How Big Data is becoming the next big thing in project management

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Project management is not an easy task and always comes with a lot of challenges. As the business has grown, project management and user data have grown to a huge extent. Therefore, it is time for the project managers to embrace the power of big data and adopt it for their benefit.

Why Big Data?

Big data is expanding so rapidly that any project manager who wants to stay in the field in the next few years has to start learning about Big Data. Project managers can become big data experts with a little effort. It is not a very bumpy ride. It is often assumed that the rapid development of big data technology is very difficult to adopt. Project managers believe that they have to learn to code or hire a data scientists to identify insights from raw data. However, all these assumptions are just myths.

Using Big Data

Anybody can access data and use it to analyze it. Non-IT people can easily get used to handling data without the need of any data scientists. With the right access to tools, the data analysis task such as data discovery, self-service data preparation, and semantic search become easier. The automated tools save up 80% percent of the time and free up a few resources.

Project Benefits of Big Data

Project managers can use big data to ensure maximum returns for any project. The project managers should hand over data to clients post-project. Focussing on historical data from past projects to access the risk profile. With big data, the project managers will easily be able to see the trends and identify the flags. The key is to get involved as early as possible. Initially adopting big data in project management will look like a big deal. But, as time passes, the efficiency and perforce will improve, and big data will become an essential part of project management.

10 Reasons for quality Management to undergo Six Sigma Green Belt Training

The Six Sigma Green Belt employees help process improvement teams in quality improvement. These employees are qualified to analyze and solve quality problems. They are mostly involved in involved quality improvement projects. Six Sigma Belt include white belt, yellow belt, green belt, black belt and master black belt. If you are deciding to learn Six Sigma Green Belt, you need to know a few things about Green Belt Training.

1. Most Sought

The Green Belt certification is the most sought certification of all the other “Belts.” A Green Belt certified person has Lean Six Sigma expertise and is eligible to manage Six Sigma projects.

2. High Salary

According to Naukrihub.com, a certified Green Belt employee gets an average salary of INR 6,00,000 per annum.

3. Every Industry Needs One

Be it service, manufacturing, finance, sales, back office or any other area or industry; Lean Six Sigma process can benefit everyone.

4. Improve Problem Solving

A green belt certified person is likely to have strong problem-solving skills. The training and certification of Green Belt builds your problem-solving muscles.

5. Use It or Lose It

Green Belt skills are something that needs to be regularly used. If you don’t use it within 40 days, you will probably forget the training and skills.

6. More Productivity

Applying 5S techniques in any work area will likely boost up to 15% productivity. The 5S technique teaches to Sort, Set in Order, Shine, Standardize and Sustain.

7. Job Opportunities

According to research, a person with Green Belt certification is set apart from other applicants. Also, after being hired, the chances of advancements compared to other employees is high.

8. Get Personal

The Green Belt training and certification is not only applicable to the workplace. You can also apply the techniques in your personal life. Many have conducted 5S in their kitchens, closets, and garage.

9. Stay Connected

During the training of Green Belt, it is advised to connect with other trainees even if they are from a different stream of work. Doing so will help in learning new concepts and tools.

10. Improved Savings

Undergoing a Green Belt training can help you reduce food wastage and electric bills. It will also help in reducing unwanted bills and purchases.

To get a Green Belt certification, join the Six Sigma Course offered by Synergy. Synergy is a proud division of the CADD Centre and provides qualitative short-term programs for professionals. Join Synergy today and get certified from the largest network of management training institute in India.

What are the Merits and Demerits of Agile Software Development?

When you start to work on a software development project, you will experience the need for development methodology which has a significant impact to offer speed and quality of the code. Agile refers to something which does the process quickly and starts to work as soon as developer completes coding. With Agile, quality of work is emphasized and will avoid the defect coming from the user. Since the use of Agile methodology is high that you will have to determine what are the merits and demerits and whether it is the best fit for your project deliverables.

Merits of Agile

  1. The Agile Methodology uses less documentation which is a prior advantage and saves a lot of time and money. Hence, the document is very crisp and saves time to an extent.
  2. The need for a change or modification of the date of development phase can implement without worry about the budget constraints.
  3. Determining the issues are possible well in advance and therefore, it is easy to do the changes as and when by starting with the daily discussions.
  4. It lands great satisfaction to the customers and users as you deliver value to them continuously with the help of the software.
  5. The Agile help you to keep good design which is simple and provide technical excellence by making use of best techniques and nothing else.

Demerits of Agile

  1. It lacks emphasis on the design and documentation of the software development. Moreover, paying less emphasis on designing/ documentation does not make much sense sometimes.
  2. Agile does not offer much scope to the newbie programmers unless there is an intervention of experienced staff to look after.
  3. When there is a case of a complex project and some provoking to high deliverables, it will cause difficulty in accessing requirement of efforts at the beginning of software development phase.
  4. It demands active user’s involvement and close collaboration to implement throughout the development life cycle. The principle of Agile application user representative time and ask for real time commitment for the complete project duration.

Hope you now understand the merits and demerits of Agile. Get Agile certification training by Synergy. It is for the leaders and coaches whom all wants to expand their knowledge and build the ability to excel in the subject to provide training.

Value of Project Management Certification for Desirable Outcomes and Proficiency

The valuation of project management is one of the most debatable topics from the view of IT professional. A key factor in the sure shot success of any of the organization in the time of today’s competitive environment for the business is nothing but the skill sets to deliver great results with the intervention competitors, price variation and limited resources in hand. The importance of project management is importance and emerges as a capability which organization must have to stand successfully in a long time. With the gaining of certification in project management, students will be able to:

It becomes easy for them to identify and formulate project tasks. As it is imperative for them to understand the requirement of the project to deliver the right results. A certificate in project management will allow them to attain the proper understanding and to those who are willing to become more accomplished, qualified and efficient managers in their oriented fields. The occupancy of the course is going to offer the following learnings:

  • How to give the provision of high-level By certification, it will become easy to give a professional touch.
  • How to build up a business case and available study to undermine the requirement of the particular
  • It will help to complete project planning which includes risk management, communication planning, proper financial planning and comprehensive resource management.
  • The certification of PM will render the exquisite art of negotiation. It is not only important to lay down an effective project, but negotiation with the client is equally important.
  • There might be a case of conflicts and opposite viewpoint during the project tenure. Hence, the certification will render the ability to manage conflicts like these.

People are now gaining an understanding to stay ahead of the competitors and evaluate the global economy. Thus, organizations are rapidly turning towards the project management certification for delivering optimal business-oriented results. Synergy is one of the powerful arms of the CADD Center which offers certification courses for project management. Those candidates with interest in the field can join Synergy with details and registration.

Project Cost Management

Project Cost Management

Project cost management includes a series of activities of estimation, allocating, and controlling the project cost. It involves the determination and approval of the budget for the project. Project cost management is specific and unique for each project, irrespective of the field.

Process

Similar to other project management task, project cost management also has a process. The process has four steps.

  1. Resource Planning: Resource planning is the process of determining the resources and the quantities needed for each resource. Resource planning must be coordinated closely to perform the project activities effectively.
  2. Cost Estimation: In this step, the project manager coordinates with the finance department to estimate the cost required for all the goods/services needed for the project. Cost estimation is executed during the planning phase.  Project cost management software is used to make calculations and develop spreadsheets.
  3. Cost Budgeting: Cost Budgeting steps involve developing the budget framework based on the cost spreadsheets. The project manager has to work with the finance department to determine the source of funding, allocation of budget and determining budget items. This step requires close cooperation with the sponsor of the project.
  4. Cost Control: The cost control step involves the process of reviewing and tracking the budget and reviewing the budget. The project manager has to take the responsibility of controlling the spending and ensuring the optimization of budget allocation.

Tools and Techniques

  1. Analogous Estimation: It is a top-down approach. The actual cost of any project is estimated based on the actual cost of the previous similar project. This method is used in the absence of detailed information.
  2. Parametric Modeling: The project parameters are used in a mathematical model to predict the cost of the project. The method is used when the parameters are quantifiable.
  3. Bottom-up Estimation: In this approach, the estimation depends on individual work items of the project. The size of the project determines the accuracy of the estimation.
  4. Computerized Tools: Project Management Software and spreadsheet help to a great extent. These products reduce the time of estimation.

Join Synergy School of Business Skills

Now you can project cost management course at Synergy School of Business Skills. Synergy School of Business Skills is a division of CADD Centre. It is the largest network of management training institute in India. It provides short-term programs in project management, people skills, corporate/life skills, and operational excellence.