PMcrunch

  How to create a survey using Survey Galaxy Writing surveys is easy; or is it? The truth is that creating surveys is easy but creating effective surveys is more difficult. The following twenty tips will help you write more effective surveys.

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Looking at lessons learned from the current economic crisis, one that stands out pertains to how people are incentivized in business. Banks with risky loan portfolios somewhere along the line had incentivized their people to fill their portofolios with these loans. Somewhere along the line, the incentives did not incorporate some of the risks involved. How does this play out in project and program management?

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I have found the practice of having an “ADMIN DAY” is a great valuable and necessary one. But what is “ADMIN DAY”? How does it work and how does it provide value?

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Human resources is an important function in all organizations and that includes the project organization. In these difficult economic times, the human resources’ function is being tested in organizations worldwide. How does that testing in this environment translate into the project team environment?

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Oftentimes, less experienced project managers and project teams wallow in uncertainty and lack of direction due to the lack of proper project management documentation. I have seen situations where there are lots of desperate sources of documentation but the specific project at hand is not well enough to find.

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Any project portfolio is likely to have a high degree of synergy among various projects. This is especially true of a portfolio of projects that make up a particular program. The challenge is how to best realize these synergies and to derive true value from them.

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Most of us have experienced broken New Year’s resolutions; and for those who even made them this year, I can only imagine how many are already falling behind. In a sense, this phenomenon can actually work against us. Falling behind and failing is not a good experience and does not generate good emotions. In tough times, especially, we need positive emotions to carry us forward.

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In today’s economy, managers of all kinds are under pressure to right-size their businesses or business units. With the contraction of the economy, sales decreases trigger the need for rethinking, resizing, and reshaping throughout any organization. Projects and programs are no different. Let’s take a look.

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Loyalty has always been a big topic in organizations of all types. Back in the middle ages, kings spoke of their loyal subjects and gave severe penalties to those who were not loyal. For many years, in the post-World War II era, people were rewarded for loyal service with lifetime employment. However, in today’s fast-paced world the question in my mind is “What are the limits of loyalty?”

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Two methods of capital budgeting often used on project and in project portfolio management are internal rate of return(IRR) and net present value(NPV). They are close cousins but take a little bit of a different look at the value of a project. They are both time based and bothrelayed to cash flows over time on a project.

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