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.
The mission of Knowledge Shelf is to help project professionals and organizations advance our practice by sharing their experiences and viewpoints. It is comprised of a wide range of practitioners from a wide range of fields, covering both popular and niche topics. From lessons learned and case studies to opinion pieces and articles, the information presented may be either specialized or general, but will be current and vital. This platform gives a voice to peers new to our online community, and allows for longer form contributions on ProjectManagement.com. For more information on contributing to Knowledge Shelf, including licensing information, please see our Editorial Guidelines.
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?
As organizations increasingly face cybersecurity issues and make plans to stay a step ahead, there is a case for introducing information security (along with a proposed Security Review Board to stimulate the thought process) as part of project management processes.
The alignment of project management activities with project risk appetite can be a powerful tool to help illustrate and communicate the relationship between these two important areas. Adopting a more formal process to frame and document project risk appetite can maximize positive outcomes.
Contributing Factors to Ethical Violations: What Makes Otherwise Ethical Project Managers Make Poor Decisionsby
A common understanding of what is ethical is necessary in all organizations, as each professional operates within the accepted boundaries. Understand the three drivers that can lead to unethical decision making on projects and how to mitigate the associated risk.
Organizations have started to recognize the benefits of having a Vaastu- or Feng Shui-compliant work environment. A decision tool that enables optimal balance of technical and Vaastu/Feng Shui factors is provided to achieve this objective along with a case study.
Gain an understanding of how to deal with the challenges of team engagement and creating alignment of values for a high-performing culture on a project. The focus is on values—and a need to facilitate team members in their pursuit of those values—instead of unwillingly working on assignments.
The success of a project depends on the processes that are followed, the people who execute them and the contractual terms and conditions. This subject is all the more relevant to companies who take up work with little background and experience. Understanding some of the common pitfalls that should be avoided by sellers is essential.
In business, disputes happen. They are an unfortunate, but inevitable, consequence of the financial interests of the supplier and the customer. What happens when we, as project managers, are faced with a customer who says they are not happy, who refuses to pay or who threatens legal action? What steps can we take to address this challenge?
Cloud technology, when deployed and leveraged appropriately, enables organizations to focus on their core strengths and offload much of the burden of supporting systems that are not part of the core business. Gain a fuller awareness of the potential change impact that the introduction of cloud solutions can generate.
Project managers with high emotional intelligence, or EQ, are more likely to succeed while building great teams. Using the leadership style most appropriate for the situation is putting EQ in action. Three leadership styles are discussed: the intentional leader, the attentive leader and the iron leader, each emphasizing different aspects of EQ.
Do You Understand the Power of Failure? Creativity and Innovation Is the Backbone of Continued Improvementby
The project management approach supports creativity and innovation for progress on projects—where team members are required to fearlessly experiment to find better solutions for continuous improvement. Gain an understanding of what failure is and how it underpins creativity and innovation to advance high performance.
Project-status reporting is intended to enable decision makers to make informed decisions that will increase the chances of achieving a favorable outcome. The process of establishing an effective and proactive reporting system that ensures engagement of the project executive team is discussed here.
India has been a focal point of the IT revolution in the last two decades. This overview frames the IT landscape and evolution; and what organizations, start-ups and workers can do in this era of confusion and transition to create more jobs, sustain jobs and try to maintain India’s edge on the industry overall.
Generally, communication is taken for granted; we assume that everyone understands it. But this is not enough when implementing a project. When communicating on a project, you need information to be in a required format, to the right person, at the right time—which is, essentially, an efficient communication.
Software infrastructure such as databases and core applications must be available 24/7 to support the business. As these infrastructure elements age, you should start planning when they will be updated or replaced. Take a look into three main areas of achieving this—making decisions, design success and selecting vendors.
When economic downturn presented challenges to the insurance industry, a leadership council was convened to lay out a strategy to improve operational effectiveness. But the tension between urgent business needs and the project discipline required for appropriate action led to unintended results.
Research Results: What IT Project Managers Think About Financial Investment Firms Pursuing Straight-Through Processing With Agile and Workflow Management Systemsby
Changes in the financial services sector have made achieving straight-through processing—a dedicated commitment to settle a securities transaction within 24 hours and minimize risk—a monumental effort. Can agile software development and workflow management systems have a positive impact on addressing straight-through processing?
By rank ordering projects, many companies mistakenly assume that all projects above the resource line constitute a “prioritized portfolio.” An optimal portfolio is a combination of projects that seeks to maximize value subject to a resource constraint while paying no attention to rank order. Follow this blueprint to implement portfolio optimization and maximize portfolio value in your company.
Cloud computing and services are central to digital transformation. The cloud improves an organization's agility to rapidly roll out new IT solutions to meet business needs. The cloud by its fundamental nature reflects an adaptive (agile or value-driven) approach to delivering products or services. How does that fit into the usual five-gate phases in IT project governance?
As a project manager, you need meetings in order to increase collaboration and resolve obstacles, but you may be taking productive time from the team member’s workday. Recognizing this helps you understand that maximizing your time together is essential. Learn how to make your meetings efficient, purposeful and interesting.
Projects live and die by decisions. Such decisions are seldom made in isolation and are often the product of deliberations ripe with dominant management culture, stakeholder egos, their politics, risk appetite and resistance to change. Learn how you can maneuver these moving pieces skillfully to influence project sponsors and stakeholders toward concurrence.
Project leadership takes guts. Face it, you take on some of the most complex assignments and are responsible for large budgets, resources and operational impacts. The steps outlined in this article will enable you to tap into your leadership potential, engage your teams and utilize proven techniques for successful project outcomes.
Providing an introduction to virtual project management and its benefits to the audience, the author offers strategies and tactics to work in a virtual setting and addresses the challenges, application and appropriate technology. This paradigm shift can allow businesses to evolve and succeed by gaining a competitive edge.