A project schedule is an indispensable tool in the hands of a Project Manager to efficiently manage and direct project work. A well-constructed and maintained schedule is a key ingredient needed for the success of any project. The DCMA 14-point assessment offers a project manager an industry defined method to quantitatively evaluate a schedule and improve its quality. The project manager may use the DCMA 14-point assessment at the beginning of the project as a set of guidelines for developing a logic driven, solid and manageable schedule, and throughout the life of the project, as a set of health checks for periodically evaluating the schedule against a set of measurable criteria.
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Every project has multiple work streams that project manager must ensure are ready to help deliver the promised benefits of the initiative. A managed OCM workstream is the most effective means of ensuring successful adoption of the work. However, there are OCM specific tools and techniques the project manager can use to effectively deliver this workstream. This presentation will explore those technical details and also discuss a communication strategy, so all stakeholders are aware of the workstream and the value it adds to the project.
December 2017 Book Club Q and A Closing Webinar – The Business of Portfolio Management – Boosting Organizational Value
Closing Q and A webinar for December 2017 Book Club on The Business of Portfolio Management – Boosting Organizational Value by Iain Fraser
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.
The process of project management is the process of making decisions. Much of our thinking about how to make decisions reflect an ideal generally called rational economic actor. In an ideal world, you weigh the alternatives based on reliable data, compute the most advantageous path and decide to choose that course. We maximize the expected economic outcome given some set of constraints. Ideally, we do this in a timely manner using a process that is transparent and inspectable. Everyone involved can understands why that particular decision was made. In the messy real world, we down-select the alternatives to consider. We work with limited data, fuzzy or even inaccurate data and, frequently, decide to take the path of least resistance. Getting to better decisions requires some planning well before the decision is to be taken. Increasingly we acknowledge the role our inherent biases play in our decisions. The insights of behavioral economics allow us, up front, to design decision making strategies and processes which limit the role of our cognitive biases. No process will immunize us against all failures but knowing what to look out for increases our success rate. During this talk we will examine how to increase the chances that our decisions will actually advance our project’s objectives without being stick in analysis paralysis. We will discuss how to make your decision making more aligned with your goals and make those decisions quicker and more reality based.
This popular Decision making webinar is based on Harvard University Prof. Michael Roberto's "Art of Critical Decision Making". Decision making is one of the most essential skills that a leader must possess. We will be looking at decision making failures at the Individual, Group and Organizational level. This webinar touches on 24 topics including cognitive biases, wisdom of the crowds, reasoning, and normalizing deviance
There have been a number of studies recently regarding the influences on how people make decisions, looking at behavioral, psychological and neurological factors. We will expore decision making from a slightly different perspective in this month's webinar. A very promising but comparatively unexplored area of decision making research suggests that social rules play a significant determinant in how we make decisions. Regardless of our own preferences, we internalize our environment, the roles that we play within that environment and what the expected behavior looks like within those roles; do decide how we decide.
Why do even professionals with extensive experience make lousy decisions? Whether it’s recruiting or bid evaluation, management has to make crucial decisions on a regular basis. But, regardless of how critical the decision may be, many managers find it hard to even entertain the idea that they might be making sub-optimal decisions.
A review of CEO qualifications and experience in the Fortune 500 would reveal that very few if any hold Project Management certifications. This is unusual given the current turbulent business environment. One would assume that organizations would value Senior Management who have the ability to successfully deliver the projects required for their organizations to adapt and grow. Join us in this webinar as we share insight straight from conversations with large organizations. Discussions indicate that they believe that PM's lack a strategic understanding of the firm, limiting their ability to grow. To build this understanding ,this webinar presents a definition and a framework for Organizational Project Management. It intends to provide useful insights into the knowledge areas that PMs need to master in OPM.
Delivering business value to the customer is the most important aspect of project management. Through the use of story and real life examples this practical session will help solidify your resolve to be a successful project manager by focusing on delivering value to your customers and business. You will also learn the five steps to delivering business value and how to apply those steps to your future projects.