SigmaWay Blog

SigmaWay Blog tries to aggregate original and third party content for the site users. It caters to articles on Process Improvement, Lean Six Sigma, Analytics, Market Intelligence, Training ,IT Services and industries which SigmaWay caters to

The Two Roads to Project Management

Now a day’s evolution and invention can be seen in every field. One thing common in these fields is the need of management. Any project is successful only if a proper management plan is adapted. Here, one evolution turned out to be a mirror of legacy. Agile approach is significantly opposite of the traditional waterfall approach. 

Waterfall Approach, also known as Liner Sequential Life Cycle, is highly structured and sequential in nature whereas Agile methodology is a practice that helps continuous iteration of development and testing in the software development process. 

Both of these approaches have their own strengths and flaws. Thus, it becomes important for a business to identify and select most appropriate approach.

 

To know more visit: https://www.itbusinessedge.com/articles/choosing-between-the-two-approaches-to-project-management.html

 

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Challenges for software project management

Software development is a tough job. And what is tougher? Its managing those software projects. Its not enough to know about project management. But what really needed is keeping pace with the oh – so –fast moving IT industry. So here are some challenges that might be faced by the project management team-

1.       Globalization causing extremely high competition

2.       Legacy systems and infrastructure issues

3.       Sufficient software specific expertise

4.       SaaS offerings taking over

5.       Multiple complicated user level requirements

6.       Third-party integration and interface issues

7.       Quality testing and bug fixes requiring numerous software iterations

8.       Revenue recognition reporting requirements for the software industry

 

Read the complete article here: http://www.computerworld.in/feature/8-challenges-affecting-software-project-management

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Startups must consider network monitoring

One thing that startups must take into consideration is network monitoring. Even IT startups have failed to implement it. It's understandable that startups are on a tight budget, but there is free network monitoring solutions available as well. Network monitoring plays a vital role in company's online presence. It can do lots more than just providing security solution. It can help with project management, tracking customer insights, and system maintenance and also plays a vital role in network security that helps in preventing unauthorized access. Read the complete article here: http://it.toolbox.com/blogs/byod-cloud/why-startups-cant-afford-to-take-a-pass-on-network-monitoring-71598

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Emerging Remote Workforce

More and more industries are realizing the benefits that the remote working environment has to offer. Instead of calling of a meeting or walking up to employees desk for ideas, companies communicate via instant messaging, phone, video conferencing. According to surveys, remote workers sleep better, exercise more, have healthier diets and have low stress. Now a day's companies are expanding search beyond office geography. Yet owners fear the resulting lack of communication and collaboration. With the right communication tool, we can 1) encourage video conferencing. It is the most effective way of distant communication yet is harder to get used to in initial practices. 2) Instant messengers to keep updates and ask questions. 3) Central status update on project progress is a prime feature of project management tool which can be used to have general meetings.Read more at:-http://www.cmswire.com/social-business/embrace-the-growing-remote-workforce/

 

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Communicating in today's business world

Nowadays, it is possible for businesses to operate in different countries around the world and there are ample opportunities all around the world for business. One of the most important things in business is communication. When a business operates globally, they have to learn different ways to communicate. Sheza Gary (Sales VP/Director), writes in her article about the tools that many businesses are turning to. They are - Conference calling, Document sharing, Project Management, and Marketing Tools. Read more at - http://it.toolbox.com/blogs/tech-advances-business/how-collaboration-tools-help-to-sync-cultures-70559

 

 

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How to avoid failures while implementing ERP

Experts estimate that 72% of ERP implementations fail to meet major targets. The most common disappointments are projects that exceed timeline targets, implementations that cost more than expected, and outcomes that deliver fewer expected benefits. Strong project management, the right internal and external talent, reasonable expectations, accurate selection processes, proper accountability for a project vision can help companies avoid the most common sources of failure. In short, without a clear road map, an ERP implementation is not possible. Read more at: http://it.toolbox.com/blogs/inside-erp/6-things-every-organization-needs-to-avoid-an-erp-faceplant-70026

 

 

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Recent comment in this post
Nitin Sinha
Great Article..thanks for your valuable posting..It was very informative..i am working in a erp in chennai
Friday, 08 January 2016 07:04
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Project Management: Past, Present and Future

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The field of project management has evolved a lot over time. From the days of Egyptian pyramids to today where projects are remotely managed, a lot has changed.

During this period, three major project management methodologies have emerged. They are:

  1. Waterfall
  2. Agile
  3. Scrum

Of these, agile methodologies are seen as the future of project management. This is because of the following advantages that this methodology provides:

  • Faster ROI
  • Lower risks
  • More transparency
  • Lower defect density
  • Stronger and better visibility
  • Higher customer satisfaction

With the increasing importance of project management, the demand for a successful project manager is expected to rise.

To know more about the future of project management and what is expected of a successful project manager, please read the following article by Jenny Beswick at business2community.com:

http://www.business2community.com/leadership/project-management-evolving-01237110

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Agile to Prince 2 Agile: The Journey Continues….

Agile represents a group of software engineering methodologies which promise to deliver increased productivity, quality and project success rate overall in software development projects. Now, the scope of agile methodologies has increase more than just software development. They are increasingly being used in aviation, construction, pharmaceuticals, defence and the financial sector. This methodology divides the project in parts and focuses on each part rather than one single deadline.

According to Steve Messenger, Chairman of Agile standards body DSDM, “Agile takes a more fundamental approach to problems, enabling you to move forward with versions as you go along. Rather than try to design everything upfront, your experience and knowledge will increase as you go.”

This article by Tim Adler at business-reporter.co.uk explains in detail about agile methodology, compares it with previous technologies- Prince 2 and Waterfall Technologies. It also talks about an upcoming methodology – Prince 2 Agile.

To know more, please visit the following link:

http://business-reporter.co.uk/2015/04/28/project-management-why-it-pays-to-be-agile/

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Partner Relationship Management: An Insight

Partner relationship management or PRM platform is related to CRM. PRM refers to cloud platform for managing your channel partner relationship and strategies. A PRM platform needs integration with sales and marketing systems and can be integrated with enterprise resource planning, CRM and project management. Read more at: http://it.toolbox.com/blogs/insidecrm/future-trends-in-prm-65329

 

 

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Using Six Sigma in Project Management

Business leaders understand the strengthg and usefulness of managing the improvement of business results through process improvement teams. There is no better approach to process improvement than the application of Six Sigma tools and methods. Moreover, the disciplines of project management and Six Sigma are substitutes but they are complementary. The similarities between project management and Six Sigma include:

• Utilization of established project management techniques to efficiently manage a project and project teams.

• Necessity of proactive project sponsors or champions to help ensure project success.

• Life cycle and phases.

• Need for a well-experienced project facilitator to lead the effort.

Six Sigma adds additional dimensions to project management: 

• Powerful set of process improvement tools.

• Statistical and process thinking to understand and improve results.

• Understanding of variation, to eliminate knee-jerk reactions.

• Quantitative analysis for base decisions on facts and data.

Read more at: 

http://www.microsoft.com/project/en/gb/six-sigma.aspx

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Characteristics companies should look for when purchasing the best project management software for contractors

Construction managers are looking for increasing efficiency and reducing costs. In a construction company there is a need for good project management software for contractors to cut costs on some areas and make products affordable. But, there are so many packages that it is difficult to choose. In this article, Jenifer Whitmire (a professional web content writer) writes how to choose good project management software for contractors. Please go through the link for more details: http://www.manufacturing.net/articles/2012/04/wrongly-doing-design-for-six-sigma

 

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Capital one delivers 85% of software through agile

To transform the customer experience from traditional methods to better and newer methods, business authorities are relying on agile technology development. When Capital One started using agile development in 2011, Rudy Wolfs, Senior VP of Card IT at Capital One said, it amounted to only 1% of software that was delivered. Today, 85% of softwares are delivered by the agile development method. Also with agile, Capital One now also releases approximately 400 products a month, which has reduced the delivery times to three to six months while "cutting costs significantly," and finds 95% of products meet expectations on the first release. Presently, Capital One has more than 3,000 developers and business users trained on the agile methodology to get a better product. To know more kindly refer to the below mentioned link: http://www.banktech.com/channels/capital-one-delivers-85-of-software-thro/240166887?_mc=MP_IW_EDT_STUB

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Capital one delivers 85% of software through agile

To transform the customer experience from traditional methods to better and newer methods, business authorities are relying on agile technology development. When Capital One started using agile development in 2011, Rudy Wolfs, Senior VP of Card IT at Capital One said, it amounted to only 1% of software that was delivered. Today, 85% of software’s are delivered by the agile development method. Also with agile, Capital One now also releases approximately 400 products a month, which has reduced the delivery times to three to six months while "cutting costs significantly," and finds 95% of products meet expectations on the first release. Presently, Capital One has more than 3,000 developers and business users trained on the agile methodology to get a better product. To know more kindly refer to the below mentioned link: http://www.banktech.com/channels/capital-one-delivers-85-of-software-thro/240166887?_mc=MP_IW_EDT_STUB

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Five steps to quality management of your project

Maintaining the quality of a project is a cumbersome job because while maintaining the quality we must also take into account cost and time consumed for it. Proper planning at the beginning of a project is an absolute necessity. Well established and distinct communication system is also crucial for quality management of the project.  Please go through the link for more details: http://www.pmhut.com/five-steps-to-quality-management-of-your-project

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5 ways to end projects well

To successfully complete a project, a line must be drawn reaching which a project can be declared as complete. All obligations and requirements from the client must be checked and taken care of. Most importantly every project makes a contribution to the project management team as a lesson; good or bad. The team must take some positive feedbacks from every project and move on to the next one. Please go through the link for more details: http://www.pmhut.com/5-ways-to-end-projects-well

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The need to validate project assumptions

Validating assumptions for a project is an important criteria which should be done carefully and upgraded timely. New assumptions are also very important during various phases of a project. Tracking and defending assumptions during implementation of a project is extremely crucial for a project to see the light of success. To know more, kindly refer to the below mentioned link: http://www.drharoldkerzner.com/the-need-to-validate-project-assumptions/

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Misused cliches

Sometimes certain phrases spoken by senior executives or managers/team leaders can create confusions among employees of the company. Hence, managers/senior executives should be highly cautious about what they are saying because their words can be a reason of dissatisfaction or sending a wrong message to employees. To know more, kindly refer to the below mentioned link: http://www.drharoldkerzner.com/nine-often-misused-cliches/

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Lessons learnt in program management: The Olympics

Managing an event as vast and big as olympics is a complex and huge job. But from a management perspective, the success of an event does not mean that it was a successful project. In olympics, providing real time data to the spectators and broadcasters’ requires a huge software and hardware setup and also preparation and testing of data flow to avoid any glitches during execution of the games. To know more kindly refer to the below mentioned link: http://www.drharoldkerzner.com/lessons-learned-in-program-management-the-olympics/

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Five ways metric management can fail

Metric Management or dashboard implementation is a useful and a systematic way of providing data, only if it is properly implemented. Making unnecessary rush or incomplete information can lead to disastrous results which can lead to lose faith in the Metric Management system completely. It is also important to track whether people accessing the data from dashboard are correctly interpreting them or not. To know more kindly refer to the below mentioned link: http://www.drharoldkerzner.com/five-ways-that-metrics-management-can-fail/

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Project Management: warning signs your project may be in trouble

The chances of getting into trouble are always there in any project. Project management can be very affective when the project managers were not pressurized in any decision making and also project sponsor assist time to time whenever problem appears. To know more about project governance and other various reasons of project slowdown, please go through the link: http://www.business2community.com/strategy/project-management-warning-signs-project-may-trouble-0642386?tru=RKQB4#gT1e3qKb5Wk2eQ6S.99

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