article thumbnail

15 Powerful Benefits of Project Management

Project Bliss

Many organizations don’t fully understand the benefits of project management. This article was originally published on September 30, 2016, and has been updated. Can you easily explain the value you provide to an organization as a project manager? Budget and Cost Management . Change Management.

article thumbnail

Managing Project Assumptions and Risks

The IIL Blog

For example, the projects must be delivered by a certain date. For example, IF the project costs more than planned, THEN there are multiple potential impacts. In 2016, Alan founded Project Management Essentials to share his passion for and experience in project management, leadership, and Agile.

Insiders

Sign Up for our Newsletter

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

article thumbnail

2020 Challenges and Trends in Construction

Epicflow Blog

Many of you have heard about a $140,000 3D printed house in China in 2016 and probably read the news about the popularity of this approach for constructing buildings in Dubai. Besides, it also reduces the lead time, costs, and resolves the problem with the workforce shortage. Building Information Modelling.

article thumbnail

Software Estimating Resources

Herding Cats

Minku and Xin Yao, Automated Software Engineering, 28 December 2016. “SW SW Cost Estimation: Measuring Model Performance of Arbitrary Function Approximators,” Erik Stensrud, Ingunn Myrtveit, Discussion Paper 5/2002, Handelshøyskolen, Norwegian Business School, BI Open Archive. Ramakishore, IEEE Computer, 2016. 8, September?October

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. Planning, Tracking, and Reducing Complex Project’s Value at Risk,” Tyson R. The Chaos & Complexity of Mega Projects,” Michael Bensussen, PM.2128, Maxime Le Bras, “Large?Scale

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 Wayne State University, 2016. Becerril, L., and Lindemann, U.,

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. Planning, Tracking, and Reducing Complex Project’s Value at Risk,” Tyson R.