article thumbnail

Return On Investment Vs Lean Agile Metrics for Strategic PMs

The Strategic Project Manager

However, the speed of change has made these methods less reliable – and ushered in a more lean-agile approach to metrics. This post examines the difference between ROI and Lean-Agile metrics, It identifies the key metrics of each, and the drivers behind those metrics. Value is delivered in small increments over time.

Lean 40
article thumbnail

How to Fix 5 Project Management Skills Gaps

Rebel’s Guide to PM

As a project manager, you are expected to have all-round skills encompassing the technical fields of project management like planning and scheduling, through to the interpersonal skills like communicating up and influencing others. Learn how to help your team manage risk so you can split the work between you.

Finance 324
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Creating a Risk-Adjusted Backlog

Leading Answers

This article explains what a risk-adjusted backlog is, why they are useful, how to create one and how teams work with them. What is a Risk-Adjusted Backlog? A risk-adjusted backlog is a backlog that contains activities relating to managing risk in addition to the usual features associated with delivering value.

Risk 145
article thumbnail

The Agile Manifesto from a Lean Perspective

Scrum.org

To what extent, for example, is the Manifesto a reflex of “lean thinking”? There’s a clear synergy between lean and agile practice, and attempts to tease them apart can often seem contrived and artificial. Interestingly, in the published history of the Agile Manifesto, the word “lean” does not appear even once.

Lean 142
article thumbnail

Kanban vs. Scrum: What’s the Difference?

ProjectManager.com

Kanban is from Japan, originating in the factories of the Toyota car company in the 60s as a lean manufacturing tool for workflow and inventory management. This means this methodology greatly influences how your team operates and might even require you to make hiring decisions based on it. If not, you’re going to risk scope creep.

SCRUM 412
article thumbnail

The Ten Principles of Evidence-Based Leadership

Scrum.org

These principles are influenced by, but not directly related to, contemporary approaches to organizational management and work methodologies such as Agile, Lean Thinking, Design Thinking, Systems Thinking, Management 3.0, We proactively manage risk by validating assumptions through direct engagement with customers. and beyond.

article thumbnail

Monte Carlo Risk Analysis in Project Management

Project Pulse Journal

By: Dr. Michael Shick, MSPM, PMP, CSM Are you a project manager struggling to predict the risks in your projects accurately during planning? This is where Monte Carlo Simulation transforms the art of project risk management into a more precise science, as part of quantitative risk analysis.