January, 2022

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15 Powerful Benefits of Project Management

Project Bliss

Many organizations don’t fully understand the benefits of project management. Here’s how your skills and expertise help organizations deliver greater value for their efforts. This article was originally published on September 30, 2016, and has been updated. Can you easily explain the value you provide to an organization as a project manager?

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Eight Tips to Build a PMO

Project Risk Coach

Some Project Management Offices (PMOs) never get off the ground. I've seen others that are implemented and a year or so later die a slow, painful death. So, how can you build a PMO, one that thrives? Why Are There So Many Troubled PMOs? Many PMOs fail to realize their potential. Why? There are several reasons, but one of the top reasons is the failure to engage key stakeholders.

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Project Management and Leadership – can you have one without the other?

Rebel’s Guide to PM

Andrew Trainer. This is a guest post by Andy Trainer of Silicon Beach Training. Project management is a field that is becoming increasingly valued within both large and small organizations – our project management training has never been so much in demand! It’s now widely recognized that having employees with great project management skills leads to more efficient processes, better uses of time, and less wastage than without.

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9 Essential Excel Spreadsheets for Tracking Tasks, Costs and Time

ProjectManager.com

Your work isn’t going according to plan. Nobody has enough time or money to do their tasks. The best you can hope for is to finish them quickly, saving as much time and costs as possible. If you’re in this spot, then you may seek out some task, cost and time tracking templates for Excel. We’ve collected ProjectManager’s 9 best Excel spreadsheets for tracking that you can download and use for free.

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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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The 9 Biggest Project Management Trends in 2022

Inloox

Content. Remote work & leadership. Bigger focus on soft skills. Professionalization of project management & increasing demand for project managers. Agile is here to stay. Value and principle-based perspective. AI, machine learning & automation. Cloud as the standard. Lifelong learning & knowledge management. Sustainability & social responsibility. 1.

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Are your team members “Givers” or “Takers”?

Kiron Bondale

Having recently finished Adam Grant’s latest book, Think Again, I decided to read his first book Give and Take: Why Helping Others Drives Our Success. Like all of his books, Adam provides good insights into our interactions with others along with multiple examples and case studies supporting his assertions. In case you haven’t read the book, Adam believes that people will default to one of three stances: takers, matchers or givers.

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How Poor Risk Management Is Hurting Your Program

Project Risk Coach

Poor risk management is costly. Program managers are caught off guard by emerging risks. And these risks may turn into issues costing more time and money. But, it doesn't have to be that way. We can identify risks early. We can assess and prioritize our risks, allowing us to make better use of our limited time. Let's look at the cost of poor risk management through the example of Tom Whitley.

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Project Management Trends [2022]

Rebel’s Guide to PM

There’s no denying that project management today looks different to how it did even 5 years ago. Project management trends shape our profession. We see technology evolving, new tools, consolidation, innovation and more. Trends come and go, or they stay with us and evolve into new ways of working that stick around and become “the way we do things around here.”.

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Matrix Organizational Structure – A Quick Guide

ProjectManager.com

It’s recommended to have a matrix organizational structure in place to define how your project team will function. Projects have many activities, from resource planning to task management and everything in-between. Therefore, that organizational structure shouldn’t be rigid, but flexible and efficient. Every organization is structured in some way, and that structure is determined by its business goals and project objectives.

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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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We are entering the Deployment Phase of the Digital Age

Scrum.org

As of today the top 10 most valuable companies in the world as defined by market capitalization are Apple, Microsoft, Saudi Oil Company, Amazon, Alphabet, Facebook, Tencent Holdings, Tesla, Alibaba, and Berkshire Hathaway. Of course, this list changes with the markets, but if you compare that to 2011, the list is 60% different. Compare to 2001 there is only one company that is on the list, Microsoft.

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Diagnosis: Micromanagement? Here’s how to cure it!

Inloox

Are you a micromanager? Are you a micromanager? If some or any of the following statements apply to you, you probably are: The majority of your work time is spent on day-to-day operations. You have been promoted from subject matter expert to manager, but you still have the most expertise in your field within the company. You believe that as soon as you don't take a closer look, everything gets out of hand.

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“Long-term consistency beats short-term intensity”

Kiron Bondale

Bruce Lee might have been referring to improvement in one’s mastery of the martial arts when he uttered the title of this week’s article, but when Daniel Pink referenced it in his latest Pinkcast , it reminded me of how apropos it is to many things. With gyms closed in Ontario due to the soaring cases of the COVID-19 Omicron variant, I haven’t been witness to the usual annual phenomenon of fitness newcomers doing excessive work outs for the first couple of weeks of January only

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7 Essential Steps to Robust Project Scheduling

nTask

Project scheduling is a critical part of the project life cycle. It determines if the end results of a project will be achieved within the set timelines. However, project managers often face challenges when they start scheduling their planned work, as it requires careful consideration of various underlying factors. But it doesn’t have to be so challenging.

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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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7 Best PRINCE2 Books for 2022 (Including PRINCE2 Agile Books)

Rebel’s Guide to PM

This article first appeared at Rebel's Guide to Project Management. The PRINCE2® certification exam is tricky to pass because of the style of objective testing and the number of questions you have to answer. But PRINCE2 itself is not a difficult method to learn – and the official manual is actually pretty easy to follow and understand. When I did my Foundation and Practitioner exams, I only used the two official PRINCE2 handbooks: Managing Successful Projects with PRINCE2. and the partner b

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What Is a Project Scope Baseline & How to Create One?

ProjectManager.com

Learn what is a project scope baseline and how to make one. In this video, our host Jennifer Bridges PMP explains how to define the project scope and why it is important to create a scope baseline for your projects. But before we move into that, let’s start with the definition of a project scope baseline. What Is a Scope Baseline? A scope baseline is an approved version of your project scope, which is documented in a scope statement , work breakdown structure (WBS) and WBS dictionary.

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How to Fail as an Agile Coach in Scrum

Scrum.org

Scrum defines three specific accountabilities within the Scrum Team: the Developers, the Product Owner, and the Scrum Master. — Scrum Guide 2020. When it comes to the Scrum framework, these three roles with their accountabilities are the minimum required to deliver a potentially “done” Increment. The fact that Scrum doesn’t define other roles/positions/functions (how you want to call them) doesn’t rule out the fact that their accountabilities aren’t valuable.

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Worst Practice in Project Management

Inloox

Worst practice in 4 steps What is worst and best practice anyway? Perhaps some of you are now wondering what worst and best practice actually is. Let's start with a brief definition of these two terms: Best Practice is mainly used in benchmarking processes. In this context, best practice represents the best realized solution for an issue or a project.

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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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How to Solve the 5 Top Challenges of Manufacturing Projects

LiquidPlanner

When you work through manufacturing projects, you face some unique challenges, often with a lot at stake. You have to deliver your product at consistently high-quality standards, navigate end-to-end supply chains and manage strict time-to-market deadlines driven by eager customers or seasonal demands. In some cases, the entire project might be following a process where design, scope, cost, and time scales were fixed at the very beginning.

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Could psychological safety increase organizational risk?

Kiron Bondale

In a presentation I gave to the members of a PMI Chapter on the topic of psychological safety, one of the attendees asked a great question. If a team possesses a high level of psychological safety, does this increase the likelihood that one of its members might feel safe taking a risk which goes beyond the risk tolerance of the team, the line of business or the organization as a whole?

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How to Become a Project Manager in 2022: 3 Ways to Get A Job (with examples)

Rebel’s Guide to PM

This article first appeared at Rebel's Guide to Project Management. The projects that you read about in the media are often high profile, with budgets in the multimillions or even billions. They all seem to be led by highly experienced project managers who have the confidence and skills to deal with the complex sociopolitical environments of their projects, international and virtual teams and other factors that make their work particularly challenging.

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How to Create a Workflow Diagram for Your Project (Free Tools Included)

ProjectManager.com

A workflow diagram lets you view the whole project in one flow chart. All of your tasks and how they move from one to the next are outlined in the project plan , of course, but having a visual is a quick and easy method to see the big picture. Every tool that helps define the project and make it more manageable is valuable. What Is a Workflow Diagram?

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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 10 Challenges Faced by Scrum Masters and Ways to Overcome them

Scrum.org

. The portrayal of a Scrum Master on a Scrum Team is barely the same as the role of the traditional Project Manager. A project manager generally has to go through a hierarchy of a pyramidical system. Scrum Masters have their own ways of not being an overlord in the traditional sense and are more focused on being the facilitator at the same level as others on their team.

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6 Key Things That Block True Business Agility—And How to Address Them

Leading Agile

Once we get started on the journey toward becoming Agile—whether we’re at the start or further along in the process—we often notice there’s conflict between different parts of the organization. This is usually because we start with team-level Agility thinking that’s all we need. But what we may have failed to consider is how the rest of the organization will need to change to exploit this new delivery capability.

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Improve Your Productivity & Get Rid of Your Project Demons

LiquidPlanner

Reflecting on last year, we can all identify things that undermined project progress or inhibited success. I call these things Productivity Demons or Project Demons. They consist of the little things in a project that you don’t want to do, that you procrastinate or try to delegate ineffectively. You know they need to be done, but drive you a bit crazy so you avoid them at all costs.

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January 2022 - PMI-ACP Supported Self-Study Group

Leading Answers

The next 7-week PMI-ACP Supported Study Group with Mike Griffiths is starting soon. Register by January 15 th for Earlybird pricing of just $99 (regular $199). This live 7-week online book-club / self-study program works as follows: Read one chapter of my PMI-ACP Exam Prep book each week. Join me for a one-hour Zoom call to review topics and ask any questions you may have.

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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