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Mike Clayton defines risk as “uncertain events that can affect outcomes,” in his book, Risk Happens!: ManagingRisk and Avoiding Failure in Business Projects. Riskmanagement is the most important of your project controls. So what exactly is project riskmanagement?
You can earn PDUs (professional development units) for ongoing certification renewal, such as for the Project Management Professional (PMP)®, from reading. I’ve read, I’m guessing, over 150 managementbooks in my career, and you can read my book reviews if you want to trawl through the archives.
Project management is no different. The Project Management Institute (PMI) is a nonprofit organization for those working in project management across the globe. If you have even a passing interest in the field, then you’ve bumped up against PMI. Quick Facts About PMI. The PMI footprint is huge.
Project managers who want to move more into a strategic delivery role dont always have that many choices. Career paths tend to lean towards larger, more complex and more strategically important projects, or program management. Have you thought about moving into portfolio management? What does a portfolio manager do?
I've seen project managers and other colleagues crash and burn. Lots of senior managers. There is a reason that project management has a code of ethics. I could write my book without his case study (and I did). It's a game-changing book! Today I want to talk about the opposite: what you should avoid doing at work.
I asked 570 project managers these questions (and more) to find out what life is like in 2024 for project managers leading multiple projects, to follow on from my research on the same topic in 2022. This wasn’t a survey about project portfolio management at the PMO level. So no change there.
I recently had a project manager ask me which of the PMI certifications he should pursue. That depends—it depends on your goals as a project manager. Certainly, the Project Management Professional (PMP) ® and the Project RiskManagement Professional (PMI-RMP) ® certifications supercharged my project management career.
Every project has risks—events or conditions that, if they occur, have positive or negative effects on a project’s objectives. And project managers are riskmanagers, some better than others. Here are some things you should know about the PMI-RMP. Here are some things you should know about the PMI-RMP.
Do you need to earn PDUs to maintain your PMI certification? If you hold a PMP ® , PgMP ® , PfMP ® or PMI-PBA ® certification, you need to earn 60 PDUs every three years. If you hold a PMI-ACP ® , PMI-RMP ® , PMI-SP ® certification, you need to earn 30 PDUs in a three-year cycle. You’re in the right place!
In this article we’ll look at the types of artifacts in project management, typical documents for each type. In project management, artifacts relate to documents: the project documentation you produce that defines and supports the work you are doing. For example: a project management artifact is the project closure document.
A Guide to the Project Management Body of Knowledge – ( PMBOK® Guide ) 7 th Edition represents a major shift in the way ‘how to do project management’ is presented by PMI. Instead of the Knowledge Areas , we have the whole body of project management split up into 3 performance domains. Domain I: People.
Becoming a PMIRiskManagement Professional (PMI-RMP®) can be difficult. Project managers are busy people. How can these individuals earn the required PMI-RMP contact hours? One hour of project riskmanagement instruction equals one contact hour. What is a Contact Hour? What is the Time Frame?
A project manager approached me recently with a problem. That didn’t sit quite right with her (and she didn’t know she was a perfect example of a project management ethics case study when she was telling me the story!). What is Ethics in Project Management? What are ethical issues in management?
I have updated my responses in order to better reflect the PRINCE2 and A Guide to the Project Management Body of Knowledge — PMBOK® Guide , as at October 2021 as the PMBOK® Guide has been updated since this interview first took place, and PRINCE2 US was launched in 2020. She first took her PRINCE2 Practitioner exam in 2004.
This article reviews and explains the 10 project management Knowledge Areas from the PMBOK® Guide – Sixth Edition. All the things you need to know and do for successful riskmanagement, for example, are bundled under the RiskManagement Knowledge Area. So how many knowledge areas are there in project management?
It has been 10 years since the PMI-ACP exam was created, and I published my PMI-ACP Exam Prep book. Since then, the exam has been updated a couple of times based on Role Delineation Studies (RDS) and Job Task Analysis (JTA), which is how PMI surveys practitioners and asks what techniques are commonly used.
Successful CEOs Ram Charan and Larry Bossidy define execution in their book Executive: The Discipline of Getting Things Done : “Execution is a specific set of behaviors and techniques that companies need to master in order to have a competitive advantage. During this phase a project leader will focus on these key processes: Managing people.
The book includes a list of 50 secrets in Appendix D which is a summary of The Standish Group’s Chaos Manifesto 2012: The Year of the Executive Sponsor. Understand project management techniques. Yes, this is the job of the project manager, but you don’t want them to be able to bamboozle you with jargon. Those are the headlines.
This article, The Project Manager’s Little Book of Cheats [Book Review] , first appeared on Girl's Guide to PM. There’s no such thing as cheating in project management,” writes Beth Spriggs , “but if there were it would be this book.”. I love books that are practical and applicable, and this is both.
Weddings — in fact, event planners are excellent at managing fixed date projects because every event has a fixed date on which it will take place and the project to deliver the event has to be done on time. LeRoy Ward, PMP , PgMP, and PMI Eric Jenett Project Management Excellence Award winner, when I asked him for his view.
Do you need to earn PDUs to maintain your PMI certification? If you hold a PMP ® , PgMP ® , PfMP ® or PMI-PBA ® certification, you need to earn 60 PDUs every three years. If you hold a PMI-ACP ® , PMI-RMP ® , PMI-SP ® certification, you need to earn 30 PDUs in a three-year cycle. You’re in the right place!
To understand why, let’s draw a parallel to project riskmanagement. Teams might do a reasonable job at identifying risks, assessing them and coming up with risk response recommendations for the higher priority ones. Unfortunately, often times those risk responses never get implemented.
Project management standards such as the PMBOK® Guide, Sixth Edition state that contingency reserves, which are established to offset the cost or schedule impacts of realized identified risks, are considered part of the project budget and cost baseline. This matches my own experience from the previous two companies I worked for.
Project management consultants don’t only add value to a project, but they can help introduce project management processes to any team. It’s a great career transition for current project managers to consider. What Is a Project Management Consultant? What Is a Project Management Consultant?
I ran a subscriber-only webinar a while back about trends in project management collaboration tools and the barriers to adopting new technology in a project environment. That’s it in a nutshell, but that Expert Guide has more detail and my book, Collaboration Tools for Project Managers, covers this in depth.
Why are many project managers confused over risks? Why do some project managers include positive risks in riskmanagement and others do not? Let's clarify what we mean by the term risk. Risk is a Choice Merriam-Webster defines risk as “the possibility of loss or injury: peril.”
The best project managers invest time in professional development. It might not always be easy, but continually learning is one of the sure-fire ways of staying on top of the trends in project and programme management. Do you want more suggestions for free and low cost ways to build your project management skills?
Working with people is the main part of project management. Project resource management is how you do this. In this article, I’ll show you what project resource management is, set out a simple process to do it, describe the tools to help and give you tips to overcome some of the common issues. Resource Management Definition.
Recently I audited the Fundamentals of Project Planning and Management course from University of Virginia Darden Business School. It’s one of the most popular project management courses on Coursera. Who is the Fundamentals of Project Planning and Management course for?
To keep to your schedule and manage costs, you need to gather and process project data throughout the five PMBOK project management groups. What Are the 5 PMBOK Project Management Process Groups? Project managers use the five project management phases to structure projects and lead them from beginning to end.
There’s no denying that project management today looks different to how it did even 5 years ago. Project management trends shape our profession. So what are the emerging trends in project management that are going to shape how you do your job in the future? How project management is evolving. Managing a hybrid team.
We aren’t managing projects now in the same way that people managed projects years ago. The approaches taken by many companies and professional bodies to managing projects are different now to when I first started out in the field in 2000ish. How long has project management been around? Technology.
A Guide to the Project Management Body of Knowledge – ( PMBOK® Guide ) Seventh Edition represents a major shift in the way ‘how to do project management’ is presented by PMI. Instead of the Knowledge Areas , we have the whole body of project management split up into performance domains.
We aren't managing projects now in the same way that people managed projects years ago. The approaches taken by many companies and professional bodies to managing projects are different now to when I first started out in the field in 2000ish. How long has project management been around?
For the last four years, I’ve published my annual women in project management blog for ProjectManager.com. Even after all that time, women in project management are still a hidden key to our global and economic sustainability. Related: Advice for Women in Project Management. It’s Time to Change the Ratio.
Consider this your civics lessons in project management. The term project governance refers to the set of activities and guidelines that determine how a project will be planned, executed and managed. It’s clear that project governance is a big job and one that needs a project management software to handle all its responsibilities.
While presenting the project riskmanagement knowledge area from the PMBOK framework, when I indicated that while in our daily conversations risks are usually threats there can be positive risks as well, I was met with some disbelief and skepticism. A positive risk is not something recognized outside of the PM space.
By Dr. Al Zeitoun and Dr. Harold Kerzner July 24, 2024 The future of project management must have a balance between the tactical and strategic focus, in addition to a balance between digital and human. Q1) Based on your observation, what are the challenges facing project management now? Project Management (PM) 4.0
Material on the Knowledge Areas can still be found in the PMI web guidance which members have access to, called Standards Plus. This article reviews and explains the 10 project management Knowledge Areas from the PMBOK® Guide -- Sixth Edition. How many knowledge areas are there in project management?
I've closed out lots of projects in my 20+ years career as a project manager. Of all the project management processes, closeout is probably my favorite because it's the final box to tick and it's so satisfying to know that you've finished. Then you can learn from my mistakes and make sure you can move on from your projects.
The big risk as a project manager is that you hit all the project management success criteria: being on time and on budget, but what you deliver doesn’t meet the customer’s requirements. A project quality management plan can help with that. The basics: What is a quality management plan? What quality looks like.
Project Management has come a long way from its traditional roots. With the rise of digital transformation , remote work , and the growing complexity of projects, the role of project managers has become more crucial than ever. What distinguishes these influencers in the landscape of project management thought leadership?
In the projects I’ve managed or supported, I’ve rarely seen all of these conditions met, but would accept that they might be common in certain domains. I would hope that this implies that most project managers are aware of Brooks’ Law. However, it is unfortunate that scope reduction was not the favorite option.
I’ve seen project managers and other colleagues crash and burn. Lots of senior managers. There is a reason that project management has a code of ethics. I could write my book without his case study. If you don’t talk about problems then you risk hitting your manager with bad news.
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