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03
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Be a vigilant
collaborator .................................................................................................................................................................
........................ 06
Make ranged
estimates........................................................................................................................................................................
...................... 08
Takeaway &
sources ................................................................................................................................................................................ 1
4
We’re all project managers these Here are five essential habits to develop
days. in order to be an effective project
manager:
Your title might vary, and you might
not make the final decision for your 1
Be transparent
team – but the work you do and the
skills you need are the same ones 2
that make great project managers. Be a vigilant collaborator
3
Skilled PMs strive for results by Make ranged estimates
motivating the best work from their
4 Embrace
team. They collaborate effectively,
ask the right questions, think ahead uncertainty and
and anticipate the twists and turns
5 adapt to change
Using project management software that lets you make two-point ranged estimates is an easy
start. Then, follow these steps – no matter which PM tool you use:
Ask your team to provide a low and You can also make ranged
1 high end estimate for the work, estimates on remaining work, and
keeping in mind all the best/worst continue to forecast progress and
case scenarios possible. delivery dates. This approach
alleviates any anxiety or pressure
Make sure that the low and high
2 estimates are realistic and based on
to be correct in effort estimation.
the team’s collective experience. If
you’re not sure, ask around.
Forecast best and worst case finish
39%
3 dates based on the ranged estimation.
If you have a project management
software that lets you make ranged
43%
estimates, it will roll up all the
individual task estimations into the
final project dates.
4 Rinse and repeat for
each task.
of all
18 of all projects of all projects
%
projects fail
(cancelled,
are challenged
(late, over budget
succeed
(delivered on
not and/or with less time, on budget
completed, or than the required with required
delivered and features and features and
never used). functions). functions).
17
of large IT projects go so badly
th ey can threaten the very
that
e
existenc of the
% company.
Sources
McKinsey and Company: “The Social
Economy: Unlocking Value and
Productivity Through Social
Technologies”; “Delivering Large-scale
IT Projects on Time, on Budget, and on
Value”.