Controlling the Project Cost, in practice
To get the project finished under budget, we need to measure cost performance on each review date. Earned Value Management (EVM), is the ANSI 748 standard method to measure the project cost performance objectively. According to EVM standard, as of each status date, three measures are enough to analyze the project cost performance. Professional project managers can practice EVM effectively with PMPeople.
Practicing the PMBOK® Guide 7th Edition with PMPeople
PMPeople can be seen as the “conveyor belt” to move gears of professional project management in the Project Economy: As a project manager, I can follow most of the 12 principles just updating the project data in PMPeople. As a stakeholder, I can check many results on the 8 performance domains just getting the evidence of good/bad performance directly on PMPeople.
PMPeople to Control Agile Projects
Manage the agile part of a project: 1) keep professional project management in PMPeople: stakeholders engagement, risks, status reports, time sheets and expenses, etc. 2) decompose the project into work packages, meaning agile releases; 3) Connect work package #0 (the project itself) to Asana list for epics; 4) Connect each release to Asana list for user stories; 5) Managers do not need Asana: they use PMPeople to track epics and stories.
PMPeople to support NextGenerationEU
Spain has been granted 140,000 million euros from the Recovery Plan for Europe Next Generation EU. Does this imply we need to start managing 100,000 projects this year? Considering our bad track record on effective European funding execution, how to manage properly a budget four times bigger? The approach should integrate project governance, project professionals and project management technology.
AI applied to Project Management
Year 2030. PPM tools include AI features. People can talk to a chatbot to initiate new projects, prioritize them, or approve the project set adding the most aggregated value. AI can help on technical tasks related to planning, controlling, knowledge management, etc. AI helps mentoring project managers throughout their professional careers. AI is effective classifying and clustering thousands of projects belonging to business units, programs, and portfolios. AI saves a lot of time generating reports, assuring quality standards, etc. AI can answer questions like: What are the odds this project will finish on time? What is the value of this deliverable? What projects should be re-baselined? What teams should be restructured? What contracts should be canceled?
What is Artificial Intelligence?
As in every area of the economy, digital transformation has disrupted project management. In order to manage projects professionally, we do not need paper documents anymore. We do not need to work from specific locations, neither. Project data, essential for business management in the Project Economy, is growing exponentially. More and more people collaborate on projects, sharing more and more technical and management data, and organizations are executing more and more projects. With so much project management data available, could algorithms manage projects automatically? What will be our role as project management professionals?
A Project Management Toolbox for the Project Economy
Organizations in the project economy can start using good freemium tools today, no investment required upfront. If free features are enough, they can continue free forever, focusing on value rather than technology. Nowadays, a free project management toolbox can meet the needs of most projects.
Setting the PMO up in 1 week
Organizations in the project economy cannot wait 6 months to have a PMO up and running. Thanks to our tool PMPeople, PMO activation does not have to be a long expensive project anymore. All the technology can be set up in 1 week so that you can focus on the PMO function. In this short period, now is technically possible to have many people collaborating on project management, using different roles.
Citizen Development in The Project Economy
A citizen developer is a user without coding knowledge who creates new business applications for consumption by others using LCNC Development Platforms sanctioned by corporate IT. By 2024, more than 65% of software projects in the project economy will include at least one citizen developer. This doesn’t mean software teams will ignore IT, rather the opposite.
Welcome to PMPeople University!
PMPeople University service is available today! Any accredited organization providing courses in project management can now use PMPeople for half price. Online support for students and trainers is also included. Save money if you pay for other PM tools and provide an up-to-date learning experience practicing collaborative professional project management with PMPeople. If you are interested, please email us to firstname.lastname@example.org with the subject: “UNIVERSITY”.
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