March, 2024

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Is the triple constraint in project management still relevant? (Spoiler: No!)

Rebel’s Guide to PM

Projects always have certain constraints – there may be an urgency to complete a project because of external market factors, for example; or there may have to be tightly controlled costs because of a fixed or limited budget. The project will also be expected to deliver on certain expectations including quality levels. What is the Triple Constraint? The most commonly used planning constraint method in project management was historically the “triple constraint” – time, cost and scope –

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Maximizing Efficiency: 5 Best Project Management Tools for 2024

The IIL Blog

By Jodie Hurst Introduction Project management is the soul of a successful organization. Regardless of your business size or role, embracing project management practices to propel your success to new heights. But with so many options in today’s market, how can you choose which project management tools will work the best for your organization? With the right tools at your disposal, you could create a seamless process to finish all your projects before their deadlines, streamline workflow, increas

2024 88
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Using Generative AI to Drive Corporate Impact

TechEmpower - Project Management

Generative AI is revolutionizing how corporations operate by enhancing efficiency and innovation across various functions. Focusing on generative AI applications in a select few corporate functions can contribute to a significant portion of the technology's overall impact. Key Functions with High Impact Generative AI is revolutionizing sales by enabling dynamic pricing and personalized customer interactions, boosting conversion rates and customer satisfaction.

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How to Build and Implement a Project Strategy

ProjectManager.com

Every project is different. While they all have a timeframe and end with a deliverable, they require unique methodologies and steps to reach their goals. Project strategy is the plan that defines a project, which is why project management strategy is so important. To better manage projects, one must clearly understand project strategy, who’s responsible for it in the organization and the steps to create a project strategy.

Budget 409
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The 2nd Generation of Innovation Management: A Survival Guide

Speaker: Chris Townsend, VP of Product Marketing, Wellspring

Over the past decade, companies have embraced innovation with enthusiasm—Chief Innovation Officers have been hired, and in-house incubators, accelerators, and co-creation labs have been launched. CEOs have spoken with passion about “making everyone an innovator” and the need “to disrupt our own business.” But after years of experimentation, senior leaders are asking: Is this still just an experiment, or are we in it for the long haul?

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The Power of Words: Transitioning from 'Project' to 'Product'

Scrum.org

“Words are, in my not-so-humble opinion, our most inexhaustible source of magic.” – a line not only for the fantastical worlds but also for the realms of our daily professional lives. Today, let’s delve into one such magical transformation: transitioning from a ‘Project’ to a ‘Product’ mindset. The vocabulary we choose communicates our thoughts and shapes our perspectives, actions, and outcomes.

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The Velociteach Guide to Delivering Sustainable Projects

Velociteach

By their very nature, certain projects scream sustainability ! An example is the Ocean Cleanup Project , and the laudable work performed by these engineers, project managers, and world-changers who aim to remove plastic from our oceans. Other projects may not have such lofty goals; however, those who lead the project teams should deliver sustainable outcomes.

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Is Your Marketing Project Management Software Falling Short? Signs to Watch For

Admation

If you're pondering over the decision to upgrade your marketing project management software, rest assured, you're in good company. A significant finding from Capterra Management's User Research Report reveals that 44% of organisations have navigated through various project management solutions before settling on their final choice. The primary trigger for this transition?

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Notion Gantt Chart: Key Features, Pros and Cons

ProjectManager.com

Notion is work management software that helps teams from across industries such as product development, engineering or marketing to facilitate team communication, manage tasks and create simple project timelines. While Notion has project management features, is there a Notion Gantt chart? We’ll get to that in a moment. Gantt charts are essential project planning and scheduling tools that can manage and track resources and costs.

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Product Management Considerations for Project Managers

Project Pulse Journal

By: Hajime Estanislao, PMP, CSM Are you looking to bridge the gap between your projects and the ever-evolving market demands? If so, aligning your project outputs with strategic business goals and customer expectations is a necessity. The collaboration between product and project management can seem complex, but finding this balance unlocks your potential to manage essential aspects of the organization.

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Breaking Ground on Better Payment Processes: Strategies for Construction Pros

Speaker: Timothy Allsopp

Payment challenges often lead to delayed projects, financial bottlenecks, and strained relationships. With construction projects becoming more complex, outdated processes are no longer sustainable. By refining financial workflow, companies can improve cash flow, reduce error, and foster trust between stakeholders. Discover practical strategies for redesigning payment systems to overcome workflow challenges while creating a smoother, more reliable process for contractors and subcontractors alike.

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Project Management Job Titles: Understanding the Types of Roles in Project Management

Rebel’s Guide to PM

If you’re searching for a project management job, you’ve no doubt come across a range of different job titles. Which one should you go for? The ‘project manager’ job descriptions have a wide variety of roles and duties, which can make it hard to know what’s right for you. And therein lies the challenge. What ‘project manager’ means to one business will be slightly different to how another company uses the term.

PMO 398
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Planned Obsolescence: An Unsustainable Business Model

Green Project Management

Let’s start by defining some terms. Planned Obsolescence involves designing products to quickly break or become obsolete in the short to mid-term, with the general goal of encouraging sales of new products and upgrades. This business model thrives on consumer dissatisfaction and the constant need for newer, shinier products. However, this approach is ultimately unsustainable […] The post Planned Obsolescence: An Unsustainable Business Model appeared first on Insights into Sustainabil

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How the Scrum Values help with your Sprint Goal

Scrum.org

Goals are a powerful tool. They provide purpose, direction and focus, allow for measuring of progress, facilitate prioritization and encourage commitment. From the Scrum Guide: The Sprint Goal is the single objective for the Sprint. Although the Sprint Goal is a commitment by the Developers, it provides flexibility in terms of the exact work needed to achieve it.

SCRUM 213
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Mastering the PMI-RMP Exam: Effective Study Strategies

Project Risk Coach

Individuals often register for the PMI-RMP exam with the intention of advancing their careers, but some fail to complete their studies or pass the exam. Let's look at three effective study strategies to help you complete your preparation and pass your exam on the first try.1. Develop a Personalized Study PlanSome individual's study plan is […] The post Mastering the PMI-RMP Exam: Effective Study Strategies appeared first on Project Risk Coach.

PMI 221
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15 Modern Use Cases for Enterprise Business Intelligence

Large enterprises face unique challenges in optimizing their Business Intelligence (BI) output due to the sheer scale and complexity of their operations. Unlike smaller organizations, where basic BI features and simple dashboards might suffice, enterprises must manage vast amounts of data from diverse sources. What are the top modern BI use cases for enterprise businesses to help you get a leg up on the competition?

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What Is Organizational Strategy in Business? (Examples Included)

ProjectManager.com

The most successful companies always have one eye on the future so they can not only survive but thrive. That doesn’t happen without an organizational strategy to plan for the organization’s long-term success. Organizational strategy has many layers. We’ll first define the term and then go into the organizational strategy levels, as well as explain its importance in business.

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Unlocking ITIL4: Defining Value and Navigating Career Growth

The IIL Blog

By Sophie Hussey and Georgina Otubela What is ITI and how can it benefit your organisation and support your career development? In this article, we explore the foundational concepts of ITIL 4 and discuss how the ITIL framework has supported their career progression. Why ITIL and what’s in it for you? Regardless of whether you work in a technology function or the wider business, there are many learnings from the ITIL4 framework that can apply.

Defining 167
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57 AI in Project Management Statistics

Rebel’s Guide to PM

We gathered 57 of the top AI in project management statistics to help understand this key development in technology. Recent advancements in tech have changed how project managers work in 2024. Using our 20 years of project management experience, we reviewed AI statistics and trends from trusted third parties, which forms the foundation for this list.

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How to do customer acquisition the right way in 2024

Planio

You can build the best product in the world, but without a solid customer acquisition strategy (and the right team to pull it off), no one will ever use it. But customer acquisition isn’t just about getting users for your product — it can be life or death for your company as a whole. In the last five years, the average cost of acquiring a new customer has increased by a staggering 60%.

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Prepare Now: 2025s Must-Know Trends For Product And Data Leaders

Speaker: Jay Allardyce, Deepak Vittal, Terrence Sheflin, and Mahyar Ghasemali

As we look ahead to 2025, business intelligence and data analytics are set to play pivotal roles in shaping success. Organizations are already starting to face a host of transformative trends as the year comes to a close, including the integration of AI in data analytics, an increased emphasis on real-time data insights, and the growing importance of user experience in BI solutions.

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Can Kanban Revolutionise Your Workflow?

Scrum.org

In my journey through the realms of Agile and project management, I've encountered numerous strategies and philosophies aimed at refining the process of work delivery. Yet, one philosophy that consistently stands out for its flexibility and profound impact on workflow efficiency is Kanban. This approach, far from being just another methodology or a set of best practices, offers a unique lens through which to view our existing systems and processes.

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Some Big Words about the Risk Register

Musings on Project Management

Every PMO plan includes some form of risk management, and a favorite way to communicate risk to your team, sponsors, and other stakeholders is the (ageless) risk register.So much has been written about the ubiquitous risk register, it's a wonder there is anything more to be said.

Risk 170
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How Project ERP Can Benefit Your Project-Based Organization

ProjectManager.com

Resources, such as people, materials and equipment, are needed to deliver projects. Being able to plan, manage and track those resources to meet the needs of a business is called project ERP or enterprise resource planning (ERP) project management. There are software projects designed for project ERP, but before we get to that, let’s define the term and how it differs from traditional ERP solutions.

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5 Key Statistics on How the PMP Certification Will Boost Your Salary and Career

The IIL Blog

By Nicholas Mendez March 13, 2024 Are you ready to take your project management career to the next level? In today’s rapidly evolving professional landscape, staying competitive and advancing your career in project management requires more than just experience and skills. One significant way to distinguish yourself is by obtaining the well sought after Project Management Professional (PMP) ® certification.

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How to Drive Cost Savings, Efficiency Gains, and Sustainability Wins with MES

Speaker: Nikhil Joshi, Founder & President of Snic Solutions

Is your manufacturing operation reaching its efficiency potential? A Manufacturing Execution System (MES) could be the game-changer, helping you reduce waste, cut costs, and lower your carbon footprint. Join Nikhil Joshi, Founder & President of Snic Solutions, in this value-packed webinar as he breaks down how MES can drive operational excellence and sustainability.

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BEE Methodology Practitioner Course Review

Rebel’s Guide to PM

Change management is often part of a project manager’s role, but we don’t get a lot of formal training in how to make it happen. I’ve taken lots of training courses over the years, but most of the project management classes haven’t focused on change management at all, so I’ve been basically making it up and learning on the job (and I’ve written before about how change management fits into projects ).

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The Bespoke Business Model: Developing Your Own Marketplace Platform

Binfire

In today’s digital age, the concept of custom marketplace development has revolutionized the way businesses operate and connect with consumers. These platforms act as intermediaries, facilitating transactions between buyers and sellers in various industries. From e-commerce giants like Amazon and eBay to niche platforms catering to specific services or products, marketplaces have become an integral part of the modern business landscape.

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Risk Optimization in Scrum: Empirical Approach to Managing Uncertainty (From PM to PSM 12)

Scrum.org

Optimizing Risk Responses in professional project management resonates profoundly with the empirical foundation of Scrum. Scrum's framework inherently addresses risk by embracing uncertainty and change, making it an ideal approach for managing both opportunities and threats in complex environments. For Project Managers transitioning to Scrum Masters, understanding how Scrum’s empiricism and iterative process effectively manage risks is key to successful initiative outcomes.

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Help coming: IT Risk Management

Musings on Project Management

Risk Management in IT projects For years (a lot of years) IT companies have been paying bounties to hackers to find vulnerabilities in target IT systems and report them to bug fixers before they become a business hazard.

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Navigating Chaos in Project Management

This text offers practical guidance for project managers navigating diverse frameworks. It covers topics like centralized reporting, standardized metrics, communication, training, risk management, and alignment reviews. By implementing these strategies, project managers can improve efficiency and achieve their project goals.