Risk Management Resources

Herding Cats

Risk Management is essential for development and production programs. Risk issues that can be identified early in the program, which will potentially impact the program later, termed Known Unknowns and can be alleviated with good risk management.

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Risk Management is How Adults Manage Projects

Herding Cats

In a recent exchange in social media, it was clear the notion of risk and the sources of risk, the consequences or risks and managing in the presence of risk was in very unclear, when it was conjectured , we can simply slice the work into small bits and REDUCE risk. .

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A Compendium of Risk Management Resources

Herding Cats

This blog page is dedicated to the resources used to manage the risk encountered on software-intensive systems using traditional and agile development methods. Let's start with a critical understanding of the purpose of managing risk on software development projects.

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Microeconomics and Risk Management in Decision Making for Software Development

Herding Cats

If we look at the discipline of software engineering, we see that the microeconomics branch of economics deals more with the types of decisions we need to make as software engineers or managers. Now To Risk Management. Risk is the effect of uncertainty of objectives.

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What’s in your backlog?

Leading Answers

Risk avoidance and risk reduction activities – Sure, maybe. This product owner manages the backlog, keeping things up to date with the latest product decisions. My project manager saw it one day and two interesting things happened.   Risks in the Backlog.

2018 85

A Compendium of Works to Increase the Probability of Project Success

Herding Cats

Business, Technical, Systems, Risk, and Project Management. Managment Processes. Nine Best Practices of Project Management , Software Program Managers Network (SPMN). Top Habits of Successful Project Managers. Ten Rules for Common Sense Program Management.

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Compendium of Works to Increase Probability of Project Success

Herding Cats

Business, Technical, Systems, Risk, and Project Management Briefings and Presentations. Management Processes (#MP). Project Performance Management (#PPM). Agile Project Management (#APM). Risk Management (#RM). Earned Value Management (#EVM).

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Misunderstanding Making Decisions in the Presence of Uncertainty

Herding Cats

Uncertainty is related to three aspects of the management of projects: The external world - the activities of the project itself. The risk is created when we have not accounted for this natural variances in our management plan for the project. Papers on Risk Management.

Seven Project Management Influencers to Watch

Project Risk Coach

Up your game with new project management resources If you had to pick a few people who are helping you grow and mature as a project manager, who would those people be? She is the author of The Project Management Coaching Workbook and The Power of Project Leadership.

Ten Trends in Project Management Recruitment in the UK

Arras People

“ Without getting into specifics about how the market is for certain types of project management practitioners, here’s the current top ten trends in project management recruitment in the UK-based on both our recent research and the day-to-day work we do at Arras People.

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Project Managers Moving from Public to Private Sectors

Arras People

I’ve had a number of conversations with a few project managers recently who are looking for a career change – a few of those have been about moving from working in the public sector to the private sector. They are risk averse. Complex stakeholder management.

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Cone of Uncertainty - Part Cinq

Herding Cats

The Cone is a project management framework describing the uncertainty aspects of estimates (cost and schedule) and other project attributes (cost, schedule, and technical performance parameters). Aleatory and Epistemic uncertainties, which create the risk to the success of the project.

2017 43

Cone of Uncertainty - Part Trois

Herding Cats

The Cone is a project management framework describing the uncertainty aspects of estimates (cost and schedule) and other project attributes (cost, schedule, and technical performance parameters). Aleatory and Epistemic uncertainties, which create the risk to the success of the project.

2007 36

Cone of Uncertainty - Part Cinq (Updated)

Herding Cats

The Cone is a project management framework describing the uncertainty aspects of estimates (cost and schedule) and other project attributes (cost, schedule, and technical performance parameters). Aleatory and Epistemic uncertainties, which create the risk to the success of the project.

2017 40

What Is Cloud Storage, and How Are Innovative Companies Using It?

ProjectManager.com

But the elephant in the room is Amazon Web Services, which launched in 2006, and has since become the recognized leader in cloud storage. Some of the disadvantages include the risk to security and the potential of unauthorized access to data. Project Management The Project Manager Blo

Project Management, Performance Measures, and Statistical Decision Making

Herding Cats

What reducible uncertainties and the resulting risks were Not handled? Schedule Estimation and Uncertainty Surrounding the Cone of Uncertainty, Todd Little, IEEE Software , May/June 2006. USAF Cost Risk Uncertainty Handbook.

Project Portfolio Management Works for More Than Just IT

Meisterplan

When people hear the term project portfolio management (PPM), many think that it is a process to manage IT projects and investments. Using project portfolio management principles to manage IT investments has been working well for years. Senior management recommended whatever projects they thought made sense. If the situation I just described sounds familiar to you, I encourage you to read on to find out why we think project portfolio management is your answer.

Quote of the Day

Herding Cats

It is the lack of needed knowledge of the state of the system in the present or in the future that creates risk. [1], deterministic world, risk management is a critical success factor for increasing the probability of program success. [4] 4] Risk Never Occurs Without a Cause, that Cause is Uncertainty ? Risk is the Outcome of Uncertainty. 212279, February 2006. IT Risk Management. Herding Cats: Risk, Their Sources, and Handling Strategies.

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Quote of the Day

Herding Cats

It is the lack of needed knowledge of the state of the system in the present or in the future that creates risk. [1], deterministic world, risk management is a critical success factor for increasing the probability of program success. [4] 4] Risk Never Occurs Without a Cause, that Cause is Uncertainty ? Risk is the Outcome of Uncertainty. 212279, February 2006. IT Risk Management. Herding Cats: Risk, Their Sources, and Handling Strategies.

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Basis of Estimating Software Development

Herding Cats

Software Sizing, Estimation, and Risk Management: When Performance is Measured Performance Improves , Daniel Galaorath and Michael Evans , Auerbach, 2006. Agile Estimating and Planning , Mike Cohn, Prentice Hall, 2006. Agile Project Management: Creating Innovative Products , Jim Highsmith, Addison Wesley, 2004. IT Risk Management. The estimating of software development is both straightforward and complex.

The 5 Best Free Smartsheet Alternatives of 2019

nTask

Smartsheet is a project management tool which essentially relies on a spreadsheet format for managing projects and tasks. Introduced in 2006, with a major redesign in 2010, the platform serves as a single systematic and flexible solution for all the task management needs of a team.

2019 78

Cone of Uncertainty - Revisited

Herding Cats

We're writing two chapters in an upcoming Project Management Book, with a working title, The Gower Handbook of Project Performance for Agile, Waterfall and Everything in Between , edited by Mark Phillips.

2012 37

Route to Enterprise Scale Agility

Digite

Kanban helps identify process bottlenecks, manage workloads, and predict output based on flow capacity. What are the key risks in the adoption and scaling of Kanban to drive enterprise agility? It is a truly a low risk, high impact approach to improving business performance.

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Reading List for the Cone of Uncertainty

Herding Cats

The beginning of all business critical software development projects is the point in time when performing organizations are least certain about the project, yet it is also the time when top management expects to be delivered project estimates that are very precise. IT Risk Management.

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Wrike Review- 10 facts you should know

Binfire

Wrike is a popular project management application. Wrike was funded in 2006 by Andrew Filev and has locations in California, Ireland, and Russia. . Wrike offers multiple options for users to manage tasks and projects. . The application does more than just project management.

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Software Estimating Resources

Herding Cats

One of our clients, a retired USAF Col Program Manager at an NNSA Weapons Testing Site has a statement that is applicable here: If you lack academic basis and validated experience, your advice is simply unsubstantiated opinion without any basis in fact or principle. 179, 2006. 2006. “A

Time for Action – Off-Payroll Working April 2020 is Coming!

Arras People

They have also removed their direct risk associated with scoping decisions, though some indirect risk may remain in their supply chain should it fail to pay HMRC. They will then become an employee of the Umbrella which will deduct all applicable payroll taxes, plus a management fee.

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Build Awesome: RoR Devs Wanted

LiquidPlanner

In 2006 I left a great gig at Expedia to start LiquidPlanner with a fellow Expedia colleague, Charles Seybold. In other words, it was like the wild west of project management. Featured LiquidPlanner Project ManagementHumble Beginnings.

2016 86

DDSTOP The Saga Continues

Herding Cats

There's been a rash of conjectures about all kinds of bad business, project, and software development (agile and traditional) management ideas of late. And then some more resources for managing in the presence of complexity . Uncertainty can never be managed with Estimates .

DDSTOP The Saga Continues

Herding Cats

There's been a rash of conjectures about all kinds of bad business, project, and software development (agile and traditional) management ideas of late. Define the risks - reducible and irreducible - to each Capability and their Features. What is the Value at Risk for your Project?

DDSTOP The Saga Continues

Herding Cats

There's been a rash of conjectures about all kinds of bad business, project, and software development (agile and traditional) management ideas of late. They don't care about cost, risk, schedule, the probability that they'll get what they paid you for. Irreducible Schedule Risk.

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Estimating is a Learned Skill

Herding Cats

Estimating is a learned skill, used for any purpose from every-day life to management of projects. Software effort estimation terminology: The tower of Babel,” Stein Grimstad, Magne Jørgensen, Kjetil Moløkken-Østvold, Information and Software Technology 48 (2006) 302–310. Software effort estimation terminology: The tower of Babel,” Stein Grimstad, Magne Jørgensen, Kjetil Moløkken-Østvold, Information and Software Technology , 48 (2006) 302–310. “A 3, August 2006, pp.

Don’t over-work yourself: Key to reducing stress at work

Proofhub

It completely destroys our health goal: stores huge fat, depleting your energy, lurks in the shadow, more risk of heart stroke, kicking out your concentration, and other undesirable things. Turn your work stress into success with a management tool.

2018 78

Resources for Cone of Uncertainty

Herding Cats

The planned uncertainty not only needs to decrease over time passing, but this reduction diminishes any impacts of risk on the decision-making processes. That is an Immutable Principle of good project management. Remember Risk Management is How Adults Manage Projects - Tim Lister.

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The Trouble with Charts

Herding Cats

Hard Facts, Dangerous Half-Truths & Total Nonsense: Profiting from Evidence-Based Management , Jeffrey Pfeffer and Rober Sutton, Harvard Business School Press, 2006. The Flaw of Averages : Why We Underestimate Risk in the Face of Uncertainty , Sam L.

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Modeling the Future is the Basis of Project Success

Herding Cats

This ignores the principles of predictive analytics, and the direct management actions taken to produce outcomes from those analytical models found everywhere from project management to grocery store management and the model-based systems engineering.

Deconstructing The Cone of Uncertainty

Herding Cats

Traditional project management approaches, several of which are based on a strong belief in the cone of uncertainty, advocate stronger project control and greater planning. In that case, the competitor will win nearly every time, and the prize for “good” project management might be losing market share. This is the role of Management, determine corrective actions to stay on Plan. The Cone of Uncertainty is NOT an after the fact assessment of what was not properly managed.

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