Articles – Page 7 – Thinking Portfolio – Salkunhallinnan pilvipalvelu

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.

Thinking Portfolio2018-03-21T23:12:34+02:0011.3.2018|

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.

Thinking Portfolio2018-02-06T10:18:53+02:006.2.2018|

7 Best Elements Of Good Communication Culture

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.

Thinking Portfolio2018-01-28T11:21:11+02:0029.1.2018|

7 Charismatic PMO Leader Habits

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.

Thinking Portfolio2018-01-17T11:22:44+02:0017.1.2018|

6 Characteristics of an Effective Project Management Officer

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.

Thinking Portfolio2018-01-17T11:23:56+02:008.1.2018|

How to Write Excellent Business Case

Project management can be a complex task but writing a sound and well-researched business case could turn around even the most disastrous of situations.

Thinking Portfolio2018-01-17T11:23:35+02:008.1.2018|

What Every Chief Officer need to know about Project Portfolio Management

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 ...

Thinking Portfolio2017-12-09T11:02:38+02:009.12.2017|

7 Key Reasons Why Agile Projects Fails

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.

Thinking Portfolio2017-11-22T10:25:42+02:0022.11.2017|

How Project Planning Benefit from Virtual Reality

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’. ...

Thinking Portfolio2017-11-13T12:55:30+02:0013.11.2017|

When You Should Cancel a Failing Project

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 ...

Thinking Portfolio2017-11-05T11:01:51+02:006.11.2017|

How Do You Ensure That Project Steering Group Understands Project Risks?

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 ...

Thinking Portfolio2017-10-02T21:30:31+03:002.10.2017|

7 Effective Success Bonus For Project Managers

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. ...

Thinking Portfolio2017-09-25T17:09:25+03:0025.9.2017|

How Successful Project Managers Handle Communication

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.

Thinking Portfolio2017-09-18T23:49:03+03:0018.9.2017|

How To Run A Project Post-Evaluation Meeting

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 ...

Thinking Portfolio2017-09-10T10:57:56+03:0011.9.2017|