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Showing posts from July, 2022

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...