Project Management

Difference Between Your Goals And Wish List

Often people misinterpret goal setting as setting a target to achieve their wishes. There is a lot of difference between your goals and your desires.Goal setting plays an important role in defining the dreams and visions of an individual. It is the responsibility of each individual to align their goals with the goals and objectives of their company or organization. Difference between these two terms: A wish can consist of anything you can imagine it has no logical boundaries, it is a desire which may or may not be possible, it is something you would like to be true. You don’t […]

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How Does In-House / Corporate Trainings Help In Employee Retention?

Years ago but there used to be loyalty (and pensions) that motivated a person to stay with a company. Today these motivators do not exist. There is no or very little link between training and retention of an employee. Today employee retention is driven by income and career path. Many individuals improve these areas by going with another company in lieu of staying with the same company, this is true in most of the cases. In 1980 Dr. William Ouchi, a thought leader developed a motivational theory named as Theory Z. This theory is concerned with increasing employee loyalty to

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Award Acts As A Catalyst In Motivating Team Members

Award acts as a catalyst in motivating team members. What is preferred team award or individual award? Rewards and recognitions are an important part of team motivation. They are formal and effective ways of recognizing and promoting individuals and the team as a whole. Although rewards and recognition help to build a strong and motivating team, they can also demoralize the team, in absence of established method or criteria for handing them out. For example, if you have consistent outstanding performers on the team, you could kill morale by consistently rewarding the same set of people repeatedly. The solution to

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How Do You Handle Having Two Project Managers Working On The Same Project?

Projects can be run by a single or multiple project managers (PMs) depending on the nature of the project. This is generally found in non IT companies, where there are 2 project managers, where one is from the business and the other is the technical project manager. This arrangement or type works on projects that have a clear distinction between business and technical responsibilities.  So to proceed in such cases and to avoid any roles and responsibilities related confusion, there must be clear roles and responsibilities defined among them. Some tips to make this a success Good co-ordination with your counterpart: Communication acts a

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Negative Feedback Can Be The Catalyst For Career Advancement

In most of the companies at the time of performance reviews, performance appraisals are pre- pared and conducted, issues are identified and resolved, and feedback is given to the team and team members. This is a formal process, and your promotions and hikes are based on these feedbacks provided by your managers. Besides this formal process feedback you receive from your other stakeholders can improve future performance on your current and future projects.  This information must be documented and distributed to the appropriate team members so that future project performance can be modified to improve results. Good Leaders sets the

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Is Team Work Always Productive Or Can It Be Unproductive As Well?

The actual intent of completion of certain task like a team is accomplishing it successfully. Generally teams can be very productive. They can address issues and solve problems better and faster. They include diverse opinions that naturally make for more robust solutions. They also lay the groundwork for inclusion and buy-in if not consensus. The effectiveness of team work totally depends on a good team leader and his leadership qualities. The leader must have a vision and share it with the team. He/she has to be able to prevent, recognize and take corrective actions to minimize the bottlenecks without being

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Importance Of Having A Strong And Effective Change Control Board (CCB)

What is a Change? Changes come about on projects for many reasons. It is the responsibility of a project manager to manage these changes as per the company’s policy. Changes are not always bad or results in delay and cost overruns. They can be positive at times like major scope cut done resulting in completion before time and under budget. What is important is that the manager must manage this process carefully, as too many changes or even one significant change can impact cost, schedule, scope, and/or quality. Once a change request has been submitted, some decisions needs to be

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To Value People Over Processes – How beneficial for a PM ?

People or process? : At times very tough to choose one over the other. Every project manager come across some challenges throughout the life cycle of the project. There is a difference between managing them and managing them successfully in the most appropriate way. A good project manager would ensure industry best practices to ensure the success of the project.If you have found yourself in a situation where the process seems to change, accountabilities keep changing, people management became a challenge then perhaps you have a people, process and technology problem.  It is essential to align all 3 in a

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Tips for Project Managers

To be a Project Manager is not an easy task, it is easy to do work, but to get it done by others is a tough task. Below are some of the best tips given to the thought leaders in the area of project management. Value people over process & tools. Don’t delay the work of today till tomorrow and read between lines. Do not assume anything, ask and clear even the smallest doubt that seems to make senseto the project. You can do wonders if you apply your project management skills religiously. Time lost in starting a project is

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The Key Steps In The Project Portfolio Management

The Project Portfolio Management is the management of project portfolios for maximizing the value of the project portfolio to the overall success of the enterprise, based on the investment goals. Planning and maintaining the optimized portfolio of projects, is one of the challenges in managing the project portfolio. Optimization of portfolio means working on a set of projects over a period of time, delivering the maximum value to the business investments. Thus, the Project Portfolio Management is an art of applying the management skills, techniques and the management tools for the projects with the aim to meet the financial objectives.

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