Tag: project management
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Undercommit and Overdeliver: Building Trust and Boosting Team Morale
Imagine briefing your stakeholders on the status of your project. You share your team’s progress, risks, and a projected completion date based on the best data available. Despite emphasizing the fact that this is a projection, not a guarantee, your stakeholders will likely walk away with the end date as a firm commitment. This happens…
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The Project Management Triangle: Balancing Time, Cost, and Scope
A common phrase captures the essence of the Project Management Triangle: “You can have it fast, cheap, or done well. Pick two.” This principle, widely recognized in project management, emphasizes the relationship between time, cost, and scope (or quality). Adjusting any one of these elements inevitably affects the other two. In most business scenarios, time…
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Project Status Reporting: The Metrics That Matter
Throughout my career, I’ve led numerous projects, and one question has consistently been asked by leadership, stakeholders, and team members: “How are you doing?” Status reporting is essential. Your stakeholders and leadership need to understand the progress of the project and when it will be delivered. Your team members need to see their progress to…
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Proactive Risk Management: Securing Project Success Through Early Action
For a long time, when I communicated the status of a project to my stakeholders, I would say something like, “Here is where we stand, and here’s what that tells us about our delivery date. I have 80% confidence this date will hold, and I’ll keep you updated as things change.” I would spend significant…
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Managing Multiple Product Priorities
As a leader overseeing a project, one of the most critical challenges you’ll face is managing multiple product priorities. Most projects come with a variety of stakeholders, each with their own set of needs and expectations. Product Managers might have a wishlist of features that users would appreciate, often with input from multiple business segments.…
