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6 Current Trends in Project Management [2024]: What to Prepare for?

Epicflow

In a nutshell, AI automates repetitive tasks and makes predictions thereby increasing efficiency, streamlining the workflow, and improving decision-making. Projects are becoming more and more complex, so it becomes difficult and ineffective to address their complex needs with the only PM methodology. References Harrin, E.

Trends 52
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Impact of Data Analytics in Consulting

Tom Spencer

“Data scientists, fast computers, and advanced software are replacing traditional decision-making processes and disrupting tried-and trusted traditional consulting methodologies, with Big Data being one of the main forces of disruption” ( Tras, 2015 ). References. The words “big data” have become a “buzzword” in the business industry.

Data 106
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How to Tame Uncertainty of Research and Development: Tips on Managing R&D Projects

Epicflow

Some companies can be tempted to apply Agile methodology because of its flexibility; but without proper planning, it won’t become a silver bullet ensuring the successful completion of an R&D project. Applying a phase-gate process can help you address this issue.

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How Avaya Turned Around Its Customer Ratings

Harvard Business

For reference, an NPS of +50 is considered very good. Embrace Agile Methods for Responding to Customers. The key to this transformation was an innovation approach common in the software industry: agile invention methodology. Yes, a customer who gives a low rating doesn’t like you. The risk had been managed well.

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A Tool for Balancing Your Company’s Digital Investments

Harvard Business

Support investments are those that improve business efficiency and management effectiveness but, in themselves, do not sustain the business or provide any competitive advantage. They are about achieving cost reduction and efficiency improvements through automation or meeting government requirements. Let us look at several of them.

Tools 28
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Advice on Running a Government Agency Like a Startup, from Someone Who’s Tried It

Harvard Business

So that is not a methodology to build buildings. If we were using a military reference, your intervention team is like a SWAT team and your transformation team is building the standing army. I think that they should be businesslike in the approach they take to prioritizing and bringing in efficiencies.

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Fighting Uncertainty in Organizations, Including Matrix Ones

Epicflow

Such flexibility not only allows for real-time optimization but also leads to more efficient resource management. TOC has fully developed methodologies for determining the right location of buffers in projects as well as in manufacturing. The effective planning and use of these dynamic buffers are key for project success.