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Table of Contents Why is stakeholder management important to project success? What is stakeholder management? 1. Free Resources 2. Reduce and Uncover Risk 3. Increase the Perception of Success 4. Easier Project Closure Why is stakeholder management important to project success? Because we need people to get the project work done. However, stakeholder management is a very narrow way of looking at how we work with people on projects to achieve a common goal.
The ability to measure progress is how project managers keep projects on track. Waterfall methodology rests heavily on Gantt charts. But if you’re working in an agile environment, the Gantt chart isn’t the right tool for your iterative approach to project management. What you need is a burn up chart. Not familiar with a burn up chart? Let’s define it, explain when it’s used and explore how to make one.
Have you ever been in a situation where you felt like nothing was going to plan? This can happen especially when we’re trying to achieve a big goal, like starting a business or organizing an event.
I ran a survey about stakeholder management (thanks, by the way, if you were one of the people who filled it out) and the results surprised me. I have done a bit of analysis on the results and I wanted to share what I know so far with you. The biggest reason we do stakeholder engagement activities on projects is because they help us get the resources we need for the project.
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.
One of the challenges a Project Manager faces is project decision-making. And getting project decisions right is part of good governance. The post Your Essential Guide to How to Make Robust Project Decisions appeared first on OnlinePMCourses.
Managing your portfolio is essential for any business, big or small, in 2023. There are several ways to start, including project and lean portfolio management. But what is the difference, and how can poor portfolio management negatively impact your enterprise and overall business growth? Project vs. Lean There are several critical differences between project portfolio management and lean portfolio management—each work better for different industries and strategies.
Managing your portfolio is essential for any business, big or small, in 2023. There are several ways to start, including project and lean portfolio management. But what is the difference, and how can poor portfolio management negatively impact your enterprise and overall business growth? Project vs. Lean There are several critical differences between project portfolio management and lean portfolio management—each work better for different industries and strategies.
As businesses get more complex and projects become increasingly intricate, it is crucial to have reliable requirements management tools in place. To help you make the right decision, we’ve compiled a list of the top 9 requirements management tools of 2023.
Project management is a people business. Projects get done through people. We need people on our teams to do what they say they are going to do, and we need to help them do that. That’s why stakeholder engagement is such an important skill. So what does it look like when stakeholders aren’t engaged? If you aren’t seeing the success you were hoping for in building relationships with your project stakeholders, then this will sound familiar: You can’t get time with your stakeholders You’re stressed
"Management 3.0" has a blurb they call "12 Rules for Metrics"There are a few of these I find unique and interesting, repeated here, more or less:"Measure for a purpose": Without using those words exactly, I have written on this topic many times.
According to CB Insights , more than ⅓ of all businesses fail for the same reason: there’s no market need for their products. While it may sound like common sense to make sure people actually want what you’re building, project and product teams often think they know better than their customers. A solid business case can solve this problem. Along with other inputs, such as customer research , a business case helps organizations assess the actual need for their projects, creating a firm foundation
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?
As a business grows, it needs to look at new processes or ways to improve the processes it has in place. Maybe the company wants to scale and sustain its growth or increase productivity and efficiency. Whatever the objectives, process implementation is how they achieve these goals. If you’re looking to improve your business processes , you need to know what process implementation is and why it’s so important.
Why do stakeholders take part in projects? You might think that’s an obvious question. After all, your project sponsor is probably the one who wanted this project to happen in the first place, and he or she has a vested interest in making it a success. But aside from the sponsor, all those other stakeholders don’t have to play nicely. They make an active choice to either help out, or hinder your project.
A very interesting (and sad) piece of news made headlines in Spain recently that provides some lessons about agile product development and incremental delivery. Through its national rail line Renfe, Spain paid €258 million to design 31 trains. After design work was well underway, it was discovered the requirements listed the wrong track measurements, which resulted in designs for trains that would be too large to fit through the tunnels on their route.
This year marks the return of many long-standing project management conferences that went dark with the onset of COVID-19 in early 2020. There’s a reason for excitement—once again there are opportunities to network and connect with other project managers, get hands-on training and learn from experts in the field, and let lose a little bit […] The post 12 Top Project Management Conferences You Need To Be At In 2023 appeared first on The Digital Project Manager.
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.
Think your project management clients are your business’ bread and butter? Think again. Without a harmonious project team, your project could be at risk of unhappy stakeholders and clients, delayed timelines, and every PM’s greatest nightmare … scope creep. Here’s the harsh reality: Your team is what makes or breaks the entire project.
Pernille Eskerod and Anna Lund Jepsen’s book, Project Stakeholder Management Stakeholder management seems to stay a hot topic regardless of what year we’re in. I think it’s been that way since A Guide to the Project Management Body of Knowledge ( PMBOK® Guide ) finally included a tenth knowledge area on managing stakeholders (although in my mind, stakeholders were important to the project management profession way before PMI wrote it into the book).
Scrum is a popular Agile project management framework that has been adopted by organizations worldwide. A Scrum Master is a critical member of a Scrum Team, responsible for facilitating the process and ensuring the team follows Scrum practices. In this comprehensive guide, we’ll cover everything you need to know about being a Scrum Master, including the role and responsibilities, the skills you’ll need, and how to get started.
Unpopular opinion: crafting a work breakdown structure (WBS) is one of the hardest project planning tasks, and ultimately one of the most important to get right. The WBS helps a project manager to 1) identify the activities that are required to complete a project and 2) organize those activities into manageable chunks of work. In […] The post What Is A Work Breakdown Structure & How To Make One: Ultimate Guide appeared first on The Digital Project Manager.
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?
In this video, I want to answer the question, what is a Burndown Chart and a Burnup Chart? And What is Velocity? The post What are a Burndown Chart, a Burnup Chart, and Velocity? appeared first on OnlinePMCourses.
Given the present atmosphere, where remote work is becoming the standard, remote employee onboarding can be a daunting task for any organization. Unlike in-person onboarding , which might be straightforward, remote onboarding presents its challenges. While it may seem daunting at first, onboarding remote workers can go off without a hitch with the appropriate software.
Many of us find it difficult to ask for help at work, which is a problem if you are part of a Scrum Team. Interdependence and collaboration are central to Scrum, but these practices don’t always come naturally to those new to the framework. That’s especially true for teams working in organizational cultures that value independent players, standing out and personal accomplishment.
Goals are something to work toward or aspire to. Expectations are beliefs that something will occur in a certain way. Goals are not expectations. And knowing the difference can help to avoid unnecessary disappointment and conflict. Last month I wrote about embracing imperfection to achieve ongoing performance improvement. The implication is that we must expect imperfection, […] The post Goals are NOT Expectations: Change Mindsets to Avoid the Suffering of Disappointed Stakeholders appeared
ZoomInfo customers aren’t just selling — they’re winning. Revenue teams using our Go-To-Market Intelligence platform grew pipeline by 32%, increased deal sizes by 40%, and booked 55% more meetings. Download this report to see what 11,000+ customers say about our Go-To-Market Intelligence platform and how it impacts their bottom line. The data speaks for itself!
The term “ agile product management ” means precisely what it sounds like. The goal is to develop product strategies and roadmaps in an elegant setting. It promotes an adaptable approach to product development and deployment, allowing firms to adjust swiftly to input and create products that consumers enjoy. At its foundation, agile product management is a reaction to the widespread usage of agile software development approaches such as scrum or kanban.
This post makes an initial attempt to describe what Artificial Intelligence is, where it might apply in the world, and the impacts to organizational strategy and project management. It follows up this initial attempt with actual Artifical Intelligence responses from ChatGPT. The Basics: Artificial Intelligence – What Is (AI)? At its core, Artificial Intelligence, commonly referenced with the acronym “AI”, is all about data.
Accountability is the act of being answerable or accountable for something. For example, every time I drive a car I am accountable for it being in a road worthy state, safe to drive, and that I drive it according to the laws of the country I am in. When I am in Europe, it is up to me to drive on the right hand side of the road! It is a key component of any successful organisation, yet it is often overlooked or not given the attention it deserves.
Project management is a vital component of human resources (HR), and it plays a significant part in ensuring that HR procedures are carried out in a streamlined and effective manner. It is becoming essential to have a solid project management system for the increasing number of requirements and duties that are placed on HR departments. The use of HR project management software provides HR teams with several benefits, including improved organization, enhanced cooperation and communication, and a
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.
When it comes to project management, there are a variety of different tools and techniques that can be used to ensure that the project is completed on time and within budget. One such technique is the use of Kanban or Scrum boards.
Sometimes, it’s hard to know where to start. Knowing the basics to setting up a project swiftly and correctly in LiquidPlanner can save you time and worry from the start. You’ll be able to: Ensure you’ve provided essential data to manage your project in LiquidPlanner Increase visibility so that managers always know what’s happening, when Decrease uncertainty about project timelines and missing information Setting up a project in LiquidPlanner is similar to some other project management software,
Scrum is a popular Agile project management framework that has been adopted by organizations worldwide. A scrum master is a critical member of a scrum team, responsible for facilitating the process and ensuring the team follows scrum practices. In this comprehensive guide, we’ll cover everything you need to know about being a scrum master, including the role and responsibilities, the skills you’ll need, and how to get started.
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