PMcrunch

The business analysis function is one that needs to be managed with care and the wisdom of experience. Business analysts handle requirements management, systems analysis, business analysis, requirements analysis, or consulting. The various activities around these functions take place throughout the project and require continuous monitoring, starting at a high level near the beginning of the project. This post explores key business analysis activities throughout the project lifecycle.

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Many executives, project portfolio managers, and program managers make good choices about investing in new projects and ideas. Yet it’s also critical to set up a measurement, preferably from the start, for when to potentially stop investing resources in each project. This would be a sort of “stop standard” for any given project.

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Project Portfolio Management, like Investment Portfolio Management, is a balancing act that requires constant monitoring and adjustment over time. Whereas an individual may have the right balance of risk, return, income, growth and others represented in an investment portfolio, a project portfolio is similar in many ways. Risks, returns, resources required, and alignment with overall strategy are just a few of the factors that must be kept in balance over time.

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Talent management is a huge challenge for corporations and organizations of all types and sizes. I many cases, success at talent management within the organization can be the key differentiating factor between success and failure for the organization. Likewise, success at project management, program management, and portfolio management also largely hinges on strong talent management. Part of this challenge lies at the relationship between the organization’s talent management capabilities and those of the projects and programs.

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Professional Project Management is becoming more pervasive. Like “Electrification” occurred during the era of proliferation of electricity, “projectization” is occuring throughout the workforce and organizations. Most of the emphasis I have seen is on professional project management. However, most people will not be professional project managers, but rather will be team members, support personnel, subject matter experts, department managers, C-level executives, and the like. This post explores what is being said about this broader workforce in a projectized world.

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What is program management? How does program management differ from project management? How does program management relate to project portfolio management (PPM)? As program management is becoming more formalized in its own right, especially with the PMP’s PgMP certification, I thought I would see what is out there on the web to help answer these questions.

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Requirements are a great challenge in project management. Clarity as to requirements is absolutely necessary in order for a project to succeed. Most projects succeed or fail at the beginning of the project based upon the quality of the project requirements. One of the challenges for the Project Manager is to assess and understand the uniqueness of the requirements gathering process for his/her individual project, which includes both Requirements Definition and Requirements Management.

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You are new to a project. The project itself is new, or perhaps you have been handed an initial project. The project charter is a great place to start to get yourself oriented to where the project fits into the organization.

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Project Management involves a great deal of discipline in making sure that “all the i’s are dotted and t’s are crossed’. It clearly involves a great deal of attention to detail, and a high degree of thoroughness. So how do we balance that with a practical realism that allows us to prioritize and focus on the most important activities? The pareto principle can help.

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I have encountered misunderstandings numerous times due to different concepts of the meaning of the word ‘plan’. There are various types of plans. In Project Plan Integration, we pull together various aspects of the project plan, which taken separately actually represent separate plans. One of those plans, the Configuration Management Plan, is one that I have encountered misunderstanding over.

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