In the next five years, the world will see more projects than ever. The reconstruction of the economy, healthcare, social care, and society at large after the devastating global pandemic crisis, will be unprecedented in human history. According to McKinsey, Governments’ have announced $10 trillion in reconstruction funds just in the first two months of the crisis, which is three times more than the response to the 2008–09 financial crisis. These are millions of projects, which will need millions of project managers. However, despite this positive outlook, significant trends will put at stake the project management profession that we have learned to know in the past 40 years. We should consider these signals as an urgent call for profound change in our practices and a much needed in our competencies. A small price to pay compared to the unique opportunity that the project management profession has to lead what I call our new world driven by change.
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Outages are planned shutdowns of plants for maintenance, including preventative maintenance and defects. Preventative maintenance works have pre-defined scope, a job plan and resource requirements built into a maintenance management system. The problematic area is corrective maintenance scope (i.e., defects). Defects often result in significant increase in outage scope, known as scope creep. Scope creep is a serious challenge that outage managers, outage engineers and planners face before and during an outage. In order for us to manage it, it is necessary to understand what scope creep is—and what its causes are. If the root causes are taken care of, the problem will be solved by itself! The webinar will discuss this in detail based on practical experience and will be followed by Q&A.
As any Project Management professional would appreciate, Procurement Management is an important element of managing complex projects. Through this webinar/series of webinars, Manish will discuss important concepts of Procurement management like types of contracts, standard forms with a brief overview of FIDIC documents as an example, Instructions to Bidders (ITB), importance of independent estimates, change management, Extension of time (EOT), Payment terms, Price escalation, Suspension and termination of contract, types of securities, Force Majeure and finally dispute resolution. These concepts will be discussed with examples and case studies.
How Project Management Provides a Foundation to Homebrewing: Project manage your way to better beer!
This webinar will detail how project management skills can be leveraged to learn home brewing, set up a home brewery, and then go on to master the science of beer brewing. In addition, the webinar will detail the vital role project management played in the history and evolution of beer making.
This webinar looks at the #noestimate approach, a revolutionary approach seen by some Agile teams as a waste reduction, team morale improvement and of course the elimination of one of the most dreadful activities in "waterfall". The webinar is based on the presenter's practical experience as a Project Manager and Development Manager, including real life examples of the benefits and pitfalls of estimation and lack of estimation.
In an Agile organization, most of the financial planning and reporting should not be necessary. However, very few organizations have the necessary conditions to abolish tight financial management. This webinar will propose a few financial management approaches for Agile projects, highlighting the necessity as well as the challenges of each of the proposed models.
Steps in Designing an Integrated Enterprise Project Management System for Effective Cost and Performance Reporting
Using waterfall, agile, and change management techniques, this webinar will cover the configuration points in designing an Enterprise Project Management system to allow data integration across existing Enterprise Resource Planning (ERP) systems. Project Managers will be able to better understand whether their projects are within agreed thresholds and how to better manage compensation events.
Clarifying and widening the status quo around value, especially at the enterprise level. This webinar aims to offer an explanation of value management that goes beyond the notion of value engineering and process-based tools.
The concept of schedule monitoring and control as one of the most important functions of project management has not been fully exploited. That could stem from the dominance of Earned Value Management Systems which use cost indicators to measure schedule preformance. This can be misleading. In contrast to Earned Value and Earned Schedule, the authors have developed the Earned Duration Management (EDM) which uses certain indices to measure progress and performance of schedule and cost.
To help you understand project cost management, this webinar covers cost estimating, budgeting and control. We use a case study richly embedded with illustrations of tools, techniques and project management templates. Our presenter, Dr. Vijay Kanabar, PMP, is a council member of the PMI New Practitioners Community of Practice. He is the director of project management programs at Boston University, has presented at PMI conferences and authored two books on project management.