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Lindsy principle in project and risk management
The idea is simple yet powerful: ๐ญ๐ก๐ ๐ฅ๐จ๐ง๐ ๐๐ซ ๐ฌ๐จ๐ฆ๐๐ญ๐ก๐ข๐ง๐ ๐ก๐๐ฌ ๐๐๐๐ง ๐๐ซ๐จ๐ฎ๐ง๐, ๐ญ๐ก๐ ๐ฆ๐จ๐ซ๐ ๐ฅ๐ข๐ค๐๐ฅ๐ฒ ๐ข๐ญ ๐ข๐ฌ ๐ญ๐จ ๐ฌ๐ญ๐ข๐๐ค ๐๐ซ๐จ๐ฎ๐ง๐ ๐ข๐ง ๐ญ๐ก๐ ๐๐ฎ๐ญ๐ฎ๐ซ๐ (c)ProjectWorkLab.
โ ๐๐ฒ๐ฎ๐ฟ๐ป ๐ณ๐ฟ๐ผ๐บ ๐ต๐ถ๐๐๐ผ๐ฟ๐: The longer something has been around, the more history it has. And history is a goldmine for learning about risks and how to avoid them. By looking back at past projects and initiatives, project managers can spot potential landmines and build better contingency plans to reduce uncertainty.
โ ๐ฃ๐ฟ๐ถ๐ผ๐ฟ๐ถ๐๐ถ๐๐ฒ ๐๐ถ๐บ๐ฝ๐น๐ถ๐ฐ๐ถ๐๐: The “Lindy” principle suggests that simple things are more likely to survive over time than complex ones. So, project managers should keep things simple and streamlined, focusing on the essentials and avoiding unnecessary complexity. This can help reduce the risk of failure and uncertainty associated with overly complicated systems and processes.
โ ๐๐บ๐ฏ๐ฟ๐ฎ๐ฐ๐ฒ ๐ฒ๐๐๐ฎ๐ฏ๐น๐ถ๐๐ต๐ฒ๐ฑ ๐บ๐ฒ๐๐ต๐ผ๐ฑ๐ ๐ฎ๐ป๐ฑ ๐ฝ๐ฟ๐ฎ๐ฐ๐๐ถ๐ฐ๐ฒ๐:Tried-and-true methods and practices are more likely to stick around than untested and unproven approaches. By using established project management methodologies and practices, project managers can reduce the risk of failure and uncertainty and increase the likelihood of success.
Above you see the AI generated text based on the main post! Fantastic!
PMP 180 sample questions by Olivier Lehman
Enjoy the updated to the latest PMP version sample questions. Good luck at you PMPM exam!
PMI evolves PM competency’s triangle
As stated at the official website the evolvement is implemented to depict the current PM reality.
PMI states the following:
“
Ways of Working: Whether itโs predictive, agile, design thinking, or new practices still to be developed, it’s clear that there is more than one way that work gets done today. Thatโs why we encourage professionals to master as many ways of working as they can – so they can apply the right technique at the right time, delivering winning results.
Power Skills: These interpersonal skills include collaborative leadership, communication, an innovative mindset, for-purpose orientation, and empathy. Ensuring teams have these skills allows them to maintain influence with a variety of stakeholders – a critical component for making change.
Business Acumen: Professionals with business acumen understand the macro and micro influences in their organization and industry and have the function-specific or domain-specific knowledge to make good decisions. Professionals at all levels need to be able to cultivate effective decision-making and understand how their projects align with the big picture of broader organizational strategy and global trends.
And because todayโs projects demand a broad set of skills and capabilities, PMI will continue to focus on giving you the tools and insights you need to develop new skills and tackle your next project challenge. This update to the PMI Talent Triangle will help you to navigate our professionโs ever-evolving landscape with confidence.”
PMI CAPM certification to be renewed in early 2023
CAPM – Certified Associate for Project management is a basic level project management certification. PMI announced its upgrade to PMBOK 7th version in early 2023
The NEW CAPM certification exam will better support you as a project professional by testing candidate’s skills on project management fundamentals in the areas of predictive, adaptive and business analysis principles.ย ย
The new exam version:
- “Will encompass 4 Domain areas:ย
- Project Management Fundamentals and Core Conceptsย
- Predictive Plan-Based Methodologiesย
- Agile Frameworks/Methodologiesย
- Business Analysis Frameworksย
- A 10-minute break will also be added to the examย ย
Both the current and the new exam will include 150 questions to be completed in 3 hours and can be taken at a test center or as an online proctored exam.ย “
Black Friday lasts for a week
Our online courses (examine the title page) are available at the lowest possible price (less than $10) per lifelong access at Udemy during “Black Friday” week.
Choose the course, purchase it at Udemy.com, improve your skills!
Future 50 PM leaders
The achievements are really wonderful, the only question is, why “future” leaders. They are.
Does Agile make impact on project success?
The fast growth of Agile popularity is driven by a myth of its high quality. The professional have another opinion, that Agile approaches are valuable but one of many other approaches, and Agile – as any other management model – has its advantages, challenges and limitations – and thus the appropriate and inappropriate areas of implementation.
Thanks to the projectmanagement.com webinar now we have a research based on 8 years of data collection, which clearly shows that project success does not depend on a certain methodology (see image 1), more of all vast implementation of Agile has no impact on total success rate of IT projects.
Smart Learning 