While Kanban today is a complicated system of elaborate protocols and operational standards, back in the days in Japan, it had humble origins of sticking cards containing information on various part trays, trolleys, and inventory assets. The cards represent the demand or the lack of it based on which processes and inventory will be managed downstream. Kanban boards are the philosophy of Kanban boiled down to management structures and dashboards. It is simply a board that is used to establish proper Kanban practices at work.
Any project relies heavily on the communication between all parties involved. This means that the more effective and timely important information is transferred, the higher the chances are that the project will be a major success.
Impact investing is a special type of capital investment where the investor is not only interested in earning revenue but also bring about a social or environmental change in a perceivable manner. Impact investing can be done in all kinds of markets, be it developed or emerging. Impact investment helps in addressing some of the critical global issues such as climate change, agriculture, poverty, sustainable development, clean power, micro-financing, and healthcare among others. There are [...]
Traffic is a real-time dynamic system that is constantly changing. Every tiny change in traffic has repercussions down the line. The field of RTM or road traffic management has come about to manage such systems and prevent traffic jams and random congestion. These systems use data analytics to predict and manage traffic.
Following any kind of agile tactic requires the entire team to come together and work as one unit. Whether you utilize Kanban or scrum boards or Kanban backlogs, or a combination of the two such as Kanplan, without a top-down integration with the program, building an agile team is impossible.
Every project manager worth their salt knows that the success of a project depends on the people working at it. So, it shouldn’t come as a surprise when we say that there needs to be a sense of community surrounding any project. After all, the project’s success is dependent on cooperation and team spirit.
In an age where creativity and innovation form the core of every business, social data and crowdfunding are two aspects of utmost importance. But, what is social data? What is crowdfunding?
The project steering committee is main governing body within an enterprise that looks after the proposal and execution of projects. They ensure that the proper deliverables are met and the project is in line with key company goals. This includes approval of budget, defining standards and goals, devising project strategy, risk assessment, quality checks and adherence to time-line. The project steering committee is the body to which a project managers report to. The project manager attends meetings and informs the committee regarding the status of the project along with addressing doubts and concerns.
With the rapid progress in AI, robotics and automation technologies, most jibs are being replaced by automated systems and robots. Be it a white collar job or a blue collar one, both are affected by the rise in automated technologies and machine learning. Growth in machine learning capabilities has allowed machines to become more independent by allowing them to react to real-time changes without being pre-programmed for such tasks. Also it doesn’t take long for them to analyze extremely large data sets and generate accurate reports. This has resulted in the disruption of current industrial practices.
Project managers have to keep themselves ready at all times when it comes to managing a project. Right from the start when the plans are still being drawn up to the end of a project, changes are inevitable and occur over the course of the project lifecycle. The key is to work out how best to accommodate and adapt to these changes.
For the execution of any project, organizations require resources such as people, material, equipment, time, knowledge and skill. But these come at a cost and so no firm has unlimited access to a range of resources. For maximizing profits, it is therefore important to share the available resources judiciously among projects such that all project deadlines are met while quality output is generated. That is why resource management is a critical aspect of any project, especially for efficient financial operations.
Planning for a project requires a lot of decisions to be made on intuition and experience. There are times when shortcomings in the planning phase lead to disruption during execution. There are times when targets of the project are not met. No matter how unfortunate it might seem, when one notices early signs of failure one should terminate the project immediately to prevent further loss of time and resources.
Communication plays an important role in maintaining a good workplace culture. Effective and consistent communication is the key to creating an amiable atmosphere at an organization. Workplace culture starts at the top rung of the corporate ladder. It is up to the top level executives to establish smooth and efficient communication. Efficient communication is not established in a day. It is something that takes a considerable amount of time and effort.
One of the most vital qualities of leadership is to be able to inspire others by achieving goals through extraordinary performance. At the end of a project, your team should feel motivated to perform at exceptional levels, matching your passion and enthusiasm. Here are seven habits that make a PMO leader charismatic and inspirational.
Project management officers are vital to any business as they can take important decisions that lead to great ideas. While good PMOs are hard to find, great ones are even rarer. However, all good PMOs share certain traits and characteristics that make them an effective and valuable part of the team. Here are six of the best traits you should cultivate to become an effective and profitable project management officer in your organization.