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Some project managers have a defensive mindset. They focus on threats only when opportunities abound. Let's increase our chance of success by seizing project opportunities too. Table Of Contents. 1 Self Assessment Quiz 2 What is an Opportunity? 3 Is an Opportunity a Risk, Really? 4 How to Get Started 5 Tools for Identifying Opportunities 6 Think Outside the Box 7 Where Will You Capture Opportunities?
It is still more than three weeks till Halloween but stores have already sold most of their spooky selections and are starting to put their Christmas stock out on the shelves. This Halloween may generate more anticipation than in previous years since last year’s festivities were curtailed in many cities due to the COVID-19 pandemic. Halloween holds a special place in my heart as it provides an opportunity for everyone to express their creativity.
Preparing for the unexpected is a part and parcel of all of our lives. It is the concept of uncertain events and occurrences that insurance is based on. Project management is no different. Being prepared for what might happen in a project ensures that you are well equipped to lead your team to a successful outcome. A risk management plan is how you can get your team on the same page.
The effects of the pandemic have infiltrated every industry, and project management is no exception. The industry continues to evolve. Project management trends that were once standard are slowly being replaced by modern and innovative solutions. The new Global Trends in Project Management 2022 report, released today by ProjectManager, taps the insights of more than 600 project management professionals to determine how project teams—and the way they work—are shifting.
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.
I was interviewed by Diego Nei for the Brazilian blog, Papo GP (Talking PM – I think I’ve got that right). We were talking about PRINCE2®, what it means to get qualified and how it compares to the PMBOK Guide. If you’re up for it, you can read the interview in Portuguese , but Diego has also sent me the interview in English and let me reproduce it here.
The Moscow Prioritization method can help you and your product team decide what you need to focus on for your project. If you’ve got multiple key stakeholders lobbying for various features, having a way to score them can help determine which product features to focus on first. What is the MoSCoW Prioritization Method? Dai Clegg created the MoSCoW prioritization method while working at Oracle to help his team prioritize project requirements.
The Moscow Prioritization method can help you and your product team decide what you need to focus on for your project. If you’ve got multiple key stakeholders lobbying for various features, having a way to score them can help determine which product features to focus on first. What is the MoSCoW Prioritization Method? Dai Clegg created the MoSCoW prioritization method while working at Oracle to help his team prioritize project requirements.
Scrum - The Leader’s Perspective. If you’re leading Scrum Teams or generally are a leader in an organization that’s leveraging Scrum? Are you feeling a bit left out after reading the Scrum Guide ? The Scrum Guide doesn’t explicitly call out the role of the Leader but successful implementation of Scrum definitely requires leadership. . The Scrum Guide describes the leadership required by the Product Owner, Scrum Master, and Developers.
How the Rise of Artificial Intelligence Will Change Your World. A new book from the author of #1 best-selling book ‘The Lazy Project Manager’ Enabling project managers to adapt to the new technology of artificial intelligence, this first comprehensive book on the topic discusses how AI will reinvent the project world and allow project managers to focus on people.
Are you aware that the Project Management Institute (PMI) is updating the PMI-RMP exam? The new exam will start in April 2022. Let's look at the PMI-RMP Pilot Exam process, what's different in the exam, the Pilot Exam Content Outline, and how to apply. Table Of Contents. 1 PMI-RMP Pilot Exam 2 What's Different in the New PMI-RMP Exam? 3 Here's the PMI-RMP Pilot Exam Content Outline 4 How to Apply for the PMI-RMP Pilot Exam.
Everything you need for your manufacturing process is a resource—people, materials, equipment, software, facilities, etc. And whatever you’re making, you need to manage those resources to do it. That process is called manufacturing resource planning (MRP II), and it’s a method that used to work more effectively. When need precise coordination of resources to get the work done on time and within budget, you’re going to need to create an MRP system.
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?
There are no shortcuts in project management really, but wouldn’t it be nice if we had a few ways to speed things up? I’m delighted to be partnering with BrightWork today to bring you 15 of my favorite time-saving tips for work and productivity hints (and there are some free templates for you to grab – scroll down). 1. Call people before meetings. Give people a ring before a meeting.
One of the misconceptions I like to clear up with learners in the project management fundamentals courses I teach is that there is no such thing as a “waterfall” or “agile” project. Stakeholders might choose to use a predictive or adaptive life cycle or specific methods associated with either of these approaches for delivering the scope of their project, but using these terms as an adjective furthers the erroneous perception that there are only two options available to us
Background photo by Guilia May on Unsplash with edits by author. . O verview of Agile Estimating. Ab solute vs. Relative Sizing. When more is known than unknown, use absolute estimating. A traditional or Waterfall software development lifecycle includes a long and detailed planning period to define requirements before beginning development. Absolute estimating is the practice of applying an hourly, finite estimate to each requirement.
There’s no denying that ‘projects’ are the currency of the modern workplace. And whether you’re a designer, developer, team lead, or administrator, your job requires many of the same skills that separate the best project managers: organization, effective collaboration, and being goal-oriented. Unfortunately, project management has become unnecessarily complicated over the years.
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.
In this article, let's discuss why risk management standards exist and which Project Management Institute (PMI) standard you should study in preparation for the Project Risk Management Professional (PMI-RMP) exam ( until the updated PMI-RMP® exam comes into play April 2022 ). Why Standards Exist "A PMI practice standard describes processes, activities, inputs, and outputs for a specific Knowledge Area.
It’s hard enough to manage one project. Every single project is really hundreds of smaller projects to control—it takes so much time and energy to deliver just one project on time and within budget! That’s why multi-project management is a challenge that requires a project management office (PMO) or experienced project manager to manage resources and team members.
IT departments can be great places to get experience as a project manager. Much business change involves an element of technology and that’s why I’ve written in the past about there being no such thing as an IT project. Projects with an IT element are wide-ranging. Any kind of software refresh, upgrade, app development, new functionality and so on involves a broad group of stakeholders.
AI (artificial intelligence) is going to continue to disrupt our daily lives in a huge way. Like the internet, this tech will completely change the way people live, information is shared, and businesses act. Every industry is going to be further impacted by AI ( many already have been), but here, we’re going to focus on how it may improve the project management sector.
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?
Being a Scrum Master can be tough. You are accountable for helping organisations change the way they approach complex work. You are there to help them adopt an empirical approach to dealing with change and uncertainty. While most people will recognise the need for change, for the most part, people do not want to change or be changed. Most large and successful organisations are built to resist and prevent change.
(Thanks to Andy Kaufman for inspiring this week’s article). Those of us who have raised small children are familiar with the complaint “I’m bored!” which is almost as annoying as “Are we there yet?” This is more common currently than when I was growing up. Expressing boredom in those days was like issuing an open invitation for your parents to assign you some “interesting” chores.
The Project Management Body of Knowledge (PMBOK) 6th Edition defines Monitor Risks as “the process of monitoring the implementation of agreed-upon risk response plans, tracking identified risks, identifying and analyzing new risks, and evaluating risk process effectiveness throughout the project.” Here is a crossword puzzle to help you learn about some of the key terms and principles of monitoring risks.
Managing a project is difficult. You have a deadlines to meet and budgets to keep. And within that narrow lane, you have to deliver a quality product or service. And that’s just the project! What about all those things that can impact the project? There are forces outside your control that can sidetrack your work. There are even issues that can arise from your team or stakeholders.
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.
As project delivery professionals we are always on the lookout for new project management trends and practices, right? It’s good to know what’s coming and how we can best respond to that. Following the latest industry news can help build knowledge, confidence, and find new solutions to existing problems. There are a range of reports and surveys released each year which are useful for shedding light on what has been going on, and looking forward to what is to come.
Campaign management applications and tools have become a necessity in this fast-paced world of digital marketing that waits for no one. You need to have the best application so that you can create vital elements like newsletters, have strategy meetings, create drip emails, and run several campaigns at once, in a single interface. But not every software has the ability to perform all those functions and be on point with the rest of the customer needs and requirements.
I am often asked what Scrum Teams and organizations should measure. And while measurement is important, it's not just about what we measure. It's about understanding why we measure and how we use those measures. And well, that's what actually helps you figure out what to measure. In this post, I will share some common patterns I have noticed that lead to using measures poorly.
PMOs are in a state of transition: ever shifting to support different teams, ways of working, strategic objectives, transformation programs, priorities, and more. Managing this level of complexity and constant change requires a modern approach to PPM – one that positions the PMO to become a more strategic creator of business value. “ The Insider’s Guide to Modern PPM ” defines what this means and the competencies needed to confidently and effectively traverse the journey.
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.
According to research, 70% of organizations have suffered at least one project failure in the prior 12 months. Over the years we’ve talked to many people who managed these projects to better understand their needs and what could have helped them succeed. Most have counted on traditional project management software to align their projects and teams, but they have consistently attributed four common problems to their failure: resources, visibility, alignment of priorities, and scheduling issues.
In project management, resources are the people, tools and materials necessary to get the project done. In other words, resources are important—and so is resource management. A resource histogram is a statistical tool used to manage resources. It’s a historical bar chart diagram that defines a resource allocation schedule. Resource histograms help project managers with resource planning and quality management.
Have you seen project status reports with colored boxes in different shades of green, amber, and red? Or project names written in those colors where the rest of the text is black? That’s the RAG status of the project. According to PMI, 11.4% of investment is wasted due to poor project performance. RAG reporting is a good way to draw management’s attention to projects that need support.
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