October 2026: How the Financial Risk is Optimized in Project Portfolios? The overall financial risk in project portfolios is optimized by selecting the mix of projects that minimizes this risk. During portfolio review meetings, individual projects are assessed based on several aspects, including risk value. Financial risk refers to both securing the budget for the project and achieving the estimated and / or the targeted return on investments from this project. Risks by nature are uncertain, and thus this assessment involves probabilistic calculations and scenario analysis. Simulation techniques and software tools are used for predicting different scenarios during project execution, and generating assessment scores for each individual project being assessed. The various combinations of projects are considered, so that the best mix of projects that maximizes the profitability and viability of the portfolio as a whole is identified.
September 2026: What does GRC stand for? GRC is a well known term in the context of cyber security management, that stands for three words: Governance, Risk, and Compliance. These are three interrelated areas of management that assure security measurements are in place and are achieving the expected results. Governance is a top level, executive function, that's concerned with setting up policies and standards to be followed across all levels of the organization, stating rules that should prevent any security incidents. Risk management is concerned with identifying and responding to risks that could threaten the organization, by planning and taking relevant actions. Compliance is a monitoring function that ensures all governance rules are being followed correctly, and evaluating and improving the performance of these rules. Several tools and standards are available to help as a guidance in implementing these disciplines.
August 2026: What is SAFe Framework? SAFe (Scaled Agile Framework) is an extended model, multi-layer framework for agile business operation and delivery. While Scrum is an agile methodology for management of individual projects, SAFe extends beyond single teams to wider scope organizational unit portfolios and the whole enterprise level. SAFe as a framework is structured around lean-agile mindset, and a set of values and principles, and it is customizable to fit the specific business needs of the adopting entity. The framework is kept updated over time to reflect improvements, and currently is being modified to include AI-Native practices to cope with AI adoption in business operations. SAFe framework benefits are not limited to project and portfolio management, it's intended to be a guide for business agility and transformation. While it's generally popular among IT businesses, it's applicable to wide range of industries.
July 2026: What does GDPR stand for? GDPR is an acronym that stands for General Data Protection Regulation released by the European Union in 2018, with the purpose of regulating use of personal data of its citizens. This regulation is based on seven principles that aim at protecting eight forms of rights laid out by this regulation. Companies that need to deal with data pertaining to citizens of the EU are obligated to abide by the GDPR regulations for activities related to collection, processing, storage, or disposal of this data. Companies need to acquire consent of users of their websites or applications, clarifying how their data will be used or shared with other parties, under penalty of law, to avoid misuse of users data and protect their privacy. It's worth mentioning that all companies around the world and addressed by this regulation, as long as the data is related to EU citizens.
June 2026: What's new in ITIL 5? ITIL 5 is the latest edition of the popular framework for IT Service Management (ITSM) as a source of best management practices and guidelines. Evolving from previous successive editions, ITIL 5 has expanded its scope from focus on service management to include digital product and service management lifecycle from an enterprise point of view, taking in consideration business strategy and value management. Also coping with technological developments, ITIL 5 is said to be AI native, aligning management practices with AI trends and offerings, so that implementation of these practices is AI enabled. Specially noticeable in ITIL 5 is attention to people factor in terms of engagement experience and satisfaction, both from employees side and users side, as well as management of digital qualifications and professional development for staff.
May 2026: What is Dunning-Kruger Effect? Dunning-Kruger Effect is the theory that explains the cognitive bias that can affect people perception of their own knowledge and skill level. When a person level of knowledge and skill about a subject is low, they wouldn't realize their actual level and would assume they are competent, leading to high self-confidence. As a person level of knowledge and skill increases by learning, they correct their perception about their actual ability, and self-confidence degree will be adjusted accordingly. By continual learning, a person becomes aware they are knowledgeable and they gain back high self-confidence, which is preserved by continuous learning and receiving affirmation feedback. This theory was developed by two scholars, Dunning and Kruger, based on research in several countries. The concept is usually depicted as a two axes diagram, with a curve showing the relation between knowledge and self-confidence.
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