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 Risk a Feelings,” George F. 3, 2008.

Risk 35

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
Insiders

Sign Up for our Newsletter

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

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. Hammonds, Risk Analysis 14.5

Risk 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 73

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 managementI’m midway through Nassim Taleb ‘s latest book, Skin in the Game: Hidden Asymmetries in Daily Life.

2018 149

The Agile Cannon

Herding Cats

The paper Agile Base Patterns in the Agile Canon , Daniel R Greening, 2016 49th Hawaii International Conference on System Sciences is an important contribution to the discussion of agile at scale in organizations beyond 5 developers at the table with their customer. The Agile Cannon is composed of 5 elements. Loss of control creates risk of failure. Compensate for cost variation by including risk reduction metrics. Agile Conference 2009, IEEE. . [4]

2016 50

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. Agile Project Management (#APM). Risk Management (#RM). Agile Software Development (#ASD). Integrating Agile and Earned Value Management (#AEVM). Agile and Earned Value Management Bibliography of papers, books, and thesis (#Biblio). Business, Technical, Systems, Risk, and Project Management. But in fact, risk management is part of the other 4 principles as well.

2015 37

A Compendium of Works to Increase the Probability of Project Success

Herding Cats

Business, Technical, Systems, Risk, and Project Management. Agile Project Management. Agile Software Development for Government Software Intensive System of Systems (SISoS) , Boulder Agile Meetup, 27 July 2016. Integrating Agile Software Development with Earned Value Management , College of Performance Management, IPM Workshop, 2015. Product & Process Development Kaizen , LPPDE, Denver, Colorado, April 21-23, 2008. Risk Management.

2008 45

The Perfect Storm for The Project Economy

Leading Answers

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. With all the planning, estimation, risk management, and earned value tracking, there was a fair amount of math and admin involved.

2020 78

Misunderstanding Making Decisions in the Presence of Uncertainty

Herding Cats

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. This is the motivation for short work intervals found in agile development. . One starting point is the value at risk. Risk Management is essential for development and production programs.

What is Primavera P6? Uses, Features & Pricing

ProjectManager.com

In 2008, Primavera Systems was bought out by Oracle, who then developed the tool into the version that is used today. The modern incarnation sells itself as a tool to increase your efficiency when planning, which reduces the risk of schedule overruns.

2021 228

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

The IIL Blog

According to management guru Peter Drucker, there are only two sources for growth: marketing and innovation [Drucker, 2008]. Innovation requires: An acceptance of significant risk, more so than in traditional project management. The future will be flexible project management models such as those used in Agile and Scrum projects. We have learned from Agile and Scrum that flexible project management approaches are necessary for many projects. 2008).

10 Startups With The Best Company Culture in 2021

Proofhub

the popular social media management platform that was founded in 2008, defines their culture as ‘a passionate egoless team having fun building something bigger than itself’.The What’s the one thing you are Photo by RF._.studio studio from Pexels looking for when searching for a job?

2021 85

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.

Cone of Uncertainty - Part Cinq

Herding Cats

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. Inadequate assessment of risks and unmitigated exposure to these risks with proper handling plans. Either the team itself, the Project or Program Manager, or on larger programs the Risk Management owner. .

2017 33

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. For this article we will assume our organization wants to become more Agile.

2008 40

Cone of Uncertainty - Part Trois

Herding Cats

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. Inadequate assessment of risks and unmitigated exposure to these risks with proper handling plans. Either the team itself, the Project or Program Manager, or on larger programs the Risk Management owner. .

2017 28

Cone of Uncertainty - Part Cinq (Updated)

Herding Cats

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. Inadequate assessment of risks and unmitigated exposure to these risks with proper handling plans. Either the team itself, the Project or Program Manager, or on larger programs the Risk Management owner. .

2017 30

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. Acquiring Data Retires Risk. One role of the project manager is to reduce or retire risk. This supposes a risk management system of course. One that follows the standard Risk Management process model in use today. One of the books used by a vocal No Estimates advocate is Black Swans by Nassim Taleb.

2002 32

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. Acquiring Data Retires Risk. One role of the project manager is to reduce or retire risk. This supposes a risk management system of course. One that follows the standard Risk Management process model in use today. One of the books used by a vocal No Estimates advocate is Black Swans by Nassim Taleb.

2002 28

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. It can also indicate potential risks to existing projects.

2021 52

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. Cost Modeling Agile Software Development,” Maarit Laanti and Petri Kettunen, International Transactions on Systems and Applications, Volume 1 Number 2, pp. Monte Carlo Schedule Risk Analysis,” Intaver Institute, Inc. 229 “How Should We Estimate Agile Software Development Projects and What Data Do We Need?” 11, November 2008.

Estimating is a Learned Skill

Herding Cats

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 Business of Software Estimation Is Not Evil: Reconciling agile approaches and project estimates,” Phillip G. Naval Postgraduate School, 2008.

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

Planio

Risk Up Front: Managing Projects in a Complex World. If you’re also interested in Agile project management, pair the PMBOK with the PMI’s new Agile Practice Guide or our own Guide on How to Pick the Software Development Process that’s Right For you.

2020 123

Real Options and Decision Making for ICT Projects

Herding Cats

This is the same paradigm of Agile software development where responding to change over following the plan is part of the original manifesto. 72, 2nd Quarter, 2008, pp. Olagbemiro, Dissertation, Naval Postgraduate School, December 2008. "A IT Risk Management. There was a classic #Noestimates post this week that said. Estimation locks down choices early through upfront t decision making, #NoEstimates preserves options. And attached the hashtag #RealOption.

2008 31

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

Epicflow Blog

According to PMI’s Job Growth and Talent Gap in Project Management 2017-2027 , organizations’ need for project talent has significantly increased since their previous investigation in 2008. PMI Agile Certified Practitioner (PMI-ACP) (costs from $435 for members and $495 for non-members); .

Salesforce and Leankor Ensure Business Continuity

Leankor

In 2008, Software as a Service (SaaS) began to become a norm. They need an application that can support different work methodologies, from Waterfall to Agile, offer preferred visuals like Kanban Boards and Gannt charts.

Build Awesome: RoR Devs Wanted

LiquidPlanner

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. In particular, we’re looking for a senior software engineer that loves shipping customer focused SaaS apps, believes in and subscribes to agile development and is committed to quality and a pragmatic approach to building great technology. Humble Beginnings.

2016 66

The Zombie Scrum Survival Guide

Scrum.org

It was early 2008 when an Agile Coach sat alone in an office in Western Europe. Approach at your own risk An article by Johannes Schartau , co-author of the Zombie Scrum Survival Guide. The dim light of his desk lamp did its best to drive the evening’s gloom away.

2008 48

30 Simpler Asana Alternatives For Creative Teams

Teamweek

Asana was founded in 2008 by ex-Google and ex-Facebook engineers with the aim to make team collaboration better. Creative teams can easily manage their agile projects through Mavenlink. Clarizen Go is a task management tool for creative, agile teams.

2020 82

Scaling Scrum with Nexus and Kanban

Scrum.org

This is more or less the time you started searching for "scaling agile" "scaling scrum" and exploring your options. I've been using Kanban as a scaling mechanism on top of Scrum since around 2008 or so and it has been the approach I reach out to most often.

2020 57

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

MPUG

And I see these as two different things, and we’ll talk about that, but from an agile, waterfall, lean, a safe, a construction, a manufacturing. So when I say a project management perspective, I’m really thinking about the hygiene, the DNA, the risks, the issues, the actions.

2020 52

Cone of Uncertainty Bibliography

Herding Cats

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. Olagbemiro, Naval Postgraduate School Dissertation, December 2008. Using NESMA Function Point Analysis in an Agile Context," Roel van Rijswijck, Thesis, Radboud Universiteit Nijmegen. There seems to still be confusion about what the Cone of Uncertainty means for some in the #NoEstimates community.

2017 32

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. Remember Risk Management is How Adults Manage Projects - Tim Lister. Google will find each of these for you, as a start to the extensive body of litertaure for estimating agile projects in the presence of uncertainty. IT Risk Management.

2007 32

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.

Product Discovery Anti-Patterns Leading to Failure

Scrum.org

You can sign up here for the ‘Food for Agile Thought’ newsletter and join 30,000-plus other subscribers. The wave of agile transition projects, particularly in large, established organizations over recent years, has provided those frameworks with a tremendous tailwind.

2021 45

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

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 Agile process Smell and Root Cause Analysis,” Dave Nicolette, International Conference on Agile Processes and Extreme Programing in Software Engineering, 2009. SCRAM: A Method for Assessing Risk of Schedule Compliance,” Adrian Pitman, Angela Tuffley, and Betsy Clark, DMO General Manager Systems, Australian Government, ASWEC 2013.

2014 39

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

Teamweek

Are there any constraints or risks? The paid plans also have more Agile features including board collections and list limits. Asana was founded in 2008 by ex-Google and Facebook engineers. Trello and Asana are two popular project management tools.

2020 52