Strategic risk management belongs in any collection of organizational process assets! By examining domain-specific types of risks (strategic, operational and tactical) and how corporations react to them, this article demonstrates why strategic risk is of the utmost importance to corporate governance and, by extension, to the chairman and board of directors.
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It is a critical decision process for executive teams as to whether, why and when to embark on an agile transformation. Practicing new ways of working and transforming an entire organization is a huge challenge but can help enterprises to deal with digital disruption, reduce costs, boost efficiency and improve quality.
“Where’s my package?” It’s a question we are all familiar with. Project management in the field of logistics requires broad insight into a true end-to-end process, quality documentation and far-reaching team management skills. How does one manage this process for a customer?
Effective decision-making requires forecasting the outcome of each option based on the probability of alternative scenarios. As a project manager, you must become the financial advisor on your project. Management reserve should be added to your baseline costs, then used to manage the uncertainty of risks and to mitigate variability.
Stephen R. Covey’s 7 Habits of Highly Effective People teaches timeless, universal principles to help us be our best. Take a quick tour through the 7 habits with a special emphasis on their relation to project management. Self-reflective questions prompt readers to consider how they might execute projects more effectively.
Project bugs and the forecasting of progress can be complex. An Excel spreadsheet can be employed to gauge the progress of the testing and resolution teams. Using this simplistic method in conjunction with test-estimation techniques can help the project manager determine the completion date for testing efforts.
Something is going wrong with business agility in many organizations. Everyone is jumping on the bandwagon and saying they’re “agile,” but in reality they’re not. Few identify the problem as a lack of change management, but a formal agile transformation integrated with a change management program is critical to success.
Tailoring your approach to project management promotes the ability to fulfill strategic organizational goals. It is necessary to understand the strengths and weaknesses of each approach to be able to determine which fits your project’s needs. This analysis provides insight to aid in making an informed decision.
Faced with overwhelming workloads, we are often advised to “prioritize,” as if that is some sort of magical spell. We need to look beyond prioritization. Here are some useful tools and techniques that can be applied by individuals as well as teams to increase productivity.
Software upgrades are a necessary part of the information systems life cycle and there are various requirements that drive the need for upgrades. Upgrading systems is not an easy process, but utilizing best practices and applying PMI’s project management principles can play a big part in ensuring a positive outcome.