project management – Page 6 – Thinking Portfolio – Salkunhallinnan pilvipalvelu

Six Lessons That Project Managers Can Learn From a Watchmaker

Let’s cut to the chase straight up, and take a look at what tricks a project manager can pick up from a watchmaker to make sure that their project runs like clockwork. Design Traditionally, watchmakers built watches from scratch apart from assisting with repairs. However, they deal with repairs for the most part today, unless they are making watches for niche consumers. Even so, watchmakers are aware of all the design aspects that go into ...

Thinking Portfolio2017-07-04T11:25:32+03:0014.3.2016|

How to Give Promoters Score For Project Managers

A net promoter score is usually used by businesses to estimate customer loyalty. What many businesses do not know is that it can also be used to evaluate employee loyalty. Let us take a look at how promoters score can be used in the context of determining a project manager's engagement and loyalty toward the company, and how it impacts the customer net promoter score. What is a net promoter score in project management? A ...

Thinking Portfolio2017-07-04T11:25:48+03:007.3.2016|

6 Things a Project Sponsor Should Do For a Project Manager

Project managers and sponsors work hand in hand on projects. Project managers do not get to choose the sponsor that they want to work with. Typically, a sponsor is already in place, before a project is assigned to a manager. If your sponsor does not understand the roles that he/she need to fulfill, then you should be be bringing up the same with them, else you may be held responsible in case the project falls ...

Thinking Portfolio2017-07-04T11:26:38+03:0023.2.2016|

What Makes a Project Sponsor Excellent

From advocating a project to minimizing risks, a project sponsor is as important as a project manager in spearheading a project in the right direction. Given the limited time-frames and resources at hand, and quality constraints a project sponsor can make sure that the deadlines and expectations are met. They can make all the difference between a success and a failure. Let's take a look at how you can go from just another project sponsor ...

Thinking Portfolio2017-07-04T11:27:20+03:0015.2.2016|

Six Sigma vs. Lean Management

Efficiency is no more something that a company or organization strives towards. It is now accepted as a part of how a business process is created to run. Achieving better and higher levels of efficiency is what every business is now looking at. Every process, including production and manufacturing will have a certain level of inherent redundancy. While not readily apparent, they will always be in the system. Identifying these spillovers and redundancies is what ...

Thinking Portfolio2017-07-04T11:35:43+03:009.2.2016|

What a Project Sponsor Should Learn From an Orchestra Conductor

When you pitch an orchestra against a project for comparison, it's as if you are looking at the two ends of the spectrum - one involves creative expression and the other corporate humdrum. Even so, there are quite a few similarities between what it takes to leading the two. Let's take a look at what lessons a project sponsor can pick up from an orchestra conductor. Leadership A conductor is solely responsible for the interpretation ...

Thinking Portfolio2017-07-04T11:36:56+03:001.2.2016|

Six Lessons That a Project Manager Should Learn From a Marathon Runner

The challenge of running a race and the satisfaction of completing one is similar to a project management setting. Here are some lessons that project managers can pick up from marathon runners. Flexibility Ask any seasoned marathon runner and they will tell you that they have a set routine for their run. They are also equally open to new routines or any changes in their daily routine, whether it is to challenge themselves or prevent ...

Thinking Portfolio2017-07-04T11:37:24+03:0024.1.2016|

Six Things That a Project Portfolio Manager Should Avoid

Project portfolio management is no rocket science, follow some tried and tested norms and principles and you can be sure that it is in the right path. Similarly, the PPM rulebook also has common mistakes that you can avoid. 1. Starting with the PPM tool Always start by noting the requirements and refining your processes, and then pick a PPM tool. While there are top of the class PPM tools in the market, each vendor ...

Thinking Portfolio2017-07-04T11:38:10+03:0018.1.2016|

What a Project Manager Should Learn From Lego

One of the leading toy-making company in the world, Lego, has had its fair share of ups and downs through its timeline. What’s more important is that it has managed to stay afloat, rather emerge successfully in its full grandeur, despite having a hard fall. Interestingly, Lego’s lessons cannot just be applied by other organizations but also in a project management scenario. Here are some important lessons that project managers can pick up from Lego. ...

Thinking Portfolio2017-07-04T11:38:37+03:0011.1.2016|

How to Create a Realistic Project Schedule

Did you know that approximately 78 percent projects run behind schedule, deliver reduced functionality and surpass the budget which was agreed upon in the beginning? The reason behind this could be that the schedule for the project was created much earlier and did not have a lot of inputs. Hence it lacked direction. There is often some confusion between project management plan and project schedule. Here is some clarity: the project schedule is a part ...

Thinking Portfolio2017-07-04T11:38:57+03:003.1.2016|

The Best 6 Project Management Secrets You Need to Know

While there have been many and many books written on the subject of project management, there is no sure-fire procedure or equation to get it right. Of course, that also explains why there are so many books on it. Well, we'll cut to the chase and lay out six project management principles that you can use. Research A project manager should have a fair understanding of the industry or niche of the project, so they ...

Thinking Portfolio2017-07-04T11:40:00+03:0015.12.2015|

What Can A Project Manager Learn From the Six Blind Men

Project management, like a lot of other things, is best explained through an example, and in this case a fable. One story that we can think of which rings true with project management principles and practices is The Blind Men and the Elephant by David Schmaltz. In the story, six blind men are asked to describe an elephant. Each one comes up with a different description; one man feels its tail and calls it a ...

Thinking Portfolio2017-07-04T11:40:18+03:0010.12.2015|

Strategic portfolio management and causality in business environment

In this instance the portfolio management causality means the relationship between two events which affect the portfolio. This is a situation where one event causes another. Typically, from portfolio management perspective, this could mean a significant change in the customer demand or in the interest level. A well-defined portfolio can find an effect for this during portfolio analysis. External indicators for the portfolio are a challenge A company's external factors and their indicators are often ...

Esa Toivonen, Managing Partner, Senior Advisor, CGEIT, CISA, CRISC, LJK2017-07-04T11:40:52+03:003.12.2015|

What a Project Manager Should Learn From a Housekeeper

A project manager is a professional who is responsible for the planning, execution, and closing of a project. A project manager regulates a variety of operations like managing the project stakeholders, managing the risks associated with a project, and managing the project budget. The duties of a housekeeper are somewhat similar, except that the environment of the job is different. There are plenty of virtues that a project manager can learn from a housekeeper. Some ...

Thinking Portfolio2017-07-04T11:41:37+03:0025.11.2015|

Six Blind Men and Project Portfolio Management

What can be done to avoid making project management a beastly task for everyone in the organization? How does a project actually become a success story? We can get the answers to all these questions in David Schmaltz’s tale “The Blind Men and the Elephant”, which is a guide to understanding and managing project work. In the story, six blind men try to formulate a description of an elephant to meet the others’ satisfaction. And ...

Thinking Portfolio2017-07-04T11:42:24+03:0019.11.2015|