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.

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Incremental Delivery controls risk

Scrum.org

I really can’t let this incremental delivery topic go. According to the 2020 Scrum Guide , “Scrum employs an iterative, incremental approach to optimize predictability and to control risk.” This means that Scrum teams deliver a done, usable increment of working product frequently. Here's an analogy to explain incremental delivery in a simple way. Imagine if you needed to deliver a giant hexagon.

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What Is Kanban? Meaning, Definitions & Best Practices

ProjectManager.com

Kanban is all the rage in project management. In fact, kanban has grown so much in popularity, there are now countless project management tools to help people plan and prioritize tasks on kanban boards, which are visual panels with virtual cards that can be moved around by the user to arrange orders of tasks or to-do items. If you’re not familiar with this methodology, there’s a high chance you’re asking yourself “what is kanban” or “what does kanban mean?

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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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The Project Clinic: Assessing Project Health, Planning, and Execution

Speaker: Ketan Jahagirdar

Picture your projects as patients, each with its own unique rhythm and pulse, thriving under your care 🥼 🩺 Step into the role of an innovative project doctor in our upcoming webinar! This session is your guide to evaluating the health of your projects through Waterfall and Agile practices like Scrum and Kanban. We’ll explore the vital signs of project success through the lens of the “iron triangle” metrics, unveiling how deliverables translate into measurable outputs.

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Managing Money on Projects: Training (June 2024)

Rebel’s Guide to PM

Do you want to better understand your project finances under control, even if you don’t have much experience managing money on projects? You might have studied project budgeting as part of a training course. You might have read a lot about how to manage the finances, but now you feel more confused than ever, trying to piece it all together on your own!

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Cost: Let's review

Musings on Project Management

How many ways are there to say "Cost"?Certainly, more than one!When "they" ask: 'How do YOU manage cost?", your answer is: 'It's complicated' because there are so many varieties of 'cost'.

Estimate 150
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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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Organising Around Value Stream Increases Business Agility

The IIL Blog

By Nagaraja Gundappa First things first – let’s define business agility: Business agility, alternatively called enterprise agility and organizational agility, is the ability of an organization to rapidly adapt to market and environmental changes in productive and cost-effective ways according to PMI’s Disciplined Agile. So, business agility is not just many projects across the business adopting agile software development.

Agile 148
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What is an Agile Release Train? (ART)

Online PM Courses

In this video, I answer the question, what is an Agile Release Train (ART) in the Scaled Agile Framework (SAFe)? The post What is an Agile Release Train? (ART) appeared first on OnlinePMCourses.

Agile 134
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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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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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Risk Management: Chains and funnels

Musings on Project Management

What to make of chains and funnels? And, if I also stick in anchors, does it help? What I'm actually talking about is conjunctive events, disjunctive events, and anchor bias:Conjunctive events are chains of event for which every link in the chain must be a success or the chain fails. Success of the chain is the product of each link's success metric.

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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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Change Management in Transformation Projects : A Look Back at Some of the Essentials

The IIL Blog

By Olivia LE JEUNE and Jean-Roch HOULLIER Change management can be defined as all the operations carried out within an organization to enable it to adapt to change and environmental evolution. It is particularly human-centered, with cultural, behavioral, and social components for the individuals and teams affected. Here’s an insight based on our experience of change management within our projects.

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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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Leadership-Risk linkage

Musings on Project Management

When applying the principle of "calculated risk", leaders should pick subordinates with the intellectual subtlety to evalutate strategic and operational problems in their full context. They should be given the latitude to judge just how much risk is appropriate given the value of the objective and the balance of resources. Paraphrased from the writings of historian Craig L.

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Capacity Management in Business Operations

ProjectManager.com

Businesses need to thrive, grow more profitably and stay competitive in a marketplace that is constantly changing. That means increasing their output to the greatest extent possible. The process of achieving that goal is called capacity management. To understand capacity management, we’ll first fully define the term, list the different types and explain why it’s so important in operations management.

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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.

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The Art of Project Management: Essential Upskilling Strategies for Success

The IIL Blog

By Steven Briggs May 8, 2024 Learning and development are crucial for professionals seeking to advance their careers, as it equips them with the necessary tools and skills needed to facilitate professional growth and reach their goals. Project managers keen on levelling up in this field are well aware of the future benefits this industry offers. At present, project management is a high-income field, with many employment opportunities in various industries such as Information Technology (IT), fin

Finance 88
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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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How Do I Measure Success as a Scrum Master?

Scrum.org

In my experience, understanding how we measure success as a Scrum Master can be challenging. And of course, it’s something Scrum Masters have a strong desire to understand. This is also what the trends show us from the thousands of people in over 100 countries who are using the free Scrum Master Improvement Self-Assessment. We have a survey item that specifically speaks to this question: how do I measure success as a Scrum Master?

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The Dangers of the Hero Management Style

Susanne Madsen

In this post I’ll talk about one of the most prevalent leadership styles I see in project management – the hero project manager. Why are we so drawn to this style of management? How can it be a trap that leads to poor performance and burnout? What would a more effective and empowering leadership style look like? Essentially, the hero project manager is someone who flies in and saves the day, moving the project forward based on their personal involvement and telling others what to do.

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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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How to Manage Several Projects at Once

Velociteach

Managing multiple projects simultaneously is a common challenge for most project managers. Balancing competing priorities, aligning different project teams, and maintaining productivity can seem daunting. Drawing insights from Elizabeth Harrin’s expertise as shared in the podcast episode from “Manage This,” along with additional strategies and tools, this blog explores effective ways to juggle multiple projects […] The post How to Manage Several Projects at Once appeared first on PMP Certi

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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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My successful PfMP Journey: Set the goal and pursue it till the end!

The IIL Blog

By Jennifer Lapin My PfMP journey was not typical. I believe that all my effort and time invested alongside my unique journey of exam preparation were worthwhile and paid off in greater satisfaction and better result achieved at the end. People ask me if it is necessary to take a preparatory course. It is not strictly necessary but based on my experience I strongly recommend taking one to significantly increase your success chances.

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DevOps and Agile are two sides of the same Coin!

Scrum.org

From my early days as a developer, encountering the challenges that paved the way for DevOps at Merrill Lynch, to the eventual understanding and implementation of DevOps philosophies, my journey has been both enlightening and transformative. This evolution wasn't just about adopting new tools or practices; it was about a fundamental shift in how we approach software development and operations.

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From Utopia to Reality: Project Management’s Origins in Literature to Our Mandate

Green Project Management

As a student of project management, it’s fascinating to explore the earliest discussions of projects and their societal impacts. Understanding the origins of project management provides some insights into how early thinkers conceptualized organized tasks for the benefit of society. This post shares the foundational ideas that have influenced modern practices, showcasing the evolution of […] The post From Utopia to Reality: Project Management’s Origins in Literature to Our Mandate app

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How to Improve the Warehouse Operations of Your Organization

ProjectManager.com

The better a business’ warehouse operations, the more successful the business is. Warehouse management ensures that stock matches customer demand. Warehouse operations take into account the supply chain and work towards being cost-effective and efficient. To understand effective warehouse operations, you must first be clear on the warehouse operations process and how it plays into the larger warehouse operations management.

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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