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.
It is true that several of the biggest achievers in the world, including artists, sportspersons, and entrepreneurs, would have been unable to achieve their dreams if they hadn't learned the art of staying positive in the midst of a crisis. Project managers would often find themselves in situations where the project progress is threatened and the project team is feeling the pressure of the crisis. Such situations can cause a panic epidemic with all the [...]
A business organization has to manage both business risks and project risks. But there is a significant difference between the two. Let’s try and gain some insights into what distinguishes a business risk from project risk. Business Risks When you talk about risk in the context of business, it could be anything that has the potential of threatening the generation of profits at the predetermined target levels. Business risks could be quite dangerous for the [...]
In most industries, especially IT, technical skills are often considered to be the most important criteria for hiring. When recruiting managers, a lot of companies think that the candidate must meet a long list of important skills in order to be able to perform the job efficiently. In reality, this may not be the best approach to hiring project managers. Project management isn’t just about having a set of programmed skills; it also requires certain [...]
Effective project management needs finding a project which is a perfect match for the combined skillset of your team. The project must also match the team's competence level. If all these are done, then chances of success are much more increased. The project selection techniques provide seven time-tested techniques. All seven methods are based on logical reasoning. It helps to select the best project. Undesirable projects, those that have near zero chances of success, are [...]
The Scrum Master is typically seen as a team coach and a kind of process owner in a project. Scrum masters work to create a balance between the key stakeholder demands in a project and guide the team to deliver the best performance possible. A scrum master’s responsibilities generally involve removal of barriers to progress, scheduling, facilitating meetings and handling product backlog among others. Though scrum masters are pretty adept at what they do, there [...]