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The August 2021 Issue
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Contributions for August Issue of The Best Practice Magazine

Submit your article about (MBR) Managing Business Resilience - (RSK) Risk and opportunity management, (IRP) Incident Resolution & Prevention, (CONT) Continuity for next month's issue of The Demix Best Practice Magazine.

Send your Articles / Presentations / Tools to This email address is being protected from spambots. You need JavaScript enabled to view it.                          

(PMW) Planning and Managing Work - (EST) Estimating, - (PLAN)  Planning, - (MC) Monitor and Control 


EST Estimating

Intent
Estimate the size, effort, duration and cost of the work and resources needed to develop, acquire, or deliver the solution.

Value
Estimation provides a basis for making commitments, planning and reducing uncertainty, which allows for early corrective actions and increases the likelihood of meeting objectives.

PLAN Planning

Intent
Develop plans to describe what is needed to accomplish the work within the standards and constraints of the organization, including the:
*Budget
*Schedule
*Resource demand, capacity and availability
*Quality
*Functionality requirements
*Risks and opportunities

Plans also describe:
*The work performed
*Applicable organizational set of standard processes, assets and tailoring guidelines
*Dependencies
*Who performs the work
*Relationship with other plans
*Stakeholders and their role

Value
Optimizes cost, functionality and quality to increase the likelihood of meeting objectives.
Additional Required PA Information

MC Monitor and Control

Intent
Provide an understanding of the project progress so appropriate corrective actions can be taken when performance deviates significantly from plans.

Value
Increases the probability of meeting objectives by taking early actions to adjust for significant performance deviations.

© 2021 ISACA. All rights reserved.
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Agile - (PMW) Planning and Managing Work - (EST) Estimating, - (PLAN)  Planning, - (MC) Monitor and Control 


https://www.projectmanager.com/

The world of project management is vast. It covers many industries and requires a range of skills. But the common thread tying this diverse discipline together are the techniques that project managers use to get the job done.

Project management techniques make planning and managing projects easier and more effective. They can be applied to any project, regardless of the field or industry. And used in tandem with project management software, they help save time and reduce costs.

There are many project management techniques to choose from. Here are five of the best that every project manager should know in order to control their projects and steer them to successful ends.

Read more
 

© 2021 ProjectManager.com, Inc.

Management: (PMW) Planning and Managing Work - (EST) Estimating, - (PLAN)  Planning, - (MC) Monitor and Control 

Article: Project Management, Project Planning, Templates and Advice
Source: Project Monitoring and Control - techniques to control budget, status and planning https://www.stakeholdermap.com/project-management/project-monitoring-and-control.html 

https://www.stakeholdermap.com/

Monitoring and control techniques can be split in to three areas: project plan monitoring, project budget monitoring, monitoring through regular status and/or stage reporting and monitoring carried at different levels by the project team. This guide gives an overview of each area and describes key project monitoring techniques. Monitoring and control techniques are defined in the Project Initiation Document (PID). Read an overview of the PID, guidance on completion of the monitoring section of the PID.
 
© 2008 - 2080 T Morphy. stakeholdermap.com. All rights reserved.
 
 

Organizational change: (PMW) Planning and Managing Work - (EST) Estimating, - (PLAN)  Planning, - (MC) Monitor and Control 


https://www.knowledgehut.com/

Change control is a crucial aspect of project management, taking into account the way technology is advancing and the pace at which change is required in organizations. During a project's lifetime, there are several instances where the set course needs to be redefined as per changing needs of the project, or changes in the priorities of the functionalities, or upgradations in the initial frame of the project.

If a project on its onset looks like its functionalities and features cannot be made clear at first, project managers should consider opting for an incremental and iterative approach, like the Agile method. With this, the project will be completed with feedback and in loops of iteration, thereby providing enough time for a better understanding of its requirements.

The change control process in a project management life cycle has three responsibilities to be carried out-

 
© 2011-21 KnowledgeHut. All Rights Reserved

 
 
Process: (PMW) Planning and Managing Work - (EST) Estimating, - (PLAN)  Planning, - (MC) Monitor and Control 
Article: Monitoring and Controlling of Project Work throughout its life cycle

https://www.invensislearning.com/

As evident from the title itself, it’s a process that tracks the actual project performance with the planned project management activities. Manage, and Control process is a control function that takes place at all stages of the project - from Initiation through Closing. The key benefit of this process is that it allows the Stakeholders to understand the current state of the project, the steps taken, and budget, schedule, and scope forecasts.

Through the process of Monitor and Control, the project manager must be in a position to balance the requirements that arise from different knowledge areas. For example, the project manager can undergo situations, where a project is completed on-time, but, it has failed to meet the quality standards mentioned in the project management plan. Likewise, the project might have a significant scope, but unfortunately, it has exceeded the time and cost limit. Hence, the process of monitoring and controlling project work is considered extremely important.


Read more

© 2021 Invensis Learning Pvt Ltd.
 

Technology: (PMW) Planning and Managing Work - (EST) Estimating, - (PLAN)  Planning, - (MC) Monitor and Control 

Article: Ecommerce Statistics 2021 by Sharline Shaw

https://leelinesourcing.com/

In a report assessing the impact of Covid-19, the international network of consulting firms, Deloitte reports that “the pandemic is rapidly changing our behavior toward online channels.” The firm adds that this is a shift “likely to stick post pandemic.” For those running some kind of e-commerce business, in dropshipping, Fulfillment by Amazon (FBA), or warehousing, this is excellent news.

Table of Contents Brief  show 

Is the forecast by firms like Deloitte that shoppers’ habits will change forever accurate? We looked in the direction of the numbers to get our answer.

In this article, we present the latest e-commerce statistics we could find. We find out how many e-commerce sites exist in 2021, the percentage of global sales that happen online, the percentage of goods purchased from China using e-commerce platforms, and other related information.

Read more

Copyright 2020, All Right Reserved, LeelineSourcing
 
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