This presentation explores the concept of bounded rationality & its impact on project management decisions. Different bounds have been identified & discussed which impacts critical decisions during different phases of the project life-cycle. A bound free model of decision making has been discussed as part of this webinar.
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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.