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. Effective Risk Management 2 nd Edition , Edmund Conrow, AIAA, 2003. Risk Management is Project Management for Adults - Tim Lister. Risk Management Papers. “A 3, 2008.

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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. . First, the only risk that can be reduced is the risk created by Epistemic Uncertainty. Making things small does not reduce the risk it may make the uncertainty smaller.

2003 38
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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. Risk Management is essential for development and production programs. Effective Risk Management 2nd Edition, Edmund Conrow, AIAA, 2003. Risk a Feelings,” George F.

2012 33

4 Awesome Teamwork Examples for Agile Teams

nTask

Professionals do not come with a manual so how should Agile teams work in collaboration? What may seem like a completely different ballgame, if studied closely, just may be able to teach Agile teams a thing or two. Example #1: Dee Dee Trotter – 2008 Summer Olympics. In 2008 Games, DeeDee Trotter went to bag another gold medal in the 4×400 meter relay. The moral for Agile teams: Instead of focusing on what you can accomplish alone, keep the big picture in mind.

2019 85

Product-centric teams have skin in the game!

Kiron Bondale

Without this, we have an asymmetry since risks get transferred away from those who should have been held responsible. Another highly publicized example is that of the financial company executives who were never jailed for poor decision making which led to the 2008 financial crisis. Agile agile project management project decision making Risk management

2018 149

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. By the way, the pure conjecture that agile enables late changing requirements to not have a significant impact on the cost and schedule of the development project is completely lacking any testable evidence outside of personal anecdotes of agile advocates. Now To Risk Management.

2007 32

Process Reduces Agility? Only on De Minimis Projects

Herding Cats

A popular toss off aphrase in some agile circles is process reduces agility. In this domain today, Agile processes are the basis of engineering those systems. The last four are of course replicas of agile guidance. Here's a sampling of background on how agile software development processes are used in a domain where life is at stake. Agile for Aerospace Andrew Buter, Curt Stienstra, Steven H. VanderLeest GLSEC 2008. "A

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). Cost, Schedule, and Technical Performance Management (#CSTPM). Earned Value Management (#EVM). Agile Software Development (#ASD). Integrating Agile and Earned Value Management (#AEVM). What is Risk?

2015 37

How to Start a Career in Project Management: Answers to FAQ

Epicflow Blog

A profession of a project manager has always been in demand and seems to be gaining momentum more and more. Besides, about 88 million employees will be needed for project management jobs. . How Can I Understand that a Career of Project Manager Fits Me?

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. Integrated Master Plan: The Foundation of Program Success , College of Performance Management, May 21, 2014. The Nine "I's" of Program Success ," College of Performance Management. Ten Rules for Common Sense Program Management.

2008 45

Can the Words “Innovation” and “Project Management” Be Used In The Same Sentence?

The IIL Blog

Senior Executive Director for Project Management, IIL. According to management guru Peter Drucker, there are only two sources for growth: marketing and innovation [Drucker, 2008]. The question, of course, is “How do we manage innovation needs?”. INNOVATION AND PROJECT MANAGEMENT. For years, there has been a debate as to whether the words “innovation” and “project management” should be used in the same sentence. PROJECT MANAGEMENT LITERATURE. 2008).

What is Primavera P6? Uses, Features & Pricing

ProjectManager.com

There are a lot of project management software tools to choose from, and there are a few that truly seem to dominate the space, like Oracle’s Primavera P6. How can you find the project management solution that fits your organization, project and the way your team works?

2021 226

The Perfect Storm for The Project Economy

Leading Answers

Driven by three macroeconomic trends, the need for projects and project managers was increasing. Eric Ries documented his lean startup methodology in 2008 as a way for organizations to adapt and experiment with new ideas and perform market tests.

2020 78

The 23 Best Project Management Books For Upgrading Your Career in 2020

Planio

The number one thing every project manager needs to level up their skills is experience. A good project management book. While there are tons of fantastic resources online for learning how to be a better project manager (such as this blog!) 20 Minute Manager: Managing Projects.

2020 124

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. Dealing with Aleatory (irreducible) uncertainty and the resulting risk requires we have margin. An aleatory risk is expressed as a relation to a value. One starting point is the value at risk. 12, 2008.

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. Other uncertainties that create risk include: Unrealistic performance expectation with missing Measures of Effectiveness and Measures of Performance. This is the basis of a risk tolerant plan.

2017 33

Black Swans

Herding Cats

Here's a book review from 2008, about Black Swans and Fooled By Randomness in the context of managing software development in the presence of uncertainty. All is good so far until he mentions these concepts are applicable to the management of projects. What struck me was how disconnected Taleb is from the profession of project management. The critical success factor of managing projects in the presence of uncertainty is to determine which models are useful.

2002 32

Salesforce and Leankor Ensure Business Continuity

Leankor

How Salesforce and the Right Work and Project Management Solution Can Ensure Business Continuity and Accelerate Delivery Success in a Remote World. Managing projects has been around long before it had a name. Project Management Software and Cloud Evolution.

Road Trippin’ Organizational Change: The Beginning

Project Management Essentials

This metric is attributed to Hammer and Champy’s 1993 classic, “Reengineering the Corporation” and is reinforced by a 2008 McKinsey survey of executives. In this article, I suggest that we use an agile-adaptive approach for our organizational change and transformation initiatives. We should set our goals: increased revenue, reduced costs, greater agility, etc. Each of my managers followed a slightly different path—one that made sense for their organization.

2008 40

Trello vs Asana vs Toggl Plan: What’s the Best Project Management Tool (2020)

Teamweek

Trello and Asana are two popular project management tools. Instead, both need to be evaluated based on: the size of your team, your project management workflow, and the tool’s onboarding time and ease of use. Essential features in project management tools. Team management.

2020 52

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. Other uncertainties that create risk include: Unrealistic performance expectation with missing Measures of Effectiveness and Measures of Performance. This is the basis of a risk tolerant plan.

2017 28

Black Swans

Herding Cats

Here's a book review from 2008, about Black Swans and Fooled By Randomness in the context of managing software development in the presence of uncertainty. All is good so far until he mentions these concepts are applicable to the management of projects. What struck me was how disconnected Taleb is from the profession of project management. The critical success factor of managing projects in the presence of uncertainty is to determine which models are useful.

2002 28

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. Other uncertainties that create risk include: Unrealistic performance expectation with missing Measures of Effectiveness and Measures of Performance. Agile 2008 Conference. [18]

2017 30

10 Startups With The Best Company Culture in 2021

Proofhub

The biggest foundations of a ‘culture’ inside a startup is the passion and determination that comes from the management team which is often reflected upon to the rest of the team. Equipped with a degree in Career Guidance, she has a strong background in education management and career success.

2021 95

Basis of Estimating Software Development

Small Business CEO

Here are some resources that will provide guidance to produce credible software development estimates, in both traditional and agile domains. While some have publication dates that may seem old, the principles in these books are immutable, even for agile projects. Software Sizing, Estimation, and Risk Management: When Performance is Measured Performance Improves , Daniel Galaorath and Michael Evans , Auerbach, 2006. IT Risk Management.

Software Estimating Resources

Herding Cats

This blog page is dedicated to the resources used to estimate software-intensive systems using traditional and agile development methods. 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. Flint, School of Management, Working Paper Series, September 2005.”.

Part II: A Simplified Approach to Determine IT Project Complexity

PM Times

It will discuss why the Core IT Complexity model is a good approach for most IT organizations and why it is important to determine project complexity as an ongoing and integral part of the Change Management and Risk Management process. 2008)”.

2021 52

Estimating is a Learned Skill

Herding Cats

Estimating is a learned skill, used for any purpose from every-day life to management of projects. Review on Traditional and Agile Cost Estimation Success Factor in Software Development Project,” Zulkefli Mansor, Saadiah Yahya, Noor Habibah Hj Arshad, International Journal on New Computer Architectures and Their Applications (IJNCAA) 1(3): 942–952. Story Point Estimating,” Richard Carlson, ALEA, Agile and Lean Associates, 2013. The ROI of Agile VS. Traditional Methods?

Build Awesome: RoR Devs Wanted

LiquidPlanner

In other words, it was like the wild west of project management. It took us six months to hone the LiquidPlanner company concept of a SaaS-based dynamic project management app; one capable of predicting completion schedules in real-time. We didn’t really realize it at the time, but we built and launched the company using many of the concepts that Eric Ries later elegantly defined in his 2008 book The Lean Startup. Featured LiquidPlanner Project Management

2016 69

Real Options and Decision Making for ICT Projects

Herding Cats

Traditional methods of quantitative cost-benefit analysis, like Net Present Value (NPV) or Discounted Cash Flow (DCF), either ignore or cannot properly capture the needs of management for flexibility to adapt and revise later decisions based on the uncertainties found on all IT projects. Real Options the management the needed flexibility to take actions, in the presence of uncertainty, that itself emerges over time. 72, 2nd Quarter, 2008, pp. IT Risk Management.

2008 31

30 Simpler Asana Alternatives For Creative Teams

Teamweek

And, while Asana is a great tool for micro-managing work, more creative teams are looking for Asana alternatives that allow better freedom at work. So, if you’re looking to manage your creative projects more efficiently, this article has got a lot to offer. Project Management Features.

2020 82

Cone of Uncertainty Bibliography

Herding Cats

I work in a domain where the CoU is baked into the Integrated Program Performance Management (IPPM) processes flowed down from the buyer, in this case, the Federal Government. The CoU is a build-to paradigm, where measures of the program's performance cumulative to date is used to inform the risk for future performance. IEEE Transactions on Engineering Management , 57 (4), pp. Olagbemiro, Naval Postgraduate School Dissertation, December 2008.

2017 32

Webinar Recap: Do You Know How to Recover a Project?

MPUG

Like I said, I know this area very, very well, very passionate about it as a PMO director for many, many years and a PMO manager. And so when you think about, how do you tackle this, the first thing you’re going to look at is from a project management perspective.

2020 52

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. Rather than update Cone of Uncertainty - Part Cinq (Updated) again, let me provide a bibliography of papers describing the origins of the Cone and it's use in the management of Programs. That is an Immutable Principle of good project management. Remember Risk Management is How Adults Manage Projects - Tim Lister.

2007 32

Product Discovery Anti-Patterns Leading to Failure

Scrum.org

And this is precisely the point: The Product Owner miraculously identifies what is the best way to proceed as a Scrum Team by managing the Product Backlog. You can sign up here for the ‘Food for Agile Thought’ newsletter and join 30,000-plus other subscribers.

2021 49

3 Roles but 1 Team

Scrum.org

When roles are defined this way, there is a risk that gaps and gray areas emerge. We will take this idea even further during our Agile Power Week in Munich Germany when we not only teach the individual roles but unite the roles in an Open Space. Presenter: Jochen (Joe) Krebs pioneered Agile Portfolio Management in 2008 and has been active in the agile community for almost two decades.

Without a Root Cause Analysis, No Corrective or Preventive Action is Credible - Part 1

Herding Cats

June Verner, Jennifer Sampson, and Narciso Cerpa, Second International Conference on Research Challenges in Information Science, 2008. “A A Taxonomy of an IT Project Failure: Root Causes,” Walid Al-Ahmad, Et Al, International Management Review, Vol. Adam Alami, Conference on ENTERprise Information Systems / International Conference on Project Management / Conference on Health and Social Care Information Systems and Technologies, CENTERIS / ProjMAN / HCist 2016, October 5–7, 2016.

2014 39

Little's Law - Use, Misuse, and Sometimes Simply Wrong Ideas

Herding Cats

Graves, MIT, in Building Intuition: Insights From Basic 81 Operations Management Models and Principles, 2008. IT Risk Management. Herding Cats: The Use and Misuse of Little's Law and Central Limit Theorem in Agile. Herding Cats: Process Reduces Agility? Systems amenable to Little's Law looks like this. Inputs can be a discrete or continuous flow of work arriving for service in the System.

2017 32

A Digital Service Canvas for Government and Enterprise

Scrum.org

It’s an agile activity which looks like it ought to be a no-brainer for teams…something they’d want to buy into, and of clear value to all. Everyone else seems to have more important matters to attend to than another piece of agile “fluff”. As far as a Scrum of Scrums goes for example, an appealing value proposition could be the management of immediate pain-points such as dependencies, or the sharing of knowledge which attendees need now. The canvas as an agile artefact.

Monte Carlo Simulation

Herding Cats

Estimation is part of project management. . The most important estimates for the project manager are related to time and cost. . Monte Carlo simulation on projects examines all paths through the network of activities or all possible states of the project for the duration, cost, and risk that create impacts on duration and cost. This is a Closed Loop Control Systems for managing the performance of a Software Intensive System of Systems, all developed using Scrum.

2018 38