August, 2024

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How to Successfully Balance the Project Management Triangle

PM Times

A project manager has to deal with many concerns simultaneously for project success. The Project Management Triangle is associated with three major factors that affect the results of a project. Three Points Of A Project Management Triangle Include: Cost Scope Time These Three Constraints Are Interrelated. Let’s See How: Let’s say your client […] The post How to Successfully Balance the Project Management Triangle appeared first on Project Management Articles, Webinars, Templates and Jobs.

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New to Project Management? 5 Ways to Build a Solid Reputation with the Project Team

The IIL Blog

By Veronica Thraen You’ve just landed your first project management gig and are getting ready to kick off a project – congratulations! As a new project manager, I remember being excited but a little nervous at the same time. Would the team respect me even though I am new to the profession? Would they accept my ideas, and would I be able to appropriately convey any concerns or red flags?

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AI Driven PM: Claude Projects is a Game Changer!

PM That Works

Let me share my experience with a tool that's quickly becoming a game-changer for my projects—Claude Projects. I've been using this tool extensively, and I have to say, it's been delivering incredible results. While its capabilities are particularly outstanding in the realm of software development, I'm convinced that its benefits would extend just as effectively to other types of projects.

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Top benefits of project management software (for every role)

Wrike

Project management software makes it easier to monitor a project, assign roles, and track the results. But the advantages are actually more far-reaching than this, with benefits for every level within a team or organization. While other posts on this topic list the nebulous advantages of organizing your work, we’ll concentrate on the specific features of software platforms designed for project management — like our complete work management solution, Wrike.

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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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Creating and using a stakeholder register for project success

Rebel’s Guide to PM

Let me tell you about the time I missed a key stakeholder during a project. She rang me on the day the project went live, unsurprisingly upset that I had not consulted her. The deliverable we’d created did affect her team, and no one had bothered to tell her. Oops. So I know firsthand that stakeholder registers can be really useful tools to ensure everyone is identified and bought into the project at the most appropriate times.

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A Comprehensive Guide to Prioritization In Multi-Project Management

Epicflow Blog

When managing multiple projects, it’s critically important to put your effort into the most essential work for the moment. In multi-project management, you don’t treat projects one by one; you have to manage the whole multi-project environment with all its tasks, milestones, and due dates, and set priorities accordingly. However, determining the right priorities can be challenging in the constant flow of tasks and projects.

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Navigating Project Management Pitfalls: A Conversation with Karyn Buxman (Part 1)

Clint Padgett – Project Success

Episode Information: In the first part of this engaging conversation, Karyn Buxman discusses the common challenges in project management. She delves into the crucial role of communication, the importance of involving key team members in planning, and how to set realistic deadlines to avoid the pitfalls of overpromising. Karyn shares her insights on how humor and positivity can transform team dynamics and drive project success.

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Designing for Regenerative Business: From Fear to Hope?

Green Project Management

Over the past ten to fifteen years, I have noticed the conversation around sustainability often gets bogged down in narratives of minimizing harm and managing decline. The prevailing mindset is to reduce negative impacts and avoid worsening the status quo. But what if we reimagined this narrative? What if, instead of merely sustaining our businesses […] The post Designing for Regenerative Business: From Fear to Hope?

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Why EQ Is a Must-Have Project Management Skill in the Age of AI

The Lazy Project Manager

Check out the conversation with Peter Taylor and Niels Juist [link] And the supporting article [link] Capterra is the #1 destination for organizations to find the right software and services, with 100,000+ solutions across 900 software types. We offer access to over 2 million verified reviews, in-depth product comparisons, and data-backed annual software ranking reports for over 350 types of software— helping organizations save time, increase productivity and accelerate their growth.

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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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What Is a RAID Log and Why Should I Use One?

ProjectManager.com

Every project has its issues. Issues are problems that arise during the execution of the project. Plan as thoroughly as you like, you’re still going to face problems, even if you use project planning software. Problems during a project are a given, and solving them in real time while maintaining project progress is a real challenge. Risks are a bit different than issues; risks are issues that haven’t happened yet.

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Project Risk Management: How-to guide (with tips)

Rebel’s Guide to PM

Risk management is a staple skill of project managers. As the project environments we work in get more and more complex, with greater levels of uncertainty and more transformative, disruptive projects, being able to deal with risk remains top of the list of desirable skills for managers in all areas of business. However, project risk management is something that many project managers find tricky.

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Navigating Uncertainty in Scrum: Embracing Feedback and Adaptation (From PM to PSM 22)

Scrum.org

The Uncertainty Performance Domain in traditional project management focuses on mitigating risks associated with a project's various environments—technical, social, political, market, and economic. In Scrum, the approach to uncertainty involves embracing short feedback cycles and to continuously refine understanding of user needs and challenges, thus significantly enhancing adaptability and responsiveness.

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What is analysis paralysis (and how to overcome it)

Planio

Making decisions is hard work. When you combine conflicting stakeholder opinions, complex data sets, and tight deadlines, it’s no surprise that 85% of us suffer from decision-making distress. Analysis paralysis restricts our ability to make effective decisions, rendering us stuck in the mud as overthinking and complexity take over. But we simply can’t afford to be stuck for long.

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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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The Real Secret to Building Better Teams

The IIL Blog

By Ed Lively August 28, 2024 In the intricate web of timelines, budgets, and deliverables that define project management, there exists a less tangible yet crucial thread—relationship skills. While Gantt charts and risk assessments are vital tools, it is the ability to connect, communicate, and collaborate that truly drives a project’s success. At the heart of every successful project is not just a well-crafted plan but a team whose constructive collaboration stems from strong interpersonal conne

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A Project Management Coach’s Game Plan for Greater AI Readiness

The Lazy Project Manager

It’s time to upgrade your use of artificial intelligence (AI) to manage projects if you want to keep pace with your peers. A new Capterra study of project managers worldwide* found nearly half (46%) are already using AI-enabled project management tools and expect to increase those AI investments by an average of 36% by the end of the year. If you’re on board with the idea of more AI in your company’s PM processes but concerned about the execution, start with the steps below from thought leader P

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Work in Progress (WIP) Report in Construction (Template Included)

ProjectManager.com

General contractors strive to maintain each job’s profit margin, so it makes sense that the construction project will be monitored closely to ensure it’s progressing as planned. A work-in-progress (WIP) report is one of the tools used to track the budget. To understand what a WIP report is, we’ll first look at what work in progress is in construction, define the WIP report and how to make one, and then list the components of a thorough WIP report.

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The best PRINCE2 exam simulators

Rebel’s Guide to PM

I remember studying for my PRINCE2® exam and taking plenty of sample papers and mock tests. They were all on paper back then, and learning to deal with the style of questions and the time management required to get through the exam was as important as knowing your way around the manual. These days, the best exam prep I can suggest for PRINCE2® certification is to use online exam simulators.

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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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When Speed Misleads: The Hidden Danger of Single Metrics

Scrum.org

In a quaint town, Walter the clockmaker was renowned for crafting the most precise clocks. His reputation hinged on a single metric: accuracy. Every clock was a marvel of engineering, ticking with perfect precision. But there was a problem—Walter's clocks, while precise, were fragile. A minor bump or shake would throw them off, making them unreliable in the real world.

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Application Agility: Overcoming the Complexity Barrier

Leading Agile

Complexity stands in the way of application agility. At its core, a complex system creates a fear of change. Once that fear takes hold, organizations and engineering teams mitigate it by adding layers of processes to ensure quality. This results in a development culture where code is only ever added, not changed or removed, to avoid the risk of unintended bugs.

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Projects and Cost Management

MPUG

In the dynamic world of engineering project management, cost improvement is not merely a necessity but the lifeblood of sustainable success. This article offers a review of some multifaceted approaches of various cost improvement strategies , from immediate actions to long-term frameworks. It examines cost-improvement applications through a project management lens.

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The Challenge of Building a PMO: Why Experience Matters

The IIL Blog

By The PMO Squad August 21, 2024 Building a Project Management Office (PMO) is a complex endeavor, often underestimated in its scope and challenges. Many organizations task leaders who have never built a PMO before with this monumental responsibility. This frequently leads to suboptimal outcomes and even outright failure. To understand why, it’s essential to delve into the importance of experience, deep discovery of the current state of project delivery, and securing executive support and organi

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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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A Quick Guide to KPI Dashboards (Examples and Templates Included)

ProjectManager.com

Executing a plan, whether a project or a larger organizational strategy, is pointless without monitoring its progress and performance. Expecting everything to fall into place ignores inevitable risks and changes when abstract plans live in the real world. This is why managers use a KPI dashboard to stay on track. A KPI dashboard, which stands for key performance indicators, is a tool to measure various metrics.

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How to choose a PRINCE2 course online

Rebel’s Guide to PM

You’re looking for the best PRINCE2® course online. In this article, I’ll share what to look for in an online training provider and how to choose the right PRINCE2® certification course for you. TL;DR: The training provider I think is the best online PRINCE2® training is Management Plaza, led by expert trainer Frank Turley. They offer reasonably priced training including the exam voucher.

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Enhancing Scrum with Complementary Practices (From PM to PSM 23)

Scrum.org

As project managers transition to Scrum, understanding how to enhance the Scrum framework with complementary practices is crucial. Scrum's minimalistic design includes only essential elements, leaving room to incorporate additional practices that can be adapted or changed as teams evolve and discover more effective methods. Potential Dangers for Traditional Project Managers: Misunderstanding Scrum’s Flexibility: Some project managers might attempt to modify the core elements of Scrum itself rath

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The Importance of Connecting Agile to Business Value

Leading Agile

One of the biggest reasons agile fails to take root inside these organizations is resistance or hesitation from their executive teams. Executives are under immense pressure to ensure their organizations’ stability, profitability, and growth. Their hesitation toward Agile often comes from a place of caution, rooted in a preference for traditional methods that provide clear metrics and established processes.

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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.