Musings on Project Management

Mixed methodologies: Agile and.

Musings on Project Management

There comes a point where more planning can not remove the remaining uncertainty, instead execution must be used to provide data and remove uncertainty. This quote comes from a nicely argued case -- from the agile blog 'leading answers' -- for mixing agile methods in rather traditional businesses, like the oil and gas exploration/production business If ever there was a business that. agile Teamwork Virtual teams

2022 174

Threats, vulnerabilities, and risks

Musings on Project Management

Daniel Messiler has an interesting essay about threats, vulnerabilities, and risks that is worth a quick read.He summarizes this way: A Threat is a negative scenario you want to avoidA Threat Actor is the agent that makes a Threat happenA Vulnerability is a weakness that can be exploited in order to attack youA Risk is a negative scenario you want to avoid, combined with its probability and its.

2022 261
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AGILE: how to get there from left to right

Musings on Project Management

If you are new to Agile (thus, perhaps, a late adopter. or a newbie to the software industry) read through this posting at LeadingAnswers. The big message is: Internalize the founding concepts and guiding principles before jumping into sundry Agile practices. Start left; move rightIn particular, understand this lecture: Absorb the idea of moving 'left to right' from the founding ideas to the. agile

2022 163

Risk, but no plan

Musings on Project Management

In my experience, a lot of projects operate more or less on the edge of risk, with no real plan beyond common sense and a bit of past experience to muddle through if things go wrong.Problematic, as a process, but to paraphrase the late Donald Rumsfeld: You do the project with the resources and plan you have, not the resources or plan you wantYou may want a robust risk plan, but you may not have. Risk Management

2022 163

Cyber Security, Change Management and Enterprise Risk Management: Scaling Operations for Growth

Speaker: William Hord, Vice President of Risk Management and Compliance

Join us as we discuss the various tangents of data and the change management process that will help you make better risk-based business decisions to save time and money for your organization.

From strategy to plan to approval

Musings on Project Management

To state a strategic principle is one thing; to reduce principle to a practical plan is another; but then to get stakeholders to approve and invest in both the principle and the plan is yet another.General Eisenhower had something to say about this, and one should be fully aware that not only did his strategic principles have to satisfy those with a focus on Europe, but also in the larger context acquisition Strategy

2022 254

Starving or stretching the Critical Path?

Musings on Project Management

In project management school, the lesson on Critical Path includes Rule #2: Apply resources first to the critical path, and subordinate demands of other paths to ensure the critical path is never starved.But, of course, Rule #2 follows from Rule #1Rule #1, if you haven't guessed is: Create a schedule network so that the critical path is revealed.

2022 294

The only two things you need to know about statistics

Musings on Project Management

Number One: It's a bell, unless it's not For nearly all of us when approaching something statistical, we imagine the bell-shape distribution right away. And, we know the average outcome is the value at the peak of the curve. Why is it so useful that it's the default go-to? Because many, if not.

2021 344

Cost management, and force majeure

Musings on Project Management

Are you doing a project under a contract from a sponsor?When When did you do the cost estimating for the price you signed up for?Is Is there a clause for "force majeure" (Look in the fine print in the contract's boilerplate)A lot of contractors (and their lawyers) are spending time on "force majeure"Three elements required:(1) unforeseeable event, (2) outside of the parties' control, that (3) renders. cost management Project Management

2022 163

China Cyber report from NSA et al

Musings on Project Management

NSA, FBI, and CISA have jointly issued a significant report on China's cyber activity.A summary quotation is given below:This joint Cybersecurity Advisory describes the ways in which People’s Republic of China (PRC) state-sponsored cyber actors continue to exploit publicly known vulnerabilities in order to establish a broad network of compromised infrastructure. These actors use the network to. Project Management Risk Management

2022 163

The Innovative PM: Cultivating Creativity in the Evolving Hybrid Workspace

Speaker: Rachel Rai Henry, Founder of the Creative Flow School

In this one-of-a-kind webinar, speaker, creativity expert, and educator Rachel Rai Henry will walk you through the evolution of hybrid work management through the lens of creative flow.

The problem with strategy.

Musings on Project Management

Ideas matter, but they do not matter as much as intellectuals and [market strategists] think they do. What matters far more is [project craft], which is about sensing, adjusting, exploiting, and doing rather than planning and theorizing. It is the skill of judo player who may have plans but who important characteristic is agility. It is what philosopher Isaiah Berlin called "understanding rather. Strategy

Visionary's approach to Risk Management

Musings on Project Management

And expect a parachute to followFrom the Netflix series "Inventing Anna"Actually, in the book "The Network" by Scott Wooley -- which is a pseudo-biography of Edwin Armstrong (vacuum tube amplifier inventor, among many electronics inventions. 42 patents and IEEE Medal of Honor) and David Sarnoff (founder of RCA and NBC) there are many "Leap!" projects described, to include but not. acquisition risk decision

2022 174

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

Risk 264

The THREE things to know about statistics

Musings on Project Management

Number One: It's a bell, unless it's not For nearly all of us when approaching something statistical, we imagine the bell-shape distribution right away. And, we know the average outcome is the value at the peak of the curve. Why is it so useful that it's the default go-to? Because many, if not.

2022 212

How to Build Data Experiences for End Users

Organizational data literacy is often addressed, but it’s uncommon to consider users’ data literacy levels when building products. Product managers need to recognize their end users' data literacy when building an application with analytic features.

Be a sequentialist first; beware the accumulations!

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, planning Project Management schedule

2022 174

Leadership by 'link and buffer'

Musings on Project Management

"Link and Buffer" is a leadership concept for a leader positioned between a governing board, to whom they must link the project, and a project team which must be buffered from the whims and biases of the board.Fair enoughBut it's not that easy.In the "link and buffer" space live various skills:Vision and practicality: to the board, the project leader talks strategically about outcomes and risks; leadership Project Management

2022 163

Useful history, or not?

Musings on Project Management

Is keeping project history valuable? Doesn't every project office have at least cost history? Isn't all parametric pricing based on history? Yes, Maybe, Yes. respectively, to the above! And, could there be parametric estimating without history (*)? No, definitely not.Or, could there be project, event, or risk statistics without history? (**) No! Ooops, perhaps everyone does not agree: " estimate

2022 163

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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Projects Deliver Products, Products Deliver Strategy

Speaker: Peter Monkhouse, Founder, NewGenP

This webinar will introduce a strategy implementation circle, which will demonstrate the role that projects and products play in assisting an organization with strategy implementation. The webinar will emphasize the importance of using an iterative approach to product development and project execution.

The principle of 'calculated risk' (updated)

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. Bayes Risk Management

2022 174

The biases come out

Musings on Project Management

Under stress, the biases come out Not only do the risks change, but risk attitudes change as well The stakes may be higher; the consequences greater. Now is the time to revisit the best book ever written on risk management -- in my opinion "Against the Gods, The remarkable story of Risk" by Peter L.

2020 329

Supreme misfortune

Musings on Project Management

"The supreme misfortune is when theory outstrips performance"Leonardo da VinciAnd then there's this: During the technical and political debates in the mid-1930's by the FCC with various engineers, consultants, and business leaders regarding the effect, or not, of sunspots on various frequency bands being considered for the fledgling FM broadcast industry, the FCC's 'sunspot' expert theorized. estimate Project Management Risk Management

2022 163

AGILE: mixing methods

Musings on Project Management

There comes a point where more planning can not remove the remaining uncertainty, instead execution must be used to provide data and remove uncertainty. This quote comes from a nicely argued case -- from the agile blog 'leading answers' -- for mixing agile methods in rather traditional businesses, like the oil and gas exploration/production business If ever there was a business that. agile

2021 188

The Definitive Guide to Embedded Analytics

Transform how you build value for your products with this definitive guide to embedded analytics.

Agile and the Enterprise

Musings on Project Management

Applying agile methodology in your software project? Working for an organization large enough to be called an 'enterprise'? Probably that's good.Why so?Access Access to resources is the main reason. You may have heard that agile is all about small self-directing teams -- yes, that's part of the doctrine. But how many teams are needed for your project? Dozens? Hundreds even? Where do those people, Project Management

2021 174

The first rule of 'data'

Musings on Project Management

The first rule of data: Don't ask for data if you don't know what you are going to do with it Or, said another way (same rule) Don't ask for data which you can not use or act upon. And, your reaction might be: Of course! But, alas, in the PMO there are too many incidents of reports, data accumulation, measurements, etc which are PMO doctrine, but in reality, there actually is no plan for. data management

2022 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.

Risk 238

The worst error in scheduling

Musings on Project Management

The worst error in scheduling is to have a milestone depend upon two or more tasks scheduled (planned) to finish at the same time.Here's a footnote to that witticism: It's assumed the two tasks are independent, meaning:They don't share resourcesThey don't have the same vulnerabilities to a common riskThe progress, or not, in one does not affect progress in the otherSo, what's the big error here? schedule

2021 200

A PM’s Master Class on Building and Maintaining Stakeholder Relationships

Speaker: Americo Pinto, Founder and Chair at PMO Global Alliance

In this discussion, Americo Pinto, Founder and Chair at PMO Global Alliance, will walk you through best practices for communicating with stakeholders.

Risking the team

Musings on Project Management

Are you on one of those death march projects about to burn out. Want some time off? Perhaps it's in the plan Formula solution Google among others -- Microsoft, etc -- are well known for the "time off, do. what you want toward self improvement and personnel innovation" model; formulas like that lend objectivity to the process (not playing. favorites, etc). Note: more on this in the "6x2x1". human factors Teamwork Virtual teams

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

The best thing you can do to manage risk?

Musings on Project Management

You ask: What's he best thing I can do to manage risk?Answer:Make Answer:Make time your friend. Insert time buffers in your schedule around every uncertain event, around milestones that are critical to success, and around major blocks of scope that determine whether project objectives will be met.Time is your friend if it is allocated in your schedule to give you space to work, and rework, mitigations. Time Risk Management schedule

2021 174

When there's no Plan B

Musings on Project Management

If there's no Plan B, then the first rule is "Make Plan A work!"And And it might require that you be aggressive about making Plan A work. no fooling around.No Plan BWait! Isn't there always a Plan B somewhere?A A general officer once told me: If there's no Plan B, invent it!Insure Insure for failure?Maybe Maybe you can insure against the failure of Plan A. Perhaps that's your Plan B -- just get your money back, human factors risk Risk Management

2021 163

Agile vs Waterfall: May the 4th Be With You in the Great Debate

Speaker: Joe Pusz, President, The PMO Squad

In this discussion, PMO Joe will challenge your thinking and perhaps bring you to the conclusion that the debate doesn’t exist. He will discuss the pros and cons of each approach and examine if one is superior to the other.

Leading without risk

Musings on Project Management

Leading -- leadership -- without risk; without taking on risk?!It It can't be done.End of posting.Perhaps a bit more:To be a leader is to put yourself out front. exposed, as it wereAnd, out front you'll find there are no easy answers. If there were such, leadership would be more like management: Follow the rules; stay within the guides; take little personal risk to reputation and career; work for human factors leadership Risk Management

Risk 163

Sketching out the architecture

Musings on Project Management

I was recently directed toward an interesting site (blog, presentations, etc) by Simon Brown, and his download presentation about "sketching the architecture" that more or less reinforces my idea that: "If you can't draw it, you can't build it." Box modelFrom this idea flows my "box model" approach to setting down high level narrative (business story with context), major functions (boxes) and. agile architecture system engineering

2021 174

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

Risk 163

Training budget for project robots?

Musings on Project Management

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

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The PM Revolution: Key Trends Propelling the Project Management Profession Into the Future

Speaker: Jesse Fewell, Principal Coach, Fewell Innovation

Join this high-energy webinar with Jesse Fewell, author, coach, and project management trainer, to get practical answers and insights into what is propelling the profession into the future.