Impacts of traditional project funding models on agile delivery

Kiron Bondale

In one of my previous articles I’d written about the need for change across multiple areas of an organization when undertaking an agile transformation. Now you might say that agile delivery approaches can work when we fix cost and time and let scope or requirements be the variable.

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Agile project management: A beginner's guide

Moira Alexander

If you're new to project management and the agile methodology, the answers to these 10 questions will arm you with the information you need to get started. And if you're a project management veteran, these frequently asked agile questions are a good refresher. What is agile? Agile is a project management methodology that uses short development cycles called sprints to focus on continuous improvement in the development of a product or service. Why is agile necessary?

Agile 328

Operations, Finance, and Accounting for the Development of Software

Herding Cats

This seems to be a lament from agile developers. A Scrum of people works very well when doing Scrum , but operations, finance, and accounting are not the same as writing software for money. A Scrum of cost accountants, planner, finance, and operations people is called Chaos. It's common to hear, projects are overhead, we just need to get the value to the customer as fast as possible. Anything getting in the way of them coding is seen as an impediment. .

Improving portfolio management must be part of an agile transformation

Kiron Bondale

When we think of an agile transformation, improving portfolio management might not be high on the organization’s list of priorities. Agile delivery is not a silver bullet. Tagged: agile project management , Project Portfolio Management , resource availability.

Agile 184

Project Versus Product in Agile Development

Herding Cats

This quote is typically the basis of proposing agile software development over traditional software development. What Does This Mean for Agile? . Agile shouldn't care. Agile produces useful working software at the end of every Sprint.

Agile 55

Releases and Deadlines in Agile

Herding Cats

But Agile at Scale has a different paradigm than Agile at the Table. This is the basis of managerial finance and decision making in the presence of uncertainty - Microeconomics of Decision Making. Scaling Agility - building an agile foundation.

12 Principles of Agile with and without Estimates

Herding Cats

It's popular to speak about the Agile Manifesto and the 12 Principles of Agile. When we hear that the next big thing in agile is Not Estimating, let's look to see how those 12 Principles can be applied without those estimates? . 12 Principles of Agile. This is basic managerial finance when spending other people’s money. Technical excellence and good design improves agility. NoEstimates Agile Estimating

Accountability on a Agile Software Development in the Presence of Governance

Herding Cats

One of the principles of agile development is self-organizing teams. In this Role (like all members of Agile teams, the PO is a role, not a position) the business value stream is conveyed from the business to the development team through the Product Roadmap and Release Plan.

Project Management of Product Development

Herding Cats

There's a popular fallacy in the agile community of products over projects. This, of course, is based on the lack of knowledge of Managerial Finance, Systems Engineering and Product Development principles and processes. NoEstimates Agile Estimating Systems Theory Technology

The Truth About Transformations

Leading Answers

Instead, we launch agile transformations, digital transformations and productization transformations.   Agile Transformations. The goal:  Agile transformations move organizations from working with traditional project management approaches to using agile approaches.

2018 84

Six Sigma: A Simple Guide for Project Managers

ProjectManager.com

Since then, Lean Six Sigma has been used in a variety of economic sectors, such as healthcare, finance and supply chain. Six Sigma and Agile. Agile teams are focusing on continuous improvements, which fits hand-in-glove with the creed of Six Sigma. Agile and Six Sigma mix well.

2018 341

Successfully Deliver Strategy… Fast

Planview

While the strategic plan can feed annual plans to ensure enough of the annual budget is set aside for strategy, the real value comes into creating a continuous planning process that creates strategic agility to ultimately drive faster delivery of success. Finance is about financial control.

Talent Management of The Future

Leading Answers

First, what works well for agile teams. When we read through this list anyone familiar with the agile mindset will likely see connections to agile and lean values. Agile Teams. Agile approaches recognize it is people who add value.

2018 74

How to Become an IT Project Manager

ProjectManager.com

What About Scrum, Agile and Other Certifications? Jennifer added that some people ask her how Scrum and Agile or other certifications fit in. While it’s true that Scrum and Agile are often thought of in terms of managing IT projects, that’s not always the case.

2018 287

What Are the Advantages of Waterfall Project Management?

Wrike

The Basics of Agile Process Management. Agile management is all about providing a framework for building systems that allows plenty of room for interaction, customization, and frequent updates. Use a Tool That Can Do Both Waterfall or Agile.

Making Better Business Decisions with Continuous Planning

Arras People

Here’s Carina: Improve Agility Through Continuous Planning. 66% with integrated plans can respond with more agility to changing business environments. First, you need to open up a dialogue between the business functions – including finance, the PMO, and other lines-of-business.

Project Management Keywords in CVs

Arras People

In role you will be working with a third-party development agency, and in an Agile environment and take on the responsibility of leading this delivery. We all know how ‘modern’ recruitment works in the UK. Keywords. Keywords are king. They have to be.

2016 253

Operational Excellence: Your Company’s Future Depends On It

Wrike

They’re borrowing from agile methodologies and figuring out how to scale these processes across their large teams and across their companies. AI and agile) to establish a new norm in Operational Excellence. . Agile Isn’t Enough. Agile isn’t equally good for all projects.

2017 44

Plotting a Course for Work and Resource Management Success

Arras People

Yet, many are still hesitant about adopting work and resource management, and must change their mindset about how work gets done before they may achieve greater agility and alignment.

2017 198

The Truth About Transformations

Leading Answers

Instead, we launch agile transformations, digital transformations and productization transformations.   Agile Transformations. The goal:  Agile transformations move organizations from working with traditional project management approaches to using agile approaches. The claimed benefits:  Agility allows organizations to respond to change more quickly since plans and work are done in smaller batches with frequent checkpoints.

2018 40

Free project management certifications

Moira Alexander

Agile Software Development - goes over fundamental agile concepts to enhance your software development skills. Project Risk Assessment - a self-paced course on how to conduct risk analysis of different projects using both conceptual and practical developments in modern finance. Business Management - covers how to master the essentials of managing a successful business including accounting, finance, marketing, operations, people management, and strategy.

Project Management Processes & Phases

ProjectManager.com

The project plan will include what resources are needed, financing and materials. For example, the HR department might have very structured phases carried out with old desktop software, while the marketing department might be using Agile strategies with modern online software.

Five Professions That Make Great Project Co-ordinators

Arras People

They know that the customer is at the centre of everything – so at least they have some of the Agile philosophy already! Finance. I recently held a project management careers clinic with someone who was wanting to get into a project management role.

2017 197

Talent Management of The Future

Leading Answers

First, what works well for agile teams. When we read through this list anyone familiar with the agile mindset will likely see connections to agile and lean values. However, like agile adoption, just because organizations have known what they should be doing since the early 2000’s it does not mean they always behave that way. Agile Teams. Agile approaches recognize it is people who add value. Laloux’s Red to Teal model is very useful for agile teams.

2001 40

The Origins of Scrum and Empirical Closed Loop Control

Herding Cats

Agile in name only. scrum, not agile. There's a recent paper " What Lessons Can the Agile Community Learn from A Maverick Fighter Pilot? " In our Software Intensive System of Systems domain, this is the definition of Agile we use from the now-Secretary of Defense Dr. Carter.

The 3 Steps to Take When Failure is Not an Option: Getting to Impeccable Business Execution

Girl's Guide to PM

Iterate to create agility. Agile and Scrum serves exactly that. Our business execution will never be perfect – but we can teach our teams to be Agile. Joel “Thor” Neeb will be speaking at the Agile and Scrum Virtual Conference, going live on May 4 th.

Fallacy of the Week

Herding Cats

This decision is a Managerial Finance process operating in the presence of the Microeconomics of decision making with all the uncertainties of the market, development cost and of course risk created by uncertainty. That statement violates the principles of Microeconomics, Managerial Finance, the Probability and Statistics of decision making, and common sense. Five Different Decision-Making Strategies That Don't Need Estimates. This is from a #Noestimates presentation.

Black Swans

Herding Cats

This advocate continually confuses Macroeconomics of financial markets and sovereign finance with Microeconomics of software development. NoEstimates Agile Books Decision Making Governance Management Product Management Project Management

2002 42

The 5 Biggest Project Management Trends Shaping 2018

PM Basics

Becoming Agile. Marketing, finance, and even construction are now adopting an Agile development framework. Combined with machine-based objectivity, Agile may very well be the new way to do business from 2018 onward. DevOps as a Part of Agile.

2018 52

DDSTOP The Saga Continues

Herding Cats

There's been a rash of conjectures about all kinds of bad business, project, and software development (agile and traditional) management ideas of late. million euro Agile project.”. The financial management system in terms of financing rate, cost of money, debt market.

Risk 36

10 LinkedIn Groups every Entrepreneur & Project Manager should join

Taskque

Another large group accommodating 370,842 members, where you can discuss anything related to project management including PMP certification, PMBOK PDU, Prince2, software development, CMMI, IEEE, ISO, Six Sigma, Agile, Scrum, ITIL & PMO. Starting a business is not everybody’s cup of tea.

2018 73

Antifragile, Macro and Micro Economics and the Misuse of Terms (Again)

Herding Cats

The books of Taleb are focused on the Macroeconomics of public finance and the institutions that serve them. 1] The agile community that uses Taleb's work in their advocacy of software development techniques appears to have confused macroeconomics with microeconomics. .

Why Johnny Can't Estimate?

Herding Cats

Ranging from traditional to agile and combinations in between. Paradigm of agile project management from Glen Alleman. . Some colleagues have engineering or finance educations. Agile is a highly procedural process along with more traditional development methods. . This book is a practical guide to estimating and planning agile projects. . The book speaks to why conventional planning fails and why agile planning works. NoEstimates Agile Books Estimating

What is a Stakeholder in Project Management?

Planio

No matter how agile and lean you try to run your projects there are inevitably going to be a lot of people involved in getting you from project proposal to launch day. Project sponsor: The person or group who is financing the project.

2018 161

Black Swans

Herding Cats

This advocate continually confuses Macroeconomics of financial markets and sovereign finance with Microeconomics of software development. NoEstimates Agile Books Decision Making Governance Management Product Management Project ManagementOne of the books used by a vocal No Estimates advocate is Black Swans by Nassim Taleb. They are not the same, the processes of decision making are not the same.

2002 28

Project Cost Management – The Essential Things to Know and Do

Online PM Courses

But there’s little your project sponsor, your client, or their Finance Director care about more than your budget and how closely you can stick to it. Some UK Governmental projects appoint a Senior Finance Officer (SFO) to the biggest projects.

Revisiting the Double Pendulum Problem

Herding Cats

Why is this an issue in the management of agile software projects? In the same way the original posters of #NoEstimates state their case that decisions CAN be made without estimating, when in fact that violates microeconomics, managerial finance, and several other principles.

2016 46

Looking to Improve Project Performance - Check Out these PM Tools and Services for Better Results

Brad Egeland

Try MindGenius for 14 days free Viewpath PROJECT SCHEDULING Organizations of all sizes are under intense pressure to improve the speed, accuracy, and agility of their project management and capacity planning processes, while also balancing the related risks and costs of these endeavors.

2018 170

How to Estimate Any Software Problem

Herding Cats

Let's put aside for the moment the missing principles of managerial finance, probabilistic decision making, microeconomics of decision making, Real Options, Bayesian decision networks, and other decision making processes used in modern business when spending other people's money. This book was handed out by Jeff Sutherland at the State of Agile conference as an indication of how agile has come to represent sloppy thinking on behalf of many of its advocates. .

The Classic Misunderstanding between Principles, Practices, and Process

Herding Cats

Is this early work the same in form as Scrum, XP, or other Agile development methods? But of course, the Agile Manifesto is not actionable in any practical way, as the 12 Principles . A recent Twitter post make the false claim that.

2003 57