the project life cycle to help you make better choices. Document lessons learned for future projects.

Prince2 358
article thumbnail

Benefits Realization Management for Projects

MPUG

PMI defines, Benefits Realization Management (BRM) as: “The day-to-day organization and management of the effort to achieve and sustain potential benefits arising from the investment in portfolios, programs, and projects.”. In the context of projects, BRM is the management of benefits arising from projects.

Insiders

Sign Up for our Newsletter

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

article thumbnail

What is A System for Value Delivery in Project Management

Project Pulse Journal

Organizational governance systems include establishing clear roles, responsibilities, and decision-making processes to promote accountability, transparency, and ethical conduct throughout the project lifecycle. Organizations can optimize project performance and outcomes by integrating these functions into a cohesive framework.

article thumbnail

Unlocking the Power and Mastery of Development Approach and Life Cycle

Project Pulse Journal

This domain facilitates strategic alignment, optimized delivery cadence, methodology customization, increased flexibility, and improved risk management. The desire for a project management framework that sustains deliverability, supports the required cadence, and remains faithful to an adaptable methodology is now within reach.

article thumbnail

My designation is not Project Manager – AM I eligible for PMP® Certification?

iZenBridge

Assess and manage risks Iteratively and prioritize them. Also, plan and manage project/phase closure or transition activities. Consolidate project/phase plans to integrate and assess project planning activities. Manage project changes by executing change management strategy based on the project LIfe Cycle.

article thumbnail

Managing Value Creation for Project Managers

Project Pulse Journal

Do you struggle to align the project outcomes of your business leaders and organization? Many project managers face the challenge of delivering projects that make a difference. Because there's a sustainable way to deliver more value: value creation in project management. If so, you're not alone. But fear not!

article thumbnail

Understanding the Organizational Governance System as Project Managers

Project Pulse Journal

We will understand the pivotal role of this project governance framework and systems as a project manager, you can unlock new avenues for driving project delivery and fostering organizational growth. This supports setting up the crucial aspects of project governance components.