Project Management Related Presentations
People often fail to realize how many actions in life are negotiation based. This is no different for in our work life. From managing projects to negotiating a raise, we do some form of negotiation daily. Implementing a process around negotiation is key in maximizing success. A process ensures collecting the correct information for preparing and proposing the new idea.
Most organizations have only one methodology that they use for running projects. However, many organizations perform a variety of projects—deploying hardware, developing new products, deploying off-the-shelf software, and upgrading existing tools. Some methodologies are much better for specific styles of projects. Therefore, organizations need a portfolio of processes that matches their portfolio of projects. Phasing, Critical Chain and Agile methodologies all have valuable attributes that can be applied in specific areas.
Whether you are a project or a functional manager, estimates are a daily part of your life. Team members need to make estimates for a variety of reasons, these include:
- The amount of time for a task.
- The cost for resources.
- The cost of software, hardware and other materials.
- The time required to finish a task.
Estimates for the annual cost of project failure are as high as two trillion dollars a year. The rates for projects being at risk are in the 60-70% range, and a quarter of all project's problems are so bad they are simply canceled prior completion. Preferably, all projects will run according to plan. However, moving from a 60% failure rate to 0% is unrealistic. First, organizations must understand what it is that makes their projects fail. Reasons range from methodology to human failure to poorly understood concepts to scope creep. Analyzing projects as systems uncovers all the factors that can contribute to failure.