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What is the next step after finishing your Project Mgmt/Badge course?
Hi Victoria, good question. So to me it's not just one thing, but a couple. You joining this community is definitely a great step in the right direction. Here's what I would recommend: Join thePMKB and become an active member to build up your knowledge and reputation. So add a profile pic, a bit aboRead more
Hi Victoria, good question. So to me it’s not just one thing, but a couple. You joining this community is definitely a great step in the right direction.
Here’s what I would recommend:
What is the difference between a Budget and a Forecast?
A budget is the amount of money you have to spend on a Project. It's a snapshot of the amount of time you estimate you will spend on the project before you even get started or a set amount Management defines you have to spend on that project. So basically, it's a baseline amount and it remains unchaRead more
A budget is the amount of money you have to spend on a Project. It’s a snapshot of the amount of time you estimate you will spend on the project before you even get started or a set amount Management defines you have to spend on that project. So basically, it’s a baseline amount and it remains unchanged throughout the entire life cycle of the project.
A Forecast on the other hand, is the estimated amount you project you will spend on the project at a given point in time. Generally, Forecasts are updated on a monthly basis and they vary every month. But they don’t have to, they can remain the same if you consider the projection to remain accurate. The Forecast can be above or below your Budget or it can even be the same amount, although it rarely is, as things will start to fluctuate over time.
Typically, the Forecast equals the Budget amount at the beginning of the project, but it tends to vary over time. As a PM, you will always strive to keep your Forecast as close as you can to the Budget.
See lessWhat are the benefits of being a Project Manager?
Lots of job opportunities Availability of high salaries Challenging and interesting role The opportunity to lead
What is the role of the PMO?
Provide guidance to PMs Create templates and establish standard processes for PMs to follow Consolidating reports Consolidating Financials Developing guidelines and frameworks for Managing projects Establish collaborative spaces for PMs to share knowledge
Do you prefer starting a Project from scratch or getting a handover from another PM?
Personally, I prefer starting from scratch. But generally I don't have a choice on that and it's more the result of where we're at with the project (e.g. early stage, already started, etc.) You should know that 90% of the time I get a handover from another PM I have to fix something, which generallyRead more
Personally, I prefer starting from scratch. But generally I don’t have a choice on that and it’s more the result of where we’re at with the project (e.g. early stage, already started, etc.)
You should know that 90% of the time I get a handover from another PM I have to fix something, which generally translates into more time, extra work and sometimes even re-process or re-work. Hence, me preferring to start projects from scratch where possible.
See lessIs there an Alternative to Microsoft Project?
Can you share the link to Niku?
Can you share the link to Niku?
See lessWhat is the best day for a Project Go Live?
Good point Ian, couldn't agree more :)
Good point Ian, couldn’t agree more 🙂
See lessGaining Experience
Hi Neil, good question. But let me start by saying that not all positions require the same Level of experience. Some roles might even require more than 5 years of experience, some less. It really depends and varies on the field, company and the role itself. If the company you're trying to get into hRead more
Hi Neil, good question. But let me start by saying that not all positions require the same Level of experience. Some roles might even require more than 5 years of experience, some less.
It really depends and varies on the field, company and the role itself.
If the company you’re trying to get into has a hard requirement of you having 5 Years of PM experience and you don’t have them, well I would say it’s not worth investing too much time on that company. Just look somewhere else.
I would suggest you doing training, getting some Certifications and start working on your experience by applying for more entry level PM jobs. Sometimes you have to make short term sacrifices to reach long term goals. But that’s up to you and something you will need to figure out.
Alternatively to the above, you could also volunteer (even if you don’t get paid, but get the experience). Or start getting the experience with PM by working on projects. Even if you’re not the PM, get on a team, observe, learn and help with the project as much as you can. That way you’ll start getting the experience about working on projects, which you can use in your Interviews.
Whenever you face the challenge you have described and think there is no option I want you to think about this: nobody is born with 5 years of PM experience! Nobody. Everyone with 5 years of experience at some point in time had none. So don’t let people discourage you.
Keep moving fwd!
Mauricio
See lessIs there an Alternative to Microsoft Project?
Thanks for sharing David, much appreciated. Hadn't heard of Monday until you mentioned it, but seems like an interesting tool. Would have been nice if they had a free option with limitations, but hey, they want to make money, who can blame them? lol For those like me who haven't heard of Monday befoRead more
Thanks for sharing David, much appreciated. Hadn’t heard of Monday until you mentioned it, but seems like an interesting tool.
Would have been nice if they had a free option with limitations, but hey, they want to make money, who can blame them? lol
For those like me who haven’t heard of Monday before, here’s the link: https://monday.com
Reminds me a bit of Slack. Just the look and feel I guess.
See lessHow should I prioritize project tasks?
Think of: -Complexity -Low Hanging Fruits -Must Haves -Could Haves -Should Haves -Resourcing Requirements -Budget Requirements -Time to Complete -Value to the Business -Value to End Users The above should help with your prioritization process.
Think of:
-Complexity
-Low Hanging Fruits
-Must Haves
-Could Haves
-Should Haves
-Resourcing Requirements
-Budget Requirements
-Time to Complete
-Value to the Business
-Value to End Users
The above should help with your prioritization process.
See less