article thumbnail

Scheduling and Cost Control in a Complex Environment

Strategy Execution | PMO Perspectives

And FEL does not begin at the start of the project, rather it begins much earlier with a rigorous business case, containing a thorough analysis of options, project costs and of the benefits to be realised. Strategy Must Be Aligned with Work Through Portfolio Management. Download our course catalogue to learn more. [1]

article thumbnail

Risk Management Resources

Herding Cats

Information about key project cost, (technical) performance, and schedule attributes is often uncertain or unknown until late in the program. This blog page is dedicated to the resources used to assess risks, their impacts, and handling strategies for software-intensive systems using traditional and agile development methods.

Insiders

Sign Up for our Newsletter

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

article thumbnail

A Compendium of Risk Management Resources

Herding Cats

Let's start with a critical understanding of the purpose of managing risk on software development projects. Information about key project cost, (technical) performance and schedule attributes is often uncertain or unknown until late in the program. The Chaos & Complexity of Mega Projects,” Michael Bensussen, PM.2128,

article thumbnail

Compendium of Works to Increase Probability of Project Success

Herding Cats

Cost, Schedule, and Technical Performance Management (#CSTPM). Strategy (#Strategy). Journal Papers, White Papers, and Essays on Project Success (#Papers). Project Success Assessment - A checklist for assessing the processes for project success. Product Development (#ProdDev). Balanced Scorecard (#BSC).

article thumbnail

Microeconomics and Risk Management in Decision Making for Software Development

Herding Cats

A recent survey of 600 firms indicated that 35% of them had at least one "runaway' software project. Research clearly shows the root causes of most software projects cost and schedule overruns and technical shortfalls comes from poor risk management. Thesis, University of Manchester, 2014. and Dutta, P., Alleman, G.

article thumbnail

DDSTOP The Saga Continues

Herding Cats

1] "Systems Engineering Strategies for Uncertainty and Complexity," MITRE Corporation, Systems Engineering Guide. [2] 2] "A Guide to Deal with Uncertainties in Software Project Management," International Journal of Computer Science & Information Technology (IJCSIT), Vol. 6, No 5, October 2014. [3] Peierl February 1960.

article thumbnail

DDSTOP The Saga Continues

Herding Cats

Judgment from experience requires repeatability (experts work best in Complicated or Ordered cynefin domains) The moment you have little-to-no repeatability experts are at best useless, adaptability is a better survival strategy. Princeton University Press, July 21, 2014. [4] Plans are Strategies. Strategies are Hypotheses.