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Bottom-Up estimating

Wiki

Bottom-up estimating involves the estimation of work at the lowest possible level of detail. These estimates are then aggregated in order to arrive at summary totals. By building detailed cost and time estimates for a work package, the probability of being able to meet the estimated amounts improves substantially.. Bottom-up estimates take more time to complete, but they also are more accurate than either analogous or parametric estimates.

War Room

Wiki

War Room is a room dedicated to a project to provide communication and collaboration space for a project team. A room used for conferences and planning that is often specially equipped (as with computers, or charts).A room where people meet and exchange plans, ideas, information, etc., in an active way.

The Agile Enterprise: Managing Financial Aspects in Agile Projects

Jan 10, 2020 9:00 AM EST (UTC-5)
PREMIUM webinar

Agile is sometimes introduced as a cheaper way of delivering projects, products, and services. Unlike the traditional approach of measuring the value delivered based on the planned deliverables, the budget spent, and meeting the critical milestones, Agile doesn't and shouldn't track the delivery in the same way. Agile is a new approach, and traditional project finance management may not be relevant or can become an impediment to agility. Agile is or should be based on trust, and in an Agile organization, most of the financial planning and reporting should not be necessary. However, very few organizations have the necessary conditions to abolish tight financial management. This webinar will propose a few financial management approaches for Agile projects, highlighting the necessity as well as the challenges of each of the proposed models.

Opportunity to Participate in PMI Standards Development

by PMI

It's your opportunity to help shape a global project management standard that has sold more than 6 million copies! Find out how to review and provide feedback to the exposure draft of The Standard for Project Management.

Factors, Approaches, Impacts, and Effects of Communication

by Pang De Xian

Our fluency in conveying our messages affects the fluidity of the messages’ transmissions, and thus the effectiveness of their intentions. Learning the relationships between factors, approaches, impacts, and the effects of communication can help to improve our communication and correspondence skills in listening, writing, and conversation.

The Agile Enterprise: Managing Financial Aspects in Agile Projects

by Stelian Roman
January 10, 2020 | 59:56 | Views: 1,244 | PDUs: 1.00 | Rating: 4.43 / 5

Agile is sometimes introduced as a cheaper way of delivering projects, products, and services. Unlike the traditional approach of measuring the value delivered based on the planned deliverables, the budget spent, and meeting the critical milestones, Agile doesn't and shouldn't track the delivery in the same way. Agile is a new approach, and traditional project finance management may not be relevant or can become an impediment to agility. Agile is or should be based on trust, and in an Agile organization, most of the financial planning and reporting should not be necessary. However, very few organizations have the necessary conditions to abolish tight financial management. This webinar will propose a few financial management approaches for Agile projects, highlighting the necessity as well as the challenges of each of the proposed models.

The Project Manifesto - The Guiding Principles of the Project Economy

Jan 8, 2020 10:00 AM EST (UTC-5)
PREMIUM webinar

We are witnessing the rise of projects as the main unit of work, as well as the essential model to deliver change and create value for individuals, organizations, and society at large. Despite this surge in project activities and project spending, the risk of project failure continues to be huge and will continue to increase unless organizations and governments embrace advanced project leadership practices. Widely used management disciplines are often linked to a few simple frameworks that can be easily understood, and applied, not only by managers but also by the majority of individuals. Porter’s Five Forces is a great example. In contrast, project management methods have tended to be too complex to be easily understood and applied by non-experts. Under these circumstances, it is not surprising that we saw the rise of agile, triggered by the Agile Manifesto, in February 2001 by 17 independent-minded software practitioners. Considering that this year is the 50th Anniversary of the creation of the Project Management Institute, it is time that we co-create The Project Manifesto.

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