Project Portfolio-Program Management

software_sin_medida (Photo credit: elprosumidor ) What ever it takes to execute a project whether it is a fixed bid or Time and material based what matters is how you are managing your finances in terms of billing. Lets take a closer look to difference between fixed bid and time and material based project.  A fixed bid project is the one which is having a fixed budget from client and defined set of scope. So, in a fixed bid project the ball is in your court. You define how efficiently you can manage on resources to utilize them fully to balance on your margins. There is other side of the coin also by having a scope creep if you really blow up your work. Obviously a fixed bid project later can managed by the delivery team and driven by project team. While a time and material project is like a billing of resources involved on hourly basis for actual worked performed with agreed on terms and conditions. Also here one can get reimbursement for overheads. Here there is one possibility...

Simplifying ITIL one by one: ITIL V3 best-practice guidelines across the five stages of the service life-cycle are complex in nature and understand to interpret. ITIL libraries are abstract and didn't provide implementation details. The ITIL process framework concentrates on the service lifecycle and the how that service management components are structured and linked in that framework. It personifies road-map for IT companies that are looking to improve on service quality levels and align more closely with business objectives to create value for their clients. Process Improvement Program(PIP): PIP a small concept but have larger impact, Process improvement program designed on multiple aspect of any process with a Plan-Do-Check-Act (P-D-C-A) steps and a strong feedback mechanism will make process pitfalls to more robust. Looking from the microscopic level at any of the existing process in an organization from concept of PDCA cycle and multiple checks will increase the probabi...

Everybody has question in mind what will be  trends in Project Management in new decade and obviously how 2011 factor will laid out its plans to shape things road ahead. The way technology is driving humans from outside-in, so a common answer expected would be the technology platforms and their use in project management will be a key role to play in shaping communication,  collaboration, planning and many more ideas will be generated over a period of time. Existing Collaboration tools like  messengers(voice, non-voice), video conferencing, virtual meetings via remote computers(it may be device other than PC, like tablets, iphone etc.) are contributing a lot on connecting and communicating. Evolution like facebook, twitter, google tools like online spreadsheet and other Google docs shared across globe at same time will drive dissemination of information in broader and effective way to be observed closely, how it will be used productively in managing projects. Althoug...

Transformational leadership and Project management One of the many stints I have been through my experiences, the followers have shown exuberance to me is the change which is happening around them and transforming individual aspirations into realities via transformational leadership management. A leader transforms the needs, values, attitudes and aspirations of followers by a strong vision. A leader with a vision can lead organizations and individuals to successful and sustainable development by bringing in continuous change. Organizations are driven by innovation, they continuously innovate to survive competition, growth, bring new ideas to products and drive change via transformational leadership. As part of project management, driving projects requires leadership style for a project manager to continuously manage resources and change as per time and business environment demands. Project managers create opportunities for team members to connect and drive projects who ...

CSR ( Corporate social responsibility ) in context to Project management : Projects are unique entity units, they have a start and a logical end. Projects executes in a time frame with certain goals and objectives to achieve by the end of project and obviously Business as whole is connected with project where sustainability matters. Project managers seek responsibility and accountability from each team members in projects to make project a success, there comes the role of CSR wherein project managers can engage project members to achieve the stated objectives in a project in a sustainable way with responsibility. Corporates do CSR but at the corporate level, if we drill down CSR initiatives at the implementation level and align operational objectives with CSR which can drive projects in a holistic way by driving individuals inside-out from organization perspective and projects outside-in. CSR is just not one word but a gamut of activities are associated with it where in on...

Agile Project Management (Photo credit: VFS Digital Design ) Service delivery in agile times: As part of project management , quality service delivery is the focus of any managers goal to achieve client satisfaction by optimizing resource allocation. Specifically information technology projects are quite dynamic by nature because of their direct correlation with business itself, since changing business scenarios pose risk of project usage , its goals and objectives, which leads to expanded time horizon, resources and cost. So, we are using Agile methodologies to execute successful projects and deliver services in agile environment. Obviously, here we will talk about Iterative and incremental model. Now comes the question of how we device our processes, tools, techniques to achieve optimized ROI and definitely sustenance and repeatability of the business. In recent times IT project have several infrastructure tools enabled like online collaboration meeting via voice ...