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Intending to transform the established life insurance business of a leading insurer is a multi-dimensional challenge. It is also a story of the level of adaptability, perseverance and collaboration. In this case study of a leading Swiss insurance Company, the author shares the insights gained from the four-year journey as the company prepares for implementation.
When problems are tackled collaboratively, usually the organization wins. Effective collaboration requires more than technology. There’s a subtle, but important, fact that the most powerful solutions are only as good as the people using them.
Giving up control and empowering your team can be a terrifying experience for many leaders. Micromanagement has its place; partnering has its place. The key is to understand when each is needed. That’s the role of the leader.
La comunicación interna genera ideas, y las ideas pueden convertirse en procesos, productos o servicios innovadores, o llevar a la adopción de nuevas tecnologías y conocimientos. La comunicación abierta juega un papel central en negocios creativos e innovadores. Aprenda cómo mejorar la comunicación puede mejorar los resultados y beneficiar a su negocio.
Internal communication generates ideas—and ideas can become innovative processes, products or services, or lead to the adoption of new technologies and knowledge. Open communication plays a central role in creative and innovative businesses. Learn how improving communication can enhance results and benefit your business.
It is a VUCA world—volatile, uncertain, complex and ambiguous—and project management is no exception. In such situations, the final project may hardly resemble the original or initial plan. Welcome to scope creep! How can critical thinking help?
An efficient frame of governance helps to ensure the strategic alignment of the organization with corporate initiatives and their realization. This article analyzes governance around projects with an organizational approach at the strategic level, at the tactical and portfolio level, and at the program and project level.
There is a strong correlation between the success of a start-up and the extent to which the entrepreneur executes on the disciplines of finding customers, enabling operations and managing resources. How can entrepreneurs gain insight into the link between the methods needed to manage projects and the processes of establishing a business?
The trap of applying best-practice project management only to have the project fail because of executive inaction or counteraction can be avoided. This how-to paper describes how project managers can get their executives to act, and it identifies executive actions most likely to contribute to project success.
Project management techniques can ensure that a facility closure is completed effectively, with economically, environmentally and socially responsible outcomes. Applying risk management processes assures the right set of strategies are incorporated into the project execution to respond to possible risks.
Connecting with organizational culture to enhance productivity is paramount in project management; it helps to not only improve performance, but also adds meaningfulness. How can organizations align their values with talent management to inspire team members and create a high-performing culture?
by Melanie Eichhorn-Schurig, Prince2, LL.M., Diplom-Kauffrau (FH), PMP
While applying her experience in the banking industry to a home expansion project, the author learned some key lessons: Project management skills are transferable between sectors and project managers should not be afraid to take on projects in areas where they have little or no industry knowledge.
Projects with many influential stakeholders face difficulty in arriving at an agreed-upon scope. And even after this agreement, complex project requirements may fluctuate from relatively stable to uncertain. The author shares insights into effective scope management and the role of governance boards.
Establishing collaboration between a nearshore development subsidiary and an offshore outsourcing supplier can present challenges even when the client has an established delivery model for outsourcing projects. With nearshore-offshore collaboration on the rise, a better understanding of the challenges involved is beneficial.
A common, shared ethic can close the generational gap and aid in team integration, but the complex business environment necessitates an approach to ethics founded on culture. The catalyst for that culture must be embedded in leadership’s participation in behavior that reflects the shared values of the project management profession.
Vendor management is a key activity in any project but literature often overlooks the vendor’s point of view. While there can’t be a “one-solution-fits-all” strategy to the challenging activities involved in making your pitch, the author, working with an IT service provider, shares his recipe for winning the client.
What is it that makes learning from projects so elusive? This article posits that culture has a significant influence. Presented here are the most common challenges to learning identified in industry and academia—reframed as cultural issues—alongside practical recommendations for overcoming them.
Like many industries, the field of project management has embraced technology, seeking to improve efficiency and outcomes. But while technology may improve or complement the skill set of project managers, it will never be a substitute for their roles.
Innovation is mandatory to drive digital transformation and position an organization to thrive in the global market. An analysis from four different points of view (end user, team, organization and environment) demonstrates the importance of putting people at the center of the creative process.
Not managing scope can seriously jeopardize a project, as the scope is the bedrock on which the product or solution is built. Understanding the various reasons for scope expansion in terms of customer- and vendor-induced expansions and how to define a good requirement are important building blocks.
Companies are utilizing virtual teams to bring together ideas, talents, resources and opportunities. Explore various virtual team management strategies as implemented by the author within a team of women e-learning professionals. Project managers will be able to identify tried and tested methods for managing virtual teams.
Within the scrum framework, the responsibilities and accountabilities of the scrum team as a whole align to the project management activities defined within the PMBOK® Guide. Understanding how these roles align helps to determine how a traditional project manager can transition into a scrum team on an agile project using the scrum framework.
Nations are targeting better and more sustainable economic growth that requires high infrastructure investment. Public Private Partnership (PPP) helps bridge the budgetary gap, as well as being a method for cost-effective and quality service delivery.
by Teresa Lawrence, PhD, PMP, CSM, Roger Firestien, PhD
Brainstorming is a recognized idea-generating tool and it certainly has a home in project management. The more ideas you generate, the greater your chances are of coming up with good ideas. Follow these guidelines for a productive brainstorming session.
This article shares a real-time learning experience in agile software development methodology during project execution. The author offers insights into project challenges, lessons learned and success realized, referencing the Manifesto for Agile Software Development and agile principles.
Proactively managing risks during the different phases of a project can have a significant impact on the project’s outcome. Explore four key factors that can help alleviate the workload of the project management team and lead to better project results.
Commitment to quality and implementation of programs aimed at process improvement are becoming focal points to increase overall performance. The incorporation of total quality management (TQM), a leading management philosophy, with strategic planning is natural and inevitable.
Whether or not you acknowledge it, the more importance you give to strategy, the less financial value you are able to extract from your portfolio; the converse is also true. What algorithm can we apply to portfolio selection in order to get the best out of strategy and the best out of economics?
What are the elements that can ensure a successful project adoption? What are some basic tactics that can be used to help make sure that stakeholders and in-the-trenches users have the best attitude possible to make the change and spread the news to their colleagues?