Helpful resources for today's leaders
There are different ways to undertake projects. Project Managers need to be aware of the options available to select the right approach for a specific situation. Let’s analyze four types of life cycles: Predictive life cycle: the Project Manager focuses on defining the scope for the project. Then he/she develops …
New product development (NPD) is a process of taking a product or service from conception to market. The process sets out a series of stages that new products typically go through, beginning with ideation and concept generation, and ending with the product’s introduction to the market. The typical NPD project …
When you are preparing the body of a speech is important to: 1. Keep an open mind. The information you discover may cause you to change your mind about a topic or prove it to be inappropriate or incorrect for your speech. 2.Use different sources. Read as many different books …
Ongoing funding for lengthy programs is challenging. Continuous programs have to compete with new initiatives that an organization can undertake. For this reason, it is important to prepare compelling business cases and presentations that share past accomplishments to secure ongoing program funding. In general, at the program start, it is …
In traditional project management, beyond quality, communication etc, Project Manager manages scope, cost, quality and schedule. In Scrum, the Product Owner manages the scope through the Product Backlog. The Product Owner manages the cost of product features by putting them together in order to maximize the value produced by the …
Some projects have uncertain functional requirements that contribute to high rates of change and project complexity. If project uncertainty increases, so does the risk of rework and the need to use a different approach. In fact, to mitigate the impact of these risks, teams use small increments to rapidly understand …
Project Portfolio Management (PPM) is the process of selecting the projects to add in the portfolio of projects. The project selection is based on the assumptions about the value of candidate projects. To select the right set of projects it is important to balance opportunities against potential risks and predict …
The body is the main part of a speech and consists of the facts or ideas the speaker wants to present. The amount of information to include in the body will be limited by the amount of time available and how much the audience can remember. Most listeners will remember …
To successfully manage program of projects it is important to manage complexity from the early stages. When a big program starts it is important to plan how to manage the program complexity. Generally speaking, decomposition is one the techniques to manage system complexity effectively. Breaking things up in smaller pieces …
In traditional project management, when a new project starts the Project Manager creates plans based on predicted work. Then, he/she monitors and controls these plans till the end of the project. This is also true for the staffing plan: the Project Manager creates the plan and then monitors the utilization …
To remain competitive today, companies need to stay focused on customer satisfaction. To constantly deliver products and services of high value, they have to run projects that have high rates of change, complexity, and risk. It can be difficult to manage these types of projects by using traditional predictive approaches. …
Project Portfolio Management (PPM) helps companies to reach business success. In the past, the focus of project management was on completing projects and satisfying project stakeholders. Project Managers paid significant attention to the triple constraints: time, cost, scope (and quality). But over the years, companies have noticed that project success …
An effective speech consists of three major parts: opening, body and conclusion. The opening should immediately catch the audience’s attention. The audience wants to know what the speaker is going to talk about, so the beginning of the speech should satisfy this need. A good opening could be: – A …
Program risk management is critical for program success. When a program of projects starts it is useful to conduct a pre-mortem analysis in order to avoid problems and improve the chances of program success. It starts by challenging people to envision failure scenarios. Then the program manager lists all reasons …
Scrum is not a process or methodology, it is a framework that allows the delivery of products of the highest possible value. It has a structure that enables a simple but effective way of working together towards a focused goal. A team within an industry sector can choose to use …
Projects that have been selected to be in the pipeline of projects are continually checked. This is because projects and business environment are dynamic. Once projects are in the pipeline, it is important to periodically measure project status and performance. On the business side, it is crucial to periodically validate …
To make a presentation more beneficial for your audience it is important to define a specific purpose. The specific purpose is a one-sentence statement about what you hope to accomplish in your speech. The specific purpose should be realistic and possible to achieve. Keep the specific purpose clear and concise. …
Managing program risks means also taking into account risks at program level. To manage programs, program managers have to consider several sources of risk: staffing, funding, duration and so on. Program-level risks can be caught by identifying workflow interfaces between projects. At the same time it is important to deeply …
In Scrum the team respects the fact that the future cannot be predicted. Empiricism helps people to face uncertain and complex problems. It is also important to obtain clarity and refine the product. In fact, each iteration is an opportunity to solve a problem and gain more clarity. Keep in …
As a project manager, you should daily monitor the level of involvement of project stakeholders. Enhancing the effectiveness of stakeholders engagement, as the project evolves, is key to its success. Involving project stakeholders early can help understanding their views and interests which could lead to more efficient decision-making. Also, efficient …
Project Portfolio Management (PPM) requires a well defined process towards project initiation. In fact, this is critical to managing a portfolio of projects successfully. Everything should start with a formal project authorization. This can be done by creating a project charter for each project. The project charter contains project objectives, …
When a program begins, the program is perceived as an obvious success. A program to be successful needs to manage risks properly. As programs are collections of projects, managing program risks means also managing some risks that arise from within projects. At the same time, programs have risks that are …
When you prepare a speech it is important to choose the general purpose which is the broad intent of your speech. Here are four different types of general purpose: To inform: you can use it when you want your audience to learn about a new subject, develop a new skill, …
In product development, it is very common to have product features batched together and delivered to production in one or two big limited releases. By acting this way companies treat all product features as having the same value with no consideration for time. Scrum has a business role that is …
Programs are undertaken for many reasons. Some programs seek to solve a problem some others address a specific organizational need. Generally speaking, program benefits are difficult to evaluate, especially for those programs that are opportunity oriented. The suggestion is to begin the benefit evaluation by considering the stakeholders who are …
To define Project Portfolio Management process it is crucial to prioritise each project. The act of prioritizing all projects that a company could potentially start requires a structured process. This structured process can help to eliminate the tendency to select projects by power plays and emotions. There is a similarity …
After selecting a speech topic it is important to logically assemble ideas into a sequence that will help achieve the speech objective. Here are some ways to assemble a speech: – Chronological: the topic is arranged by time. – Spatial: this type of speech follows a direction. – Causal: this …
Scrum does not have a team leader role like the Project Manager. At the same time, project management activities are distributed among different Scrum roles. One of these roles is the Scrum Master. The Scrum Master manages the implementation of Scrum in the organization. In detail, the Scrum Master helps …
A complex project may involve managing multiple contracts. Each contract life cycle may begin and end during any phase of the project life cycle. According to the application field, the seller can be a contractor or a supplier. Whereas, the buyer may be the owner of the final product. Buyers …
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