How to define simple success bonus for the project manager and project group?

Behind every successful project is a forward thinking project manager and their team. Project managers and their teams pour their blood, sweat, and tears into their projects. As a recognition of the hard work that team members put in and the sacrifices they make to steer the project in the right direction, businesses must design and implement a bonus plan for the project manager and their team.

2019-02-18T09:18:24+00:0018.2.2019|

6 Key Performance Indicators to Use to Ensure Success with Your Project Portfolio

A key performance indicator or KPI is a measured value indicating how effective an organization is in achieving its key business goals. In the context of project management, it demonstrates how successful the project was in benefiting all the people involved: stakeholders, customers, employees, and the community as well. Without KPIs, it would not be possible to assess the progress of the projects towards fulfilling the goals set. Here are six such key performance indicators [...]

Top 6 Benefits Of Kanban Board 

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. 

2018-11-27T12:10:13+00:0027.11.2018|Tags: , |

How to Measure Impact Investment

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 [...]

2018-10-19T09:27:57+00:0022.10.2018|Tags: , |

How AI supports Project Steering Group

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.

What Project Manager should Learn from Robots

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.

2018-04-27T10:05:44+00:0027.4.2018|Tags: , , |

How to add Artificial Intelligence into Project Resource Management? 

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. 

2018-03-21T23:12:34+00:0011.3.2018|Tags: , , |

7 Signals When to Terminate The Project

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.