Major Reasons to Consider Praxis for Project and portfolio management

Praxis is a term used to describe the processes of putting theoretical knowledge or ideas into practical use or action. It refers to the practical application of theory, knowledge, or skills, often in a social, political, or economic context.  

According to the Project Management Institute's (PMI) 2021 Pulse of the Profession report, 86% of organizations surveyed said that 37% of gymnastic businesses say how the different segments of the company interact as a key talent-development objective, in comparison with the 32% of traditional companies. Read this article to learn the major Reasons to Consider Praxis for Project, Programme, and Portfolio Management. 

Table of Contents

1) Importance of applying Praxis 

2) Reasons to consider Praxis 

3) Conclusion 

Importance of applying Praxis 

Praxis is a methodology applied based on the notion that knowledge and action are interlaced and that information may be acquired both theoretically and practically. The idea of Praxis has been used to underline the value of implementing theoretical knowledge in practical settings in many disciplines, such as philosophy, education, sociology, and political science. 

Praxis is a cyclical process that entails analyzing one's experiences, figuring out the underlying theories and concepts, and applying this understanding to guide and enhance future actions. It is a method of learning that places a strong emphasis on the value of real-world experience, critical reflection, and the need to continuously apply and improve one's knowledge and abilities.


 

Reasons to Consider Praxis 

Praxis can provide several benefits for Project and Portfolio Management. Following are a few of the critical reasons to consider Praxis for Project and Portfolio Management: 

Integrates theory and practice 

Praxis emphasizes the integration of theoretical knowledge and practical application. This approach can help Project Managers to bridge the gap between what they learn in theory and what they encounter in real-world project situations. 

Provides free resources 

Praxis is a free 24-hour online open-source framework. It comprises a library of free resources that can be used for personal purposes. The Praxis website includes templates, tools and techniques, assessment tools, articles, a glossary describing the Project Management terminology, and more. 

Focuses on continuous improvement 

Praxis is a cyclical process that focuses on continuous improvement and reflection. By continually reflecting on experiences, identifying underlying theories and ideas, and applying this knowledge to future actions, Project Managers can improve their skills and become efficient in managing projects. 

Provides a comprehensive framework 

Praxis provides a comprehensive framework for project management that covers all aspects of project, program, and portfolio management, including governance, risk management, stakeholder engagement, and benefits management. 

Emphasizes collaboration 

Praxis emphasizes collaboration and communication between stakeholders. This approach can help Project Managers build stronger relationships with stakeholders and ensure everyone is heading towards the same goals. 

Provides flexibility 

Praxis is a flexible framework adapted to suit the needs of different projects, programs, and portfolios. It allows Project Managers to tailor their approach to suit the specific needs of their organisation and project. 

As a project management professional, you can consider choosing Praxis Framework Foundation training, to upgrade your skillset.  

Conclusion 

In this blog, we have discussed a few significant Reasons to Consider Praxis for Project, Programme & Portfolio Management. Praxis can help Project Managers to integrate theory and practice, focus on continuous improvement, provide a comprehensive framework, emphasize collaboration, and provide flexibility.  

Are you interested in managing projects, programs, and portfolio management? Then, you can consider joining Praxis Framework Training!