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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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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Time off is not just a luxury. It’s a responsibility of leadership for project managers and program managers. Especially in summer, where schedules tend to be a little lighter, it is easier to take some time off and connect with others who also are taking time off. Taking time off helps us personally, as well as our families and social relationships, but it is also a big gain for members of our project team, as everyone appreciates an organization that acknowledges and values time outside of work.

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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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It can be very helpful for PMP candidates to have a PMP Mentor, or someone who is PMP certified and can assist on a moment’s notice when the student is stuck. A PMP mentor can provide a high level of comfort and assurance that a candidate is on the right path to passing the PMP certification exam.

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Project Requirements Gathering is a complex and challenging activity. It is also one of the most important activities in project management, as it establishes the baseline against which the product of the project is measured. Here are some thoughts and ideas on effective requirements gathering for any project.

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Leaders know that great insights often come from the people doing the actual work. Faced with “higher level challenges,” leaders and leadership teams tend to lose touch with those doing the work. Whichever end you find yourself in this dilemma, whether you are on project team, lead a project team, or lead a program, take some time to refresh your thinking and “dismiss the hierarchy’, if only temporarily. It will help to keep motivation alive in yourself, your team, and your organization.

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What does you organization “tolerate”? This is an important question to ask because you will know where you have some flexibility, and you will know where you have risks and inflexibility. You may very well also find out where your organization is lacking, and where it needs some reform in its project management practices to become a much more streamlined, and lean operating machine. A useful tool for thinking about this is the triple constraint.

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Project reporting is very important because it enables us to keep our stake holders informed as to the project progress, decisions, achievements, and issues. However, often reporting is done around a certain specific format that you as a project manager, or your stakeholders, may find to fall short of the information needed – or worse, provide a lot of extraneous information that does not add value. It is important to capture the essence of project objectives and map them to the reporting routine.

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I say, a resounding YES to the question “Is a political campaign a project?”. Why? Well, a political campaign has a distinctive beginning and end, and in between there is a lot of planning, a great deal of execution, and a great deal of monitoring and controlling. And of course there is a closing – usually with lots of lessons learned. Let us look a bit at these elements.

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