Trending Articles

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Importance of Scenario Planning and Analysis in Business

ProjectManager.com

Businesses are always straining to look around the corner and see what the future has in store for them. Being able to prepare for the changes in the market can set up a business to take advantage of these opportunities and grow larger and more profitable. This is called scenario planning. To better position a business to be prepared to respond to the unknown, learn what scenario planning is and what the different types of scenario planning are.

Planning 249
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Improve Product Management to drive Business Agility

Scrum.org

Business agility is similar to the agility we observe at the team level, but it extends across the entire company. It is a Holy Grail many companies try to obtain. Companies want business agility to outperform their competitors. It will allow them to fluently and effortlessly absorb new market trends and opportunities at no additional cost. This blog describes how Business Agility can be achieved with Product Management by moving up on the Org Topologies™ map.

Agile 153
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Interim Investing and ESG: The Evolution of Investment Strategies in Projects

Green Project Management

In recent years, Environmental, Social, and Governance (ESG) criteria have rapidly moved from the fringes to the forefront of global investment strategies, profoundly influencing how projects are evaluated, financed, and implemented. This seismic shift reflects a broader acknowledgment within the investment community of the significant impact that sustainable practices have on long-term profitability and risk […] The post Interim Investing and ESG: The Evolution of Investment Strategies in

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10 Steps for Successful Project Completion (Templates Included)

ProjectManager.com

Project planning, execution, monitoring and controlling are often the focus of project management. Even project initiation gets attention, but project completion is usually mentioned as an afterthought. That’s a mistake. Every phase of a project is important. Project completion is more than delivering on time, within budget and meeting quality expectations.

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Toward a Unified Project Management Understanding

The objective of this research is to dispel misunderstandings about crucial project management terms and their definitions. It aims to accurately place these terms and facilitate a comprehensive global understanding of their meanings.

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Ganttic Update: Duplicating Accounts

Ganttic

As we get to the midpoint of 2024, we’ve been hard at work developing new features that make your Ganttic planning even better. Our latest update includes an easy way to duplicate your account settings. Perfect for managers in charge of multiple accounts, or those looking for a clean planner for sandbox style planning and API testing. Read on to find out about the Create New Account function in Ganttic.

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How to Estimate Your Project Schedule

Online PM Courses

Arriving at a robust project schedule is hard. But, in this video, I will break it down into a simple process with three phases and 10 steps The post How to Estimate Your Project Schedule appeared first on OnlinePMCourses.

Estimate 111
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RAG Status in Project Management: Importance & Benefits

ProjectManager.com

Key performance indicators (KPIs) provide projects with a lot of data. But to know whether those KPIs are on target requires more than just a gut feeling. You need a way to quickly and expertly evaluate whether project goals are being met. That’s what a RAG status does. RAG status begins with understanding the acronym and how RAG status is used in project management.

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Can a Project Manager be a Scrum Master?

Scrum.org

When companies dip their toe in Agile waters, they often start by simply trying out an Agile framework such as Scrum to deliver something relatively small, such as a project. And that's a great way to start. However, with this comes the question: Can a Project Manager be a Scrum Master? The answer is yes - but with caution. While the transition may require some adjustment and a shift in mindset, Project Managers possess a wealth of experience and skills that can - for many - actually be benefici

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16 Agency Metrics & Data to Track For a Profitable Business

Scoro

As an agency, profitability depends greatly on accurately tracking and understanding your company’s key metrics and data. This includes not just financial metrics, but also operational, sales, and project management data. In this guide, we’ll walk you through 16 key agency metrics and data to know and track to improve your agency’s profitability.

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Navigating the Future: Generative AI, Application Analytics, and Data

Generative AI is upending the way product developers & end-users alike are interacting with data. Despite the potential of AI, many are left with questions about the future of product development: How will AI impact my business and contribute to its success? What can product managers and developers expect in the future with the widespread adoption of AI?

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Service Management and The Post Office Scandal

The IIL Blog

Why Governance is Important By Sophie Hussey Picture yourself on a stage in a massive room at a conference at the ExCeL in London, about to take part in a panel discussion about The Post Office scandal and the links to service management. Adding to the image you’ve got in your head, picture rows of packed seating in front of you, with additional people standing behind and along the aisles totalling somewhere in the region of 250-300 people in the audience, as the panel discusses a topic of dee

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How to Calculate Billable Hours the Right Way [Step-by-Step]

Teamweek

Billable hours is the time professionals spend on client work they can charge for. Tracking billable hours throughout a project ensures a client is charged correctly when it’s time to invoice and prevents under or overbilling. Honesty and transparency around billable hours can also help build client trust. In this article, you’ll learn five steps to calculate billable hours accurately: Agree on billable tasks and rates Set up the project, tasks, budgets, and billable rates Track billable and non

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Don't Let Your Agile Spark Fizzle Out! 5 ways to Reignite Your Team's Fire with These Pro Tips

Scrum.org

Ever felt like your agile game is more of a sluggish shuffle? You’re not alone. Imagine you’ve just rolled out what should be a game-changing agile transformation. Yet, things are somehow just as slow—if not slower—than before. Frustrating, right? It’s like prepping a gourmet meal and having everyone just pick at their food. Here’s the truth: keeping the agile flame alive can be a real headache.

Agile 183
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9 Project Management KPIs To Track For Profitable Projects

Scoro

Monitoring key performance indicators (KPIs) throughout project lifecycles helps determine which projects are on the right track. And which ones need help to hit your company’s financial and operational targets. Let’s explore the importance of KPIs and our top 9 project KPIs to monitor to boost your profits. What is a KPI in project management? KPIs are quantifiable metrics used to measure progress toward specific business goals.

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Understand Digital Debt, Form a Team, Set Goals, and Plan Roadmap for Transformation

Understanding digital debt is crucial before digital transformation. Assemble a team to assess internal operations, market pressures, and digital debt's impact. Define future digital vision with measurable goals. Refine hypotheses and conduct market analysis. Develop a roadmap for transformation with defined projects, cost estimates, and governance.

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Revolutionizing Project Management: The AI-Driven PMO and Its Transformative Potential

MPUG

Introduction Welcome to the transformative world of project management, where artificial intelligence (AI) is not just a buzzword, but a game-changer in the way Project Management Offices (PMOs) function. Hi there, my name is Rich Weller. I have been in the Project Management profession for nearly 30 years. Throughout my career, according to experts tracking the stats, I have witnessed incremental improvements in project success rates.

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The Importance of Digital Accessibility in Virtual Interviews

Teamweek

Over a billion individuals worldwide navigate the challenges of living with disabilities , particularly when it comes to finding employment. Yet, the rise of remote work and the adoption of virtual interviews have offered unexpected opportunities. What’s so revolutionary about virtual interviews and remote work options? They bring to light the critical need for digital accessibility in both hiring and day-to-day work environments while also making it easier to ensure that online resources,

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8 lessons IT Project Teams can learn from Chatsworth International Horse Trials

Project Accelerator News

Blog by Nicol Cutts, Head of Projects, Professional Services at Stoneseed. As I sat, musing about what to write for this very highbrow and important Stoneseed IT Project Management blog, my eyes caught sight of my tickets to Chatsworth International Horse Trials. I allowed the tickets to distract me, I remembered past events and the beautiful relationship between rider and horse, the multi-skills that lead competitors to succeed at the different disciplines and the resilience needed to complete

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Scrum does not work!

Scrum.org

Scrum is often misunderstood. Many see it as a series of endless meetings with little actual progress. This couldn't be further from the truth. Scrum events, often mistaken for unproductive ceremonies, are designed to facilitate continuous inspection and adaptation. Each event serves a purpose, driving the team towards achieving the Sprint Goal and delivering value.

SCRUM 150
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Strategic Project Finance Essentials: A Project Manager’s Guide to Financial Metrics

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 expend

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Simplifying Procurement in Project Management

Project Pulse Journal

By: Meredith G. Malinawan, PMP Are you struggling to navigate the complexities of procurement in your projects, feeling overwhelmed by the daunting task of managing numerous suppliers and contracts? Imagine a streamlined approach that simplifies the procurement process and aligns perfectly with your project's strategic objectives. With effective procurement strategies, you can transform a traditionally complicated process into a clear and manageable pathway that directly supports your project's

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Project Leadership: What Does it Really Mean to Lead, Not Manage?

MPUG

In his 1990 book, “On Becoming a Leader,” Warren Bennis articulated his famous 12 differences between managers and leaders. The last is the best-known: ‘The manager does things right; the leader does the right thing.” But others are instructive for us. To paraphrase Bennis, “The project manager focuses on systems and structure; the project leader focuses on people.

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How do Lawyers Track Billable Hours? Ways, Benefits & More

Teamweek

Many lawyers and law firms lose valuable billable hours when tracking their time. These lawyers typically use the following outdated and clunky time tracking techniques: Calendar time tracking Email time tracking Phone call time tracking Spreadsheet time tracking Billable hours charts Such time tracking methods can’t keep up with the fast pace of law work environments and ever-changing schedules.

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Integrating Artificial Intelligence into Agile Project Management By Dr. Leon Herszon, Ph.D.

International Institute for Learning

Integrating Artificial Intelligence into Agile Project Management By Dr. Leon Herszon, Ph.D. Abstract This White Paper provides an overview into how Artificial Intelligence is reshaping agile project management. As AI technologies mature, they offer tools for enhancing decision-making processes, automating routine tasks, and personalizing stakeholder interactions.

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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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Top 5 Pitfalls of New Product Owners and How to Avoid Them

Scrum.org

Stepping into the Product Owner's shoes can be both exhilarating and daunting. In any Scrum team, Product Owners are crucial in driving the product to success. However, transitioning into this pivotal position often comes with a learning curve, and mistakes are part of the journey. Recognizing them early can set the stage for success. Here are some of the most common pitfalls that new Product Owners encounter and practical advice on how to avoid them. 1.

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Change Management Strategy in Projects

Project Pulse Journal

By: Hajime Estanislao, PMP, CSM Are you struggling to keep your projects on track amidst constant change? You're not alone. Change is inevitable in businesses and organizations and requires a strategic approach. Change management strategies in projects are now an expectation and a relevant skill for the project and non-project professionals alike. It's the art of steering teams and organizations through new processes and systems.

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Focus – A Critical Success Factor

PM Times

The ability to focus is a critical success factor for project managers, business analysts, and anyone else who is in a task-oriented position. On the project level, it is costly when resources divide their attention between multiple projects. Stop, start, and stop again performance has an overhead. The same is true for individuals. Without focus […] The post Focus – A Critical Success Factor appeared first on Project Management Articles, Webinars, Templates and Jobs.

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Bye 9-to-5: Employees Want Flexible Working Hours

Teamweek

Henry Ford is world-famous for his innovative methods, his impact on the car industry, and one more thing — popularizing the 40-hour workweek in the 1920s. That was 100 years ago, though! No wonder the 9-5 has fallen under serious scrutiny , with the global pandemic serving as a major catalyst for the calls for change. Although the pandemic accelerated the shift towards remote work, the demand for flexible hours is more than just a trend — it’s a growing expectation among employees.

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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