Some of the skills this project manager acquired over the years helped him manage the most difficult project of his life, one that is ongoing. Here he shares some of the lessons learned during his journey.
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Miss PMXPO 2021? It's now on demand through 31 January 2022! PMXPO is now a part of PMI’s Virtual Experience Series. Whether you’re a seasoned project manager or new to the field, PMXPO provides an excellent opportunity to learn, earn PDUs toward your certification, broaden your perspective on project management and connect with your global project management community. PMXPO is complimentary for members: non-members can attend for just $29 and take advantage of the on-demand offerings.
The PMI® Organizational Agility Conference returns bigger and better than ever as we examine evolving approaches to resilient value delivery! To remain relevant in the VUCA world, organizations and delivery professionals need to build change resilience—the ability to remain in a state of change while delivering value. This virtual conference will explore the concept of change resilience with professionals who are driving it within their organizations—and those who are living it as part of their own development.
Risk, cybersecurity, artificial intelligence, the Internet of Things—as technology transforms project management, PM professionals are either ahead of the game, or falling behind. Stay current and competitive with the 2017 PMI Information Systems & Technology Symposium. Exclusive to PMI members, this free, virtual event delivers a full day of intelligence on innovation and its impact on your PM career. • Gain insight into the tech-driven trends disrupting our industry, without leaving your desk • Network with the PMI global community while developing the skills organizations are looking for today—and tomorrow • Earn 6 PDUs • Get actionable intelligence you will not find anywhere else, tailored specifically for project and program managers Register today— Here are more details on sessions and speakers.
What can project managers do to identify and mitigate third-party cyber risks? As enterprises continue to outsource services, third-party cyber risks continue to rise. For example, cybercriminals are increasingly attacking enterprise networks by using third-parties as back-door entryways to networks. However, by learning about current trends in mitigating third-party cyber risks, project managers can mitigate these risks and increase the likelihood of their project succeeding.
Black Swans in Your Project: Understanding, Identification and Management of Extreme Unknown Unknowns
Following in the footsteps of a seminal book The Black Swan by Nicholas Nassim Taleb, I will demonstrate key failures of traditional risk management and stakeholder management practices in projects where extreme unknown unknowns are concerned. A special attention would be given to explaining how identification of Black Swans and planning the response for them is different from the traditional techniques we apply with tractable risks (known unknowns). More importantly, I will address the Project Management Principle of „Embrace Adaptability and Resiliency“ in the 7th edition of Project Management Body of Knowledge (PMBOK) as the fundamental, if not perfect, remedy to negative impacts of Black Swans that we need to apply for the benefit of the project and its stakeholders.
Save Time With Tools + Templates
UPDATED for 2022! This spreadsheet has worksheets showing the results of a Monte Carlo simulation on a sample project's work effort hours, and a companion estimate using Statistical PERT. This way, you can see how you can use just the built-in functions of Microsoft Excel to do probabilistic, risk-based estimation. Textbox comments have been added to the worksheets to aid in understanding. Use this in conjunction with the article Risk Management Starts Sooner Than You Think.
UPDATED for 2022! Statistical PERT® (SPERT®) is a freely licensed, probabilistic, estimation technique. Use Statistical PERT to estimate uncertainties that have bell-shaped risk properties, like: task duration, work effort, revenue, expenses, agile story points, project portfolios, event attendance and more. Use in conjunction with the article Getting Beta with Statistical PERT.
Use this Excel template to help track of epics on your project and get a graphical representation of progress. Adapt to fit your needs.
The process of issue analysis and improvement can be performed on the job and with our daily personal activities alike. While most professionals would focus on presenting various options for solutions when encountering a problem on the job, you should emphasize full-scale analysis of the issue at hand. This presentation uses a common problem we all face to help illustrate valuable project management practices.
Utilice esta lista de verificación antes de comenzar su proyecto de ciberseguridad.
Learn From Others
Define the scope. Build a budget. Create a schedule. The legacy triple constraint has served us well. But we need to adjust our thinking with these three new sides to our project management triangle...
Project leaders must cope with many uncertainties, from requirements to schedules. These uncertainties can’t be removed but they can me managed and often mitigated. Here are some strategies and actions to address risks, reduce ambiguities and retire unknowns.
Risk is being reinvented—and that’s a very good thing. There’s a lot more to project uncertainty than simply identifying, assessing, prioritizing and managing risk. It's time we fully embrace all of the elements of uncertainty.
How do new project managers determine whether issues are something they should worry about or whether they are simply “noise”? In the absence of experience, try this approach.
Modeling should be at the core of project management. So, where have we gone wrong? Did we lose the narrative and accept the arguments that these tasks are outside our active concern scope and leadership abilities? The simple answer is, we have.
Measurement has always been an essential part of project management success. The discipline has recently achieved even greater prominence as a project performance domain. Use these tips to refresh your measurement skills and increase performance.
As we move away from our focus on knowledge areas, what metrics is your organization using to monitor some of the new performance domains in the latest edition of the PMBOK® Guide? Here are some ways we can measure success.
Too often, acceptance of a risk becomes “pseudo-ignorance” because the owner doesn’t review the risk on a regular basis to ensure that nothing significant has changed. But while acceptance is a valid risk management strategy, ignorance isn’t!
Project managers often focus a lot on developing estimates, but sometimes they ignore the most important aspect of those estimates. Let's discuss the importance of standard deviation.
Finding the optimum level of governance, risk management and compliance enforcement is part of the secret sauce that makes for a successful PMO. What kind of ingredients make up the best framework?
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