Your path to business agility
The PMO is under constant pressure. From maintaining standards for project management practices to planning and delivering projects – the PMO needs to be in constant sync with strategy and business outcomes. This PMO blog category provides numerous recommendations from experts to encourage top down and bottom up planning, improve processes, promote stakeholder satisfaction, and ultimately eliminate silos to advance the PMO function. Get expert advice on the pros and cons of adopting a continuous planning model. Experts will also share real-world advice on choosing your next Project Portfolio Management tool and how to #BeThatPMO your business needs.
As a project manager, it’s impossible to underestimate the importance of cost estimation when it comes to successfully completing a project. Before even approaching a project, it’s important to get a handle on cost estimation to help keep you on task and in touch with project constraints and limitations. Why Cost Estimation in Project Management...
Sprints are the cornerstone of the Scrum project management methodology. Sprints are the units of time in which teams determine and prioritize certain tasks from the product backlog, assign ownership to them and define the timeframe for their completion. After the sprint is completed, the next step is the Scrum sprint review, which gives the...
It’s rare for a company to focus on a single objective, serve a single client or undertake only one project at a time. After all, this would hardly be conducive to building clientele, expanding operations and diversifying for continued growth, stability and profit. That said, seeing even a single project through to completion can be...
As a professional service business, profit is the bottom line. With high profit margins, you can grow your business and serve new customer demands as you please. Without profit, you’re in a constant fight to stay afloat. However, you also can’t afford to have tunnel vision. Alongside profit, you must maintain high service quality, innovation,...
If we take a closer look at successful enterprises and the way they operate, it becomes clear that their growth and establishment in the market is never a result of mere chance, rather it is the final outcome of various forces working together successfully. These invisible forces that operate in the background of each enterprise...
The concept of agility, once confined to the world of software development, is making its way into the broader world of project management. As more organizations begin to see the improvements in efficiency and communication that Agile Methodology can deliver, business agile is transforming industries from manufacturing to marketing. If your organization is interested in...
The ability to plan is what defines an effective project manager, and one of the key pillars of that plan should be the timeline. Creating a project timeline is like drawing out the map before the voyage – it sets the goals and limits of the project’s duration so that teams can stay on-course (and...
A defining skill set of any effective project manager is their ability to assess and mitigate risk. Spotting bumps in the road, predicting outcomes and preventing failures are all part of the responsibility of managing a project successfully. Risk assessment can be an art form, and there’s a variety of ways to get the job...
As a system of goal-setting and progress measurement, Objectives and Key Results (OKR) has shown significant results for organizations which have adopted it. Initially created by Intel it has become widespread, especially in technology firms such as Google. One of the most interesting features of the Objectives and Key Results (OKR) method is that it...
A Business Impact Analysis (BIA) is a process which is carried out to assess how an interruption or sudden stoppage of the critical operations of a business, due to an unforeseen accident, emergency or disaster would have an impact on that business. It is necessary, when creating an organization’s business continuance plan, to know what...
