article thumbnail

What is Project Management

MPUG

Irrespective of the nature, size, or complexity of a project, all projects need careful planning, organization, implementation, and monitoring. Without such, projects can either fail or become challenged. In order to deliver successful projects, one needs to implement various processes and follow best practices.

article thumbnail

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. All project work has uncertainty. Uncertainty comes from the lack of precision and accuracy about the possible values of a measurement of a project attribute.

2003 46
Insiders

Sign Up for our Newsletter

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

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. A Risk Management Methodology for Project Risk Dependencies,” Tak Wah Kwan and Hareton K.N., Michael, International Journal of Project Management , 19, pp. 4, February 24, 2015.

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. Michael, International Journal of Project Management , 19, pp. 24, 2010.

article thumbnail

Estimates, Forecasts, Projections

Herding Cats

These forecasts usually come from models of the process being forecast. Not so typical to Forecast the cost of a project or forecast the delivery date. Forecasts are based on estimating the processes that produce the forecast. Project cost, schedule, and technical performance Estimates. Revenue growth.

article thumbnail

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). Business, Technical, Systems, Risk, and Project Management. Management Processes. Planning and Scheduling (#PS).

article thumbnail

Episode 195 – Estimate This: Managing Project Estimation

Velociteach

04:46 … Factors in a Project Estimate 06:26 … Ensuring Accurate Estimates 08:30 … Experience and Experiment 10:26 … Choosing the Best Approach 11:41 … Estimating Tools 12:38 … The Problem with Culture 14:27 … Who Participates in the Estimating Process? What kind of things do we need to estimate on a project?