Have you ever wondered what separates the good from the great when it comes to project managers? Simply put, the way a project manager handles problems when they inevitably rear their ugly heads is what separates the so-so from the great project managers. Have a look at these six weak-signals in your project's environment.
Enthusiastic customers, networking, and sharing new ideas and solutions with each other were the first things to come to mind when my thesis advisor asked me to think about the features that make Thinking Portfolio different from other companies. Based on these insights, “The role of C2C relationships in B2B brand community – Case: Thinking Portfolio” became the topic of my thesis.
Lean and agile business processes hold the key to excellence. Many businesses struggle to streamline their processes. They have a number of unnecessary protocols and processes that retard the business’s growth. If you are struggling to put your house in order, look to the KonMari concept for answers.
With technology becoming a major component of Project Management, the protection of project information is of the utmost importance. In this blog, we look at the most significant information security risks that affect PM (Project Management) and how to combat them.
Traffic is a real-time dynamic system that is constantly changing. Every tiny change in traffic has repercussions down the line. The field of RTM or road traffic management has come about to manage such systems and prevent traffic jams and random congestion. These systems use data analytics to predict and manage traffic.
In an age where creativity and innovation form the core of every business, social data and crowdfunding are two aspects of utmost importance. But, what is social data? What is crowdfunding?
The project steering committee is main governing body within an enterprise that looks after the proposal and execution of projects. They ensure that the proper deliverables are met and the project is in line with key company goals. This includes approval of budget, defining standards and goals, devising project strategy, risk assessment, quality checks and adherence to time-line. The project steering committee is the body to which a project managers report to. The project manager attends meetings and informs the committee regarding the status of the project along with addressing doubts and concerns.
With the rapid progress in AI, robotics and automation technologies, most jibs are being replaced by automated systems and robots. Be it a white collar job or a blue collar one, both are affected by the rise in automated technologies and machine learning. Growth in machine learning capabilities has allowed machines to become more independent by allowing them to react to real-time changes without being pre-programmed for such tasks. Also it doesn’t take long for them to analyze extremely large data sets and generate accurate reports. This has resulted in the disruption of current industrial practices.
Project managers have to keep themselves ready at all times when it comes to managing a project. Right from the start when the plans are still being drawn up to the end of a project, changes are inevitable and occur over the course of the project lifecycle. The key is to work out how best to accommodate and adapt to these changes.
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.
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.
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.
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.
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.
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.