According to the Project Management Institute, an increasing number of organizations are reporting added value with the appointment of a chief project officer. The chief project officer is someone who owns the responsibility of governing the internal projects of an organization. Some of the specific duties of such as officer include: Ensuring each project is supportive of business goals Driving linkages and efficiencies between projects Connecting every project to business strategy Making sure that each [...]
Agile is considered to be a repetitive method for executing software delivery. In the Agile approach, the aim is to develop software in small increments by taking into consideration important feedback from the environment. It is different from the conventional approaches, such as the Waterfall methodology because the complete solution is not delivered at once.
Virtual reality is no longer limited to the gaming industry. It has found its application in several other verticals including manufacturing, construction, social networking and education and training. There has been a significant increase in ‘remote work’ in the last few years. Several companies have globalized workforces and spend over $1 trillion each year on their travel. Embracing Virtual Reality in Project Management Employees in virtual teams typically face communication challenges due to ‘no proximity’. [...]
There are times when a manager can achieve the most by bailing out of a project. This does not mean quitting when the going happens to be a tad tougher. People who are productive rarely surrender sans a fight. There could be times, however, when the personnel hit a point where returns start diminishing every passing day. This is the time when further investment in resources could be waste of money. Even big companies flop [...]
In essence, SAFe or Scaled Agile Framework refers to the approach of developing an agile software framework based on integration of knowledge patterns for the purpose of scaling across an enterprise. Functioning on the principle of Lean-Agile Development, the SAFe framework is incorporated for providing guidance at team, program and portfolio levels. Regardless of all the criticism associated with it, SAFe has been found to be exceedingly adaptable to the different needs and requirements of [...]
The latest EU GDPR (General Data Protection Regulation) is due to be implemented starting May 25th, 2018. It is among the most significant security initiatives to be developed in the last couple of years and has several implications for private as well as public sectors in the continent. The EU GDPR has various requirements with regards to the ways in which businesses should handle the processing and protection of personal information. Further, these requirements demand [...]
Risk management is a critical aspect of project management that involves identifying, evaluating and mitigating any potential pitfalls associated with the task at hand. To put it in simpler words, project risk management is all about assessing what risks or hazards might come along during the process of achieving a specified goal and devising ways and procedures of dealing with the inevitable. Lack of proper risk management can lead to a number of issues including [...]
The motivational requirements of those working in project set-up are usually different from those working as independent professionals in an organization. But both project managers and team members like to be offered incentives for their work throughout a project. Some of the key factors that help develop suitable bonuses for project managers include the following: 1. Output/Productivity Output or productivity based bonus schemes are primarily used in the manufacturing industry, e.g. production of cotton garments. [...]
There is a difference between ‘good’ communication and ‘effective’ communication and it is critical for project managers to understand this difference. According to a recent industry report, the most vital factor driving project management success is effective communication with the team and stakeholders. Further, effective communication could result in greater success in projects thereby allowing companies to achieve higher standards of performance.
It is critical for project managers to conduct project post-evaluation meetings with their teams. The agenda of such a meeting is focused on factors such as the results, performance and expenditure information available after completion of the project. Prior to conducting a project post-evaluation meeting, project managers must collect relevant project data and develop a concrete meeting agenda. This will allow them to see clearly, the issues that need to be addressed and the ways [...]
It is important for agile managers to study all aspects of team management- formation/structure, working, growth, reward systems, communication and so on. An agile manager isn’t a micromanager, but someone who leads the team intimately from the outside. Here are 10 useful ways in which a project manager can manage his/her agile team: 1. Be a cheerleader As an agile team manager, you are not required to ‘direct’ the work for your team. Your job [...]
What separates a good project manager from a brilliant project manager? The answer is quite simple: brilliant project managers don’t just have capabilities and technical knowledge, they are also quite adept with how to communicate with their teams at different levels.
Keeping a track of KPIs or Key Performance Indicators is absolutely critical to project management and success. In the absence of a system that tracks KPIs, it is nearly impossible to assess the progress of a project towards the predetermined goals.
Project Portfolio Management facilitates measurement of the impact that project management has on cost, procurement, product quality and human resources at the level of the entire organization.
For success in project management in the present times, it is critical for project managers to bring their attention to multiculturalism. And what is multiculturalism? It could mean dealing with an internal team that has members from diverse cultures and ethnicities. Alternatively, it could also imply managing a cross-cultural team for a global project.