Musings on Project Management

Agile means.

Musings on Project Management

Agile means: ‘Agile’ means small teams, working collectively and collaboratively, with this mission: To deliver frequent, incremental releases of innovative functions and features, prioritized for need and affordability;Evolved iteratively from a vision according to user reflection and feedback; And produced at the best possible value.(*) Agile ideas to keep in mind Requirements are too. agile

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The Principle of Calculated Risk

Musings on Project Management

"In carrying out the task assigned. you will be governed by the principle of calculated risk. which you shall interpret as avoidance of [risk] exposure. without good prospect. as a result of such exposure. of greater [benefit]" (*)Admiral Chester Nimitz to his subordinate admirals, Battle of Midway, June, 1942"You will be governed by the principle of calculated risk"What does. Risk Management

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Counter-party risk

Musings on Project Management

Define counter-party: In a transactional relationship, the other party to -- or participating in -- the transaction is your counter-party. In project situations, there are usually many counter-party transactional arrangements, such as contractors and suppliers with transactional relationships. And within the business there may be transactional relationships among business units and the PMO. Oh business analysis contract Risk Management

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Big words in risk management

Musings on Project Management

Sometimes, people use big words and I have to pause and look them up -- using an online dictionary, of course. Here's three of the biggies from the domain of risk management which are explained below with some examples: Knowledge errors and omissions: There's a project event coming up. The circumstances and factors for success are not really random. it's the knowledge base for the assumptions. Risk Management

2021 163

What is Contextual Analytics? The Next Evolution of Embedded Analytics

Download this white paper to learn what contextual analytics is, how BI platforms like Yellowfin revolutionize the way users discover insights from their data with native contextual analytics, and how it adds value to your software solution by elevating the user experience.

Plan v Objective

Musings on Project Management

"In war [projects] nothing goes according to plan, but always remember your objective" Israeli generalGood advice. And, of course, your objective always is -- or always should be: Apply your resources to maximize their value added while taking the least risk to do so.But our general's admonition begs the question: Is "nothing goes according to plan" the same as there's "no value in planning"? And Bayes estimate planning Project Management Project Value

Assessing risk

Musings on Project Management

Most of us -- that is, all but the few formally trained in risk assessment -- really suck at risk assessment, a necessary first step toward managing risk. Why so? Bias, for one thing. Confirmation bias being a biggie: we all want confirmation that our thinking, experiences, and instincts are right for the situation we find ourselves in. But, of course, we know objectively, even if not. Risk Management

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Sequential vs Cumulative

Musings on Project Management

I'm a sequentialist.When planning a project, I think first about how to sequence the scope: do this first, then that. Or, do these things in parallel, followed by this or that.MS Project, and similar tools, are the sequentialists go-to tool for planning sequences and establishing the sequential order of the project. Not so fast!What What about cumulative, non-sequential, scope and effects?For For these, human factors planning Project Management

2020 163

A very short course in PM

Musings on Project Management

Take a look at this slideshare.net presentation for a very short course in project management Five tools for managing projects from John Goodpasture. Buy them at any online book retailer! Project Management

2021 163

Eggs-to-basket ratio

Musings on Project Management

The oldest advice in risk management is this little ditty: "Don't put all your eggs in one basket" It's obvious on its face: if you drop the one basket, you may lose all the eggs in just one accident. Why not carry two baskets, or three, or four, or how many. ? Well, what we're talking about here is diversifying the risk, and making the situation less fragile: that is more able to absorb. Risk Management

2021 163

How to Measure DevSecOps Progress and Ensure Success

Speaker: Shannon Lietz, Director of DevSecOps Team, Intuit

The new DevSecOps team is up and running, and you feel ready to take on rising security threats while delivering quality software updates. But that leaves just one question: how do you monitor your new program as effectively and efficiently as possible? Join Shannon Lietz, Director of DevsecOps at Intuit, and award-winning innovator, to learn the answers to these questions so you can lead your DevSecOps team to the top!

Risk management: what's to know?

Musings on Project Management

If you only know one thing about Risk Management, know this: Schedule slack is your most powerful tool Poorly developed instincts and skills in the use of this most powerful tool are leading causes of poor risk management If you are a Systems person a strategic thinker; an integrator; a "it all has to work" person -- you'll translate schedule slack into to "loose coupling" Loose. Risk Management system engineering

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The V&V thing.

Musings on Project Management

Have you thought much about this? Two of the conceptual conundrums of the hybrid agile-conventional methodology are: How do you verify that which is incomplete and. How do you validate the efficacy of that which is yet to be conceived? Verification and validation (V-and-V) are traditionally held to be very important project practices that to some may be difficult to map directly into the. agile Quality

2020 163

The Economics of Strategy

Musings on Project Management

A good blog read on this topic -- the Economics of Strategy -- is found at herdingcatswritten by Glen Alleman. In his posting, Alleman makes a couple of important points:There are many tactical actions that can be taken within a project -- like attention to risk management -- that ultimately have strategic outcomes for the business: enhanced profit on the income statement, sustainable free cash. customer Project Management Project Value

Velocity!!

Musings on Project Management

"At every turn, leaders chose velocity and production over efficiency, thrift, safety, and even prudence" Ian Toll, HistorianWell, of course, Toll is describing the build-up in the western Pacific in the closing year of WW II. Most, but not all of us, will not have projects in which velocity is prioritized over safety.Most of us, but not all: In the last 20 years, such has been the case in not a. agile risk throughput

2020 163

Are Your Embedded Analytics DevOps-Friendly?

Does your analytics solution work with your current tech stack and DevOps practices? If not, any update to the analytics could increase deployment complexity and become difficult to maintain. Learn the 5 elements of a DevOps-friendly embedded analytics solution.

Stage gates and Agile?

Musings on Project Management

Stage gates and Agile? To some, that might sound horrifying! Not exactly! One of my Agile Project Management students asked me about stage gates and agile. My first response was this: Agile is not a gated methodology, primarily because scope is viewed as emergent, and thus the idea of pre-determined gate criteria is inconsistent with progressive elaboration and emergence. Agile does. agile

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Critical path: who's in charge?

Musings on Project Management

You've got a job to do; you've sequenced and scheduled itBut, in the middle of your critical path there is another independent project (or task) over which you have no control. In effect, your schedule has a break in its sequence over which you have no influence.Yikes! This is all too common in construction projects where independent "trades" (meaning contractors with different skills, like. critical path Risk Management schedule

2020 163

Guessing and Bayes

Musings on Project Management

In my posting prior to this one, I gave an example of two probabilities influencing yet a third. To do that, I assumed a probability for "A" and I assumed a probability for "B", both of which jointly influence "C". But, I gave no evidence that either of these assumptions was "calibrated" by prior experience.I just guessedWhat if I just guessed about "A" and "B" without any calibrated evidence to. Bayes estimate Risk Management Statistics

2020 163

Schedule merge: the biggest hazard of all

Musings on Project Management

Do you understand the risk you are running when two events come to a merging point in your schedule?Here's Here's the situation:There's a series of tasks running along on one path, call it "A"There's another series of tasks, not dependent on "A", running along on path "B"But, all the events set to begin on path "C" can't begin until everything on paths "A" and "B" finish. In effect, the completion of. estimate Risk Management schedule Statistics

2020 163

Business Monitoring Systems: Using ML to Analyze Metrics

This whitepaper discusses how automated business monitoring solutions like Yellowfin Signals revolutionize the way users discover critical and relevant insights from their data.

Game theory in risk management

Musings on Project Management

In any moment of decision, the best thing you can do is the right thing, the next best thing is the wrong thing, and the worst thing you can do is nothing. Theodore Roosevelt Actually, that's Teddy's version of cousin FDR's famous "Try something!" But what if it's all about a threat -- something external -- for which you have no experience? Call in your PMO team and brainstorm? Perhaps game theory Risk Management

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Feeling the pressure

Musings on Project Management

" [The concern my some is] that with all good intentions, some project managers might start cutting corners. It's easily done. Don't be fooled by the trappings. This sort of success comes with a lot of pressure. There are deadlines, penalties, [finances], and [executive changes]. PMs] are stuck in the middle. Priorities can become murky. It would be natural for some to feel the pressure and Quality risk decision Risk Management

2020 163

CPP and Technical debt -- history

Musings on Project Management

debt (n): that which is owedtechnical debt (n): unmet scope items owed for project completion The term "debt" as applied to projects has been promoted as part of Agile methods since at least the late 1990s, certainly more than a generation ago. As a matter of process, debt is added to backlog, and scheduled, according to priority, in sprints or iterations like all other scope is processed.But, Project Management

2020 163

Some risks aren't manageable

Musings on Project Management

Ideas about extreme risk management have been around a long time. No news there, so let's press on. Here's a working definition: Extreme risks are those for which the consequences are nearly irreversible, and the impact is near-catastrophic. And, fortunately, in most cases, the likelihood of the event is low. Because the expected value is nearly zero, but the threat so high, people are. Risk Management

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4 Approaches to Data Analytics for Your Application

Selecting the right solution for your embedded analytics is crucial to the success of your application. But with so many solutions and vendors, how do you make this critical selection? Learn about the different approaches to analytics and the pros and cons for each.

Value flow

Musings on Project Management

About value (*)In many posts in this blog, I have established these propositions:That there is a distinction between project value and business value, and That the interests of the customer/user, sponsor/stakeholder, and project manager are to be balanced among these parties, even as they all compete for attention as value is developed. We recognize that:Each has their own needs and wants, Each. business analysis Project Value Strategic Plan

2020 163

Risk management: hierarchy v. mesh

Musings on Project Management

Almost anyone who's been around projects for a few years has experienced hierarchy: it's like a pyramid, with one person at the apex and a number of layers spreading out below, interconnected, for the most part, top-down. On the other hand, another structure is like a mesh, wired for the most part peer-to-peer, and mostly flat -- few hierarchical titles and few top-down controls, and lots of. Risk Management

Risk 163

Pyramid v Funnel

Musings on Project Management

In every book written about project management, the PMO is at the apex of a pyramid. Sometimes, as in Agile project methodology, the pyramid is flatter than most, but always there is an identifiable top figure. Fair enough. But Robert Gates, former Defense Secretary [and holder of many other government titles] writes that he often felt like the pyramid was inverted and thus took the look of a. Project Management

2020 174

Looking for the unique

Musings on Project Management

"When I plan a project, the first thing I do is make a list of what's unique . what will my new and untried experiences be for myself and my team, and what's new for the customer: will they see the value?" Not actually me, but others whom I respect say this It strikes me that what is said above is just common sense; profound in its plainspoken words But, then what? Having identified the Project Value Risk Management

2020 163

How to Select an Embedded Analytics Product: 12 Criteria to Consider

This report is designed to help readers select an embedded analytics product. It provides 12 criteria to consider when evaluating embedded capabilities. It also comes with a companion spreadsheet that enables users to score and compare products along these 12 dimensions and others they may add.

Virtual agile teams?

Musings on Project Management

Somebody asked: can a virtual team do Agile? 20 years ago, at the dawn of Agile, the answer might have been no. 15 years ago, more less at the peak of the AOL texting app Instant Messenger and the dawn of the smart phone and smart-phone personal networking and conferencing, the answer might have been yes, but with reservations. Now, the answer is "Of course", with some adjustments. agile Virtual teams

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Who said 'hybrid Agile'?

Musings on Project Management

What's the hybrid thing? It's agile coexisting in the same project with a traditional methodology, presumably for the swim lanes that are not software. Some call hybrid agile as: agile in the waterfall Are hybrids practical? After all, the traditional is top down planned, most requirements up front, much system testing at the end, etc. Agile is the not-traditional. Can you fashion a hybrid. agile

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Be Bold; be brave; be calculating

Musings on Project Management

I would hardly think today of making my first flight on a strange machine in a 27-mile wind. I look with amazement upon our audacity in attempting flights with a new and untried machine under such circumstances. Yet faith in our calculations and the design of the first machine, based upon our tables of air pressures, secured by months of careful laboratory work, and confidence in our system. Innovation Quotations risk decision Risk Management

2020 163

Smart and Not-so-Smart

Musings on Project Management

Harry’s poker-playing friend claimed that probability theory, and how to play your cards according to the rule book, was the easiest thing in the world. But what separated smart players from the not-so-smart was the ability to understand how their opponent was thinking.Harry Hole, Detective, according to author Jo Nesbo Now, in project terms, we would like to think we don't have to worry about game theory planning Project Management

2020 163

5 Signs It's Time to Replace Your Homegrown Analytics

If you built your analytics in house, chances are your basic features are no longer enough for your end users. Is it time to move on to a more robust analytics solution with more advanced capabilities? Follow this free guide for tips on making the build to buy transition.

The oldest technique in risk management

Musings on Project Management

The oldest technique in the book, indeed before there were even books, is "acceptance" To drive a car is to accept the risk that the other driver isn't too drunk, too sleepy, too unskilled, too distracted, too whatever To take on debt is to accept the risk that you'll have the means to repay without bankrupting yourself To take on unsecured credit is to accept the risk (trust, really) that. Risk Management

Risk 163

Can you beat a checklist?

Musings on Project Management

Can anyone image doing serious risk management without a checklist? The answer, of course, is No. or, it should be!) Actually, any procedural management can benefit from a checklist. There's been whole books written about checklists. In fact, one of the more prominent books -- "The Checklist Manefesto" by Dr. A. Gawande -- entitles Chapter 1: "The Problem of Extreme Complexity", Project Management

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The collision of risk and politics

Musings on Project Management

There have been a lot of very high profile examples that demonstrate what seems like the evitable progression of the collision of risk and politics. The narrative seems to always fit this frame: Conventional risk management processes identify a risky situation and assess the unfavorable outcomes Mitigations are designed and briefed up the chain Such mitigations are immediately clamped from. Risk Management

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Changing the culture

Musings on Project Management

To change culture. you have to have continuous training, systems of accountability, and consequences. Scott Thomson It's hard to argue with the formula; in fact, no argument taken However, perhaps Mr Thomson assumed the obvious: you have to have a vision of the future state of culture in order to orient and align training to that vision. And, there are always errors of alignment. human factors

2020 163

Task Management For Project Managers

How can project planning that stretches over months or years remain relevant and account for new ad-hoc activities that arrive every day?