14Mar 2025 by mistry_paresh No Comments
Unlocking Project Success : Beyond traditional metrics

Unlocking Project Success : Beyond traditional metrics

Articles
Globally, approximately 50% of projects fail to meet their objectives due to factors such as volatile environments and inadequate innovation in project management practices(1). For every $1 billion invested, $122 million is wasted due to poor performance(3). Studies show that 74% of IT projects face significant challenges, with 28% failing outright, often due to incomplete requirements, poor leadership, or lack of executive support(2,3). Additionally, 50% require material rework, and up to 25% fail to deliver a return on investment (ROI)3. What this means is that it is not enough to just execute a project on time and budget within scope, but rather determine if it delivered intended value or outcome for which it was undertaken. What is project success? While each project has its own context that determines what value…
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08Mar 2025 by mistry_paresh No Comments
Celebrating Women in Project Management

Celebrating Women in Project Management

Articles
Women are driving some of the most complex and high-impact projects across infrastructure, science, and technology—from urban transportation to space exploration. Their ability to plan, collaborate, and adapt makes them exceptional project leaders. Key Strengths of Women in Project Management: Adaptability and Problem-Solving: Women approach problems creatively, analyzing them from different angles to develop innovative solutions within constraints. They adapt quickly to changes, ensuring projects stay on track. Strong Communication Skills: Women are adept at bridging communication gaps, ensuring all stakeholders are informed and aligned. They excel at diffusing tense situations with empathy and understanding. Superior Organizational Skills: They manage multiple tasks efficiently, maintaining project timelines and mitigating risks. Their meticulous planning fosters a structured approach to project execution. High Emotional Intelligence: Women connect well with team members on an…
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19Feb 2025 by mistry_paresh No Comments
Comparing Traditional & Modern PM tools

Comparing Traditional & Modern PM tools

Articles
For many organizations MS Office / Google docs is a popular tool for planning, documenting, tracking and reporting work. These tools are a drag on project managers productivity. Traditional Document based Tools Data integrity issues Manual data entry in Excel can lead to errors, inconsistencies, and a lack of data validation. Limited Collaboration MS Word & Excel are not designed for real-time collaboration, leading to version control issues and confusion when multiple team members work on the same file. Inadequate Tracking and Reporting MS Word, PowerPoint and Excel do not offer  advanced tracking, reporting, or visualization features, making it hard to get a comprehensive view of project progress. Manual & Time-consuming Many project management tasks are repetitive and time-consuming to perform in MS-Excel. While there are formulas, macros and scripts…
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19Oct 2024 by mistry_paresh No Comments
To prompt or what to prompt, is the question

To prompt or what to prompt, is the question

Articles
Project professionals seeking to leverage GenAI tools must understand both the science and art of prompt engineering. Developing these skills is essential for applying them effectively to different project management tasks. This article delves into how GenAI tools can be utilized during the Initiation phase of a project. According to MIT, “Prompts are your input into the AI system to obtain specific results.” A well-constructed prompt can lead to an optimal response. In its simplest form, a prompt must include a context and an ask. For example: “I am new to project management and will be playing the role of Project Manager on a web software development project. Please suggest questions to ask during the project kick-off meeting.” To get a more suitable response, it’s recommended to provide a broader context, including the environment, desired…
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17Sep 2024 by mistry_paresh No Comments
The Ai Beanstalk

The Ai Beanstalk

Articles
Home/Insights Artificial Intelligence (AI) is increasingly resembling the fairy tale of Jack and the Beanstalk, where the beanstalk serves as an extraordinary bridge between the human world and a mystical realm.  The ease with which knowledge seekers and workers are utilizing this transformative technology is remarkable. For example, my tenth-grade daughter is using generative AI (GenAI) to research and write her Subject Enrichment Activity reports, while my wife, a middle school teacher, has been creating lesson plans using the technology. It seems I am catching up with them (and many others) in the race to become AI-literate. This has led me to explore how AI can be applied to my field of work—project management. AI tools promise to significantly enhance the quality, coverage, efficiency, and speed of delivery for project professionals.…
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