Reporting By Survivorship Bias

#MidYearReport  #SurvivorshipBias #SelectionBias #ReportByException #ReportWhatMatters As the mid-year report review for your project’s approaches, consider the type of project reports you are reviewing. Do they include any Survivorship Bias understanding and reporting? Survivorship bias or survival bias is the logical error of concentrating on entities that passed a selection process while overlooking those that did not. This can lead to incorrect conclusions because of incomplete data. These biases involve a reversed understanding of information, leading to incorrect decisions due to […]

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How To Build Successful EPMO?

Are your real estate development ambitions crumbling under the weight of chronic delays and budget overrun? Every missed deadline and overrun, not just eroding your profit margins, but it is turning your strategic goals into dust. Are you ready to control it and stop the risk of failure? Is this the legacy you want to leave as a business leader – a trail of stalled projects and shattered dreams? Do you feel frustrated by EPMO processes that is helpless of […]

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Bidding Project Portfolio System

Winning new projects nowadays is very tough considering the market conditions and high competition. To compete successfully, businesses must have a clear understanding of their industry, the competition, and their customers. They must also create and implement strategies to differentiate themselves from the competition. This can include having a unique product offering, providing superior customer service, offering competitive pricing, and utilizing effective marketing and advertising tactics. Additionally, businesses must stay on top of industry trends and be agile in responding […]

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The Project Director / Manager Governance

Most certified project managers know about project governance. However, some of them would have different understanding of their liability when a project doomed as failed. For the experienced project managers, when they take over a project, they will ask about the used project’s governance model. Usually, the relevant department will give the governance system to them to apply and comment. Most of the time, they are worried about its practicality and applicability. In PMI Global Congress 2015 – North America, […]

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How Old Are You In The PPMO Maturity?

How old are you in the PPMO maturity?  The integration maturity of Project Portfolio Processes with Business Processes is the core of a successful PPMO to achieve the business goals of selection the right projects and delivering the projects according to its established goals. This article is a an important to read to understand the organisation maturity to manage expectations and to do the right implementation planning.  This article is discussing , the project portfolio management office (PPMO) maturity levels […]

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