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For Project Management Practitioner, this podcast explains the importance of transitioning from a project to a program management mindset in handling complex, large-scale initiatives. It emphasizes the need for a holistic view, strategic alignment, and effective governance to ensure the successful delivery of overarching organizational objectives.
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The "Prune the Tree" technique is a concept derived from the agile principle of simplicity. It emphasizes the idea of continuously refining and simplifying project requirements and processes to achieve better outcomes. Just as a tree needs pruning to maintain its health and shape, projects benefit from regular review and elimination of unnecessary complexity.
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The Balanced Scorecard can be a valuable tool in portfolio management as it provides a framework for aligning projects and programs with the organization's strategic objectives. By incorporating the Balanced Scorecard perspectives into portfolio management, organizations can ensure that the portfolio's composition reflects a balanced set of initiatives across various dimensions.
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Tunnel vision is a real concern in portfolio management, but with awareness and proactive measures, it can be overcome. By staying informed, embracing diversification, seeking different opinions, and regularly reviewing your portfolio, you can mitigate the risks and make more well-informed investment decisions.
To learn portfolio management and become PMI-PfMP certified, join my upcoming portfolio management professional (PfMP) certification training. Reach out to us at [email protected] or WhatsApp at (+91) 787-556-1193.
To connect with me on LinkedIn, click here.
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In this podcast I have shared my experience with project risk management. Over a period of time after managing hundreds of projects, I have realize by not taking risks actually I am taking more risks in my projects. So listen to this podcast I am sure this will change your perspective about project risks management.
Please do follow my show P3M on whatever platform you listening to it, do share your feedback so I can further improve and add more value for you and larger community.
For any queries on Project Management (PMP) certification do write to us at [email protected] or contact my team on WhatsApp at (+91) 787-556-1193.
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The five program management performance domains - program strategy alignment, program benefits management, program stakeholder engagement, program governance, and program life cycle management - are interconnected and operate concurrently to ensure the success of a program. They rely on each other for information, inputs, and decision-making, demonstrating their interdependency in managing complex programs.
If you want to learn program and and are looking for PgMP training services then do reach out to us for more information at [email protected] or WhatsApp at (+91) 787-556-1193. We are PMI authorized training partner (ATP) and out ATP ID is 4654. You can find our ATP status on PMI website.
We have helped highest no. of global professionals to achieve these global credential. Please visit below link to find these alumni success stories.
https://www.linkedin.com/feed/hashtag/?keywords=addonskillssuccessstories
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The importance of Porter's Five Forces model in strategy management lies in its ability to provide a systematic framework for analyzing industry dynamics and formulating effective strategies. By understanding the forces at play, organizations can:
Identify competitive threats and opportunities: The model helps identify potential threats from new entrants, suppliers, buyers, or substitute products, allowing companies to proactively respond and develop strategies to mitigate risks or capitalize on opportunities.
Assess industry attractiveness: By evaluating the five forces, organizations can assess the overall attractiveness of their industry. Industries with low barriers to entry, high supplier power, and intense rivalry may be less attractive, while those with high entry barriers, low supplier power, and limited rivalry may offer more favorable conditions.
Develop competitive strategies: The insights gained from the Five Forces analysis can inform the development of competitive strategies. Companies can use the model to identify areas where they have a competitive advantage or to identify opportunities for differentiation, cost reduction, or strategic alliances.
Allocate resources effectively: The model helps organizations allocate their resources efficiently by focusing on areas of the business that are most affected by the competitive forces. It enables companies to prioritize investments, optimize their supply chain, and align their activities with the most significant factors influencing their industry.
Overall, Michael Porter's Five Forces model provides a structured approach to understanding industry competition and is a valuable tool for strategy management, enabling companies to make informed decisions and develop effective strategies to achieve a sustainable competitive advantage.
If you wants to learn this framework in depth then come and join me in my upcoming Portfolio Management Professional (PfMP) certification training. You can reach out to Addon Skills team at [email protected] or WhatsApp at (+91) 787-556-1193 for more information about our PfMP certification courses.
I hope you are enjoying these podcast episode, do follow my show and share your feedback with us.
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This is a very common question global professional asks, they are sometime confused between Project role and Program role. So watch this video for answer to this question.If you want to learn project, program and portfolio management or looking for PMP, PgMP or PfMP training services then do reach out to us for more information at [email protected] or WhatsApp at (+91) 787-556-1193. We are PMI authorized training partner (ATP) and out ATP ID is 4654. You can find our ATP status on PMI website.We have helped highest no. of global professionals to achieve these global credential. Please visit below link to find these alumni success stories.https://www.linkedin.com/feed/hashtag/?keywords=addonskillssuccessstories
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Performance issues can occur when there are interdependencies between program components that are not managed effectively. It is important to manage interdependencies between program components for several reasons, for example, If one component in a program is particularly resource-intensive, it can become a bottleneck that slows down the entire program. This can happen if other components are dependent on the output of the resource-intensive component and have to wait for it to complete before they can proceed.
But it more important to understand what are the different types of interdependencies between program components before we try to manage these dependencies issues. Please listen to this podcast for in depth understanding of dependencies types between program components.
Please feel free to contact us for your PgMP certification training requirements. You can reach out to us at [email protected] or WhatsApp us at (+91) 787-556-1193.
If you wish to join our LinkedIn PgMP networking group and learn and share experiences around the subject, then here is the link below,
â https://www.linkedin.com/groups/10355701/
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Subsidiary programs, sometimes referred to as subprograms, are programs sponsored and conducted to pursue a subset of goals important to the primary program. Listen to this podcast to understand the concept with an example.PgMP aspirants, for any specific queries or more information regarding this PgMP certification, write to us at [email protected] or WhatsApp at "+91-787-556-1193".For training schedule and registration, visit the below given website link.https://www.addonskills.com/course/project-management/pgmp-certification-trainingIf you wish to join our LinkedIn PgMP networking group and learn and share experiences around the subject, then here is the link below,https://www.linkedin.com/groups/10355701/
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I have always experienced that within project and program, the quality team is working in silos as the risk management team and they never understand how integrated efforts of quality management and risk management can improve the overall success of their projects and programs. Please listen to this podcast to understand how integrated efforts between these two function can optimize value delivery.
To learn more about this relationship, please be part of my PMI-RMP certification training. For any specific queries or more information regarding this PMI-RMP certification, write to us at [email protected] or WhatsApp at "+91-787-556-1193".
For training schedule and more information on this risks management professional (RMP) course, visit the link below.
https://www.addonskills.com/course/project-management/pmi-rmp
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In the portcast episode, I have explained seven reasons of outsourcing portfolio management work for the benefits your organization. These reason are mentioned below but for details understanding you will have to listen to the podcast till the end.
1. Access to expertise
2. Cost-Savings
3. Diversification
4. Risk Management
5. Time-Savings
6. Emotional detachment
7. Access to Technology
Do subscribe and rate the show if you liked this episode.Friends, If you are interested in Portfolio Management Professional (PfMP) certification from PMI, then do reach out to me for more information at [email protected] or WhatsApp (+91) 982-084-5035. I have helped highest no. of global professional to achieve this PfMP credential with above target scores in their first attempt. Please visit the link below for testimonials of hundreds of these professionals.
https://www.linkedin.com/groups/10357622/
You can find schedule of upcoming training batch using given link below.
https://www.addonskills.com/course/project-management/pfmp-certification-training
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A risk response that involves acknowledging the risk and taking no action unless it occurs. Listen to this podcast for detail understanding of this risk response strategy with a real life example.
Friends, if you are PMI-RMP certification aspirants then be part of my upcoming risk management training where I will explain risk management framework in detail that will help you in delivering the project/program/portfolio deliverables with highest business value.
My name is Kailash Upadhyay and you can reach out to me at [email protected] or WhatsApp at (+91) 98208-45035.
For training schedule and more information on this risks management professional (RMP) course, visit the link below.
https://www.addonskills.com/course/project-management/risk-management-professional-(pmi-rmp)
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In this podcast, I have explained when the project will be managed as a Program component and when it will be managed as a Portfolio component. So listen or watch the podcast for answer with an interesting example. Do like or subscribe to this show for more such topics from P3M domain.
For any queries related to your PgMP or PfMP certification, do reach out to me at [email protected] or WhatsApp at (+91) 982-084-5035.
Visit â addonskillsâ website for my PgMP or PfMP training schedule.
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The differences between strategic changes and tactical changes can be summarized as follows:
Timeframe: Strategic changes are long-term, while tactical changes are short-term.
Focus: Strategic changes focus on achieving an organization's overall objectives and vision, while tactical changes focus on addressing specific issues and problems.
Scope: Strategic changes often involve significant shifts in the organization's structure, culture, or business model, while tactical changes are more focused on implementation.
Planning: Strategic changes require careful planning and may take several years to implement, while tactical changes are often made on the fly to address immediate concerns.
Listen to this podcast for reaching to detailed level of understanding about the subject and If you are PMP, PgMP, PfMP or any other PMI certification aspirants then do reach out to my team at [email protected] or WhatsApp at (+91) 787-556-1193 for our training schedule. We have helped many global professionals to achieve these global credentials, please visit the link below for their testimonials.
â https://www.linkedin.com/feed/hashtag/addonskillssuccessstories/â
You can also visit our website â www.addonskills.comâ for more information regarding corporate training or open workshops.
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In this podcast episode, I'll be discussing the differences between governance activities and management activities.
To put it simply, governance is about making sure that an organization is doing the right things, while management is about making sure that those things are done right. Now listen to this next statement carefully, the governance activities ensure that management activities are defined, planned, and implemented within the organization.
If you are PMP, PgMP, PfMP or any other PMI certification aspirants then do reach out to my team at [email protected] or WhatsApp at (+91) 787-556-1193 for our training schedule. We have helped many global professionals to achieve these global credentials, please visit the link below for their testimonials.
https://www.linkedin.com/feed/hashtag/addonskillssuccessstories/
You can also visit our website www.addonskills.com for more information regarding corporate training or open workshops.
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When the project management professionals solely focuses on the end goal of the project, they become fixated on achieving it at any cost, including sacrificing organizations values, ethical and professional conduct.
The process of achieving success helps us to develop resilience, persistence, and determination. We learn to overcome obstacles, adapt to changing circumstances, and take calculated risks. These qualities are crucial for long-term success because they enable us to navigate the complexities and uncertainties of any project.
If you are PMP, PgMP, PfMP or any other PMI certification aspirants then do reach out to my team at [email protected] or WhatsApp at (+91) 787-556-1193 for our training schedule. We have helped many global professionals to achieve these global credentials, please visit the link below for their testimonials.
â https://www.linkedin.com/feed/hashtag/addonskillssuccessstories/â
You can also visit our website â www.addonskills.comâ for more information regarding corporate training or open workshops.
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Listen to this podcast to understand the key steps that can be take by Portfolio Manager to successfully implements organization strategy and delivers its objectives.
If you are a PMI-PfMP aspirants and are looking for certification application support or wants to join my upcoming virtual certification training to build sound portfolio management concepts to clear the PfMP certification exam in your first attempt then please reach out to me at [email protected] or WhatsApp at (+91) 982-084-5035.
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Many global PMP aspirants are confused on what materials to use for the PMP exam preparation. As per PMI, you must refer the PMI authorized Exam-Prep course materials to pass the PMP certification exam. This materials is directly aligned to latest PMP Examination Content Outline (ECO) which is the PMP exam blueprint. This material is not available on PMI store/website, you can only purchase this from PMI-ATP (Authorized Training Partner) and the Non-ATP training provider don't have access to this material.
Addon Skills is PMI Authorized Training Partner(ATP # 4654). You can contact us for more information at [email protected] or WhatsApp (+91) 787-556-1193. -
In this podcast, I have tried to explain what is OPM and the role of PMO in OPM implementation within an organization to achieve its strategy and objectives. If you are a member of PMO team or even a project, program or portfolio manager then you may find this podcast very useful.
If you have any queries regarding OPM, PMO, PMP, RMP, PgMP, PfMP or any other PMI certification then do reach out to me for information at [email protected] or WhatsApp (+91) 982-084-5035.
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