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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. Download our course catalogue to learn more. [1] This post first appeared on PMO Perspectives Blog.

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Simplifying Procurement in Project Management

Project Pulse Journal

Cost Plus Incentive Fee (CPIF) : In this cost reimbursement contract, the supplier earns an additional fee if they meet or exceed performance targets, promoting cost efficiency and aligning with project cost management goals. References Project Management Institute. Project Management (2 nd ed.).

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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. A Risk Management Methodology for Project Risk Dependencies,” Tak Wah Kwan and Hareton K.N., The Chaos & Complexity of Mega Projects,” Michael Bensussen, PM.2128, 1, March 2014.

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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,

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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.

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Software Estimating Resources

Herding Cats

Benchmarking Effort Estimation Models Using Archetypal Analysis,” Nikolaos Mittas, Vagia Karpenisi, and Lefteris Angelis, ACM PROMIS ’14, September 17, 2014. A Project–Product Model-Based Approach to Planning Work Breakdown Structures of Complex System Projects,” A. Dori, IEEE Systems Journal, January 2014. “A

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Estimating is a Learned Skill

Herding Cats

The Business of Software Estimation Is Not Evil: Reconciling agile approaches and project estimates,” Phillip G. Armour, Communications of the ACM , January 2014, Vol. What We Do and Don’t Know about Software Development Effort Estimation,” Magne Jørgensen, IEEE Software, March / April 2014. “A Kirkeboen, G., &