article thumbnail

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.

article thumbnail

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.

Insiders

Sign Up for our Newsletter

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

article thumbnail

4 Awesome Teamwork Examples for Agile Teams

nTask

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. On Brown’s part, there was an exhibition of risk-taking and present-mindedness. The coach did not take the risk and took an important decision in the team’s best interests.

article thumbnail

Increasing Profitability In Times of a Crisis: How the Right Approach to Project and Resource Management Can Help Improve Business Outcomes

Epicflow Blog

How can organizations ensure sustainable business growth and increase profitability during an economic downturn? They wouldn’t be able to achieve the above-mentioned results without identifying inefficiencies, reorganizing work, setting the right priorities, managing risks, and assessing outcomes regularly. In fact, it is!

article thumbnail

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.

article thumbnail

The Agile Cannon

Herding Cats

Loss of control creates risk of failure. Compensate for cost variation by including risk reduction metrics. Organizational culture largely determines if teams and individuals embrace and sustain collective responsibility. Embrace objectivity. Proactively Experiment to Improve. Not improving fast enough. Limit Work-In-Progress.

Agile 61
article thumbnail

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. One starting point is the value at risk.

2003 46