The art of making a decision is a daily occurrence for most people, both at home and at work. We've all experienced projects where the best path forward is unclear, or there is no option without a major negative side effect. What does the science say about decision making that could help us? Decision making is the process of choosing a course of action from among … [Read more...]
In the realm of project management, Artificial Intelligence (AI) is not just knocking on the door; it's already inside, reshaping the landscape with every passing day. As we look into the future, the integration of AI into project management promises a seismic shift in how projects are planned, executed, and ultimately, how project managers perform their roles. Here's a … [Read more...]
Every project has distinct roles that must be fulfilled in order to function properly and provide the products or services it was intended to provide. As a minimum, it needs a project manager and a project team who does the work, although those roles could be fulfilled by the same person. It also needs a connection to the larger corporate body who ensures funding is … [Read more...]
Carpenters have hammers, plumbers have wrenches, and programmers have computers. But does a project manager have any tools which help them perform their work better, quicker, or cheaper? Absolutely! In fact, if you don't use these tools you will be at a serious disadvantage to other project managers. And if you do, your career will see an order of magnitude return … [Read more...]
How do large corporations make the decision to proceed with a project? What data or metrics do they consider prior to investing billions into a new plant, a new high rise condo, or major I.T. project? Capital budgeting refers to the financial modelling that evaluates the feasibility and compares potential project investments. At the end of the day, organizations … [Read more...]
In the grand theater of human endeavor, few fields showcase the pinnacle of project management quite like the space travel industry. From the race to the moon to the current ambitions of colonizing Mars, space projects have not only pushed the boundaries of what's possible but have also provided invaluable lessons in project management. Here’s a cosmic journey through some … [Read more...]
Artificial Intelligence is the latest buzz word. In today’s rapidly evolving technological landscape, AI has the potential to revolutionize project management, offering project managers powerful tools to streamline processes, optimize costs, and ensure stakeholder satisfaction. AI's role extends from predictive analytics for better decision-making to automation in … [Read more...]
The Project Management Institute’s (PMI) Project Management Body of Knowledge (PMBOK) uses the concept of Project Performance Domains to focus on a holistic view of project performance and outcomes. Eight performance domains provide a comprehensive framework for managing a project from start to finish, and are designed to be adaptable to any project type or … [Read more...]
By definition, most of the world is average. In today's fast-paced, ever-evolving business landscape, mediocrity often seems to dominate. From corporate cultures that settle for "good enough" to teams that lack motivation and drive, achieving high performance in project management can be a challenge akin to climbing a mountain without hiking boots. Yet, it is … [Read more...]
If I told you there's an element of project management that causes mistakes to be forgiven (or forgotten), would you believe me? That must be a click bait hook line! You see, not all mistakes are created equal. Some create bigger problems than others. Some create problems that last longer than others. Still others create more personal conflict between stakeholders … [Read more...]
