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  • PM Network

    Using decision models in the real world member content open

    By Gump, Alan Choices in the business world are made with the aid of various tools that allow calculations of expected monetary value (EMV). The article discusses the ways that the probability of a risk is…

  • PM Network

    Partnership poker member content open

    By Somani, Sheilina Practicing project management is much like playing poker: One must balance the risks of failing against the odds of winning. Understanding this dynamic can help project managers more effectively…

  • PM Network

    Neutrality check member content open

    By Mustafa, Abid Often when stakeholder conflict arises, the project management office (PMO) remains neutral. But when cross departmental stakeholders are involved, disagreements are unavoidable, and PMOs must step…

  • PM Network

    Empowering executive decisions member content open

    By Fretty, Peter Those executives who support project management understand that the true value of investing in the discipline is the confidence it lends in knowing that the organization has in place a proven…

  • PM Network

    Strategic growth decisions member content open

    By Ingebretsen, Mark Organizations often grow as a result of adjusting their portfolios to most efficiently use their resources. In order to manage a portfolio of projects and optimize the project pipeline, companies…

  • PM Network

    A project management genie appears member content open

    By Martin, Paula Kay | Tate, Karen Involving team members in decision and risk assessment processes can boost project success.

  • PM Network

    Picking projects for profitability member content open

    By Foti, Ross Successful projects can be defined as those that meet their business goals; identifying which projects are most likely to meet their goals is a challenge. This article discusses points that impact…

  • PM Network

    Risk analysis member content open

    By Troilo, Louis | Lorenz, Carlton | Pascale, Steve Risk analysis is about using an interpretation of past events to inform decisions about the future. This article focuses on computer modeling as the most powerful method for providing detailed…

  • PM Network

    Risk assessment groups member content open

    By Frame, J Davidson A 1994 Standish Group examination of over 8,000 IT projects reported that only 16 percent succeeded within the triple constraint oftime,budget, and specifications while 34 percent of the projects…

  • PM Network

    Complex problem ... simple concepts ... transformed organization member content open

    By Fulton, John C. In 1989, the United States Department of Energy's (DOE) Hanford Site in Richland, Washington, began the process of facility shutdown, decommissioning, and site cleanup. In 1994, a 'projectization'…

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