Project Management
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188 items found

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How to Model Testing in a Project Plan

by Stephen Biddle, PMP

We all know the last thing you do in the project is test it. The question, however, is how to plan for it. The problem with many project plans is that they don't allow for a situation where the test fails, which is almost inevitable. Here's some help.

Topic Teasers Vol. 121: A Project Management Pricing Strategy

by Barbee Davis, MA, PHR, PMP, PMI-ACP, PMI-PBA

Question: As a part of the new project management office in my company, I have been asked to become involved in setting a pricing strategy for the organization. That appears absolutely no place in A Guide to the Project Management Body of Knowledge (PMBOK® Guide), and I have no idea how to begin. Am I to be planning just the cost for the people on the project team, or do I need to know about other organizational costs? Are they actually going to use my work to decide how much our customers will pay? Eek!

3 Ways to Improve Project Financial Sustainability

by Bruce Harpham

As a project manager, you’re used to focusing on the project itself. That makes sense when it comes to hitting deadlines and making your budget. There’s a gap though. You might be hurting the organization’s financial sustainability.

Staying Sustainable After Launch

by Carleton Chinner

Most projects don't end with their launch date—they have an active lifespan and eventual decommissioning. Do you know what the true end-to-end cost of your project is?

Size Estimation – Some Thoughts From the Trenches

by Karl-Erik Hirviniemi

Estimating something to be developed in a product—something that has not been done before—involves inherent uncertainty, not the least about how much work is required to produce a finished product. Estimation is about having a grip on the size of a project in terms of the amount of work, complexity or functionality, and is critical to the business.

How Much Management Reserve Do You Need?

by Mac Sauls

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.

Topic Teasers Vol. 114: Making Budgets Work

by Barbee Davis, MA, PHR, PMP, PMI-ACP, PMI-PBA

Question: My team is experienced and motivated, and while we come in around the budget I have constructed, management is constantly saying it doesn’t make any money on my projects. I am figuring in salaries and costs for raw materials at a constant rate. I always show that people work the number of hours I have projected. The company executives seem to be pleased with the work of other project managers, even if they show much higher costs than I do. Where am I going wrong?

How to Do Better, Cheaper, Sooner

by Donald Charles Wynes

Are you looking beyond individual departments and focusing on the value created in the full series of activities they perform to create and deliver their product? Here’s the story of one PM who was willing to step beyond her role to move the focus of “better, cheaper, sooner” to the whole chain of work her firm delivered to its customer.

Data Quality Management in Engineering and Construction Projects

by Valentin Kouprine, PhD, PEng, PMP, Daron Kinsey, MIEAust, Randy McMeekin, PEng

The engineering and construction industry is transforming from a document-driven to a digitally driven sector. Besides the physical assets delivered, managing project data and information is essential to providing better quality deliverables, cutting costs and controlling risks.

Explain Program Risks with Cost of Delay

by Johanna Rothman

Product and feature delays can adversely affect adoption for IT projects and revenue for commercial products. Cost of delay (CoD) is a way to explain and calculate those costs. Here’s how one agile program manager used CoD to explain risks.

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