Is risk management really that effective?

Ron Rosenhead

I explored the need for a systematic risk process for projects. I discussed the need for a systematic approach to risk management and I am assured this happens. Risk is not seen as a key process. Are we really managing risks or playing at it?

Risk 164

Clarizen as an alternative to MS Project

Clarizen

The answer is simple; it’s available, affordable, and includes a very necessary set of Project Management features. The next question we asked was, “why is Excel even more popular and commonly used in Project Management practice than even MS Project?” Everyone can use it to keep the list of required tasks, even though it does not include even the most basic Project Management functionality. Concept – people need Beyond Project Management solution.

2010 60

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Tips and Tricks for Smart Project Planning

Wrike

Critical path analysis and project management tools can be really helpful in administering and managing projects. Thus, the formal critical path for small projects is often obvious enough for project managers and for project management software.

2010 50

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. 255, April 2010.

Risk 45

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. .

2003 49

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 42

Observations from Computerworld's Premier 100 Conference

Knowledgeline

It was awkward to walk around and not know many people, but I did manage to find Melvin Evins (an ILTA member), the only other person from a law firm that won an award. This is not to say they want failure on major projects, 'cheap' meaning that it be low in both cost and risk. They spend a lot of effort taking reports that senior management get in excel or in a list view and creating 'cockpits' which are very visual dashboards.

2010 43

Estimating the Risk

Herding Cats

Risk is everywhere on projects. This risk comes from two types of uncertainty. Aleatory uncertainty, which is the naturally occurring yields variances in the underlying processes. Epistemic uncertainty comes from probabilistic processes that can be addressed with handling responses. The idea of risk and its management and handling is a critical success factor for all software development. Without these estimates, there is no risk management.

No more initial estimates? NOOOOOOOOOOO!

Kiron Bondale

You are assigned to manage a project and before you or your team have had an opportunity to start to chip away at the looming mountain of uncertainty, you get put on the spot to provide a cost or schedule estimate by your project sponsor or some other stakeholder.

What Is Risk?

Herding Cats

Risk is the effect of uncertainty of objectives. In the context of risk management, uncertainty exists whenever the knowledge or understanding of an event, consequence, or likelihood is inadequate or incomplete ? ISO 31000:2009, ISO 17666:2016 and ISO 11231:2010 Risk is Uncertainty that Matters. Risk can be the potential consequence of a specific outcome that affects the system's ability to meet cost, schedule, and/or technical objectives.

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.

2007 42

Lessons in agility from wine tasting…

Kiron Bondale

After enjoying a glass of their 2010 Reserve Meritage I came to the conclusion that wine tasting and agile have more in common than you might think. Tagged: agile project management , improving project management , Process compliance stupidity.

Agile 182

The 7 Habits of Successful Project Managers

ProjectManager.com

But what habits apply specifically to successful project managers? So, habits amplify how effective you can be and, therefore, how successful your project management practices are. Following the Project Process. Let’s not get into which project process.

2018 425

Conducting Project Management Interviews

Arras People

We recently put together a top five list of project management interview questions after speaking with some of our clients. The questions below are generic open questions that can be asked regardless of the project management role being recruited for.

2016 311

4 Things the Project Manager Should Expect of Senior Management

Brad Egeland

Project managers are used to working fairly solo. If you have a PMO of, say, 15 project managers who are each running, on average, 5 projects then that’s 75 projects that may be going on at any given time in the organization.

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. Project Performance Management.

2003 59

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 IS A BUSINESS DELIVERY SYSTEM.

10 Project Management Hacks Every Project Manager Should Know

The Squad Report

As project managers, we’ve all had a taste of at least one project gone awry. A KPMG survey of 100 businesses reported 70% of organizations faced at least one project failure in the year 2010 alone. And the best way to do that is by using a project management tool.

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).

2003 45

Misunderstanding Making Decisions in the Presence of Uncertainty

Herding Cats

This quote demonstrates a lack of understanding of making decisions in the presence of uncertainty and the processes and events that create uncertainty. There is naturally occurring variability from uncontrolled processes. Aleatory uncertainty is expressed as a process variability.

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

ProjectManager.com

Some of the disadvantages include the risk to security and the potential of unauthorized access to data. The service simplifies the process to make case preparation often take half the time it would on paper. Project Management The Project Manager Blog

Free Templates to Get You Started Managing Projects with Sharepoint and Office 365

Brad Egeland

One platform that I love for project management is Microsoft SharePoint. ​ Free Download: Two Project Management Templates for SharePoint and Office 365 But for many organizations, getting SharePoint set up for project management is not that simple.

2016 137

Zombie Projects and How to Kill Them

Girl's Guide to PM

One of the first things that project managers learn on training courses is that a project has a start, a middle and an end. Zombie PM is a term I came up with in 2010 when I put together a project management alphabet. have poor management.

2019 265

Managing in Presence of Uncertainty

Herding Cats

Let's say you're the project or program manager of a large complex system. The uncertainty is always there, it doesn't go away with specific actions in specific domains, or with the use of any tools, processes, or practices. Risk Management is How Adults Manage Projects - Tim Lister.

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

nTask

We did an extensive analysis of various factors that influence waterfall project management. This helped us to simplify how nTask project management software can be used for solving such issues. Waterfall is a popular SDLC project management model. We have gone an extra mile to illustrate various real life use cases and examples where waterfall is implemented, and how one can use nTask to further simplify that process – so on and so forth. Ability to take risks.

Complete Collection of Project Management Statistics 2015

Wrike

Need up-to-date facts and figures for a project management report, article, or infographic? Browse this collection of project management statistics collected from studies and reports from the past five years. Benefits of Project Management. —1A. Agile Project Management.

2015 61

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 - 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

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

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

MPUG

Please find below a transcription of the audio portion of Tad Haas’ How Innovation & Portfolio Management Office Underpins Corporate Success webinar being provided by MPUG for the convenience of our members. Kyle: Hello everyone, and welcome to today’s MPUG webinar, How Innovation & Portfolio Management Office Underpins Corporate Success. With over 20 years in both product and project management, Tad is a passionate technology evangelist and experienced change agent.

Why Johnny Can't Do The Math

Herding Cats

In software development, those managing the project have some understanding the market forces (from their marketing departments), the technology (from their engineering department), and how to manage in the presence of Aleatory and Epistemic risk (the managers running a successful firm).

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

Principle Based Management

Herding Cats

In that simple statement is the key to Principle Based Management of Other People’s money. †. The second school of thought involves “principle-based leadership/management”—that is, trusting people in leadership positions to make good decisions even without a rule to hide behind. Developing principle-based management processes doesn’t start with individuals. For example: In R ules Based Management , responsibility is usually the avoidance of some outcome.

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.

2012 54

FedEx Project Manager Profile: Leigh Espy

Project Management Hacks

Leigh Espy, FedEx Project Manager. What is like to work as a project manager? In today’s article, you will hear directly from Leigh Espy about her journey into project management success at FedEx. In 2003, I managed a project to set up a new customer at my company’s data center.

2016 58

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

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. December 2010.

Webinar Recap: Agile Series Part 1 – Understanding & Incorporating Agile Project Management

MPUG

Kyle: Hello everyone and welcome to today’s MPUG training series, part one, Understanding and Incorporating Agile Project Management. He’s an accomplished speaker, consultant and educator supporting the project management community for over 25 years. And as you know with even technology and the improvement of what we’re doing in our mobile devices, we’re seeing a massive change in the way that work is being done for the project management community today.

Decision Analysis - Ordinal and Cardinal Measures

Herding Cats

This method is the Analytic Hierarchy Process (AHP). Brown and his book The Handbooks of Program Management: How to Facilitate Project Success with Optimal Program Management and my review of the same book. Risk assessment can be made with Ordinal value as well.

2018 53

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. Estimating Software-Intensive Systems: Projects, Products, and Processes , Richard Stutzke, Addison-Wesley, 2005. Practices for Scaling Lean & Agile Development: Large, Multisite, and Offshore Product Development with Large-Scale Scrum , Craig Larman and Bas Vodde, Addison Wesley, 2010. IT Risk Management.