PMcrunch

A few weeks ago, I was having a conversation with a colleague, and I told him that “we were getting pretty close to ready” with our upgraded and substantially overahauled web site. He replied that it’s common wisdom and good practice among some of the most successful entrepreneurs to go when you’re 85% of the way there. I know exactly what he meant…and I agree. But, as usual, in practice it depends on a number of details…leading to my project Lessons Learned.

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Most good managers in project and program management know the importance of maintaining relationships with team members and stakeholders. Basic human relations can go a long way in improving overall program and project quality. However, I have learned that there is a community beyond our immediate team members and stakeholders that are worth considering in everything we do.

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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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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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The learning curve was “invented” many years ago. It refers to the competitive advantage derived from having learned a great deal about a product, service, market, or other competitive factors along the way. The learning curve can be a tremendous source of competitive advantage to organizations that have rode it upwards, especially when compared to those who have not yet accomplished that learning.

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Project managers got to be project managers from a variety of career paths. Many of us have become specialists in certain areas, such as earned value, or scheduling, or critical path methods, or other such specialized techniques within the project management skill set. However, many others of us got here because it represented an opportunity to actually broaden skill sets and qualify us for other positions.

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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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By definition all projects must come to a close. This definitive ending to the project represents the end of the project management process, but that end also signifies a new beginning. Successful execution of the closing process within a project helps to ensure that the value of the project is realized.

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Microsoft Project has grown and expanded well past the basic scheduling and planning tool represented by the desktop version of MS Project.  Regardless of the version you use, the basic MS Project desktop version is still a great and widely used tool.  However, online project management, with collaborative features, has also been integrated with MS [...]

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Many people who consider getting into the project management profession are also considering other options, such as earning a degree perhaps in project management. There are also certificate programs where students earn a certificate in project management. The options for programs like this are many. Earning a certificate could include going to school full time, night school, or various online courses. Another option is simply to take some kind of training in the classroom, or online, or maybe in independent study groups, or some combination of those, and simply earn a certification like the PMP Certification.

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