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Improving ROI with project management
Tags :
agile, pmbok, agile software, agile development, outsourcing, offshoring, virtual team, project management, project manager, project,
Industry :
Technology Consulting
Functional Area : Project Management |
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About "Improving ROI with project management" topic:
Whether you are engaging a client on a solution proposal or simply kicking off your project exploration phase, clients are today deeply interested in ROI. Here's we will discuss on how to make that pay off for project managers.
2 trends
, 2 insight
, 2 debates
, 5 idea contests
on topic: "Improving ROI with project management"
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1
Offshore Management
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Communicate Properly
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ravindra shrivastava
| Added idea
"Offshore Management"
| 3 years ago
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Invest in the right tools and integration to replace those day-to-day conversations. For example, ensure that your issue tracking system, code respository, and requirements tracking system are integrated so that Code checkins can be referenced...
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Sudeep Tarafdar
| Supported idea
"Offshore challenges"
| 4 years ago
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so how did you overcome these challenges...by just mitigation plan/solution i don't think one could have solved and what are the other challenges that came across, as you have taken only generic ones....
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Tanmay Gaur
| Supported idea
"Offshore Management"
| 4 years ago
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I agree with Vikas on his points. Its important that their should be these proper management guidelines. Project Manager should emphasize on first cut and mock ups. They should be planned to be delivered in minimum time frame possible. They lay...
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Ideate: "How to successful manage your Offshore Software Project Team ?" deleted from your view.
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Which are the successful projects ?? The one which started with good A..good B.. all is well so it ends well or the one which has unique challenges of Resource, technology, change, customer, pepole and management... It is like cricket or any other form of game where we are excited more when chips are down and things go for turn around.... same is the case with projects... few projects don't have takers because such projects have more probabilities of failure... more negatives then positives... so what we need? pepole who know how to make it work? Yes... there is story written about how team converts failure into success...as written by Rakesh Mishra in his book 'eMdeha'.. worth reading not ...
Trends: "New Paradigm in Software Project Management - eMedha" deleted from your view.
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Agile is mature enough
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10
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5
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Agile is still developing
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Venkat Potineni
| Argues in support of
"Agile is mature enough "
| 3 years ago
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It can be implemented in almost all areas unlike more confine to Outsourceing as it's the practice untill work get done.
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Suhas Chitade
| Argues in support of
"Agile is still developing"
| 3 years ago
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Well, Agile can be worked out in outsourced environmet. However as per my understanding it will be difficult to implement when you have trans national teams mainly due to time differences.
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Qazi Irfan Mustafa
| Argues in support of
"Agile is mature enough "
| 4 years ago
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If one gives it a though, agile methodologies have always been there, just that they have been discouraged, besides they did not have a name and identity. There was a good reason to discourage them in past but the reasons faded away and people...
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Debate: "Project Management the Agile way...means quicker ROI" deleted from your view.
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1
Right Planning, Right team,Coordination and Review
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Create Program management office (PMO)
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Dhananjay Raturi
| Added idea
"Depends"
| 3 years ago
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See it's all about juggling constraints in the optimal way.But your constraints are different in different situations Assuming you are managing projects of similar kind 1.Identify opportunities threats -- common activities? project...
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Goharr Mumtaz
| Supported idea
"Proper classification and arrangement of projects "
| 3 years ago
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Thanks Samir for your support, as you have asked how we decide priorities: 1. Duration of Project as some time it happen we are having a long term milestone and another of short term, that can be manage easily. 2. If you are working on a product...
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Radha V
| Supported idea
"Right Planning, Right team,Coordination and Review"
| 4 years ago
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There should be proper planning about the deliverables,one of the pre-requiste thing while working in a project is the co-ordination, better in terms called as Team Unity and being in par with synch and Mutual Understanding and timely reviewing...
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Ideate: "How to manage multiple projects ?" deleted from your view.
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1. Demonstrate project need and feasibility. • A document confirming that there is a need for the project deliverables and describing, in broad terms: the deliverables, means of creating the deliverables, costs of creating and implementing the deliverables, benefits to be obtained by implementing the deliverables (the project Charter). 2. Obtain project authorization. • A 'go/no go' decision is made by the sponsor. • A project manager is assigned. • A 'project charter' is created which: ○ Formally recognizes the project ○ Is issued by a manager external to the project and at a high enough organizational level so that he or she can meet project nee...
Insight: "Steps for Successful Project Management" deleted from your view.
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Yes, qualification and experience are a must
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43
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14
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Mere experience is enough. Qualification not necessary.
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SHRIKANT MANOHAR DANKE
| Argues in support of
"Yes, qualification and experience are a must"
| 2 years ago
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Qualification & experience make you more competent to accept any project.
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Aditya Kumar
| Argues in support of
"Mere experience is enough. Qualification not necessary."
| 2 years ago
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I feel, " Experienced People dont need Qualifications to showcase their expertise" and "People with less Experience need the support of Qualification / Certifications" So, Qualifications and Experience act as substitutes to each other, and if we...
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Vinay Pandey
| Argues in support of
"Mere experience is enough. Qualification not necessary."
| 3 years ago
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As long as it is about driving a car and you have enough experience in driving car it is fine but then when it comes to flying a plane problematic. but then with experience there comes lot of learning and if the person is aware and updated with...
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Debate: "Is Project Management recognized as an urgent and required knowledge base for professional in most Manufacturing, ITES, R&D d" deleted from your view.
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Strategies for Achieving SMART Goals by Merlyn Sanchez 1. Setting goals is easy but achieving them isn't. That's why setting 'SMART' goals - Specific, Measurable, Achievable, Realistic and Timely - is the first step in making your goal a reality. Make your goal as Specific as possible and express it in positive terms. Do you want to stop losing money or do you want to start making money? How much money do you want to make? How do you Measure success? You'll need a way to evaluate your progress and determine if you're moving towards your goal. For example, if you want to improve your finances, then you should have a way of keeping track of income and expenses. Is your goal Achievable? Co...
Insight: " Strategies for Achieving SMART Goals" deleted from your view.
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Project Planning A Step by Step Guide The key to a successful project is in the planning. Creating a project plan is the first thing you should do when undertaking any kind of project. Often project planning is ignored in favour of getting on with the work. However, many people fail to realise the value of a project plan in saving time, money and many problems. This article looks at a simple practical approach to project planning. On completion of this guide you should have a sound project planning approach that you can use for future projects. Step 1 Project Goals A project is successful when the needs of the stakeholders have been met. A stakeholder is anybody directly or indirectly impac...
Trends: "Project Planning : A Step by Step Guide" deleted from your view.
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(rate this)
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Create effective team, establish effective communications and be a leader
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Planning control cycles
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Sourav Bagchi
| Added idea
"Flexibilty, Team Work, Communication, Timeliness and clear understanding of the Ultimate Goal"
| 3 years ago
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Its all about delivering a Tangible End product as required in proper time (avoiding freebies) with a team that communicates properly among itself and external stakeholders
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Ajay Kashyap
| Supported idea
"Planning control cycles"
| 4 years ago
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Well I agree with Mithilesh that Planning control cycles is very important for IT project manager project also. It is best to think of planning control as a cycle, not a straight-through process. Once you have devised a plan you should evaluate...
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Richu
| Supported idea
"Create effective team, establish effective communications and be a leader"
| 4 years ago
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I also support these guys.With a good team and by effectively planning each phases of the Project the project could be completed in a more effetive manner.Various types of testings like System,Unit Testing must also be performed.
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Ideate: "How can an IT Project Manager implement Successful IT Project" deleted from your view.
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(rate this)
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1
Multiple Critical Factors for Project Success
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Plan a project by writing plan
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Siva
| Added idea
"practical project management"
| 3 years ago
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Beginning Following these basic principles will give your project a good start: Keep it simple! Identify the audience. Who benefits? Get buy-in. Deliver the plan. Follow the idea through to use. Requirements Take a piece of paper and draw a...
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Punit Gupta
| Supported idea
"Multiple Critical Factors for Project Success"
| 3 years ago
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First thing to achieve anything - PLAN, planning is not bulding a caste in the air, but the manager has to make full use of the resources available to achieve the set targets/ goals.....first step is long term planning, then splitting it into...
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Arti Arora
| Supported idea
"Multiple Critical Factors for Project Success"
| 4 years ago
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I agree with Anuj... the project is dependent on so many factors.. and it is important that all the factors mentioned should taken care for its success
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Ideate: "Tips for Project Management Success" deleted from your view.
Other knowledge matching "Improving ROI with project management" topic
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Activity:
13 referals
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1 comments,
232 views
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Most IT project evaluations are like the tail wagging the dog. They begin with IT strategy, rather than the goals of the business. In fact, IT strategy should be the third link in a chain that begins with business strategy, which in turn governs the product or service strategy, which then drives IT strategy. Lets understand this with a mid size CRM company Business strategy: Increase the customer base by 20 percent in the next year by providing increased functionality such as business operations analytics and executive dashboards. Product strategy: Develop an alliance with a business intelligence (BI) software company to add analytical capabilities to the CRM software. IT strategy: Create a new software platform that allows for easy integration with the BI software company and others. IT projects: Develop a Web services–based platform that offers universal data exchange and messaging between the CRM software and the BI software. While this hierarchy reveals whether IT projects...
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Activity:
58 referals
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48 comments,
581 views
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In many ways, a manager has to be a leader, so therefore a manager will have many of the traits that a leader does. However, I feel the term 'manager' applies primarily to business, it's in a manager's best interest to lead his co-workers effectively, encouraging them to achieve their goals and targets. In my experience, a leader is more of a social thing; more associated with team work, too. Go to Discussion http://lnkd.in/wUJe5E
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Activity:
316 referals
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30 comments,
461 views
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How the other’s bad behviour helps to our success? Just sharing an experience: I was the process owner of a project worth around Rs 14 million. It was an expansion project, coming up in the same premises. Therefore, execution team was formed from there maintenance and planning people. Since I was involved right from the beginning of the project say planning, layout, setting up the operational specifications and specific production requirements, translation of these specifications into technical terms etc., so; I organized a meeting of concerns persons and drafted their requirement. Initially they took it as a funny part because I was so junior in-front of them. When they judged my sincere efforts, they started taking interest into the subject. Finally we nicely drafted the proposal and a project charter based on their specific requirement along with equipments layout. And proposal hit the bull eye, Management accepted it and I became the process owner for this project. I...
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Activity:
5 referals
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13 comments,
3064 views
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The biggest management challenge in the new millennium of liberalisation and globalization for a business is to serve and maintain good relations with the king-the customer. In the past, producers took their customers for granted because at that time customers were not demanding nor had many alternative sources of supply or suppliers. Since he was a passive customer, the producer dictated terms and had little customer commitment. But today there is a radical transformation. The changing business environment is characterised by economic liberalisation, increasing competition, high consumer choice, enlightened and demanding customer, more emphasis on quality and value of purchase. All these changes have made today's producer shift from traditional marketing to modern marketing. Modern marketing calls for more than developing a product, pricing it, promoting it and making it accessible to target customers. It demands building trust, a binding force and value added relationship with...
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Activity:
10 referals
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23 comments,
9484 views
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Credit risk management is a very important area for for the banking sector and there are wide prospects of growth and other financial institutions also face problems which are financial in nature. Also, banking professionals have to maintain a balance between the risks and the returns.For a large customer base banks need to have a variety of loan products.If bank lowers the interest rates for the loans it offers, it will suffer In terms of equity, a bank must have substantial amount of capital on its reserve, but not too much that it misses the investment revenue, and not too little that it leads itself to financial instability and to the risk of regulatory non-compliance. Credit risk management is risk assessment that comes in an investment. Risk often comes in investing and in the allocation of capital. The risks must be assessed so as to derive a sound investment decision.And decisions should be made by balancing the risks and returns. Giving loans is a risky affair for bank...
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Recent Knowledge in Topic (1)
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Well it is the major problem in any project, This problem is evident in cost estimating... |
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1 referals
6 votes,
652 views
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