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 208

Clarizen as an alternative to MS Project

Clarizen

People need a solution that will solve the whole gamut of activities that they need to plan, execute and monitor, including project management, time tracking, change management, risk management and others. One of the things we asked ourselves when we founded Clarizen is why was MS Project so popular and so commonly used? The answer is simple; it’s available, affordable, and includes a very necessary set of Project Management features.

2010 60

The risks of road rage on your project

Guerrilla Project Management

As Project Managers, we have to remember that our number one priority is to create an environment where our team members can do their great work and feel safe to speak up and express their ideas, no matter how silly or contrarian others might find them. We all know that bullying and intimidation take place. Leadership

2010 40

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 51

What software projects and battlefields have in common

Guerrilla Project Management

He wrote: While I don’t mean to in any way belittle the heroic efforts and significant risk to those in real battlefield situations; software, particularly large complex solutions, required. Stephen Cohen wrote a wonderful blog post on 10 analogies for managing software projects. One analogy that really resonated with me is # 7 “Battlefield management”.

2010 40

Observations from Computerworld's Premier 100 Conference

Knowledgeline

This is not to say they want failure on major projects, 'cheap' meaning that it be low in both cost and risk. It was quite a wake up call to attend a conference outside of legal and I was certainly woken up on several occasions at the Premier 100 conference put on by Computerworld Magazine. When you're in the same room with companies that have an IT budget that exceeds (gulp) 1 billion dollars, I knew I wasn't in Kansas anymore.

2010 43

Estimating the Risk

Herding Cats

Risk is everywhere on projects. This risk comes from two types of uncertainty. The idea of risk and its management and handling is a critical success factor for all software development. One of the most rigorous theorems of economics [1] proves that the existing means of production yields greater economic performance only through greater uncertainty that is, through greater risk. Without these estimates, there is no risk management. NoEstimates 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. Now To Risk Management. Risk is the effect of uncertainty of objectives. occurrence, or recurrence of the cause of the risk.

2007 42

No more initial estimates? NOOOOOOOOOOO!

Kiron Bondale

If only we had the confidence of Dilbert in Scott Adams’ 2010 cartoon below to stick to what we know is right! Tagged: communications , improving project management , Process compliance stupidity , Project scheduling , Risk management , Stakeholder analysis , Valuable projects.

A Compendium of Works to Increase the Probability of Project Success

Herding Cats

Business, Technical, Systems, Risk, and Project Management. Applying Deliverables Based Planning ® To Increase Our Probability of Success , PMI Fort Worth, Chapter Meeting, 15 July 2010. Risk Management. Managing in the Presence of Uncertainty and Resulting Risk.

2019 59

Compendium of Works to Increase Probability of Project Success

Herding Cats

Business, Technical, Systems, Risk, and Project Management Briefings and Presentations. Risk Management (#RM). Business, Technical, Systems, Risk, and Project Management. But in fact, risk management is part of the other 4 principles as well. Risk Management .

2019 43

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. Constantly working their risk register.

2018 422

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. April, 2010.

2003 53

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. By 2010, they needed to find a solution that worked and saved them costs, so they could remain profitable. Everybody’s head is in the cloud nowadays.

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

Brad Egeland

BrightWork provides two free project management templates for Office 365 and SharePoint 2016, 2013, or 2010 , for a quick and easy way to get started managing projects with SharePoint. One platform that I love for project management is Microsoft SharePoint.

2016 124

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.

Agile 176

Why Business Analysts Become More Necessary in 2018

Brad Egeland

In my view, gone are the days when an organization should take the risks with having both key roles handled by one individual or even including the tech lead role combined into that one super human entity. That was 2000 or perhaps even 2010.

2018 95

4 Awesome Teamwork Examples for Agile Teams

nTask

Example #2: Broderick Brown – Oklahoma State Football Game 2010. Situation: During a 2010 Oklahoma-Oklahoma State football game, when Landry Jones threw the ball towards an open space, he was not ready for what was coming up next.

2019 91

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).

2007 43

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. This is the basis of a risk tolerant plan.

2007 43

Cone of Uncertainty - Revisited

Herding Cats

One chapter on the Principles of Risk Management and the second chapter on the Practices of Risk Management. Since reducible and irreducible uncertainties create risk, those uncertainties need to be reduced as the project proceeds for the probability of project success to increase.

2012 37

Are You A Workplace Bully?

Girl's Guide to PM

Do you really understand the risks of leading with bullying tactics? The Risks of Being A Workplace Bully. Do you really understand the risks of leading with bullying tactics?

2016 266

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. This is the basis of a risk tolerant plan.

2007 36

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.

2007 41

Conducting Project Management Interviews

Arras People

Expect answers which include mention of; situation analysis; success criteria; stakeholder and sponsor management; change management; re-establishing baselines; risk management; communications and relationship management; conflict management; negotiation and influence.

2016 311

Are You A Workplace Bully?

Girl's Guide to PM

Do you really understand the risks of leading with bullying tactics? The Risks of Being A Workplace Bully. Do you really understand the risks of leading with bullying tactics?

2016 195

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

The IIL Blog

Innovation requires: An acceptance of significant risk, more so than in traditional project management. The situation gets even worse when companies try to use traditional project management for business processes such as business model innovation, where you have the greatest degree of risk and uncertainty, where traditional risk management planning will not work, and where a great deal of flexibility is needed for decision making. 2010). By Harold Kerzner, Ph.D.

Reading List for the Cone of Uncertainty

Herding Cats

IT Risk Management. The Cone of Uncertainty is a useful approach to defining the expected range of uncertainty at specific stages in a project.

2012 55

The 5 Best Free Smartsheet Alternatives of 2019

nTask

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. Issues and risks management. Issues and Risks management to tackle their occurrence likelihood.

2019 78

Decision Analysis - Ordinal and Cardinal Measures

Herding Cats

Using this method, the performance, cost, time, and risks of alternatives can be articulated as ratios that can then be compared with one another. This decision model for software development projects addressed: performance, cost, time, and risk.

2010 54

What are the 4 Stages of the Product Life Cycle?

Teamweek

Although the growth phase represents progress, it still has risks for the newly launched product. Example: When the Microsoft tablet computer appeared in 2000, it sparked an interest that Apple capitalized on when it released its first iPad in 2010.

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. 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. The estimating of software development is both straightforward and complex.

Managing in Presence of Uncertainty

Herding Cats

This is an immutable principle that impacts planning, execution, performance measures, decision making, risk, budgeting, and overall business and technical management of the project and the business funding the project no matter the domain, context, technology or any methods.

2010 59

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.” In an article for Quartz , Oliver Staley claims that this increase in age, is likely due to the Dodd-Frank act of 2010.

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. IT Risk Management.

2007 42

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.

Becoming An Effective Leader In Government & Beyond: An Interview With Steve Ressler, Founder of GovLoop

Project Management Hacks

He is a 2015 Presidential Leadership Scholar, has won the 2010 GovTech Top 25 Doers, Dreamers, and Drivers Award, as well as the 2007 and 2009 Federal 100 Award. not taking enough risk). Have you ever considered the public sector and government for your next career move?

Monte Carlo Simulation

Herding Cats

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. Harrison, AIP Conference Proceedings , January 5, 2010, 1204, pp.

2010 51

FedEx Project Manager Profile: Leigh Espy

Project Management Hacks

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 58

7 Ways To Be A Team Player

Project Management Hacks

In 2010, Scientific American reported research showing that eyewitness testimony is often highly flawed. Otherwise, much of the value generated in the meeting is at risk. Image Credit: Pixabay.com.

2016 43