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.
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 [...]
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 [...]
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 [...]
There is more than a possibility that you use terms like program management and project portfolio management in your daily language. Both of these words are common everyday words and have simple meanings. However, in case of organizational management, a majority of people are unaware when to use such terms. These words hold different meanings for different companies. Even within a company, different stakeholders use these terms differently. It is apparent that confusion abounds when [...]
Management is crucial to an organization. Without proper management, any company will fall to pieces sooner or later. Management is constantly evolving. New techniques are being implemented in the process of managing to increase the productivity and make processes more efficient. Management in today’s age is very different from the traditional management principles. Innovation Management and Idea Management have been around in the industry for some time now. Which one is better? What are the [...]
We’ve published the second edition of our hugely popular Project Portfolio Management Playbook. The new edition is titled Thinking Portfolio Insights Cookbook – an e-book with over ninety how-to articles on how to succeed in managing your project portfolio. […]
All project managers and teams go through challenges in the execution of a project. Here are six common blind spots in project portfolio management that you can avoid: 1. Lack of clarity in defining success measures A common blind spot in the project portfolio management is vaguely-defined measures of success. By communicating the top goals, a project manager brings to light the focus areas for the team/organization/individual. But in the absence of clearly defined expectations, employees [...]
Issue management can be defined as the process of recognizing and resolving various issues arising within a project. The life cycle of a project is never absolutely smooth. There are bound to be questions and unexpected problems that come up every now and then. However, if a good issue management process is in place, then it becomes easier to deal with any problem before it escalates further. Some of the common problems faced in [...]