As product development organizations with constrained resources aim to make the most of their product pipelines, they are turning to project portfolio management. And PPM vendors are taking note, adding specialized capabilities to their offerings.
Research and Development. R&D. Most of us have heard this phrase without paying much attention to it. As a matter of fact, most of us work in R&D. But what do these two terms mean? And more importantly, what is the implication of doing research versus doing development on your company's bottom line?
The RACI model is a quick way to lay out roles and responsibilities on your project. It allows you to discuss, communicate and agree upon roles for your project. A RACI matrix is a document that clarifies which individuals or groups are responsible for a project’s successful completion, and the roles that each will play throughout the project.
Defining roles and responsibilities is an early and extremely important step in project success. This matrix will keep roles straight while aligning with your overall project plan.
PMIEF’s student project manager series continues with a Q&A with Naomi Nordeen, a student project manager for her F1 in Schools North America team from Pennsylvania.
The Need for Speed - The Rapid Application Development process delivers a system very quickly by focusing on implementing a single business system design area, a prioritized subset of the set of business areas that comprise the enterprise as a whole. The RAD approach is most suitable for small, focused projects with well-defined data and feasible technical architecture requirements. RAD optimizes project speed through such management techniques as prototyping, timeboxing and iterative development.
Clarifies the roles (R - Responsibility, A - Authority, E - Expertise, W - Work) organizations and/or specific individuals play, in performing a specific business activity within the enterprise.