The Budget at Completion (BAC) is how much the project is supposed to cost when finished. However, during the project it may become clear that the project will not end up costing what it is supposed to cost. The Estimate at Completion (EAC) replaces the BAC for the amount that the project is now believed […]
May 16, 2011 by Adrian Reed (UKAdrianReed)
On medium and large scale projects, requirements management can become a difficult overhead. Teams that rely on spreadsheet and word-processing software to create and manage requirements documents often find it difficult to maintain the traceability and inter-dependencies between requirements. We all know the value of tracing, tracking and maintaining our requirements documents, but until now […]
March 31, 2011 by Michiko Quinones
It’s great to learn new models. I LOVE models. I like to think about how they can be applied, and I get excited about both the predictive ability of models and the capacity for goodness that exists when a model is well executed. But I’ve learned that the reality is that you will never be […]
March 19, 2011 by Adrian Reed (UKAdrianReed)
As experienced change practitioners, I’m sure we’ve all worked on projects that have been difficult. The unfortunate truth is that some projects gain so much momentum, they become “too big to fail”. These projects steamroll their way through organizations, and have a tendency to displace anyone that dares to challenge them. Sometimes when working closely […]
February 11, 2011 by Dave Kohrell
Sprint or marathon? 100 meters, 5k or 26.2? Slow endurance or high intensity interval workout (HIIT)? Anaerobic or aerobic? Rare combination of talent like Michael Johnson (pictured) who excelled at the 200 and 400 meters? If Agile were a workout it would seem to fit in the sprint, 100 meter, high intensity, anaerobic side of […]
January 27, 2011 by meryljourneybeyond
Part of the project manager’s (PM) role is to delegate tasks to resources to get the work done. Mostly these people report to functional managers, not the PM leading the project. So, what do you do when assigned tasks don’t get done because a resource’s first allegiance is not to the project, but to their […]
January 25, 2011 by Dave Kohrell
Prove it Maneuvering the political gauntlet through artful conversation and word-smithing will not resolve conflict. Nothing will stop conflict the like graceful execution and control of a project that leads to on time, on budget completion. This is the area where the project management fundamentals are a focal point. Earned value may not be glamorous, […]
December 28, 2010 by Dave Kohrell
Synonymous term or a different term, that’s a common question we receive in our course delivery for secondary versus residual risks. Those two terms do sound quite a bit a like. Are they? They’re similar concepts but are different! Secondary risk occurs once a risk event triggers and the appropriate management response strategy deployed. The […]
March 22, 2010 by tapuniversity
“Listen up, team! I’m tired of tardiness—we haven’t been able to start these morning meetings on time. Next person late to our morning meeting will be written up and reported to HR!” says the Project Manager. Just then, the meeting room door creaks open and the Project Manager’s favorite team member, with whom he plays […]
March 19, 2010 by tapuniversity
Discrimination is behavior towards a member of a certain group based on their membership of that group rather than their individual qualities. Hiring only people of a certain race, giving certain assignments more often to either men or women, and recruiting just younger individuals are all examples of discrimination. The fourth mandatory Fairness standard in […]
March 16, 2010 by tapuniversity
“Power tends to corrupt, and absolute power corrupts absolutely. Great men are almost always bad men” is a popular quote originating from Lord Acton. This saying reveals the frightening lure of using one’s acquired power to benefit one’s self at the expense of others. The second mandatory Respect standard in the Project Management Institute’s (PMI) […]
March 10, 2010 by tapuniversity
“Ignorantia juris non excusat”—ignorance of the law is no excuse! This well-known legal principle states that we are held liable for laws even though we may not be aware of them. This suggests that it’s a good idea to be aware of the laws and other rules that directly pertain to our work. As a […]
March 8, 2010 by tapuniversity
Listening carefully in order to understand someone is a practical skill for everyday life, but it’s also considered a matter of respect, and is so listed as the second aspirational Respect standard in the Project Management Institute’s (PMI) Code of Ethics and Professional Conduct as “3.2.2 We listen to others’ points of view, seeking to […]
March 2, 2010 by tapuniversity
Uh, oh. You found a mistake in your report that was already sent out to key stakeholders. People can have a range of reactions at this moment of realization. Some will shrug it off and tell themselves that everyone makes mistakes. Others may feel devastated over the error and obsess about it. As hard as […]
February 26, 2010 by tapuniversity
Conflict of interest situations can be commonplace, and have been regarded as one the biggest problems in the field of project management. The Project Management Institute’s (PMI) Code of Ethics and Professional Conduct contains comments on some standards, and the second aspirational Fairness standard includes the comment “the subject of conflicts of interest is one […]
February 18, 2010 by tapuniversity
It’s not all about money. An organization could select projects primarily based on financial selection techniques (which indicate the projects with the highest ROI), but there is more that should be considered by those who are responsible. The Project Management Institute’s (PMI) Code of Ethics and Professional Conduct contains six aspirational Responsibility standards, with the […]
February 15, 2010 by tapuniversity
This last week we’ve discussed much on the Honesty section of the Project Management Institute’s (PMI) Code of Ethics and Professional Conduct but now we switch attention to the Respect section. The Respect standards are divided into aspirational and mandatory standards. The fourth aspirational Respect standard is: “3.2.4 We conduct ourselves in a professional manner, […]
February 5, 2010 by tapuniversity
As project managers study for their PMP exam, they often read their PMBOK® repeatedly and memorize key aspects of it. However, too often people pay little or no attention to PMI’s Code of Ethics and Professional Conduct upon which 9% of their exam questions will be based. This is unfortunate as the Code of Ethics […]
November 26, 2013 by Dave Kohrell
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