Scrum.org

SEPTEMBER 20, 2021

TL; DR: Estimates Are Useful, Just Ditch the Numbers. Many people dislike estimating work items as estimates supposedly open the path to the misuse of velocity by the managers, reintroducing Taylorism, micro-management, and excessive reporting through the backdoor. Shall I notify you about articles like this one?

Estimate 210

Estimate SCRUM 2022 Agile 210

The IIL Blog

JANUARY 24, 2024

Time and time again, I see organizations are not dealing with risk appropriately. Sure, they have a list of five to ten risks on their projects, but they are not managing their risk and are falling into risk management pitfalls. Some people would call this risk magic. PMBOK 5 th Edition, PMI. Well wait a minute.

Risk 78

Risk Risk Management 2012 PMI 78

Rebel’s Guide to PM

APRIL 22, 2024

Resource management is difficult because work is unpredictable and people aren’t very good at estimating! I suggest adding the relevant ones to your risk log so they are constantly under review. Resource risk is not considered People go off sick or are unavailable at short notice and this isn’t factored into the plans.

Technical Review 266

Technical Review PMO Risk Management Software Review 266

LiquidPlanner

FEBRUARY 14, 2022

Risk and uncertainty are inherent parts of all project work, making project risk management an important topic for teams to address. When studies tell us that easily half of all IT projects run over budget and past deadline , we see how easily risk turns into real trouble for projects and their organizations.

Risk Management 167

Risk Management Risk 2012 Prince2 167

Leading Answers

AUGUST 25, 2020

Project managers generally like plans and estimates so we can forecast when things should be done and how much they may cost. " So, when project managers hear about ideas such as "let's stop estimating," it can trigger a knee-jerk reaction. It sounds lazy and avoiding the hard work of having to estimate.

Estimate 131

Estimate Software Review Underperforming Technical Team Agile 131

ProjectManager.com

FEBRUARY 27, 2024

Using project planning templates can help you schedule tasks, estimate budgets and allocate resources. You can even use project planning templates to help you manage your project, track progress and risks. There’s also a section that addresses the project budget, risk and change management, which is essential to stay on track.

Planning 364

Planning Software Review Risk Management Budget 364

MPUG

SEPTEMBER 4, 2023

In this article, we’re addressing a common question in modern project management: Do we need risk management in agile projects? Do agile projects have risks associated with them? And do we want to let those risks run wild without any effort to contain them? So, yes, of course, we need risk management in agile projects.

Risk Management 98

Risk Management Risk Agile Technical Review 98

Leading Answers

JANUARY 16, 2021

This article explains what a risk-adjusted backlog is, why they are useful, how to create one and how teams work with them. What is a Risk-Adjusted Backlog? A risk-adjusted backlog is a backlog that contains activities relating to managing risk in addition to the usual features associated with delivering value.

Risk 145

Risk Underperforming Technical Team 2006 2012 145

Teamweek

NOVEMBER 3, 2023

Top-down estimating is a form of estimation where existing knowledge of similar projects is used in the estimation process to produce a ballpark figure for the total cost. Like other methods to estimate a new project’s cost , top-down estimation has advantages and disadvantages. What is top-down estimating?

Estimate 52

Estimate Budget Influencer Initiating 52

LiquidPlanner

MAY 24, 2022

This notion of contingency analysis shows that when planning or budgeting, we must account for foreseeable risk and factor in the optimal route required with the minimum number of possible detours. Risk is not solved with a calculation. Project leaders need to ask: are some foreseen risks not occurring?

Risk Management 158

Risk Management Risk 2003 2007 158

MPUG

JANUARY 8, 2024

The solution, of course, is estimating. There is a whole science to estimation, and it would be possible to go very deeply into this. But before we start, let’s tackle the Estimation Elephant in the Room…. The estimation techniques they use are a deliberate trade-off between speed and accuracy.

Estimate 52

Estimate Technical Review Risk Management Closing 52

Teamweek

DECEMBER 22, 2023

Parametric estimation is a crucial estimation technique in project management. That’s because parametric estimations are highly accurate and take some guesswork from your estimation process. What is parametric estimating? The more granular the parameter, the more accurate the estimate.

Estimate 52

Estimate Software Review Project Cost Risk Management 52

MPUG

APRIL 2, 2020

can become an accurate estimating tool for top-down (Analogous) and bottom-up (Parametric) estimating. Unfortunately, the large majority of project managers estimate tasks with durations and update tasks by entering %-complete as reported by team members. Using a Schedule Template for Estimating. It’s not hard to do.

Estimate 105

Estimate 2016 2019 Risk Management 105

Rebel’s Guide to PM

APRIL 8, 2022

We have forecast and actual dates, timesheets, budgets, databases of lessons learned , risks, issues and changes. For example, imagine reviewing estimates from the project team. As you enter their estimated effort for tasks, the software prompts you: Claire’s estimates were 20% under on her last five projects.

2022 435

2022 Artificial Inteligence Technical Review Software Review 435

Epicflow Blog

JUNE 10, 2022

Accordingly, they are more vulnerable to the consequences of risk-bearing events. When unmanaged, these risks can impact people’s safety and, to make matters worse, come down to considerable financial losses. . What are the most typical risks associated with aerospace engineering projects, and how to manage them effectively?

Aerospace 98

Aerospace Risk Management Engineering Risk 98

ProjectManager.com

MARCH 20, 2024

To help you once you break ground on your construction project, we’ll throw in some free construction project management templates on estimating, scheduling and budgeting. In a preconstruction meeting, project exceptions are defined, roles are clarified and risk mitigation strategies are discussed. What Is a Preconstruction Meeting?

Construction 332

Construction Software Review Underperforming Technical Team Estimate 332

Rebel’s Guide to PM

MARCH 18, 2021

In this article we’ll look at the types of artifacts in project management, typical documents for each type. Artifacts are categorized in the PMBOK® Guide – 7 th edition into 9 different types and that’s what this article is going to look at. The article will be updated in due course. What is an artifact?

Logistics 509

Logistics Artificial Inteligence PMI Performance Measurement 509

Rebel’s Guide to PM

FEBRUARY 12, 2024

Skill #2: Managing risks Risk management is a core skill for a project manager, and one that I would hesitate to ‘outsource’ to a team member. So much of risk management is tied up in being able to see the big picture, and as a project manager you are best placed to do that. Then schedule around people, not tasks. Need a mentor?

Finance 319

Finance Risk Management Budget Risk 319

Scrum.org

FEBRUARY 26, 2024

This article was first published in the AskScrum.com newsletter. Subscribe to AskScrum.com to be the first to receive articles like this. Helps the Team Forecast : Regular refinement helps in better sizing of work items and estimating their complexity and effort required, which leads to more effective planning and better forecasting.

2024 169

2024 Sustainability Risk Management Estimate 169

Scrum.org

JANUARY 29, 2024

See our article What is Iterative, Incremental Delivery? In this article, we'll explore - and debunk! Objection: "We can't accurately estimate delivery timelines with incremental delivery." Explanation: Traditional project management often struggles with accurate timeline estimations.

Software 173

Software Estimate SCRUM Risk Management 173

Teamweek

AUGUST 1, 2022

Project cost estimation can be challenging, especially when the project is complicated and has many moving parts. In this guide, you’ll learn: What a project cost estimate is Why most project cost estimates are terrible How to create an accurate project estimate What to do after creating your project cost estimate.

Estimate 52

Estimate Project Cost Web Development Software Review 52

PM Basics

SEPTEMBER 7, 2022

Here’s the most important thing you need to take from this article. Risk identification is not a rigid process that you follow step-by-step. Instead, good risk identification comes from communication and collaboration with all project stakeholders. Moreover, you need to educate others on how to use your risk management process.

Risk 109

Risk Software Review Underperforming Technical Team Risk Management 109

Rebel’s Guide to PM

MAY 3, 2022

In this article, you’ll learn about 20 things to include in a project plan. Risk management plan. Here’s where you set out how you are going to manage risk. Document how often you will review risks, what can be dealt with by the team and what should be escalated. For example, schedule risks, technical risk, scope risk.

Planning 322

Planning Software Review Risk Management Estimate 322

Kiron Bondale

FEBRUARY 18, 2018

Project managers need to be comfortable with different estimation techniques. Foundational project management courses will teach you about analogous, bottom-up, parametric and three-point estimating. Take a course covering agile delivery and you’ll learn about relative sizing techniques such as estimating poker or t-shirt sizing.

Estimate 136

Estimate Controlling Agile Risk Management 136

MPUG

OCTOBER 24, 2022

Many ‘Request for Proposal’ (RFP) documents require that a Schedule Risk Analysis (SRA) must be performed on the submission. Risk and Uncertainty. All too often, SRA is lumped into Risk Management. I prefer the term Risk and Uncertainty Management, because they are really two different disciplines. Introduction.

Risk 64

Risk Risk Management Estimate Budget 64

Teamweek

JULY 29, 2022

“ I’ve done this a million times–let’s skip estimating just this once.”. You rush through the beginning estimates only to miss deadlines, blow budgets, and draw raised eyebrows from clients. In this guide we’ll cover: What are project estimation techniques? What are project estimation techniques? Cost estimations.

Estimate 52

Estimate Software Review Risk Management Budget 52

Rebel’s Guide to PM

JULY 20, 2023

In this article we’ll look at the types of artifacts in project management, typical documents for each type. Artifacts in the PMBOK Guide – Seventh Edition Artifacts are categorized in the PMBOK® Guide – Seventh edition into 9 different types and that’s what this article is going to look at. What is an artifact?

Logistics 258

Logistics Artificial Inteligence PMI Performance Measurement 258

MPUG

JULY 8, 2019

That is why duration estimation is one of the most important aspects of project management. In most real life scenarios, clients and mangers are reasonable, giving us some freedom to determine duration estimates for doing our tasks, but this can create other problems. The Estimation Problem. Can there be “exact estimates”?

Estimate 99

Estimate Transportation Influencer Risk Management 99

Rebel’s Guide to PM

APRIL 2, 2023

Technical failure: this creates a program integration risk as what you are building might not sit in the organization’s architecture any longer. Data about how far off the original estimates were is needed to make accurate forecasts. This article first appeared at Rebel's Guide to Project Management

Underperforming Technical Team 407

Underperforming Technical Team Technical Review Sustainability Estimate 407

MPUG

JUNE 6, 2022

But, how does all of this fit into Risk Management? Risk Managers don’t toss coins or calculate heads/tails in an experiment. Probability Distribution and Risk Management. With the above basics, let’s consider another example to understand probability distribution from the perspective of risk management.

Risk Management 64

Risk Management Risk Estimate 2019 64

Rebel’s Guide to PM

FEBRUARY 5, 2024

In this article we’ll look at how to segment costs, how to find out the cost of things, and then how to structure your budget. If you are planning a budget for a project proposal i.e. pitching to someone else for them to secure your services to deliver a piece of work, then read this article about preparing a budget for a proposal.

Budget 307

Budget Project Cost Estimate Finance 307

Rebel’s Guide to PM

MARCH 11, 2021

AI has turned up in the project management trends articles over the past few years and it’s now most definitely here to stay. It’s about saying there might be a risk, so let’s examine whether there is a risk.”. They don’t just want to know where their risks lie but how they can fix them.”. Lloyd Skinner.

Artificial Inteligence 510

Artificial Inteligence 2030 Technical Review Underperforming Technical Team 510

Scrum.org

JANUARY 31, 2024

4. Sizing: Accurately sizing the work or estimating the complexity of each backlog item enables better ordering and planning. By assessing each item's value, risk, size or dependencies, the team can focus guided by the product and business objectives. This article was first published in the AskScrum.com newsletter.

2024 145

2024 Estimate SCRUM Risk Management 145

Scrum.org

JULY 10, 2018

Often I hear people say that Scrum does not take care of risk: there is no risk log, risk is not on the agenda of the Sprint Review or Retrospective as a standard agenda-item. That's a risk right there! How is risk managed in Scrum? Scrum is all about risk management. Different types of risks.

Risk Management 122

Risk Management Risk Technical Review Underperforming Technical Team 122

PM Basics

NOVEMBER 2, 2020

In this article, you’ll find the real-life project risk management plan example. Below the example, you’ll find all the required information and resources to create your Risk Management Plan quickly and for free. Risk Management Plan Definition. Risk Register, WBS). Risk Management Plan Template.

Risk Management 105

Risk Management Risk Planning Technical Review 105

Wrike

OCTOBER 4, 2023

Accurate construction cost estimates are crucial for successful project planning and execution. Understanding the Basics of Construction Budgeting Accurate cost estimation is the cornerstone of construction budgeting. Moreover, accurate cost estimates play a crucial role in financial planning and control.

Construction 36

Construction Estimate Budget Technical Review 36

PM Basics

SEPTEMBER 8, 2022

Qualitative risk analysis boosts the chances for project success dramatically. I honestly believe that this risk analysis in more than enough for small and medium projects. Qualitative Risk Analysis is the process of prioritizing risks for further analysis or action by assessing and combining their probability of occurrence and impact.

Risk 59

Risk Risk Management Software Review Technical Review 59