Message From the President - May 2022

Cryptocurrency and Project Management

What is the connection between the hottest speculative investment and project management? Despite cryptocurrency’s reputation as being the Wild Wild West, most versions are grounded in precise and disciplined rules. The most widely known cryptocurrency, Bitcoin, for example, is created through a process which requires solving complex math equations. The link to project management is the discipline of keeping and using documentation, using a method called blockchain. Blockchain is a decentralized ledger which records transactions; it is immutable and depends on transparency and trust.

The business applications of blockchain are many and profound. Corporations such as JP Morgan Chase, Wal-Mart and IBM are adopting blockchain as a backbone of securing transaction and ownership information. It performs functions similar to project management tools like requirements tracing, critical path, scope management, resource allocation and accountability.

To help us all get a better understanding of this tool and how it is being applied in project management, PMI Westchester is hosting Niki Weiss, PMP, PMI-RMP at our May 10th Chapter Meeting to hear her presentation “Blockchain for Project Managers”. Niki is a member of the Delaware Valley Chapter of PMI and has been sharing her knowledge and insights with other Chapters. Through her studies as well as her involvement in international organizations such as the Government Blockchain Association, Global Blockchain Initiative/Blockchain Academy, and the International Association of Privacy Professionals, Niki has built an advanced knowledge of the blockchain environment. In this presentation, Niki will break down complex use cases into easily digestible information for project managers who are new to blockchain.

PMIW is dedicated to bringing you current information that you can use to stay ahead of the curve of our rapidly changing profession. We look forward to ‘seeing’ you at this virtual Chapter meeting on May 10th. Register for the meeting here!