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Project Management Processes & Phases

ProjectManager.com

If so, it might be time to start implementing proven project management processes and phases at your organization in order to bring your company’s workflow under control. Cost: Estimate the costs involved across the project and formulate a budget.

How to Keep Your Projects On-Time and On-Budget

Arras People

Deltek is the latest member of the Arras People Software Directory , in this article they give a brief overview of how projects can be controlled and how software can help with this. companies and government agencies an estimated $145 billion per year!

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Project Estimation: Master the Tools and Techniques

Online PM Courses

There are two reasons why Project Estimation is a big deal for project managers. And second, poor estimates are often a primary reason for a project cost or schedule over-run. What is Project Estimation? Why is Project Estimation so hard? The Estimation Knife Edge.

Software Estimating Resources

Herding Cats

This blog page is dedicated to the resources used to estimate software-intensive systems using traditional and agile development methods. COSMIC Software Estimation Approach,” Alain Abran, ICEAA Workshop, Portland Oregon, June 6?9, Estimating Probable System Cost,” Stephen A.

Planning a Budget for a Proposal in 5 Easy Steps (+ Example)

Girl's Guide to PM

This is a guest article by author Edoardo Binda Zane. We start with 5 steps for how to put a proposal budget together and then Edoardo shares a worked (fictional) example to show you what the budget would look like once it is completed. Step 3: Estimate Labour Costs.

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Estimates, Forecasts, Projections

Herding Cats

Estimates. An Estimate is a value inferred for a population of values based on data collected from a sample of data from that population. The estimate can also be produced parametrically or through a simulation (Monte Carlo is common, but Method of Moments is another we use). . Estimates can be about the past, present, or future. We can estimate the number of clams in the Pleistocene era that are in the shale formations near our house. Estimate to Complete.

How to Create a Project Budget: A Must-Read Guide for Agencies

Workamajig

Mastering the art of creating a project budget is a crucial skill for any agency. Learn how to create a project budget in our new article. So much of your success as an agency depends on getting the project budget right. Breaking Down the Project Budget.

How to Talk About Estimates

Herding Cats

What is an estimate? An estimate as a noun is an approximate calculation or judgment of the value, number, quantity, or extent of something. An estimate as a verb is to roughly calculate or judge the value, number, quantity, or extent of. Related articles. Estimates.

Reasons to Estimate and Measure

Herding Cats

Estimating Software-Intensive Systems: Project, Products, and Processes , Richard D. Stutzke is a starting point for estimating software projects. I recommend it for anyone starting out in the estimating business all the way to seasoned veterans. Related articles.

Why Johnny Can't Estimate? (Update)

Herding Cats

There is a discussion of the conjecture that estimates are a waste, estimates can't be done, estimates are evil, estimates must be stopped immediately. To be informed how to estimate in this broad range of domains, problems, and impacts — education, experience, and skill are needed. Through this education process and the hands-on experiences that followed, we all learned an Immutable Principle. Generating accurate and precise estimates is straightforward.

How To Create A Simple Project Plan (Project Planning Process)

PM Basics

Nevertheless, project planning is a structured and logical process. In this article, I’ll show you a proven workflow. At each moment of the process, you’re in need of information that you don’t have yet. You need to evaluate each process. Estimate required resources.

When to Estimate and When Estimates aren't Needed

Herding Cats

Paul Boos has a post about estimating and makes a case for the Principles of when NOT to estimate. This struck a cord around a bigger topic - the inversion of estimating. When should we NOT estimate? What business decision making conditions could be in place where we don't have to estimate the outcomes of our decision in the presence of uncertainty? Then on to the original conjecture for No Estimates from Paul's post. Not principles for NOT estimating.

Why Estimates are Needed for Success in the Nondeterministic Universe

Herding Cats

There's a fallacy used by some in the software development business, that estimates are not needed to make decisions in the presence of uncertainty. And of course to manage in the presence of uncertainty and the resulting risks we need specific processes and practices based on principles. .

4 Fallacious Reasons to Estimate and Why Those Are Fallacious

Herding Cats

There's a recent post titled Four Fallacious Reasons to Estimate. It lists the usual suspects for why those spending the money think they don't have to estimate how much they plan to spend when they'll be done producing the value they've been assigned to produce for that expenditure.

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. What is not negotiable is the budget. So, in this feature article, we’ll look at: What project cost management is.

Five Immutable Principles of Project Success and Estimating

Herding Cats

In order to manage risk - and act as an adult when spending other people's money - you must estimate many aspects of the project. The Five Immutable Principles of Project Success layout the aspects of project success that must be managed using estimates. . Related articles.

Process is King Part 2

Herding Cats

I wrote a post about Process is King a few years ago. Came across a few posts about how people trump process. fail to put those people in a process that can guide their success. . People without process is an undirected effort and where I work, that's called waste.

The Magic 7 Project Portfolio Management Process Steps

Project-Management.pm

Countless business articles have provided you viable information regarding project portfolio management , accompanied by its objective, the roles of the portfolio manager, and the benefits of the project portfolio management as a whole. And the answer to all of these is in the guise of project portfolio management process steps. Project Portfolio Management Process Steps : #1 – Commitment from the Executives. Project Portfolio Management Process Steps : #5 – Balance is Key.

Two Parallel Processes of Project Success - Both Value and Delivery are Needed

Herding Cats

Software engineering economics is a topic that addresses the elements of software project costs estimation and analysis and project benefit-cost ratio analysis. Showing up late and over budget does not produce the needed Value. This is the foundation for estimates.

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Common Ground for a Conversation about Estimating

Herding Cats

Neil Killick posted a good question, what's the common ground for talking about estimates. All estimates have two attributes - accuracy and precision. The values of these two attributes are what those needing the estimates are after. With the knowledge of the two values of these two attributes the decision makers can assess the "value" of the estimate. That request comes from those asking for the estimate. But that dysfunction is not "caused" by the estimate.

Software Development Process Improvement Opportunities

Herding Cats

Here's the IT budget for the Federal Government. Related articles. Estimating and Making Decisions in Presence of Uncertainty.

Forecasting versus Estimating - are they Different or are they the Same

Herding Cats

One of the escape clauses of #Noestimates is to re-label Forecasting as NOT Estimating , It is forecasting, based on empirical data. This is in comparison for estimating purpose for a theoretical model that produces data, parametric from empirical or theoretical models that produce data.

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The 20-Percent Startup Solution

MPUG

Keep in mind that poor estimating during the planning phase is the largest contributor to project failures. Most IT organizations talk a lot about their risk and issue management policies/processes which gives’ one an impression they spend about the same amount of time in each area.

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Why Are Daily Scrum Meetings Important for Successful Project Management?

MPUG

There are multiple reasons for this relevancy: On the spot, working teams are more likely to provide accurate estimates for project requirements. Budgets and timelines can be created and adjusted quickly, as per the team’s actual capabilities and performances.

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No Pain, No Gain?

MPUG

Regardless, financial analyses should still be done on these typical “sure projects,” so you can find out how much is left over in your budget for opportunity projects. This scorecard has evolved over time, and the Gartner Group estimates that over half of large U.S.

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New PM: The What?, Why?, and How? of Project Charters

Leading Answers

This article explains those basics. To start the chartering process, we first need to understand a few things about the project goals and our internal processes. They may also have been terrible at estimating and blind to common threats, but late starts are very common.

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Project Management, Performance Measures, and Statistical Decision Making

Herding Cats

In this domain, we are guided by credible results using principles, processes, and procedures to increase the probability of program success. This is from one of our presentations from a International Cost Estimating and Analysis Association meeting on the same topic.

DDSTOP The Saga Continues

Herding Cats

The result was a safety stand down for everyone on the site (5,000 Steel Works), including all us office workers, to get the message about health, safety, and safeguards of the materials and processes on site. . 40 - Estimation is a Problematic Practice of Companies Doing Dangerous Things.

DDSTOP The Saga Continues

Herding Cats

The result was a safety stand down for everyone on the site (5,000 Steel Works), including all us office workers, to get the message about health, safety, and safeguards of the materials and processes on site. . maybe a read of the resources of Estimating Agile Software Development may help.

The #NoEstimates Paradigm and Response

Herding Cats

This is a good starting point for answering the mail on the notion that decisions can be made in the presence of uncertainty without estimating the impact of those decisions. But his conjecture starts with estimates are a waste , not saying for whom they are a waste for.

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#Noestimates Has Come to This

Herding Cats

So the first part is following standard estimating principles. which states clearly and concisely that decisions can be made (in the presence of uncertainty - which is ALWAYS present on software development projects - without estimating the impact of those decisions. No Estimates?

Resources for Cone of Uncertainty

Herding Cats

The planned uncertainty not only needs to decrease over time passing, but this reduction diminishes any impacts of risk on the decision-making processes. Some feel that the cone does not provide any value for the work they do and does not match the reducing uncertainty in their estimates.

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Webinar Recap: Agile Series Part 1 – Understanding & Incorporating Agile Project Management

MPUG

So if you’re new to this or perhaps you’ve kind of been using it in a couple of different veins, maybe you’ve been part of a scrum team or you’ve watched it happen around you, or maybe you’ve seen a horrific implementation of an agile process, it isn’t necessarily the methodology, but sometimes you have to think about your culture, the environment, and what you’re trying to do. So individuals and interactions over processes and tools.

Start with Principles, Not Personal Anecdotes

Herding Cats

I've seen estimates abused by bad managers, so let's NOT estimate and that will fix the behavior of Bad Managers." The "bad management" is itself a symptom of untrained, inexperienced, unskilled decision making processes in the presence of uncertainty. . Related articles.

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Value First, Requires Margin and Contingency

Herding Cats

The principles of microeconomics of decision making in the presence of uncertainty mandates you make estimates of how to achieve that Value in terms of cost and schedule, those three (and all) variables are random variables, usually driven by a stochastic process. Related articles.

DDSTOP The Saga Continues

Herding Cats

The result was a safety stand down for everyone on the site (5,000 Steel Works), including all us office workers, to get the message about health, safety, and safeguards of the materials and processes on site. . And, my customer is equally as clueless about the need to estimate as I am.

Webinar Recap: Microsoft Teams – The Hub for Information in Office 365

MPUG

The Microsoft Teams developer platform enables integrations to existing business processes. They need to store budget documentation and files, and they need to share economic trends and news. There’s some great articles here. Articles

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Managing in Presence of Uncertainty

Herding Cats

The uncertainty is always there, it doesn't go away with specific actions in specific domains, or with the use of any tools, processes, or practices. Are we being effective with our budget - that is are we earning our budget. We need a formal risk management process.

Webinar Recap: Agile Series Part 3 – Best Practices & Real World Use of Agile with MS Project / Project PPM

MPUG

” So want to continue to do that, and again, for those of you that are on the MPUG membership, there are other articles, videos and things that we’ve been doing over the last few years. It doesn’t mean that you won’t be doing wireframes, so it doesn’t mean you won’t be doing process maps. million, and it’s three years over budget, it’s because you’re trying to bolt everything in the kitchen sink.

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A Wrap Up of the #NoEstimating Conjecture Analysis to Date

Herding Cats

The conjecture that we can make decisions in the presence of uncertainty without estimating the impacts of those decisions is without any principles that can be tested beyond personal anecdotes of I know people who spend other peoples money without providing estimates. Estimating

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