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What is A System for Value Delivery in Project Management

Project Pulse Journal

Functions Associated with Projects A system for value delivery encompasses a range of knowledge areas associated with the project lifecycle, including initiating, planning, executing, and closing (PMBOK, 2017). Organizations can optimize project performance and outcomes by integrating these functions into a cohesive framework.

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Microeconomics and Risk Management in Decision Making for Software Development

Herding Cats

Research clearly shows the root causes of most software projects cost and schedule overruns and technical shortfalls comes from poor risk management. Risk can be the potential consequence of a specific outcome that affects the system’s ability to meet cost, schedule, and/or technical objectives. Epistemic uncertainty ?

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Fighting Uncertainty in Organizations, Including Matrix Ones

Epicflow Blog

Practically it means that when a planned task is delayed due to uncertainty, the delay is not compensated by other tasks finishing early. For example, a project estimated at 100 work hours might include a 20-hour time buffer for contingencies like absences or technical issues. 5] Once in Red, Always in Red , Albert Ponsteen (2017). [6]

2016 52
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Why Johnny Can't Do The Math

Herding Cats

In a previous post, Why Johnny Can't Estimate , mentioned some resources for estimating, the principles of business and technical management that demand estimates be made to make decisions, and background on the sources of uncertainty, that create risk, that require estimating to increase the probability of project success. References . [1]

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Fighting Uncertainty in Organizations, Including Matrix Ones

Epicflow Blog

Practically it means that when a planned task is delayed due to uncertainty, the delay is not compensated by other tasks finishing early. For example, a project estimated at 100 work hours might include a 20-hour time buffer for contingencies like absences or technical issues. 5] Once in Red, Always in Red , Albert Ponsteen (2017). [6]

2016 52