Project management trends & insights.
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4 project management processes you can automate
Project management processes are the cornerstone of any well-organized initiative. When automated, they allow you to minimize repetitive tasks and increase efficiency. Automation is not an option, but a must to stay competitive. By leveraging technology, you can delegate the most tedious tasks to software, reducing human error and freeing up your time for what…
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Resource planning in projects
Resource planning is key for project management success. In other words: managing projects means managing resources. CONTENT What is a resource plan? What are the elements of a resource plan? Resource planning steps 1. Resource planning prerequisites 2. Resource procurement 3. Resource management 4. Resource tracking Resource planning tools and techniques No matter what type…
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Managing project resources: how to do it effectively
Managing project resources effectively is one of the key aspects of work towards achieving your goals. In fact, if resources are not adequate, you will never be able to complete your project. CONTENT Managing project resources: Centralize resources in a single pool Managing project resources: Determine required resource skills Managing project resources: increase collaboration to…
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How to reduce project costs
Reducing project costs and budget management is an ongoing process for which a project manager is always looking for innovative ways. An improper allocation of resources can adversely affect the project’s profitability, cause the project to go over budget compared to the project baseline, and, in some cases, lead to project failure. CONTENT Allocate competent…
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Problem solving: a Project Manager skill
Problem solving is a project manager skill that facilitates effective problem solving by combining creative thinking and strong analytical skills. CONTENT Problem-solving techniques: a 5-step approach Problem solving step 1: Problem definition Problem solving step 2: Cause determination Problem solving step 3: Ideas generation Problem solving step 4: Best solution selection Problem solving step 5:…
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Planning activities to help your project team
In all organizations, projects are a key means of building value, and planning activities to help the team di progetto becomes a critical step. CONTENT Project activities definition Project activities list Milestones The sequencing process of project activities Creating a Gantt Chart Network chart creation Critical path to planning activities Allocating resources Managing an organization…
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Measure your project’s performance
Measuring your project’s performance doesn’t just mean meeting project budget and timelines. In fact, other types of performance are also expected to be monitored and measured. This is intended to measure the ROI nd to determine if goals are being met. CONTENT Setting and measuring project objectives The 5 performances to measure in a project…
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The Precedence Diagramming Method in Project Activities
The precedence diagramming method of project activities is a visual representation technique that shows the interdependencies of activities and is used in the development of project planning. CONTENT What is the Precedence Diagamming Method (PDM)? How to build a precedence diagramming method (PDM) Relationship types in precedence diagramming method Dependency types in precedence diagramming method…
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Team training as an added value – how and when to do it
Team training is a key aspect of a modern company if you consider that teamwork is now unanimously considered essential for business success. Therefore, today more than ever, it is essential not only to know how to create a project team that works, but above all it is imperative to make it grow in the…
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Product backlog
A product backlog is a list of work priorities for the development team that is derived from the roadmap and requirements. Included within this document are new features, changes to existing ones, bug fixes, infrastructure changes, or other activities to achieve a specific outcome. The product backlog is the only authoritative source for the things…
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Team preparation and training – how relevant it is to the organization
Team preparation and training for the organization is a major part of a project manager‘s job and it doesn’t just apply to new employees. People need training and support throughout their careers, both as individuals and as a team, to develop their skills and continue to work effectively. CONTENT 5 team preparation and training tips…
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Net Present Value (NPV) and Internal Rate of Return (IRR): Project selection methods
Distinguishing between data returned by Net Present Value (NPV) and Internal Rate of Return (IRR) (two project selection methods), when analyzing a project, is important because these methods can yield contradictory results. The resulting difference could be due to a difference in cash flow between the two projects. Net Present Value (NPV) and Internal Rate…
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Decision making and its impact on problem solving
Decision making and its impact in problem solving is simply undeniable and is an intrinsic part of effective project management. CONTENT The importance of decision making in problem solving The 6 stages of the decision-making process The Decision Making Process: Defining and Identifying the Problem Clearly The Decision Making Process: Collecting Information The Decision Making…