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. 255, April 2010.

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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. 255, April 2010. 1, 2010.

2012 33
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Vendor Showcase Recap: Making Light Work of Schedule Risk Analysis – By Barbecana

MPUG

Please find below a transcription of the audio portion of John Owen’s showcase session, Making Light Work of Schedule Risk Analysis, being provided by MPUG for the convenience of our members. I’m going to talk about schedule risk analysis. This is the contingency for risk.

Vendor Showcase Recap: Making Light Work of Schedule Risk Analysis – By Barbecana

MPUG

Please find below a transcription of the audio portion of John Owen’s showcase session, Making Light Work of Schedule Risk Analysis, being provided by MPUG for the convenience of our members. I’m going to talk about schedule risk analysis. This is the contingency for risk.

Microeconomics and Risk Management in Decision Making for Software Development

Herding Cats

Research clearly shows the root causes of most software projects cost and schedule overruns and technical shortfalls comes from poor risk management. Most post-mortems of these software disaster projects have shown that their problems would have been avoided or strongly reduced if there had been an explicit early concern with identifying and resolving their high-risk elements. Now To Risk Management. Risk is the effect of uncertainty of objectives.

2007 32

A Compendium of Works to Increase the Probability of Project Success

Herding Cats

Business, Technical, Systems, Risk, and Project Management. Project Governance. Applying Deliverables Based Planning ® To Increase Our Probability of Success , PMI Fort Worth, Chapter Meeting, 15 July 2010. Agile Software Development for Government Software Intensive System of Systems (SISoS) , Boulder Agile Meetup, 27 July 2016. Risk Management. Managing in the Presence of Uncertainty and Resulting Risk. Handling Risk on High Technology Programs.

2008 45

Compendium of Works to Increase Probability of Project Success

Herding Cats

Business, Technical, Systems, Risk, and Project Management Briefings and Presentations. Risk Management (#RM). Governance (#Governance). Business, Technical, Systems, Risk, and Project Management. Managing projects in the presence of uncertainty means making decisions about cost, schedule, and technical performance all risk-adjusted , from the uncertainties that create risk. But in fact, risk management is part of the other 4 principles as well.

2015 37

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. Epistemic uncertainty can also occur when there is a subjective evaluation of the system - a risk from a rare event or an event with little or no empirical data. One starting point is the value at risk.

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

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

Reading List for the Cone of Uncertainty

Herding Cats

Reducing Estimation Uncertainty with Continuous Assessment: Tracking the 'Cone of Uncertainty’” Pongtip Aroonvatanaporn, Chatchai Sinthop and Barry Boehm, Center for Systems and Software Engineering University of Southern California, Los Angeles, CA 90089, ASE’10, September 20–24, 2010, Antwerp, Belgium, 2010. IT Risk Management. NoEstimates Estimating Governance Management Performance-Based Project Management® Principles Project Management Root Cause Analysis

2012 41

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

Interesting Project Management Survey Results

Brad Egeland

October 2010 PM Survey - PM Frustrations 1. indecision - poor management - lack of stakeholder involvement August 2010 Survey - Where are You Now? 0-10% - 84% 11-25% - 5% 25-50% - 11% 50+% - 0% April 2010 Survey - PMO Effectiveness 1.

2021 125

The 7 Habits of Successful Project Managers

ProjectManager.com

By now, I am sure many readers will be familiar with Tim Lister’s wise comment that: “ Risk management is how adults manage projects.”. So, get into the habit of thinking in terms of risk. It’s too easy to study a plan – especially one you have created – and see the risks as variances to the plan. Constantly working their risk register. They review outstanding risks on a regular cycle and push constantly for progress.

2018 327

I may be a “Crazy Fool” but I consider the A-Team to be agile!

Kiron Bondale

If your only exposure to The A-Team was the horrible 2010 movie starring Liam Neeson, you owe it to yourself to watch a few episodes of the original series. True, they have been disavowed by their government and are being hunted by military police for a crime they didn’t commit, but with each episode where they help a new client they figure out their way of working without being mired in bureaucracy or seeking guidance from outside the team.

2019 127

Zombie Projects and How to Kill Them

Girl's Guide to PM

Zombie PM is a term I came up with in 2010 when I put together a project management alphabet. lack of governance. Government PMO,” says Derek Huether, an enterprise Agile coach and trainer. ” Derek took an Agile approach, scheduling a daily 15 minute standing meeting to communicate status and deal with issues and risks. One of the first things that project managers learn on training courses is that a project has a start, a middle and an end.

2019 220

Why Johnny Can't Do The Math

Herding Cats

In a previous post, Why Johnny Can't Estimate , mentioned some resources for estimating, the principles of business and technical management that demand estimates be made to make decisions, and background on the sources of uncertainty, that create risk, that require estimating to increase the probability of project success. The 2008 mortgage crisis for example (although many did an made lots of money), the government didn't.

Software Estimating Resources

Herding Cats

Monte Carlo Schedule Risk Analysis,” Intaver Institute, Inc. What the Data Say About IT project Risk in the Public Sector,” Alexander Budzier and Bent Flyvbjerg, in Commonwealth Governance Handbook, 2012/2013: Democracy, development, and Public Administration, Commonwealth Secretariat, December 2012. 15, The Institute of Cost and Works Accountants of India, 2010. December 2010. Quantifying IT Estimation Risks,” G.P. 4, November 2010. 58, 2010.

Estimating is a Learned Skill

Herding Cats

Andreou, 3rd Artificial Intelligence Techniques in Software Engineering Workshop , 7 October, 2010, Larnaca, Cyprus. 3, 2010, “Empirical Estimation of Hybrid Model: A Controlled Case Study,” Sadaf Un Nisa and M. Estimates, Uncertainty, and Risk,” Barbara Kitchenham and Stephen Linkman, University of Keele, IEEE Software , May / June, 1997, “Software Project Scheduling under Uncertainties,” Intaver Institute Inc. “A Johnson, STC 2010. 3, 2010.

How to Use nTask for Waterfall Project Management – A Practical Guide for First Timers

nTask

Dr. Royce was attempting to explain how in his experience the Waterfall Model comes attached with risks of failure. . This might also require that the team understands the client’s business model and analyze potential risks involved with the project. The United States government settled on the Waterfall Model as the model’s advantages perfectly fulfilled their requirements. Ability to take risks. Supporting high risk projects.

2019 85

Principle Based Management

Herding Cats

Most business departments have a set of standard operating procedures or guidelines that govern how we should respond to standard and even some not-so-standard occurrences we face throughout our workday. It starts with the organization and the governance practices and framework for that organization. If the organization doesn’t buy into this governance framework, it won’t work. Derived from Fire and Rescue Magazine , May 2010. IT Risk Management.

Complete Collection of Project Management Statistics 2015

Wrike

64% of organizations say they frequently conduct risk management. [6]. Managing small, low-risk projects. Managing medium-size, moderate-risk projects. Government – Federal. Government – City/State/Local. Between 2010 and 2020, 15.7 Business services (2 million jobs) and Manufacturing (630,000 jobs) supported the greatest number of project management roles in 2010. Undefined risks/opportunities – 30%.

2015 49

Why Today’s Leaders are Seeking Executive Coaching

Appfluence

Here they characterized the executive coaching terrain as a frontier that was “chaotic, largely unexplored, and fraught with risk, yet immensely promising.” According to a 2013 Executive Coaching Survey sponsored by Stanford Graduate School of Business’ Center for Leadership Development and Research, together with the Rock Center for Corporate Governance and The Miles Group, nearly two thirds of CEOs and one half of senior executives do no receive coaching of some sort.

2004 28

FedEx Project Manager Profile: Leigh Espy

Project Management Hacks

This led me to a project coordinator position in local government early in my career. I led an effort to develop a risk-based software development process. Editor’s Note: Rita Mulcahy passed away in 2010. Leigh Espy, FedEx Project Manager. What is like to work as a project manager? The easy answer is “it depends.” That’s true but it doesn’t really tell us much.

2016 44

Webinar Recap: How Innovation & Portfolio Management Office Underpins Corporate Success

MPUG

During the 2010, 2013, and all of those other fun launches as we’ve gone through and continued to advance Microsoft Project, Project Online, and all of the good Project for the web stuff. External trends in the business environment are unprecedented, and people and organizations that can’t change are at severe risk. This has a lot to do with risk. How do enterprises consider risk?

Agile Unplugged: EP01 | Mike Cottmeyer and Brian Sondergaard

Leading Agile

I’m sitting there as this relatively young project manager, teaching all these folks at the bank about Agile, right, and risk management and things. Started LeadingAgile in 2010. – [Brian] 2009, 2010? Listen to the SoundNotes Podcast on the go!

2020 90

Webinar Recap: Microsoft Project Do’s, Don’ts, and Cool Customizations

MPUG

This is project 2016 I’m using for this demonstration, and I think that this will go all the way back to like project 2010 or even earlier than that. I need it, for example, to help me with my risk evaluations. The risk is a one, a one out of 25.

2020 52

Vendor Showcase Recap: Using WBS Schedule Pro – By Critical Tools

MPUG

As far as this, the desktop client version of Microsoft Project, we are compatible with all versions, Project 98, Project 2000, 2003, 2007, 2010, 2016, and 2019, so pretty much every version.

2020 52

Webinar Recap – Visual Awesomeness: Enhance Your Project Online Power BI Reports with Custom Visuals

MPUG

I’ve been working on creating blog posts and videos and giving speeches since 2010. Raphael Santos: I have created some visualizations with Project and Visio, for example, have created some visualizations that allows us to create a risk matrix reports in Project Online. So what’s more relevant in terms of how the hours are distributed within my governance workflow?

2020 40