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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 MORE
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 MORE
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 MORE
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 MORE
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 MORE
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 MORE
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 MORE
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 MORE
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 MORE
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 MORE
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 MORE
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 MORE
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 MORE
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 MORE
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 MORE
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 MORE
"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 MORE
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 MORE
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 MORE
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 MORE
"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 MORE
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 MORE
163 "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 MORE
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 MORE
" [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 MORE
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 MORE
Are you busy building your project budget?Are Are you going to include a budget for training your project's working staff? New developer and testing tools; New frameworks; New process and workflow management?If If that's a Yes and Yes, have you thought about this? You may need to train your project robots also. Really?Really! Really! Robots, whether mechanical and real, or virtual, all depend on training data. AI cost management Project Management MORE
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 MORE
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 MORE
"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 MORE
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 MORE
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 MORE
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 MORE
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 MORE
Musings on Project Management
FEBRUARY 23, 2021
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
Musings on Project Management
FEBRUARY 2, 2021
"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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Musings on Project Management
OCTOBER 21, 2020
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
Musings on Project Management
JANUARY 30, 2021
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
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Musings on Project Management
SEPTEMBER 6, 2020
"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
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Musings on Project Management
AUGUST 20, 2020
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
Musings on Project Management
DECEMBER 5, 2020
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
Musings on Project Management
JANUARY 6, 2021
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
Musings on Project Management
JANUARY 3, 2021
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
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!
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Musings on Project Management
APRIL 3, 2020
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
Musings on Project Management
DECEMBER 14, 2020
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
Musings on Project Management
NOVEMBER 23, 2020
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
Musings on Project Management
DECEMBER 8, 2020
"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
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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.
Musings on Project Management
APRIL 14, 2019
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
Musings on Project Management
NOVEMBER 29, 2020
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
Musings on Project Management
SEPTEMBER 24, 2020
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
Musings on Project Management
SEPTEMBER 20, 2020
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
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Musings on Project Management
APRIL 24, 2020
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
Musings on Project Management
NOVEMBER 17, 2020
" [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
Musings on Project Management
NOVEMBER 2, 2020
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
Musings on Project Management
FEBRUARY 10, 2020
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
Advertisement
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.
Musings on Project Management
NOVEMBER 11, 2020
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
Musings on Project Management
MAY 30, 2020
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
Musings on Project Management
AUGUST 26, 2020
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
Musings on Project Management
AUGUST 2, 2020
"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
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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.
Musings on Project Management
APRIL 18, 2020
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
Musings on Project Management
AUGUST 4, 2019
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
Musings on Project Management
OCTOBER 10, 2020
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
Musings on Project Management
OCTOBER 7, 2020
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
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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.
Musings on Project Management
MAY 24, 2020
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
Musings on Project Management
MARCH 27, 2019
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
Musings on Project Management
MARCH 7, 2020
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
Musings on Project Management
JULY 18, 2020
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
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How can project planning that stretches over months or years remain relevant and account for new ad-hoc activities that arrive every day?
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