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Objective Key Results

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  OKR ==> Objective + Key Results OKRs combine a goal and metric to determine a measurable outcome. We can divide an OKR into Objective and Key Results.  Let's talk about each of them: Objective(O): It defines what needs to be achieved and describes the desired outcome. Key Results(KR): The measurable outcome that defines when the objective has been met. It defines how you will measure the outcome of your objectives. Example;  .  Increase in customer retention .  Improve the employee onboarding process .  Achieve   a 90% customer satisfaction rating by the end of the first quarter. OKRs Level 1. Company/Organizational level Updated on annual basis and help organization direction to go 2. Project level Needs to align with and support both company and department-level OKR. 3. Department/Team In most companies’ OKR programs, departments are not in silos that can operate without the support of other teams. In fact, you’ll find that many key results can...

Smart Goals

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Goals:  What you've been asked to do and what you are trying to achieve. Project goal:  The desired outcome of the project. The project manager should define all goals and set success criteria for each of them. SMAR GOALS Specific , Measurable , Attainable , Relevant , and Time-Bound (SMART) goals are very helpful for ensuring project success. All the project managers should be familiar with SMART goals and set them into the projects. SMART goals can be a great mindset for organizations and help the project managers and team members to reach goals. SMART goals can help you clearly define project success in concrete terms. Let's talk about each of them: Specific: The objective has no ambiguity for the project team to project misinterpret. Measurable: Metrics help the project team determine when the objective is met. Attainable: The project team agrees the objective is realistic. Relevant: The goal fit's the organization's strategic plan and supports the project charter....

Project Initiation

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Initiation is the first level of the project and every project manager should do it in the life cycle of the project .  initiation is   The first phase within the project life cycle, followed by planning, executing, and closing. What are the responsibilities of the project managers during the initiation phase? In the project initiation phase, we try to identify, determine and predict the future of our project. 1. Identify project goals 2. Identify project resources 3. Determine the criteria for project success with stakeholders Cost-Benefit Analysis:  The process of adding up the expected value of project - the benefits - and comparing them to the dollar costs. Benefits: Expected gains of a project Ask some questions to understand the benefits of the initiation phase: . What values will this project create? . How much money could this project save our organization? . How much money will it bring in from existing customers? . How much time will be saved? . How will the...

Organizational Culture

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What is organizational culture ? The values that employees shares, as well as organization values, mission, and  history.  Organizational culture is the collection of values, expectations, and practices that guide and inform the actions of all team members. Think of it as the collection of traits that make your company what it is. It gives personality to the companies. Navigating culture: .  Ask Question . Make   Observation . Understanding Your Impact The importance of organizational culture: Identify: Describes the way the company conducts business both internally and externally. The mission and value will help you to understand why the company exists and will give you insight how it will behave. People: Talk to thepeople who work there. people who feel valued, engaged and challenged are more likely to do their best.  Allowing employees to feel their voices are heard. Processes:  Directly impacts on process and productivity.  Understanding Organizati...

Organizational Structure

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About Organizational Structure , you will learn about  two of the most common organizational structures, Classic and Matrix . Understanding the differences between Classic and Matrix organizational structures can help you ask questions during a job interview to fully understand the role and responsibilities you are considering. This will also help you understand which skills will be most important for you to have if you get the position.  Once you are hired into a role, knowing a company’s organizational structure can help you identify key points of communication and key stakeholders. It can also help you navigate within the organization when you need support or need to determine who has authority in a certain situation. Let’s examine the characteristics of each of these organizational structures in greater depth so you can identify the type of structure an organization has and how to navigate it as a project manager.  Classic organizational structures The Classic organi...

Lean And Six Sigma Methodology

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       Let's Define some key concepts from Lean and Six Sigma  methodologies. Project managers can use these methodologies to manage their projects easily and be successful in their job. Lean:  A methodology in which the main principle is the removal of waste within an operation. Lean is often referred to as lean manufacturing because it originated in the manufacturing world. The main principle in lean is the removal of waste within an operation. Types of Waste in the manufacturing industry: .  Lack of proper documentation . Lack of process standards .  Not understanding the customer's needs . Lack of effective communications .  Lack of process control .  Inefficient process design .  Failure of management Recommended: Use lean methodology when you want to use limited resources, reduce waste, and streamline processes to gain maximum benefits. You can achieve this by using the 5S quality tool: Cleaning up and organizing your workpl...