The risk we take in swearing allegiance to a specific approach is that following the approach often becomes more important than achieving the goal of the project. Let’s explore the merits of using the best of different approaches—and how marrying them into a hybrid model impacts the way projects are planned and managed.
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Planning, Assessing, Analyzing and Monitoring Country and Political Risk During the PMI Risk Management Processby
Pursuing overseas or cross-borders business requires an understanding of the country and political risk—it is, indisputably, a key consideration. The author demonstrates how PMI risk management processes and best practices can be customized to expand the picture of country political risk assessments, identification, analysis and monitoring.
Project Management Institute has expanded its attention to requirements management with the launch of a new business analysis credential and an online knowledge hub for practitioners and organizations. A new practice guide and practice standard are in the works.
Business analysis has become a competency of critical importance to project management. It’s time to become the certified expert your organization needs. If you work with stakeholders in defining requirements, shaping project outputs and driving intended business outcomes, the PMI Professional in Business Analysis (PMI-PBA)® will spotlight your valuable skills.
The webinar PMI-PBA®: From "What It Is?" to "I Did It!" was full of valuable information, and the conversation continued afterward! Here, the presenter covers some additional questions and answers that came out of her presentation.
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.
The need for prioritization appears when multiple projects are planned in an organization and there is a shortage of resources. In order to deliver business goals and objectives, the focus should be on projects that provide strategic value. Learn about the factors and methods involved to better prioritize your projects.
Many organizations, while accustomed to the demands of managing individual projects, are ill-equipped to handle the complexity of larger-scale programs. Here are 10 essential elements of program management.
Organizations often talk of project management failure and put us in a vicious cycle of cause/effect analysis loops. The problem is that we look for the cause of project management failure where the light is--and not in the dark spot where the true issue is. This three-part series helps to uncover some key underlying and recurring sources of confusion within organizations. Part 1 looked at decision-making dilution; we now turn our attention to methodological and structural confusion.
Project managers must ensure that projects are aligned with business strategy and value creation for their company and its shareholders. The author demonstrates the importance of the bridge between the business and project worlds, even when there is not a clear link between their objectives. But one objective always remains the same: to create economic value.