Lean Management in Project Management
Lean Management is a method of optimizing processes to minimize waste and achieve more efficient results. The lean philosophy assumes that the customer only pays for value creation and not for waste or unnecessary processes.
Applied to project management, this means that all processes and activities that do not create value for the customer should be identified and eliminated. Projects are therefore streamlined. Time and resources should be saved in order to maximize customer benefits and also project success. An important principle here is continuous improvement. This means that processes are continuously monitored and improved in order to increase effectiveness and efficiency. This method is also called Lean Project Management.
Read more...Artificial Intelligence in Project Management – Blessing or Curse?
Nov. 30, 2022 permanently changed the world of so-called knowledge workers; OpenAI released access to the Chatbot ChatGPT to the interested public.
How will artificial intelligence change the project management profession? Will it make the profession easier or threaten it? These questions, of course, immediately come to mind for us project managers.
But let's ask ChatGPT itself…
Read more...What Is A MVP - A Minimum Viable Product?
Today we take a cautious look into our wizard's kitchen. I would like to show how we approach new development projects. There are two different approaches for us.
We Simply Build The App
When the scope of a new app is very manageable, it's easy to assess the risk of development. The cost is low because, for example, only one developer is working on it for a short time (less than a month). In this case, we define a feature set, the app is built and out to the public with it. This was the case with Phone Memos, Meeting Cards and also with Herein.
The Feature Set Is Too Large For "Just Building It".
Sometimes, during initial discussions about a new app, you can immediately see that this scope will exceed the person-month limit. Or - as in Merlin Project – the product is of strategic importance. In this case, we are talking about a risk investment and here, of course, we proceed accordingly more cautiously.
Read more...Keep Going or Move On? How to Decide Your Project’s Fate
An old saying goes "Better an end with horror than horror without an end". But when is the final moment to kill a project?
Recently, an article appeared in our local newspaper reporting the closure of a restaurant just a few months after it opened. The reasons given by the operator were that despite the positive feedback from the guests, the restaurant operation will not be profitable in the foreseeable future. This is due to the general price increase and the associated cost explosion.
Surely this is only one case among many. A project is terminated here because the operator sees no future in the current situation. But when is it time to consider a project a failure and end it? Is it enough that the budget has been used up? Should it only be abandoned when the project goal cannot be achieved?
Read more...TED Talks for Project Managers
TED stands for Technology, Entertainment, Design and is a nonpartisan, nonprofit organization dedicated to the dissemination of ideas.
The importance of TED in the United States is comparable to that of the World Economic Forum in Davos in Europe, one of the most prominent forums for information exchange across sectors and interdisciplinary boundaries. However, TED has evolved from the progressive, liberal, tech-savvy environment of the West Coast, and so TED is much more about inspiration, positive thinking, "looking forward", and networking with other "changemakers" than Davos is.
True to the motto
Ideas worth spreading
an exclusive group of professionals from a wide range of fields share their ideas in the form of short (maximum 18 minutes), powerful talks at the annual innovation conference. The best of these are later published on the TED Talks website as free videos.
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