ULTIMENTORS SERVICES

Strategy and PM Consulting

Build your strategic objectives with project portfolios that conform to quality standards utilized by the top 1% of project managers.

PMP Training Courses

UltiMentors conducts PMI certified training, from beginning to advanced courses, online or on-site.

Project Management Audits

UltiMentors documents the way your organization manages projects and compare processes to best practices.

ULTIMENTORS BLOG

What if Our Executives are the REASON we’re failing?

Let’s look at some EXTREMELY DISTURBING Statistics from a 2014 Gallup Poll Study! 70% of all managers make their teams worse! The wrong executives are hired 82% of the time! The good news is: The 18% who are the good hires, account for 49% of profits! 20% of bad executives can improve with training! Success

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Take a look at the new UltiMentors Executive & Management Insights Newsletter

Check out our new newsletter! UltiMentors_Insights_1Q-2016 To help business leaders keep informed on issues we have developed a printable PDF newsletter called “UltiMentors Executive & Management Insights”. The quarterly newsletter will supplement the UltiMentors Blog. Look for us also on LinkedIn and Facebook.

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The Hidden Career: Project Management

Many people have career project management, only they just don’t know it. Perhaps it’s not in their job title or not the main focus of their work. Project management is like water, we are all swimming in it, so we don’t see or recognize it. It is ubiquitous in all job sectors, and transcends lowest

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The True Risk™ Formula

Ultimate PM’s patented True Risk™ management accounts for risk in not one but two ways. Other products only account for the EMV – Expected Monetary Value of risk; but Ultimate PM® adds the ETV – Expected Time Value of risk. This is determined by multiplying the impact of all potential risks on project delay multiplied

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The True Cost™ Formula

The patented True Cost™ formula captures expenses that others do not. Other products only capture the work breakdown structure cost of a project but Ultimate PM® adds the expenses of everyday business often overlooked and hidden. This includes meeting time, training and recruitment, incentives, and much more. Estimating a project reliably and knowing the True

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The Top 1% of PMPs use Pinnacle Principles™

Pinnacle Principles™ are the best practices used by only the top 1% of project management professionals. Pinnacle Principles™ formulas and procedures go above and beyond those recommended by the PMBOK® Guide and Standards. This includes costs overlooked by 99% of PMPs; such as: initiating and planning, meeting time, project manager cost, capacity planning, and the expected time value of

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The Ultimate Value Proposition for the Ultimate Success!

Ultimate PM® provides unique value.  The reason?  There is no other product on the market that allows  PM’s CEOs and Lenders to securely share true project status and up to the minute performance metrics. This is a transformative and revolutionary way to do business!   For Project Managers: Be in the Top 1% With Ultimate

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Strategic Vision versus Tactical Solutions

Overview: The human brain needs both creative and logical hemispheres to function. The same is true in business. As one can see by the chart below, both Strategic Vision and Tactical Solutions must combine for an organization to accomplish its Strategic Vision. The problem? Strategic visionaries rarely have the ability to accomplish their vision. Tactical

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Test Your PMP IQ – Sample PMP Questions

Are you ready to pass the PMP Exam?  Find out below. 1. How should a project schedule best be determined? a. Use the required by date provided by the Project Sponsor. b. Take estimates of how long the project should take from team members and utilize the three-point estimating tool. Then, apply that number with

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Agile – Methodology? Or Ploy to Keep Developers Employed?

PURPOSE: The purpose of this document is to examine Agile to determine if it meets the needs of developers at the expense of meeting the needs of the organization. BUSINESS PERSPECTIVE: Project Selection From a purely business perspective, projects should be selected based upon an ROI (Return on Investment). Those with the highest differential between

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Five Common Misconceptions Regarding PMBOK!

There are a number of misconceptions regarding PMBOK that need to be understood.  These “misunderstandings” can lead to significant difficulties.  Issue 1:               CPI (Cost Performance Index) greater than 1.0 signifies a well managed project CPI greater than 1.0 simply means the estimates were greater than actual results.     This may be the result of padding the

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If Project Management Is Failing You – FIX IT!

IMPACT OF FAILURE: According to Roger Sessions, http://www.infoq.com/news/2013/05/it-projects-failure-costs, the cost of failed IT projects in the US exceeds $1.2 trillion annually.  Global IT project failure exceeds $6 trillion.  If one looks at non IT project failure impact, the numbers are simply staggering! How much of that failure loss does your organization own? DEFINITION OF A

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How do you account for meetings in the budget?

Meetings are critical to the success of a project.  Yet, most project managers account for neither the time nor cost to conduct them. SO – if the definition of a failed project is “failure to deliver the agreed upon scope for the approved budget and schedule”, then meetings will unnecessarily cause failure. A foreign, but

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A Project Compression Technique that ALWAYS Cuts Time AND Cost!

Does this sound too good to be true?  It’s not.  It works Every Time. Issue: Sometimes a project that must be completed on a specific date begins to lag.   Assuming the project manager was as capable as PMBOK declares they need to be, that project manager will have three usual tools, 1) cutting scope –

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Capacity Planning – If you don’t understand it – Your Projects Will Fail!

Issue: Capacity Planning is generally understood and utilized only by very high level project managers.  It makes project budgets and schedules MUCH more realistic by adjusting estimates by the percentage of non worked and non productive time. Most of the project managers who actually build a budget and a schedule through the use of defining

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Agile versus PMBOK – Which is Best For You?

PURPOSE:    There is a popular trend for organizations to become agile.  I believe some of them do not even understand what that means.  This document assesses the strengths and weaknesses of both to see which is best for yours.  The best result may be a hybrid. This examination is not meant to be definitive, but

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PMI Needs to Consider the Time Value of Risk

Issue: PMI understand that unidentified risks may cause project failure unless the cost of it is determined and dealt with in a Risk Reserve. So – why do they not consider that risks have a potential to DELAY projects?  Any time a risk with a potential schedule impact occurs – it can certainly delay a

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Definition of a Successful Project

“People claiming never to have managed a failed project likely did not define success or never have managed projects.”   ISSUE ONE:    In the Project Charter, project and product success or acceptance criteria should be described and agreed. Throughout the project, scope verification should be performed to determine that the product of the project

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Everything You NEED to Know About Earned and Planned Value

PMBOK defines these – but not well enough to do any good. PURPOSE:   The purpose of Earned and Planned Value are to compare how a project is performing against the budget and the schedule. FUNDAMENTAL ISSUE – Components of a Budget:  WBS (Work Breakdown Structure).  The rolled up costs of all activities, work packages and

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Tired of failed projects? Look at who you hire!

“Doing something the wrong way a hundred times doesn’t make one an expert.” WRONG WAY:   Find someone with lots of experience managing similar projects.  PMs typically repeat the same mistakes from one project to another.   RIGHT WAY:     Ask them the following questions: How do you determine the budget?  The answer should include creation of

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Win before you begin.

UltiMentors helps businesses develop intelligent strategy focused to drive critical projects to successful conclusion.  We’re an innovator in business strategy project management consulting, technology, products, training and staffing solutions. Most notably, we are the inventors of Ultimate PM: The Project Management Power Tool. We solve client problems and add value through metric-driven products and services, industry best practices and

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