2024

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What Is a Balanced Scorecard? (Example & Template Included)

ProjectManager.com

Coming up with long-term goals for a business or organization is just the beginning of a five-year project. Making sure your daily operations are working towards achieving those strategic goals and that they’re clearly communicated throughout the business or organization greatly improves by using a balanced scorecard. If you’re not familiar with a balanced scorecard, we’ll define the term and show the four perspectives it tracks as well as explain what should be included in a balanced scorecard.

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How to use LinkedIn to promote your project management skills

Rebel’s Guide to PM

Do you only look at LinkedIn when you are in the market for a new job? I’d hazard a guess and say that’s what most people use it for. However, if you’re on LinkedIn (and you are, aren’t you?), it can do a lot more for you than that. LinkedIn is a great professional network where you can connect with past and current colleagues. You can add a lot more professional detail about your experience and career history than social sites like Facebook or X (I still call it Twitter).

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Is Your Organization Truly Agile or Just Pretending?

Scrum.org

Reflecting on my journey through the realms of agility and organizational dynamics, I've come to realize that agility is often misunderstood. It's not merely about adopting a set of practices or frameworks. Instead, it's a mindset, a way of being that empowers organizations to respond swiftly and effectively to market changes. The true essence of agility lies in its ability to transform not just processes but mindsets.

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Growing Your Project Management Career in 2024: Strategies for Success

The IIL Blog

By Ray W. Frohnhoefer In the ever-evolving landscape of project management, staying ahead of the curve is not just beneficial—it’s imperative. As we step into 2024, the dynamics of project management continue to shift, demanding professionals to be agile, skilled, and strategically focused. This is a guide to exploring key strategies for growing your project management career throughout the year.

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Acclaim Projects Helps Deliver Innovation Projects on Time and on Budget

This large intercity transportation company for people and freight employs 100+ IT employees and contractors across North America and Europe and spends $10MM annually for approximately 50 inflight projects. The company needed the right financial tools to budget for innovation initiatives and real-time information on spending and forecasting. This transportation company turned to Acclaim Projects by Sopheon to help deliver projects on time and within budget.

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What Makes Visual Planning So Great?

Ganttic

Enthusiasm is great. But a truly winning formula couples unbridled enthusiasm with a plan of action. And that’s where visual planning comes in. That’s because, as knowledgeable or as passionate as you may be about your industry, you can’t expect to see success if you’re flying blind. Until you come up with a plan, you and your employees will never be on the same page.

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Artificial Intelligence Tools: Top 5 Practical Project Management Applications

Online PM Courses

What can we use Artificial Intelligence for in Project Management? Are there any practical AI tools that can make our work easier? Yes. The post Artificial Intelligence Tools: Top 5 Practical Project Management Applications appeared first on OnlinePMCourses.

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How Do you Make a Retrospective an Interesting Session?

NimbleWork

We speak to a lot of project teams, and there’s one common thread that runs throughout those conversations: the pressure to do more without taking more time or resource. Many teams lean into retrospectives to help uncover areas where processes could be slicker, where engagement hasn’t been as effective as it could and to look for areas of improvement.

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VRIO Framework Analysis For The Strategic Project Manager

The Strategic Project Manager

This post provides an overview of the VRIO analysis framework, a very useful framework today for both strategists and PM’s. It then does a deep dive into each component of the framework, with examples. The post then provides specific areas where the framework can be most effectively applied as part of a strategic analysis. Finally, it provides several areas where PM’s can use the framework and principles to improve project, program, and portfolio performance.

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How To Improve Employee Productivity – 10 Tested Ways [2024]

Teamweek

Employee productivity measures how well employees do their jobs compared to the time and effort they put in. You can calculate employee productivity by tracking output against goals, monitoring completed tasks, and the quality of work. But, it can be hard to measure and improve the productivity of remote workers and keep them focused in modern work settings.

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Strategic Finance Essentials: A Project Manager’s Guide to Financial Impact

Speaker: Ketan Jahagirdar - Sopheon’s Director of Product Management

Empower yourself as a project manager with insights that directly influence the financial landscape and strategic direction of your organization! Join us for a deep dive into the world of financial strategy, as we dissect key metrics that drive CFOs and business leaders’ investment decisions.This session will equip you with the necessary tools to craft compelling business cases as well as a comprehensive understanding of the crucial distinction between capital expenditure and operational expendi

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7 Creative Agency Project Management Tools

Scoro

Looking for the ideal project management tool for your marketing, advertising, or design agency? Agency project management tools help you plan projects, assign tasks, and keep your team on track. But with so many solutions, choosing the right one to suit your needs can be tricky. In this guide, we’ll walk you through the best agency project management software, including pricing and main features.

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The Gantt Chart in Construction Project Management: Understanding the Best Planning & Scheduling Tool

ProjectManager.com

Gantt charts have been a fundamental project management tool for over a century, and it’s easy to understand why. They provide a visual overview of project tasks and the timeframe in which they need to be completed. Construction Gantt charts, therefore, are a natural fit. Gantt charts in construction can be used for any number of different activities.

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10 Simple Ways to Prepare a Handover at work (with email templates)

Rebel’s Guide to PM

Once upon a time I used to try to plan my projects around dates when I knew I was going to be in the office. My colleagues joked that I planned the birth date of my first child around a major transformation project go live date (I didn’t). It turned out that we had to move that go live by three months, so I was on maternity leave with a new born when they eventually went live.

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5 kinds of Agile bandits. Planning Bandits

Scrum.org

Unveiling the Agile Burndown Trap: A Fresh Perspective on Sprint Planning Agile teams often rely on burndown charts to monitor progress throughout a sprint. Initially, this approach seems logical, a straightforward way to track how tasks diminish over time. However, after years of working with various teams, I've come to realize that this method is not as effective as it appears.

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20 Common Mistakes Made by Inexperienced Project Managers

You’ve read the PMBOK® Guide several times, taken the certification exam for project managers, passed, and you are now a PMP®. So why do you keep making rookie mistakes? This whitepaper shows 20 of the most common mistakes that young or inexperienced project managers make, issues that can cost significant time and money. It's a good starting point for understanding how and why many PMs get themsleves into trouble, and provides guidance on the types of issues that PMs need to understand.

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From Hype to Reality: Integrating Generative AI into Your Project Management Workflow

The IIL Blog

By Ruchi Gupta Ruchi is a Keynote in this year’s LeadCon2024 Online Conference! Register here. The buzz around generative AI is undeniable. The project management landscape is undergoing a seismic shift, with generative AI emerging as a game-changer. This technology is capable of creating entirely new content from existing data, but navigating its vast potential can feel overwhelming.

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7 Best Practices to Implement Resource Planning in the Audit and Accounting Industry

PM Times

A Statista survey reveals that the estimated revenue of the accounting industry will grow to $145 billion. The growth in the audit and accounting industry can be attributed to various factors, including increased demand for advisory services, the growing complexity of tax regulations, a rise in financial fraud, and ongoing technological advancements.

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Does Agile Without Results Even Matter?

Leading Agile

Some companies strive for a culture where people come first. They value trust, empowerment, safety, fun, and collaboration. And they’re right to value that stuff. It’s super important. Others strive for a culture where results take priority. They value things like metrics, accountability, commitment, ownership, and performance. And they’re right to value that stuff.

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20 Common Mistakes Made by New or Inexperienced Project Managers By Dr. Harold Kerzner

International Institute for Learning

20 Common Mistakes Made by New or Inexperienced Project Managers By Harold Kerzner, Ph.D Abstract Even experienced project managers can make mistakes. Most project management training courses, even those focusing on the PMBOK ® Guide, stress “generally accepted best practices.” What is not taught are discussions on what not to do as a project manager.

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The Big Payoff of Application Analytics

Outdated or absent analytics won’t cut it in today’s data-driven applications – not for your end users, your development team, or your business. That’s what drove the five companies in this e-book to change their approach to analytics. Download this e-book to learn about the unique problems each company faced and how they achieved huge returns beyond expectation by embedding analytics into applications.

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Embracing Sustainability: A Universal Responsibility Across Professions

Green Project Management

Since GPM launched 15 years ago, the landscape of sustainability has undergone a remarkable transformation. Back then, sustainability was often relegated to a niche corner at conferences, viewed through the lens of “trends” and “the future” – a promising yet distant consideration. Those days, however, are now firmly in the rearview mirror.

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Skills Of A CIO – Within Reach Of A Strategic PM?

The Strategic Project Manager

This post looks at whether there is a typical path to CIO – or what it needs to include. Next it looks in more depth at the typical roles that can help build the skills and background that lead to becoming a CIO. Then it focuses on strategy and project management as careers that can lead to CIO – but with a careful strategic approach. Finally, the post discusses whether and how a CIO role might even lead to CEO.

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11 Productivity Tracker Apps You Should Start Using Now

Teamweek

Managers and team leads often struggle to track employee productivity, identify productivity gaps, and help the team be more productive. The good news is that the right employee productivity tracker solves all these pain points. We’ve analyzed lots of tools and came up with the ten best employee productivity tracking software that you can choose from.

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12 Factors To Consider When Managing A Hybrid Workforce

NimbleWork

Office scenes are not what they used to be – but for all the good reasons. Flexibility has taken over the office culture. For some, it translates to fully remote roles while others find their sweet spot in hybrid environments. However, managing a hybrid workforce adds an extra layer of complexity to the mix. Creating a strong workplace culture is essential for the success of the hybrid model.

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How to Stay Competitive in the Evolving State of Martech

Marketing technology is essential for B2B marketers to stay competitive in a rapidly changing digital landscape — and with 53% of marketers experiencing legacy technology issues and limitations, they’re researching innovations to expand and refine their technology stacks. To help practitioners keep up with the rapidly evolving martech landscape, this special report will discuss: How practitioners are integrating technologies and systems to encourage information-sharing between departments and pr

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Microsoft Project vs. Microsoft Planner: In-Depth Comparison

ProjectManager.com

If you’re looking to manage a project and facilitate better collaboration with your teams, chances are you’ve heard of and are thinking of trying Microsoft Project and Microsoft Planner. To help with that decision, we’ve set up a comparison with Microsoft Project vs. Microsoft Planner. May the best app win. The stats when comparing Microsoft Project vs.

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12 Ways to Manage Project Quality Without Drama

Rebel’s Guide to PM

Everyone wants their projects to be “quality” but I often get asked about how to manage project quality in real life. What does it mean to “do” project quality? You probably already know that you need a quality management plan , and that management, assurance and control are the pillars of doing it right. But in practice, to me that looks like a lot of project documentation, and not a lot of actual doing, so let’s talk about 12 simple ways that you can manage project quality , without it being l

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Unveiling Organizational Value: Leveraging Sprint Retrospectives for Improvement

Scrum.org

My last blog talked about how to show management how scrum helps the organization overall. Now, let's delve deeper into one of its core activities and examine how its transparency can vividly demonstrate value to your organization. Among the five Scrum events, the Sprint Retrospective stands out as a pivotal opportunity for showcasing self-management.

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How Is Artificial Intelligence Being Used in Project Management?

The IIL Blog

By Ruchi Gupta and Cyndi Snyder-Dionisio These days you can’t escape the topic of Artificial Intelligence…it has pervaded social media posts, the evening news, and everyday conversations – to a level rivaled only by the launch of the internet itself. And so, we were not at all surprised to see that at IIL’s November International Project Management Day Virtual Conference , the most attendance in any one session was at the panel discussion on, you guessed it: AI.

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From Complexity to Clarity: Strategies for Effective Compliance and Security Measures

Speaker: Erika R. Bales, Esq.

When we talk about “compliance and security," most companies want to ensure that steps are being taken to protect what they value most – people, data, real or personal property, intellectual property, digital assets, or any other number of other things - and it’s more important than ever that safeguards are in place. Let’s step back and focus on the idea that no matter how complicated the compliance and security regime, it should be able to be distilled down to a checklist.