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Have you ever run out of money for a project? Unforeseen risks knock at your door. You look at your budget, but you don't have the funds to respond to these risks. Let's explore management reserves for projects, who controls them, and how to estimate the reserves. There is a better way to handle the unexpected. You can – assuming that your organization supports the concept of reserves – create a management reserve.
Lloyd Skinner. Where is artificial intelligence taking project management? AI has turned up in the project management trends articles over the past few years and it’s now most definitely here to stay. I caught up with Lloyd Skinner, CEO at Greyfly , a consultancy specializing in improving project outcomes through the application of AI tools and experienced professionals, to talk about how AI is changing the way we lead projects.
Construction projects can be big, complex and often unruly, with regulatory issues, safety concerns, equipment rentals, multiple teams and more. If you want to keep a construction project on track and meet your deadlines, you want construction scheduling software that is robust and dynamic. There are many construction scheduling software products on the market that sell themselves as the go-to tool for the construction project manager.
It was (and I still can’t quite believe this) one year ago that I last stepped off a plane after a visit to Geneva and Zurich to deliver a series of presentations and workshops for CERN and PMI Switzerland. At approximately (this is flying after all, and Heathrow) 5:25pm GMT I walked off a plane without a clue as to what was about to happen (and I expect not alone in that either).
AI adoption is reshaping sales and marketing. But is it delivering real results? We surveyed 1,000+ GTM professionals to find out. The data is clear: AI users report 47% higher productivity and an average of 12 hours saved per week. But leaders say mainstream AI tools still fall short on accuracy and business impact. Download the full report today to see how AI is being used — and where go-to-market professionals think there are gaps and opportunities.
Accountability is a popular word in delivery. It is one of the four classification categories in roles and responsibility tools such as R.A.C.I. charts. The underlying intent is sound. If multiple people are responsible for contributing to the completion of an activity or deliverable, we still want to have a single person who has overall responsibility for ensuring it was completed as promised.
This is a guest post by Shree Krupa. Project managers do a lot of firefighting. Every day, project managers are putting out fires, both internally within the team and externally with clients. They juggle multiple tasks, manage stakeholders’ expectations, and navigate tricky situations. The road they tread on every day is never smooth. They constantly need to overcome several roadblocks to ensure that the project stays within the agreed constraints of time, scope, and budget.
This is a guest post by Shree Krupa. Project managers do a lot of firefighting. Every day, project managers are putting out fires, both internally within the team and externally with clients. They juggle multiple tasks, manage stakeholders’ expectations, and navigate tricky situations. The road they tread on every day is never smooth. They constantly need to overcome several roadblocks to ensure that the project stays within the agreed constraints of time, scope, and budget.
Our projects are the sum total of all the decisions we’ve made – budget decisions, schedule decisions, scope decisions, requirements, selection of team members, and the list goes on. My goal today is to help you make better project decisions. Here’s why – project managers and teams who make better decisions improve their chance for success. Think about how hard it is for you to make decisions alone.
In this article we’ll look at the types of artifacts in project management, typical documents for each type. There’s also a checklist of project artifacts by phase at the end, which you can use as an aide-memoire for creating your own documentation. What is an artifact? An artifact is something you create. In project management, artifacts relate to documents: the project documentation you produce that defines and supports the work you are doing.
Smartsheet is a popular project management tool that describes itself as a “work execution platform.” This web-based application is best known for its unique use of spreadsheets. These spreadsheets or “sheets” are the foundation of the tool’s project management capabilities. But Smartsheet isn’t the only spreadsheet software on the block. There are many project management software tools on the market that offer similar feature sets.
On today’s episode of YOUR DAILY SCRUM: Should a Scrum Team Estimate Bugs and Defects? Today's question is about how a Scrum Team should handle bugs and defects. Todd and Ryan break down their past experiences handling the unexpected work that can happen when bugs and defects emerge. The big lesson here: don't turn into bug managers and work on your definition of done!
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?
This article represents the confluence of three separate concepts I read about this week. The first came when I read Michael Küsters’s article Why WSJF is Nonsense which details the downside of blindly ranking work packages based on the Weighted Shortest Job First (WSJF) formula. WSJF uses the ratio of the cost of delay to the relative effort required to complete a work package.
One of the most common usage mistakes, which still leads to a number of misunderstandings in today's everyday project work, is the confusion between effort and duration. It is important to know the differences, especially when it comes to project planning. This article will help you to better distinguish between those two terms in the future and to avoid misunderstandings in the project team.
Project managers encounter conflict regularly over schedules, project priorities, human resources, requirements, and technical opinions, to name a few. Individuals, groups, and organizations have different opinions, sometimes strong opinions. These conflicts may surface internally, as well as externally. I once managed a project where the organization wanted to create a customer service representative (CSR) position for 158 remote locations.
What is a ROM estimate used for? A rough order of magnitude estimate is used to give you a very high level view of potential project costs. Ideally, you’d be able to provide a definitive estimate, carefully created from loads of input from subject matter experts and plenty of research on past projects and their budgets. But in reality, we rarely have the time or luxury of being able to provide that level of estimate at the earliest stage of project.
Construction projects are high-stakes operations where even minor inefficiencies can lead to costly delays, safety concerns, and budget overruns. Managing risk in construction has always been a challenge, but as projects grow in complexity, traditional methods no longer cut it. Enter Digital Transformation - a game changer approach that replaces inefficiency with AI-powered analytics, real-time monitoring, and automated workflows to proactively manage risk.
It can feel like the tasks never stop when you’re managing a project. Not only are there new ones to tackle, but some of the old ones may require a revisit. Maybe a stakeholder changed their mind on the color of a wall, or an inspector says your insulation isn’t up to code. How can you wrangle in all that work, organize it and make sure that you’ve completed everything required of you to complete the project?
Some time ago, someone on Reddit asked whether there would be any other profession that requires attending a 2-day training class and would then pay as well as a Scrum Master job. This attitude is precisely why the 47 Scrum Master Interview Guide exists: Prevent imposters from slipping through the hiring process and causing damage. If you are looking to fill a position for a Scrum Master (or agile coach) in your organization, you may find the following 47 interview questions useful to identify t
A project manager asked me a question which I’ve frequently been posed over my career. How should I deal with a stakeholder who, when I provide a rough order of magnitude ranged estimate early in the life of a project, insists on holding me accountable to the lower end of that range later on even when sufficient evidence has emerged to contradict that value?
Measuring productivity is vital for consistent improvement and development. Regular evaluations are a doorway to betterment. As much as performance management is important , developing strategies to gauge progress is not an easy feat. If you are having trouble finding ways to measure productivity then you are not alone. HR managers often find it difficult to measure the productivity of their employees since they do not have a standard ‘scale’ to measure the efficiency with.
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?
Who approves your project change requests? On one project, the sponsor tells the project manager to make the decisions. On other projects, the sponsor makes the decisions. And yet, in other cases, senior management gets involved. Your project may morph into a two-headed monster without an integrated change control process, resulting in adverse impacts to schedule, cost, and scope.
Project Management Rebels is a teaching-led group mentoring programme. It’s a library of curated resources with something new added each month. There are dozens of training videos at your fingertips from Day 1. It is open for enrolment through 16 April. Join today ! We’re almost through Quarter 1 and you’re thinking what a great year it’s been so far at work.
Gantt charts are the glue that holds projects together. They’re probably the most referred to document when managing a project. Project managers use them, teams are directed by them and stakeholders stay updated when they’re shared. Since it’s such a staple of project management, there is no shortage of options out there to help you build a Gantt chart , such as an Excel sheet or a project management software tool.
One continuing problem we see with many of today’s business leaders is that they rarely adopt Agile at the leadership level. It’s not that they are resistant to the idea of creating an Agile organisation. Most understand the value of agility at the level of the project/delivery teams, but all too often they don’t see how it applies to them or feel that they are exempt.
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.
Meetings are a common practice in just about every organization and company. You want to not only connect and stay updated with your colleagues and team members but also external stakeholders or clients or vendors your company may be dealing with. However, for many organizations, these meetings are done and then forgotten about. This is why the minutes of the meeting is so important.
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 is the culprit. Coupling?
Here’s the TL;DR: the best PMP exam simulator is the PM Exam Simulator from the team at the Project Management PrepCast. I have used it and can vouch for it, and that’s what I’d buy if I were you. If you want to know why that’s my top choice, and check out some other options, read on for my independent reviews! It won’t come as a surprise to you that using an exam simulator for your Project Management Professional® exam is a key criteria for successful prep and a massive boost to your chances of
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.
All businesses experience change. These changes mean that small businesses need a structured plan to navigate their growth while staying on track to achieve long-term goals and objectives. This is where a small business plan comes in. Creating a thorough business plan that outlines a small business can seem like daunting work. In reality, the job can be done using common project planning methods and tools.
On today’s episode of YOUR DAILY SCRUM: Where Does Quality Assurance (QA) Fit on a Scrum Team? We get this question pretty often, especially when speaking at conferences: "I'm a tester or quality assurance (QA) specialist at a company that just adopted Scrum. Am I now out of a job?" The quick answer is: Of course not, but there are likely some changes coming your way.
The happy path for a project manager is shepherding their project’s delivery from start to finish. Just like raising one’s own child to the point where they have become an independent adult, there is a sense of accomplishment which you only get from having been there at the beginning and witnessing the successes at the end. But as with all journeys, there are exceptions.
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