How to Keep Your Projects On-Time and On-Budget

Arras People

And now more than ever, projects that are over budget, behind schedule or are not delivering the value originally promised are in jeopardy of being cancelled. companies and government agencies an estimated $145 billion per year!

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Kingspan Insulation Enables Growth with Successful Product Portfolio Governance

Arras People

If your organisation does not have effective product portfolio governance, growth can quickly become overwhelming and lead you into making inaccurate decisions. The post Kingspan Insulation Enables Growth with Successful Product Portfolio Governance appeared first on arraspeople.

Kingspan Insulation Enables Growth with Successful Product Portfolio Governance

Arras People

If your organisation does not have effective product portfolio governance, growth can quickly become overwhelming and lead you into making inaccurate decisions. Growth is a good thing. Right? It means your business is doing well, reaching new customers, obtaining greater market share.

2017 Project Management Trends To Watch

Girl's Guide to PM

This year I’m looking forward into 2017 to highlight some of the project management trends I think it is worth watching out for. The introduction of the apprenticeship levy in the UK next year may well have a significant impact on training budgets even in mid-sized firms.

2017 308

Your Basic Guide to IT Project Governance Framework

Project-Management.pm

IT project governance framework has since been the answer to this equation, but people seemed not to fully grasp its function. This article tackles the importance and significance of IT Project Governance Framework and its impact on the projects in the organization. Project governance is crucial component of every project since the responsibilities that come with it are interconnected with different business cases, as well as the project’s overall success.

7 Realistic Ways to Up Your Project Budget Management Skills

Function Point

7 Realistic Ways to Up Your Project Budget Management Skills. Having strong project budget management skills is crucial to the success of any agency. Getting to know your project stakeholders’ needs and goals is the foundation for strong budget management.

Are your project management success rates improving?

Ron Rosenhead

For the first time in the last five years of this research, we see that more projects are meeting original goals and being completed within budget.”. The report concludes that: “The path to increased progress is still very important and should, as outlined by our 2017 findings, includes”.

2017 198

How to Develop a Strong Governance Process with These 6 Tips ?

Project-Management.pm

The two governance processes should be implemented constantly to keep track of the scope creeps, risks , opportunities, and also safeguard the following resources from running out. To stay within deadline means having a governance process that everyone will adhere to. Building up a governance process may be a little intimidating, especially if you don’t organize your project outline properly. Cet article How to Develop a Strong Governance Process with These 6 Tips ?

Project managers, just say no!

Ron Rosenhead

There is a huge demand from senior managers and stakeholder and clients to deliver quicker, with the same level of quality and of course, on budget! project management governance project management project scope risk management saying no stakeholders

2017 273

How are projects approved in your company?

Ron Rosenhead

Stopping would release valuable resources and budget for higher priority projects. I see this group as part of the overall governance process ensuring the strategic challenges will be met with a clearly focussed list of projects to be delivered.

2017 201

7 goals every project manager should aspire to achieve

Moira Alexander

You may think the chief responsibility of a project manager is to deliver projects on time and on budget, but you’d be wrong. During last year’s Gartner PPM & IT Governance Summit, the research firm identified seven best practices for an effective PMO. As a high-level strategic body, project management professionals first and foremost help drive, guide and execute company-identified value-added goals.

2017 298

Securing The Houses of Parliament for Future Generations

Arras People

The cost of both moves falls under the £3.5bn budget. There are a number of safety concerns over the current systems with the Palace facing a number of safety issues such as: Seven fires in the first 11 months of 2017 (a 24-hour fire patrol is currently needed).

2025 170

The 30 Most Popular Project Management Articles from 2017

MavenLink

So where did many of the business and technology executives and professionals frequent to find the top content of 2017? Project management: 7 steps to on-time, on-budget, goal-based delivery (CIO). Top 11 project management certifications for 2017 (CIO).

2017 64

What is the Program Management Improvement and Accountability Act?

Moira Alexander

PMI's Pulse of the Profession report shows "only 64 percent of government strategic initiatives ever meet their goals and business intent -- and that government entities waste $101 million for every $1 billion spent on project and programs.". How does this bill impact PM practices within the federal government? The PMIAA bill impacts all areas of the government with the exception of the Department of Defense (DOD). How does this impact government agencies?

2017 223

What Can a Project Manager Do Next? The Project Manager Career Ladder

Project Bliss

The Portfolio Manager may also establish portfolio governance standards and procedures for approvals, reporting and other needs. You’d also oversee budgeting and work with Finance and stakeholders to determine budget forecasts and projections for the year.

2017 258

The Risk Management Plan

Project Risk Coach

Standard categories include schedule, scope, quality, and budget. Companies with strong risk governance may require that you use a standard set of risk categories.). Most of your project problems can be avoided or greatly reduced through risk management.

Risk 238

How to connect business strategy with project management

Moira Alexander

The second component is leveraging a rigorous portfolio and project management governance process. Creating the right business-aligned IT strategy and roadmap during the integration of Lutheran Hospital with NYU Langone Medical Center allowed his organization's entire implementation to be completed on target and within budget within 18 months, Srinivasan says.

Project Manager Roles and Responsibilities: What does a PM Really Do?

Project Bliss

Creating the budget. As you identify all the resources you need for your project, you’ll be able to create the project budget. This post provides instructions and a template for creating a project budget.

2017 256

Taxing Times for Project Management Practitioners in the Public Sector

Arras People

The recent introduction of the updated Off-Payroll Workers (IR35) legislation for the Public sector which became law on the 6 th April 2017 has caused much consternation for many project management practitioners involved in the supply of day rate labour.

2017 177

How to Talk About Estimates

Herding Cats

If I'm risking two weeks of work for the Scrum team of 5 people it's a much different need from the risk of a $10B manned spaceflight program being supported to congress for budget authorization. . What is an estimate?

The #1 Challenge in Project Management (According to the Experts)

MavenLink

The first step was to join forces with Aberdeen to release the recent report, “ 2017 Project Management Software Trends. Projects need to be selected based on resource availability and budgets. Managing expectations about budgets and schedule.

2017 96

Agile Project Management Methods

Herding Cats

They have not to exceed budgets , they have emerging requirements built on baselined Capabilities. There is a lot of unsubstantiated claims going around about how agile should or should not be applied. How estimates are or are not needed. How the team should or should not be managed.

Agile 49

Your Ultimate Guide To Portfolio Management Tools

Project-Management.pm

Projects need to be taken care of in order to prevent budget overshooting, resource shortage, and disorganized schedule. It also means managing project inventory, human resource, technologies, and budget. Financial Governance. Portfolio management tools ensure that such change requests are gathered and contained to prevent further issues in the project such as overshooting budgets and delayed timeframe. Portfolio Governance Management.

2017 105

4 Fallacious Reasons to Estimate and Why Those Are Fallacious

Herding Cats

This is a recurring theme of #NoEstimates it's a waste to me the developer, I'd rather be coding , I'm not good at estimating , I see no value in my making estimating when you're just going to use them against me when I'm late and over budget.

Fallacy of the Day

Herding Cats

Without the desired delivery date, target budget, and expected capabilities, a control system is of little interest to those providing the money at the business level. It is a Fallacy that an On Budget, On Schedule, On Specification product or service can be produced with Open Loop Control.

Understanding the Roles of the Project Portfolio Manager

Project-Management.pm

It is at the very top of the governance hierarchy; each process involved in a project consists of management. You have your project managers who oversee the projects and team, a program manager who governs the existing projects and receives progress reports from the project manager, and the project portfolio manager who compiles accurate data and organizes projects into a single portfolio. Overseeing governance processes and meetings. Portfolio Governance Management.

2017 94

GAO Cost Estimating and Assessment Guide Applied to Agile

Herding Cats

You're late and over budget before you start, and have lowered the probability of technical success. Agile Capabilities Decision Making Estimating Governance Management Performance-Based Project Management® Project Management Requirements Risk Root Cause Analysis Scheduling

Five Immutable Principles of Project Success

Herding Cats

Show up over budget for the ERP, the ROI we told the Board of Director is now wrong. No matter the size of the project. No matter the project domain. No matter the engineering processes used to produce the outcomes from the project. There are Five Immutable Principles of project success.

Risk Management in Five Easy Pieces, with Apologies to Jack

Herding Cats

NoEstimates Capabilities Decision Making Estimating Governance Management Performance-Based Project Management® Planning Principles Project Management Requirements Risk Scheduling Technical Performance Measures

Risk 48

The 10 Project Portfolio Management KPI To Adopt

Project-Management.pm

The projects rate of success of failure is measured in varied factors such as time, budget, and fulfilling requirements through proper result delivery. Budget Variance. The following process is computed or estimated via budgeted task cost, actual task cost, and earned value. Portfolio Governance Management. Metrics are convenient and easy to use.

2017 95

How to Achieve Results Through Implementing PMO?

Project-Management.pm

Various government agencies have been the successful producing result for the past years, thanks, to adhering to mandatory policies. However, the survey shows that not all government agencies are living up to their expectations being set on them; some are behind on schedule when it comes to projects and has a hard time to even achieve their objectives because of that. The plan includes the following resources to use, budget, and staffing.

Concept of Operations

Herding Cats

Office of Management and Budget, December 5, 1994, Operational Concept Description (OCD) , Data Item Description DI-IPSC-81430. Architecture Capabilities Decision Making Earned Value Estimating Governance Management Planning Principles Project Management Requirements Scheduling

The Magic 7 Project Portfolio Management Process Steps

Project-Management.pm

Measuring the budget allocation is the easier way to estimate the pipeline. For instance, if the organization has decided to funnel certain cost to a particular project in the next year or so, that project’s budget will then be estimated, provided that they are successful. Portfolio Governance Management.

#Noestimates Has Come to This

Herding Cats

Who's Budget is it Anyway? NoEstimates Capabilities Decision Making Economics Estimating Governance Logical Fallacies Management Performance-Based Project Management® PlanningThis is a chart from an agile conference where #Noestimates was a topic.

Risk 43

All Ideas Must Be Critically Examined

Herding Cats

When the project shows up late, over budget, and doesn't deliver the needed business capabilities, it's likely to have a de minimis impact on the business. NoEstimates Debunking Decision Making Economics Estimating Governance Management

10 Project Portfolio Management Benefits You Need To Know

Project-Management.pm

Risks in project portfolio management come in various forms : governance, resource management, and financial. Once that you execute it, portfolio management will help you determine which projects should be let go due to resource constraints or insufficient budgets. A clearer understanding of project portfolio management will help you comprehend its benefits that contribute to an organization.

2017 94

Cone of Uncertainty

Herding Cats

When you hear I have data that shows the uncertainty doesn't reduce , then that project is out of control and will be late, over budget, and likely not perform to the needed effectiveness and performance parameters. Estimating Governance Management Planning Risk Root Cause Analysis

Misinterpretations of the Cone of Uncertainty

Herding Cats

If the parameter of interest is not being reduced as needed, go find out why and fix it, or you'll be late, over budget, and the technical outcome unacceptable.

How To Secure Your PMO Profitability?

Project-Management.pm

PMO Profitability Problem #2: The PMO is a progeny of one or multiple executives who prefer to set visibility through governance, but not looking forward to long-term change. Cost estimates: Pinpointing whether the final budget is approximate to the initial or proposed budget. If it’s not, then you might have overshoot your budget altogether.

2017 78

Quote of the Day

Herding Cats

Or plan on being late, over budget, and reduced probability of technical success, before you start. NoEstimates Estimating Governance Management Performance-Based Project Management® Planning QuotesBetter have a plan to reduce technical and programmatic uncertainty (both of which have aleatory and epistemic behaviours respectively) at a planned rate, for a planned cost, on a planned time.

Cone of Uncertainty - Part Cinq

Herding Cats

NoEstimates Estimating Governance Management Planning Risk Root Cause AnalysisThe notion of the Cone of Uncertainty has been around for awhile. Barry Boehm's work in “Software Engineering Economics”. Prentice-Hall, 1981.

2007 43

Why You Need to Project Portfolio Management Software Right Now ?

Project-Management.pm

They also make tasks easier and enable users to save budget and schedule, all the while delivering the product or service within the deadline. Portfolio Governance Management. Software tools and metrics play a big role in improving a project. They are crucial attachments to a company’s success. Speaking of software, there are thousands of them cropping up in the market, catering to various needs of an organization.

2017 76

Concept of Operations

Herding Cats

For any non-trivial project, we have a planned release date for the needed Capabilities, for a needed budget. Agile Architecture Decision Making Governance Principles Project Management Systems TheoryOne of the root causes of project failure is the failure to apply the first principle of the five principles of project success. What does done look like in units of measure meaningful to the decision maker? Those units must include Measures of Effectiveness and Measures of Performance.

2014 35