When evaluating the acquisition of a company, many organizations emphasize the financial aspects but downplay facets of the consolidation dealing with project execution. This paper examines the major considerations and discusses how to improve the integration process to avoid negative impact.
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The disruptive forces of Artificial Intelligence (aka AI) are bearing down on project managers. Today, machines are able to analyze larger data sets and adapt faster than humans could ever imagine.
No matter how many projects you have worked on in your professional life, every single one of them has some form of change. Change is a constant throughout the project life cycle. This article provides details on what off-specifications are, and how an off-specification can be managed effectively.
Project Team Organization in Product Innovation as a Success Factor: Perspective of the Practitionerby
The influence of project team organization as a factor in its performance has hardly been reported. This work reviews the most common project team organization models. Although no perfect model exists, this paper highlights the criticality for senior leaders to design the most appropriate team organization and provides some thoughts on how to tackle potential pitfalls.
Did you ever have to call a project team back because the project was delivered and support was not set up? Not setting up support can give a good project a bad name. Throughout the phases of a project, support should be defined, planned, and set up. Be well prepared by asking the basic questions outlined in this article.
Agility refers to the ability to change the position of one's body without losing balance. Cultural agility then becomes a competency that enables professionals to change their state of mind to perform successfully in cross-cultural situations. Global professionals that develop cultural awareness and agility will be the ones who gain a competitive advantage in a global economy.
How can you optimize project portfolio selection? The key question is how to select a “right” mix of projects aligned with company resources and strategic goals, and maximize portfolio value. The most popular techniques are described and an example illustrates the advantages of optimization modeling as the most effective and accurate technique for portfolio selection.
Project managers strive to learn from past experiences and guide others to do the same. However, these lessons learned normally exclude topics related to the plight of the project manager, who must regularly navigate the “domain of the unpredictable.” This article proposes a new device, “strategic lessons learned,” to address this void.
In adopting agile, management may choose to implement a “skinny” version consisting of selected features. Any one feature of agile selectively introduced into the legacy environment may seem sure to fail. But agile is not static and with continuous improvement will mature it into a more comprehensive methodology.
Failure Mode and Effects Analysis (FMEA) is one of the first structured techniques of failure analysis and is a very important tool in the engineering industry. The innovation discussed by this paper is that the engineering analysis method is applied to the project management process; the paper also calls on the importance of the exchange of engineering analysis tools and management methods.