March, 2016

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Evaluating Project Schedules Utilizing Quantitative Risk Analysis

Project Risk Coach

Do you remember the first time you missed a project deadline? I do. I recall the embarrassment for me and my team. I promised myself I would take proactive steps to mitigate this outcome for future projects. Why do projects take longer than expected? Often times, risks occur and project managers lack adequate schedule reserves. Once burned, many project managers start a bad habit – padding their project schedules.

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Kano analysis and Agile

Musings on Project Management

Kano analysis is a new product feature/function evaluation tool that gives visualization to feature/function relative merit over time as trends change. The usual presentation is a four-sector grid with trend lines that connect the sectors. The grids are defined by the horizontal and vertical scales that are easily set up on a white boad in the war room (don't take the word 'scale' too.

Agile 231
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Transport for London’s Signal Failure – £886m more than planned*

Ron Rosenhead

Horrible headlines and a horrible situation. The above costs come from a report published by Budget and Performance Committee of the London Assembly. Some of the statistics and comments in the report are astounding and some are below: · ….TfL has grossly mismanaged its signalling contract with Bombardier, which means that anyone taking the District, Circle, Metropolitan, or Hammersmith & City lines will have to wait five years longer than originally expected to see the improvements.

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How 6 Real Managers Get A Work/Life Balance

Rebel’s Guide to PM

Work/life balance comes up time and time again when I speak to people. We’re all desperate for a bit more time in the day, either to fit in more work or to fit in more slippers-and-TV time or something inbetween. For me, an extra hour in the day would probably just mean more pushing Thomas trains around the wooden track. Read on to see the advice that 6 real project managers have for getting a meaningful work/life balance.

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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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Project management glossary

Moira Alexander

As in many specialized fields, there is a host of terms that hold a specific meaning, and the world of project management (PM) is no exception. Although project management professionals have an understanding of these specific complex PM terms, the vernacular may not be as intuitive for professionals in other fields. These PM terms define not only what is being done, but also provide some very specific guidelines for how, where and/or when these terms are applicable.

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How To Better Your Qualitative Risk Analysis

Project Risk Coach

Last week, we looked at why we evaluate risks — it saves time and money by allowing us to focus on the risks that matter most. Before we look at HOW to improve your qualitative risk analysis, allow me to share one more quick example of WHY it’s important. Have you ever had a termite guy (you know — the guys from Bugs-R-Us or whatever) check your house?

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Did I mention: no more self-organizing teams?

Musings on Project Management

I like headlines that have a simple message This one--No more self-organizing teams--caught my eye for three reasons: I agree with the sentiment It was written by Jim Highsmith, who rights some good stuff I have an interest in leadership per se Now, to be fair, Mike Cohn has an excellent counter-point blog, except he more or less supports the thesis we present here when he (Mike) quotes.

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Performance management report for project sponsors- must do better

Ron Rosenhead

The group were sipping coffee and chatting until I interrupted them. I asked them take a look at the question posed putting some thoughts onto post it notes. The question was: So what is project sponsorship like in your organisation? Slowly, they started to write. I called a halt just before I started speaking (this was an event hosted by the British Computer Society in central London.).

2016 150
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What I’m Reading [March 2016]

Rebel’s Guide to PM

It’s been an odd month for reading. I’ve tried to choose things to read that are short because while I like the escape of a novel, I am struggling to find the brainpower to commit to anything for any length of time. I read The Half Truth *, by Sue Fortin, a story with a cover that belies what it is really about. It is far better and more gripping than you are led to believe.

2016 153
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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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Manage & strealmine your PMO with a free trial from Clarizen

The Digital Project Manager

Posted in General Tools. [link]. Yesterday’s PMO was plagued with some serious issues: ineffective resource management, lack of visibility and inability to demonstrate value. Fortunately, Clarizen’s new approach can help you to better manage and streamline any PMO, whether it’s a legacy group or a newly formed organization. Sign up for a 30-day trial.

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Don’t over-process your project management communications!

Kiron Bondale

I wrote an article in October 2015 describing how the eight forms of waste (a foundational lean tool) can affect project teams. Let’s do a deeper dive into the waste of over-processing. Over-processing occurs whenever someone continues to work on an activity past the point where it would be deemed acceptable from a customer’s perspective or past the point where meaningful value is being added.

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How To Better Your Quantitative Risk Analysis

Project Risk Coach

How can we better your quantitative risk analysis? Let’s talk about what it is, why it’s important, when you need to perform it, and a few techniques you can use. If you can’t see this video in your RSS reader or email, then click here. What is Quantitative Risk Analysis? When a doctor says you have a high temperature, she is describing your temperature in qualitative terms.

Risk 210
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Backlog blocked?

Musings on Project Management

Yikes! My backlog is blocked! How can this be? We're agile. or maybe we've become de-agiled. Can that happen? Ah yes, we're agile, but perhaps not everything in the portfolio is agile; indeed, perhaps not everything in the project is agile. In the event, coupling the culprit Coupling? Coupling is system engineering speak for transferring one effect onto another, or causing an effect by.

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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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Project Brief Definitions & Template: Download Now | TeamGantt

TeamGantt

Master how to write a project brief, review brief examples, & learn why it’s vital to include a brief in your project plan with TeamGantt.

Planning 114
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Are you bridging the gap between vision and delivery?

Susanne Madsen

According to Harvard Business Review (HBR), being forward-looking and enlisting others in a shared view of the future is one of the attributes that most distinguishes leaders from non-leaders. In an ongoing survey, HBR asked tens of thousands of people around the world what attributes they were looking for and most admire in a leader. The number one requirement—honesty—was also the top-ranking attribute of a good colleague.

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Tool Review: Wrike – project management and collaboration software

The Digital Project Manager

Posted in General Tools. Could Wrike be the answer to your project management software woes? A growing number of big digital companies like Paypal, Gapgemni and Hootsuite seem to think so – they’ve begun using Wrike as a project management software solution to manage their digital projects. We all know how on large projects, with lots of resources, stakeholders, dependencies and complexity you’re going to find yourself drowning if you’re not equipped with the right tools.

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Most small to midsize businesses are still not using PM software

Paymo App

That’s the key finding of a recent report released by research and reviews firm Software Advice. The company receives hundreds of project management software consultation requests annually and has selected for this study a random sample of recent consultations to learn more about SMB buyers searching for cloud-based PM solutions. In this context PM software acquisition remains a top business priority.

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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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12 Wonderful Ways To Improve Your Risk Management

Project Risk Coach

John Smith was hired as a new project manager at a leasing company, and he was assigned a small project with a team of six people. The project goal was to reduce customer billing defects by 10% before the end of the year. How well did John use risk management to accomplish his goal? He and his team completed a project plan and identified project risks.

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Leadership -- introverted

Musings on Project Management

The introverted leader: is this an oxymoron? In my experience: definitely not. And, my experience aligns well with Susan Cain's popular book Quiet: The Power of Introverts in a World That Can't Stop Talking. And by introverted, we mean: Someone who gets more energy out of quiet time--loner time, even if in an open plan--than they do mixing in a group.

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How to present your project plan to a client | TeamGantt Blog

TeamGantt

Get tactical advice on how to ensure your client understands the details of your project plan so you can set clear expectations and maximize buy-in.

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The Stakeholder in the Stakeholder; Overcoming Adversity

Green Project Management

According to ISO 21500, Guidance on Project Management, a stakeholder is a person, group or organization that has interests in, or can affect, be affected by, or perceive itself to be affected by, any aspect of the project. It is commonly taught that stakeholders are identified, analyzed and managed. Manage however is a curious word. […]. The post The Stakeholder in the Stakeholder; Overcoming Adversity appeared first on Delivering a better world, one project at a time.

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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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5 Project Management Predictions for 2016

Wrike

Project management has not been immune to technology improvements. It has been intensely impacted, with managers facing changes in teams’ working environment on a yearly, if not quarterly basis. If you still haven’t caught onto these growing trends in project management, don’t keep pushing it off until you’re behind the curve. Read up and adopt best practices on hiring remote project teams, project portfolio management, optimizing internal training, BYOD, and the new reality of

2016 50
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A Clear Vision for DPM

Brett Harned

I've been thinking a good deal about the principles that should guide our community. But what rolls up to those principles is the vision you have for the role you play in your day-to-day as a digital project manager (or whatever similar title you may hold). The way you present your role and value to the people you work with is so important to your success as a DPM.

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How to Save Time and Money By Evaluating Risks

Project Risk Coach

Evaluating risks save you time and money. Too often, project managers assign resources and spend money to manage risks that are unnecessary. Because these project managers do not know whether certain threats are significant, they may respond in ways that cause more harm than good. Photo courtesy of DollarPhotoClub.com (edited in Canva). I learned a lot about evaluating risks as a cotton scout in the early 80s.

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Agile Phases

Musings on Project Management

In the beginning, there was pre-history Agile, almost prehistoric era: Before 2000 and the meeting in Utah that birthed modern Agile Rogue developers trying various "light weight" and "rapid" prototyping and coding practices. In the SEI world, a ghastly level 1 operation of different strokes for different folks Everyone else slaving to command and control -- SEI maturity model uber alles!

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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.