PMcrunch

An important consideration for any business is to think about whether or not its business model is effective. Presumably, any business will have at least a somewhat effective business model because if they did not, they will not be able to stay in business for long. How does the concept of business model impact project management?

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Marketing projects are important to companies, simply because they provide the opportunity to increase the top line of the business. That is, they are initiatives focused on driving revenue, as opposed to controlling costs. I have been thinking about three keys for how to lay out the requirements for such such revenue-enhancing marketing projects.

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With the election of Barack Obama as president of the United States and his coming inauguration in January, we are beginning to see what his priorities would be; this is an opportunity to think through what some of the impacts will be in the project management world.

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Organizations of all sizes have been taking a much closer look at their project portfolios in these tough times. One of the bigger questions is “where does innovation fit in in the portfolio?” There are some interesting ideas around this and organizations must reckon with the fact that decisions about innovation could very well set the stage for the future of the company. At the same time, we must reckon with the fact that, in order to reach a future, we must be financially sound through the crisis. I have been thinking a bit about the relationship between innovation and portfolio management in tough times.

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Much is written on earned value techniques, and I am not going to delve in depth into the techniques in this post. I am only going to emphasize that to whatever degree you practice earned value techniques, the most important thing is to be very detailed about work packages and costs. If nothing else, go about this with eyes wide open.Much is written on earned value techniques, and I am not going to delve in depth into the techniques in this post. I am only going to emphasize that to whatever degree you practice earned value techniques, the most important thing is to be very detailed about work packages and costs. If nothing else, go about this with eyes wide open.

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Basic project management teaches us that quality is defined by meeting requirements, but not exceeding them. If we deliver more than what the customer asked for, it is considered to be gold plating – a bad thing. The premise is that there is a balance as per the triple constraint among quality, cost and schedule, and that it is the job of the project manager to manage that balance. In these tough times, however, how can a project manager produce excellence and in essence exceed customer expectations without gold plating?

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Software project outsourcing and managing virtual teams are very hot topics today. They present new opportunities as well as new challenges for project and program managers. Below is a collection of recent articles and posts around the internet on this timely topic.

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PMP exam prep training is available from many sources, but a large number of candidates are seeking online, web-based PMP prep training for its cost and convenience benefits. However, online training can mean a number of different things to people, including web-based classroom training, reviewing visual material online, collaborating with other students, interacting with training, downloading material, and much more.

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A great question that we can ask ourselves as project managers is, “Would we invest in our projects”? This is probably the single best indicator, if we are honest with ourselves, as to the health of our projects, our positions, our teams, our organizations and more. Here is a look at an investment perspective to managing projects.

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Project organizations really are not unlike other organizations. Like a small, medium, or large sized corporation, projects have specific objectives that need to be supported by its own project culture. Projects inlcude collections of people and stakeholders, surrounding a concept or idea and particular action, take on a persona. Discovering, and even more important creating, and maintaining the character of that persona, is an important job of the project manager and supporting organization.

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