ENCareer progression is one of the most important drivers of employee retention. 52% of millennials say opportunities for career progression is the most desirable quality in a workplace, competitive wages and financial incentives (44%), good training and development programs (35%) (PWC). There is a lot of ambiguity when it comes to career progression in organizations.
As a project management software company, we spend many hours drawing inspiration from everyday life to make Celoxis better. For this blog we thought of flipping the story; let’s look at ways in which we draw inspiration from project management in real life.
The Project Management discipline has been going through a wave of disruption over the last decade. The globalization of business prompted the collaboration narrative, the rise of cloud tech disrupted traditional PM technology with the onset of SaaS-based project management software. Social project management has made its way into project management systems and simplified the user experience and improved adoption. The digital transformation push in enterprises is going to lead project management to the next level of evolution. While the holistic picture looks rosy, there are some worrying patterns:
What makes a perfect project? Ask any project manager and they will all have conflicting answers. Some may quote cost effectiveness, others may say delivery before the deadline and some may say planning. But do we really have a scale to measure how perfect a project is?
roject management tools obviously have a central role to play in addressing most of these challenges. Today project managers rely on PM tools for planning, task management, resource management, budget management, collaboration and analysis & reporting. It is therefore important to understand what project management software buyers are looking for. Our good friends at Software Advice helped us out with their latest report IT Project Management Tools – Buyer Report 2016. Here are key insights from their report.
According to a report by Inc.com, 49.2 percent of the U.S. employees in the private sector work for small businesses. While the SMB market faces its own unique challenges, it continues to grow in size and significance. Over the last decade or so, project management software providers have recognized the growing potential of the SMB segment and have started catering to their specific needs.
We all love food. Don’t we? It amazing how a set of raw ingredients come together under the deft hands of a good cook and create culinary magic. There is the choice of ingredients, there is a process, and there is fair amount of expertise involved. Project management is pretty much like that. You start with an objective in mind, you plan, you get the tools in place, you follow processes and you keep monitoring progress along the way. To keep in line with the cooking parlance, let’s come up with a recipe for a perfect project.
In the dynamic business environment today, project management is not just about execution any more. Organizations are looking to reduce costs, optimize processes, improve productivity, and strengthen bottom line. When dealing with multiple projects of diverse nature, organizations often tend to lose the plot. This has led companies to turn to Project Management Offices (PMOs) as a way to boost efficiency, reduce costs, and enhance project delivery metrics. The PMO oversees and manages the entire spectrum of projects and provides support in terms of people, processes, tools and timely interventions, to ensure projects are heading in the right direction. This drives high standards project management rigor through process excellence, resource management, customer experience and technology adoption.
Project Management is one of the oldest, most established disciplines in world. The onslaught of productization and automation has brought about a huge change in the way organizations approach and implement project management. As organizations start to look beyond the initial ROI gains from automation towards sustained long term benefits, it is crucial for them to strike a balance between the art and science of project management. In this blog we will discuss how organizations can work towards achieving that fine balance.
Since small businesses work with fewer resources in a more unstructured environment, they rely mainly on speed, agility and efficiency to be effective. A strong project management disciple therefore can make a world of a difference; the difference between growing exponentially and shutting shop. Software Advice recently conducted a research – Project management software buying trends in small businesses 2015. Their objective of the study was to examine the current PM software market, determining trends among small-business buyers. Here are some key insights from the study:
According to a Standish group report, enterprises in United States spend more than $250 billion each year on IT development, approximately 175,000 projects. The research further shows that a staggering 31.1% of projects will get cancelled before they ever get completed and 52.7% of approved projects will cost 189% of their original estimates. According to PMI’s Pulse 2014, organizations are losing an average of US$109 million for every US$1 billion spent on projects. These are staggering numbers, ones that scream failure. In post mortem, project failure gets defined in different ways, attributed to different reasons. In my mind, a project fails when it doesn’t fulfill the objectives that were set at the time of commissioning. It could be a budget overrun, a significant delay in delivery, a quality lapse or way too much iteration. One could argue that as long as it is complete and delivered to the stakeholders or customers, it is successful. No, I don’t buy it. There is no such thing as small or large failure. The point is a project is commissioned to achieve a certain business outcome with certain defined parameters and constraints. If they are not met it is a failure. Period! So why do projects fail? In this blog we will look at 5 major factors that contribute to project failure.
It’s the most wonderful time of the year. Decorated Christmas trees adorn every household decorated with lights and holiday cheer spreading warmth and joy among people all over the world. Kids all over the world spend days in impatience, waiting for Christmas Eve, the day when Santa makes their wishes come true. How does Santa make billions of wishes come true, all in one night?
The platform
Portfolio dashboards, capacity planning and project financials in one place — with the governance trail your finance team asks for.
