5 Noteworthy Time Management Secrets for Entrepreneurs

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Time Management has earned an underrated title over time. It’s a term that people use but seldom implement in their lives.

A recent study revealed that most people are productive only for 3 hours or less in an 8-hour workday.

Where do the rest of the 5 hours vanish?

Is it “Burnout”?

An entrepreneur’s life revolves around managing an unlimited list of tasks along with preventing burnouts. They don’t enjoy the luxury of sharing the tough tasks with the whole team. That’s exactly when they function as a ‘One-man’ army.

As a result, this takes a toll on juggling between personal and professional lives, resulting in burnout.

As the American Educator and businessman Stephen R. Covey rightly said

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6 Project Management Practices You Need to Blacklist

Holistic Project Management practices focus on the project objectives, which ultimately drive a project’s success. Projects are most often interconnected with various other ongoing product development processes. Project pitfalls are bound to take place if the foundation isn’t strong enough to sustain a project plan.

Having said this, in 2020, KPMG research reported a staggering 70% of organizations suffering project failures in 2019. Did you know that most of the projects fail due to running a poor project plan? Not only that but also, deviating from the plan.

Fewer projects under the belt with a refined approach help in project effectiveness and timely completion. Kicking-start a project as early as possible while keeping an eye on the early signs of hurdles smoothens the rough edges of a project schedule.

Since its better safe than sorry, today’s Project Managers must watch out for red flags that could prevent projects from functioning as expected.

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Teamwork Isn’t Working – The Best Possibilities

 

If you’ve worked as a team member or leader, then you must understand the value of teamwork.

An effective team and their efficient efforts must require components for successful project delivery.

But sometimes team effort becomes non-effective. As research says, “70% of members of a team are dysfunctional where the rest 30% are bound with high time pressure”.

And the team member who is having high time pressure may fail to complete their work on time in addition, they suffer from high-stress level as well.

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Top 7 Things You Didn’t Know About Resource Management

Resource Management isn’t as simple as it sounds. Swimming in the sea of projects without proper distribution of resources will most probably drown your projects in no time.

Giving justice to your project efforts largely depends on how well your resources are scheduled and allocated for a gamut of tasks.

Ever wondered what Resource Management revolves around?

“Generating productivity by allocating efficient resources for the right project at the right time is the key essence of Resource Management.”

It seems a daunting task to find the “best-fit” resources but there are organizations that have achieved more output by smartly managing resources. 

It includes the process of pre-planning, scheduling, and allocating the organization’s resources to maximize efficiency.

When it comes to managing and assigning your organization’s resources, Resource Management plays a vital role in terms of budgets, capacity, and team members.

 

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Must Have Features in a Project Management Software

Project management has grown as an essential part of every business these days. In fact, 83% of top officials and directors believe project management is an important part of their business as described by PMIanalysis.

On a busy day, managing tasks and a large team can become overwhelming for any project manager.

To manage this workload more efficiently, managers need feature-rich project management software as a solution.

But it is also difficult to choose the right tool that could fulfill all your requirements as there are so many options available in the market.

To help you in choosing the best project management software, here is a list of seven important features that your next project management software must-have.

1. Task Management

Task management is an essential part of any professional workplace. Over the years, technology has replaced the manual writing pads with project and task management tools and collaboration programs, to get through our workday.

A normal or even complex project consists of many tasks and sub-tasks, which could have multiple dependencies.

If the tasks have dependency, it will be important for the project manager to manage them efficiently otherwise, the project will be at risk.

 

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How to Achieve Project Milestones in 5 Ways

If small wins give you a dopamine kick, so will achieving Project Milestones!

Ever observed the signboards on the sides of highways indicating your completed and upcoming milestone? They help us keep our spirits high, assuring that we’re on the right path. This is exactly what Project Milestones do!

When it comes to team projects, the success of a project milestone largely depends on how well is a project workflow managed.

According to Project Management Institute, it’s evident that 37% of projects fail due to a lack of clearly defined objectives and milestones. This being said, by setting manageable yet productive milestones, achieving project targets becomes a piece of cake.

What is a Project Milestone?

Project Milestones are achievements or the completion of a major phase in a project. They serve as checkpoints on your project timeline. Additionally, they help you easily identify the current stage of your project plus how far you are from completion.  


What are Project Milestones important?

Inconsistency is the key factor that causes delays in the entire project delivery process, thus affecting business. Mapping milestones efficiently is quite a tedious job for Project Managers. Effective project planning builds the foundation for the next steps that lead to achieving a project milestone. Therefore, Milestone planning is a crucial part of project planning!

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Top 10 Self Hosted Project Management Software for your Business in 2022

 

Self Hosted Project Management Software (SHPM) has enrolled in the dictionary of acronyms though, it does not yet own any constitutive or a regular definition. 

The term has been used as validating the number of actions that aimed to improve the management effectiveness rather than following a single project or a static scope of an individual project management methodology. 

These includes: 

●        Integration of project management office to departmental level

●        Merging of multiple and versatile projects using advanced project management software

●        Improvement of project management capabilities using the organizational “stages of growth” models 

An Self Hosted project management incorporates all these parts. 

SHPM is a working environment for project managers, including rules and processes designed to uplift the effectiveness of the DO as a whole. 

However, SHPM is more further than just the integration of project management software, it presents charting of error statistics as well. 

Also, it is important as the objectives are to nourish project managers in the organization. 

So, we can say, “EPM is a working context for project managers that uplift the business productivity by following the organizational rules and methods”. 

As mentioned previously, it is not just another skillful application for PM or maturity model. It is something beyond that. 

The Self Hosted Project Management Cycle:

 

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 The Key Characteristics of Self Hosted Project Management 

Business projects are not mere projects, but these are the extension of organizational strategies, objectives, high concerns, and investments.

 And Self Hosted project management model initiates the framework that connects each project that comes under the umbrella of an organization including the long-term vision and goals.

 The key characteristics of SHPM include:

●        Strategical arrangements of the project’s components with both strategy and visual level of each individual project.

●        The priority-based choice of selection and scheduled health checks of project investments.

●        Multi-project syndication and reporting through project management tools. 

These three characteristics model offer a framework through which the organization performs their process and standardize the information regarding technological capabilities to achieve the project goal. 

All these levels are integral parts of the successful synthesis of project data from strategic to project level. 

Let’s elaborate more;

 The Strategic Integration: 

This top-level of any Self Hosted project management model that represents the strategic level of an organization. 

The managing body of frim at this level, usually a strategic executive committee whose responsibility is to define the organization’s objectives and goals. 

The objectives and goals determine which plans or initiatives the organization should pick to achieve its higher-level vision and mission. 

Programmatic Integration: 

On this level, the integration points between the portfolio of projects picked by the strategic executive committee and the individual projects that would represent in the next level. 

So, you can say it served as a bridge to fill the rift between the strategic level of the organization, whereas the project portfolios are settled and project tasks executed at the project management level.

Continue reading the original article source on Orangescrum Self Hosted Article.

5 Red Flags Your Time Tracking Costs Productivity

Are you under the notion of being a workaholic since the lack of time takes a toll on your work? With changing dynamics in the digital age, time tracking has served to be an advantageous affair to both, employers and employees.

What boosts your productivity depends on the set of priorities. Not only this but also the right time tracking software must suit your company’s requirements and goals.

Why is Time tracking important in Organizations?

Given that Project Management is a heavy responsibility, the benefits you gain from time tracking with project management tools have a greater edge. That said, defining the deadlines, delegating tasks, and analyzing the results are three main cornerstones that make Project Management a prime weapon to achieve a higher ROI.

Micro-management is a term that’s long forgotten because it’s nearly impossible to keep a tab on every task assigned without a tool.

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Top 10 Enterprise Project Management Software for your Business in 2021

In today’s business workflow, business success can be identified by the ability of your project management methodology. As the project management guides to a better alliance of projects with the organization’s strategy. 

Using some of the best project management software, organizations can easily observe the growth of ROI, budget, and team performance as well. 

But the organizations that are not looking to invest in certain software, open-source project management could be the best option to go for. 

Once the culture of project management practice becomes more mature between the team, the organization can go for the full phase ahead. 

Let’s explore the top benefits of open-source project management tools. 

The myths of open source project management tool

 

The Enterprise Project Management Software

 To understand what EPM is and why it’s important, it’s better to take a step back and consider the definition of project management.

 It will be better to have a step back and re-consider about the description of project management to make a better understanding of enterprise project management. 

“Project management is the practice of initiating, planning, executing, controlling, and closing the work of a team to achieve specific goals and meet specific success criteria at the specified time” -  Wikipedia 

However, a company involved in multiple projects, each focused on a unique goal with a specific deadline, needs a way to organize and direct those projects. That’s where Enterprise Project Management comes into play. 

The enterprise project management refers to the way of handling projects on a company-wide scale. 

The methodology of EPM brings together several strategies and methods that focused on agility and increasing the effectiveness of the company’s portfolio.

 Here I have listed the enterprise project management software that is available for large-scale business. 

1. Orangescrum Enterprise 

Built on Open-source, OrangeScrum Enterprise Project Management tool enables organizations to manage increasingly complex business requirements. This is the one centralized solution for all vital portfolio stats - project progress, resource management, time tracking, CSAT & profitability. This Enterprise Project Management Software that enables collaboration & agility at "all" levels. Success & Efficiency for every role.

Features Available: 

●        On-Premises Installation

●        100% Data Ownership

●        High security - LDAP and Microsoft Active Directory

●        Unlimited Projects, Milestones & Tasks

●        Project Planning

●        Schedule Management

●        Time & Resource Management

●        Executive Report & Dashboard

●        Budget & Expense Management

●        Bug & Issue Tracking

●        Google & Dropbox Integration

●        Document & Wiki Knowledge Management

●        In-App Chat 

To learn how Orangescrum Enterprise Project Management software can help keep your projects within budget, set up a personalized demo today! 

2. WorkZone

 Workzone pairs the clean, intuitive design of software designed for smaller teams, like other EPM, with the security and raw power and many more options on this list. What’s great about this combination is that it allows you to continue using Workzone as your business grows larger and larger, without the hassle of having to move to a different platform. 

The purpose of enterprise workflow management software is to build a single environment to run the complexity and recurring business and individual projects. 

Enterprises are overwhelmed with too many projects, and a simple tool just doesn’t cut it. 

From customized solutions to multicultural group solutions, the enterprise project management tool is into efficient coordination of multiple workgroups using multiple technologies. 

Find the more list on Orangescrum Enterprise Article.

How to Manage Risk in Project Management Process

Challenges and risks are an inseparable part of every project that a project manager can’t ignore. Risk comes with every new project what we need to resolve before keeping steps forward to project success.

Do you have any solution to resolving these unknown project risks?

If not, then nothing to worry about. Already there are some practical steps you can take to overcome these things.

Let’s elaborate on these steps, so you can track and identify the risks and challenges of your projects.

What is Risk Management?

Risk management is the way of analyzing and responding to any risk that arises over the project life cycle. And it helps the project remain on track and meet its goal.

Risk management should be a part of the execution and planning process to find out:

●        What risk might happen in the project?

●        How to control that risk if it in fact arises?

And the risks may vary to different project types as well.

On large-scale projects, risk management strategies might include extensive detailed planning for each risk to ensure moderative strategies are in place if issues arise.

For smaller projects, risk management might mean a simple, prioritized list of high, medium, and low priority risks.

Types of Risk in Project

There are several types of risks that occur frequently and in any case of a specific project. The common types of risk include:

 

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