Project Management

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Managing Projects Effectively during a Pandemic

by Vishnu Vardhan Madhavan
June 11, 2021 | 45:56 | Views: 6,346 | PDUs: 1.00 | Rating: 4.21 / 5

During a Crisis, managing projects become extremely critical as we may experience Cost & Schedule overruns, unidentified Changes & Risks that creates an imbalance. Focusing on Priority Knowledge areas of PMBOK during a crisis, helps us stay aligned to the Program GOAL's & the Organization Targets. An approach to consolidate the projects of a Program or a Portfolio in a single shell will be my call during this webinar - with my personalized model that can give an "Effective Approach".

2021 and Beyond....5 Disruptive Trends in Project Management

by Antonio Nieto
May 04, 2021 | 61:15 | Views: 10,002 | PDUs: 1.00 | Rating: 4.67 / 5

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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Save Time With Tools + Templates

Project Problem Solver Proposal

PREMIUM deliverable
by Valentina Enache

Use this template to document project pain points and desired future states, including how proposed solutions will benefit strategy and customer satisfaction; impacted departments; risks; costs; and more! Adapt to fit your project/organization.

Final Project Performance Report

PREMIUM deliverable
by Sandra Li

The Final Project Performance Report is developed in the closing process. It documents final project performance as compared to the project objectives. The objectives from the project charter are reviewed, and evidence of meeting them is documented. Use this form to document your progress.

Program Financial Tracker

PREMIUM deliverable
by Jeremy Wiltz

This program financial tracker has a set of dashboards for a program to provide customers/client, and use to manage the financials of their program. The entry tabs allow the program to enter planning and actual material costs, funding sources, and labor costs (even with multiple CLINs) to a granular percentage of an employee's time. The dashboards are calculated from the data entered. The dashboards included: Balance Sheet (and graph); Material Costs; Monthly Expenses; and Funding Sources.

Overview of the Project Management Process

by John Galyon

While actively participating in mentorship during a project with a local design/build firm, this practitioner compiled an overview of the project management process as detailed in PMI’s A Guide to the Project Management Body of Knowledge (PMBOK® Guide). Use this overview with other project managers as a tool to reference in your day-to-day PM activities (as well as share with new project managers).

Learn From Others

Topic Teasers Vol. 137: Lowering Software Purchasing Risk

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

Question: Due to major cutbacks at my organization, I have been asked to work on getting new software that we need to update. In the past, we had a procurement department to do this. Since they were all let go, finances are at a low level for us. How can I quickly get myself up to speed so that I lower the company risk when we sign a new software contract?

Topic Teasers Vol. 134: Unexpected Changes Lead to Alphabet Madness

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

Question: Due to the pandemic, my original project estimates aren't accurate. It’s not enough that we are over budget and behind schedule, I now need a way to show management how I predict this work will change financially and in terms of time. I learned some alphabet formulas to pass the PMP® exam, but that was years ago. Is there a simple way to calculate this stuff?

Topic Teasers Vol. 130: Early Money = More Money

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

Question: My manager is always pushing me to finish early or deliver parts of things. This makes no sense to me. Money is money. I would reason that as long as the business receives it before the end of the year and the final stakeholder’s report, what difference does it make if we deliver project outcomes it in one month or wait a couple more and make sure everything is perfect before things are released. Why the pusht?

Approach to Project Management Fundamentals

by Fraser MacDuffee

With the PMBOK® Guide as the foundation, organizations can build their project methodologies to meet their specific business needs. The focus in this article is on the fundamentals of project execution. All of these elements are interdependent and take time and effort to build. Principled execution is the goal for our customers and ourselves.

Complicating the Project: When Simple Math Will Do

by Paul Baumgartner, PMP

Why inject complexity into your projects when elementary math will suffice? Cut through the quantification using these three simple formulas when engaging with stakeholders.

Getting Visual With Uncertainties

by William Davis

Sharing only single-outcome estimates of the future fails to convey project risk, uncertainty and the project team’s nascent project knowledge. A far better approach is to use visual signals to help project sponsors sense the uncertainties that they and their project teams face.

Project Management for Energy Reform: An Opportunity for Government

by Dan Potash

The benefits of project management for traditional energy projects, such as building a power plant, are well known. But there are also benefits for energy sector reform, particularly government initiatives. Project management techniques can help by clarifying objectives, engaging stakeholders, improving the speed of legislation, and managing scope and schedule.

Topic Teasers Vol. 129: Preparing for Recession

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

Question: I am the project manager in a small business? Oh, wait…I’m also one of the owners. My partners and I are concerned with what we read and hear in the news about a possible upcoming recession. We’re not sure how to adjust our projects and our other business practices to have the best shot of surviving if an economic downturn occurs. How can I use my project management skills to set up a “Live Through It Successfully” project?

How Much Time Should Be Spent Planning?

by Stephen Biddle, PMP

How long should we spend on planning as a proportion of the project lifecycle? That's a very good question, and one this practitioner often gets asked. So, is there an answer?

Performing Cost Control in Construction

by Mohamed Ammar

This article describes construction project cost control techniques without the use of special tools or software…and with the help of organizational process assets (OPAs).

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