3 limitations of PMBOK and how to overcome them
Project Manager
by J Jameson
2y ago
Project management has been an integral part of business practices for decades. One method many project managed organisations have adopted is based on the Project Management Institute’s Project Management Body of Knowledge (PMBOK). The frameworks, practices, and concepts presented in the PMBOK are proven to be effective and are constantly changing with the times. It offers updated practices that take into account the latest technological trends and approaches, such as Agile, in order to be more applicable to operations being done today. Though PMBOK is a popular approach, it still has drawback ..read more
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Project skills shortage a catalyst for digitisation and collaboration
Project Manager
by Rob Bryant
2y ago
The halt in skilled immigration and workforce mobility has exacerbated the skills shortage in construction. While the tentative reopening of our borders may help alleviate some pressures in the short term, the skills shortage will persist in 2022 and addressing this must remain a top priority for project owners. InEight’s 2021 Global Capital Project Outlook report found that one third of APAC project owners and contractors cite skill shortages as a risk factor. Beyond the disruption from the pandemic, the current crisis presents an opportunity for the sector to work together and reshape the co ..read more
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Can project managers succeed at complexity?
Project Manager
by Kieran Duck
2y ago
In 1949, work started on the Snowy Mountains Scheme to provide hydroelectricity and irrigation waters to southeast Australia. The network of 16 dams, three reservoirs, seven power stations and 145 kilometres of pipes were completed on time and on budget in 1974. It was a resounding success and recognised around the world. However, over the years, a problem became apparent. The system had drastically reduced the flows in the Snowy River and the habitat was dying. A campaign started in the 1990s to restore flows downstream. Elections in the area were fought over the issue. Agreements on targets ..read more
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Why technology is the path to project recovery
Project Manager
by Rob Bryant
2y ago
COVID-19 restrictions creating project delays across the construction industry have caused a massive blow to the Australian economy. The latest shutdown in NSW has caused a substantial loss to the industry, with an estimated cost of $2 billion a week to the NSW economy. Add this to existing budget and timeline overruns and the shutdown to projects has paved a potentially long road ahead for recovery. Necessity breeds innovation. Although the global construction and engineering sector has been historically slow to move on technology investment, there is evidence to support Australia’s enthusias ..read more
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Managing the hybrid workplace
Project Manager
by Nina Fountain
2y ago
Should you go to the office today or not? At home there are distractions to contend with, technology issues and the potential productivity drain of work around the house. If you conquer the distractions and the technology, then maybe you’ll be much more productive at home. But the uncertainty of whether you will see your colleagues is now part of the social fabric of workplace environments. The everyday questions of ‘Where should I work today?’ or ‘Will my team keep me informed?’ are exacerbated by the bigger issue of what will happen next with the pandemic. Today, in the daily experience of l ..read more
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A project manager’s guide to digital transformation
Project Manager
by Mahendra Gupta
2y ago
Emerging technologies like artificial intelligence (AI), internet of things (IoT), blockchain, robotic process automation (RPA), and cybersecurity have propelled digital transformation in the business industry. Firms are investing hefty amounts in planning and executing these projects successfully to maintain their competitive edge. However, we are just at the nascent stage of the development of these projects. The complexity will increase substantially in the future. Thus, before taking up these projects, gathering accurate data, finding the right expertise, and creating the right project mod ..read more
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The increasing need for project managers in the legal sector
Project Manager
by Dee Tamlin
2y ago
Many of you reading this will be experienced project managers, having worked across many industries where the input of a project manager is vital, for example, construction, transport and logistics as well as the financial services sector. But there’s a new market that needs your expertise – the legal market. In recent years the demand for project managers in the legal industry has surged, and we’ve personally seen a lot of work come through. However, as a project manager myself, I know the last place a project manager would consider a role (or even know it exists) is in an in-house legal team ..read more
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BIM and the modern project manager
Project Manager
by Anna Liza Montenegro
2y ago
When it comes to construction projects, managers probably have the most difficult job out of everyone involved. Architects and engineers might be in charge of the building’s appearance and functionality but project managers are responsible for every step of the process, ensuring that it runs smoothly. And not just that — they create schedules, handle the budgeting, facilitate communication between sectors and so on. Building information modelling (BIM) has the potential to transform project management for the better and will most likely do so in the near future. Given that it brings never-befo ..read more
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Managing infrastructure projects of the future
Project Manager
by David Jenkins
2y ago
It was heartening to see the Australian Government announce $17 billion in infrastructure and road projects in the May Federal budget; however, a commitment of this size needs to be matched by an investment in the training of the professionals who will bring these projects to reality, and safely. The government said that $15 billion of these infrastructure projects are “shovel ready”, $1 billion is funding for local road infrastructure and $1 billion for road safety upgrades. With funding of that scale, it is not too late to complement the capital expenditure with funding to support training a ..read more
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Why megaprojects are hard to deliver – and how to solve the procurement dilemma
Project Manager
by Rob Bryant
2y ago
Construction and infrastructure is a major component of the Australian economy but we’re not doing it well. According to a report from The Grattan Institute (The rise of megaprojects: Counting the costs, November 2020), Australia’s transport infrastructure is more expensive than the global average. It also found that one in four big projects end up costing more than expected. The report said that governments pay too much because they don’t drive a hard enough bargain on contracts, and that there’s a culture of governments ‘caving in’ to contractor demands after the agreements are signed, with ..read more
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