INDUSTRY INSIGHTS YOUR PEERS ARE READING
Your job is to determine the approach that will give you and your team the best chance of delivering your project safely, accountably, on time and to budget. Some goes to your governance tiers, your boss, client or sponsor, and some goes to your team and colleagues. MORE
The biggest news for many project management practitioners in the 2018 Budget delivered by Philip Hammond, was his decision to delay any implementation of the new IR35 regime in the Private Sector until April 2020. The post 2018 Budget Adds New IR35 Twist appeared first on arraspeople. MORE
We were one of the first users of eXtreme Programming, long before Scrum was around and presented that early work in 2003, " Making Agile Development Work in a Government Contracting Environment, Measuring velocity with Earned Value." . Plans are Strategies. Strategies are Hypotheses. MORE
Governments, for example, use them to prepare for disaster recovery or economic disruption. The contingency plan is a proactive strategy, different from a crisis management plan, which is more of a reaction to something that happened. MORE
Plans are strategies for success. Strategies are hypotheses. Show up over budget for the ERP, the ROI we told the Board of Director is now wrong. No matter the size of the project. No matter the project domain. MORE
Think of the strategy and PM connection in construction terms, where the step of pouring footings and foundations needs to adequately support all other work that follows and ultimately the final structure -- in this analogy the final structure are the end goals. Suresh Srinivasan, CTO at NYU Langone Medical Center , tells CIO, within the NYU IT department there are two key components that link the business strategy and project management. MORE
Hope is not a Strategy. Your Project Needs a Budget and Other Things. Agile Decision Making Estimating Governance Management PrinciplesI came across a couple of interesting tweets over the weekend. Scrum is) more defined rather than empirical process. Agile in name only. MORE
If I'm risking two weeks of work for the Scrum team of 5 people it's a much different need from the risk of a $10B manned spaceflight program being supported to congress for budget authorization. . What is an estimate? MORE
For the first time in the last five years of this research, we see that more projects are meeting original goals and being completed within budget.”. Risk management strategies. The best executive sponsors have detailed knowledge of a project and how it connects to business strategy. MORE
The answer is they come from the Strategy of the IT function. Where is the strategy defined? What are the measures of the outcomes connected to each other and connected to the top level strategy to the strategic needs of the firm. NoEstimates Balanced Scorecard Strategy MORE
It assessed the current state of its e-commerce activities, defined goals, and strategy for its digital business, and developed a roadmap that would allow Hertz to realize its vision. We play this role in ERP acquisitions for commercial and government clients . MORE
Misalignment with Organization’s Goals, Objectives, Strategy. – 2 – Governance. Governance is hardly the most sexy of project management disciplines. Good governance is a cornerstone of project success, so poor governance inevitably leads to project failure. MORE
In recent years, portfolio management has evolved from an administrative process, in which projects are selected and prioritised, to one of the key ways in which organisations can focus on strategy implementation. Portfolio Management Strategy Execution MORE
What is the Plan to reach done at the needed time for the needed budget, with the needed outcomes? What Impediments will be encountered along the way to Done and what are the handling strategies for each impediment? MORE
The project manager is the one who is tasked with delivering a successful project, on time and within budget. The role is mostly operational, meaning it involves planning and governance for overseeing the program and its successful delivery. Determine strategies to achieve objectives. MORE
IT project failure starts with demanding the project maintain its budget and delivery times in the absence of a Plan to go along with the Schedule of the work. The Plan is the strategy for the development of these capabilities. MORE
Align Agile project management with your organization’s strategy. Here’s a strategy to consider: Consider separating your CFO from the rest of the CxO herd, and focus on turning the CFO into your champion. COO attention = budget. MORE
Good cost estimation is essential for keeping a project under budget. Cost estimation is the process that takes those factors into account, and calculates a budget that meets the financial commitment necessary for a successful project. MORE
Meeting the demands of ever-changing priorities within a government can lead to inconsistent processes, departments with limited visibility into what is being worked on, and no ability to monitor investments. The New Zealand Government Case Study. MORE
Now, let’s get into the first two process areas by examining why it is crucial for your organization to align strategy, financials, and execution. Funding and Budgeting. The funding and budgeting process usually begins with an annual proposed order-of-magnitude budget. MORE
It is an important part of project governance that looks both backwards and forwards. Let’s set aside the very important governance imperative. But what if governance were unimportant to you… or your organization? MORE
These capabilities are connected to the business strategy. They implement that strategy. The order of the needed Capabilties in defined in the business strategy. . You're late and over budget before you start, and have lowered the probability of technical success. MORE
Hope is Not a Strategy. The Plan for the project is the Strategy for its successful completion. The performance dimension of Monte Carlo simulation modeling A structured approach for developing a risk handling strategy. MORE
For example, a government project is going to have a state official as project sponsor who will work with the construction company’s project manager. Aligns project with business strategy, goals and objectives. Governance. MORE
Project Managers will then have clear budgets against which performance is measured against promoting a Performance reporting system, not a Financial accounting system. Contract Budget Baseline (CBB) breakdown. MORE
PMI's Pulse of the Profession report shows "only 64 percent of government strategic initiatives ever meet their goals and business intent -- and that government entities waste $101 million for every $1 billion spent on project and programs.". How does this bill impact PM practices within the federal government? The PMIAA bill impacts all areas of the government with the exception of the Department of Defense (DOD). How does this impact government agencies? MORE
Strategies for Project Sponsorship published by Management Concepts. However this needs to be couched in project management terms; the link with project risks or the budget seems small for the tight timetable or the skills you need are not available. MORE
Project managers rely on a good design to avoid pitfalls and provide parameters to maintain crucial aspects of the project, like the schedule and the budget. In this stage of the project, the decisions about how to manage and govern are made. What’s the Project Strategy? MORE
Without a clear, concise, measurable description of Done the probability of success for the project arriving on time, on budget with the needed capabilities, is low. Agile software development is framed by a manifesto , a set of 12 principles, several methods. MORE
The budget looks a little strained, which will soon be sorted once approval for development is given and then the cash will start to flow. Additional budget -the Company Board approved the extra expenditure. Project governance – many projects are risky. MORE
We were one of the first users of eXtreme Programming, long before Scrum was around and presented that early work in 2003, " Making Agile Development Work in a Government Contracting Environment, Measuring velocity with Earned Value." . Plans are Strategies. Strategies are Hypotheses. MORE
Governance (#Governance). Strategy (#Strategy). Six Business System Rule - defines the assessment of the integrated business systems for Federal procurement and their integrity in providing information to the Government contracting office. . Governance. MORE
When we hear a suggestion about a process that inverts the logic of normal business activities based on a governance framework - say Microeconomics of Software Development, we need to ask who benefits? Governance is about decision rights. Your Project Needs a Budget and Other Things. MORE
If and when this training has been completed and there is a budget then let’s take into account people’s personal development needs. They put the course onto their timetable and have been inundated with requests; too many for the budget. MORE
It read: “A SATISFIED CUSTOMER IS THE BEST BUSINESS STRATEGY OF ALL”. It’s not a worthy strategy for project managers, either. Delivered ahead of schedule, below budget, and gave us more than we asked for. MORE
The event’s title of “ How to ‘Brexit-Proof’ your Project Strategy before December 14th 2018 ” provided a clear picture of the key strategies you should employ in order to best prepare for Brexit. MORE
IT project governance framework has since been the answer to this equation, but people seemed not to fully grasp its function. This article tackles the importance and significance of IT Project Governance Framework and its impact on the projects in the organization. Project governance is crucial component of every project since the responsibilities that come with it are interconnected with different business cases, as well as the project’s overall success. MORE
The greater the flexibility of the funding strategy, the greater the chance the team will produce a quality product and the greater the chance that they will delight their stakeholders. But greater flexibility generally requires a more skillful approach to governance and project management. MORE
We were on of the first users of eXtreme Programming, long before Scrum was around and presented that early work in 2003, " Making Agile Development Work in a Government Contracting Environment, Measuring velocity with Earned Value." . Plans are Strategies. Strategies are Hypotheses. MORE
So the counter to this is to set and agree clear expectations for progress, budget, and delivery of outcomes right at the start. At its simplest, I’ll set a: Planned, or baseline, set of outcomes, budget, and progress rate. Stretch set of outcomes, budget, and progress rate. MORE
This will hep you improve your budget and schedule estimates, and therefore reduceover-runs. Your biggest wins will come from better governance, with little or no extra cost and time overhead. Access resources and budget. And what about governance? MORE
Arras People
JANUARY 8, 2019
The event’s title of “ How to ‘Brexit-Proof’ your Project Strategy before December 14th 2018 ” provided a clear picture of the key strategies you should employ in order to best prepare for Brexit.
Arras People
NOVEMBER 20, 2018
The biggest news for many project management practitioners in the 2018 Budget delivered by Philip Hammond, was his decision to delay any implementation of the new IR35 regime in the Private Sector until April 2020. The post 2018 Budget Adds New IR35 Twist appeared first on arraspeople.
Strategy Execution | PMO Perspectives
JULY 4, 2019
In recent years, portfolio management has evolved from an administrative process, in which projects are selected and prioritised, to one of the key ways in which organisations can focus on strategy implementation. Portfolio Management Strategy Execution
Project-Management.pm
JULY 15, 2017
IT project governance framework has since been the answer to this equation, but people seemed not to fully grasp its function. This article tackles the importance and significance of IT Project Governance Framework and its impact on the projects in the organization. Project governance is crucial component of every project since the responsibilities that come with it are interconnected with different business cases, as well as the project’s overall success.
Moira Alexander
MAY 2, 2017
Think of the strategy and PM connection in construction terms, where the step of pouring footings and foundations needs to adequately support all other work that follows and ultimately the final structure -- in this analogy the final structure are the end goals. Suresh Srinivasan, CTO at NYU Langone Medical Center , tells CIO, within the NYU IT department there are two key components that link the business strategy and project management.
Planview
APRIL 12, 2018
Meeting the demands of ever-changing priorities within a government can lead to inconsistent processes, departments with limited visibility into what is being worked on, and no ability to monitor investments. The New Zealand Government Case Study.
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Planview
JANUARY 8, 2019
Now, let’s get into the first two process areas by examining why it is crucial for your organization to align strategy, financials, and execution. Funding and Budgeting. The funding and budgeting process usually begins with an annual proposed order-of-magnitude budget.
Online PM Courses
JULY 30, 2018
Misalignment with Organization’s Goals, Objectives, Strategy. – 2 – Governance. Governance is hardly the most sexy of project management disciplines. Good governance is a cornerstone of project success, so poor governance inevitably leads to project failure.
Herding Cats
APRIL 16, 2019
Governance (#Governance). Strategy (#Strategy). Six Business System Rule - defines the assessment of the integrated business systems for Federal procurement and their integrity in providing information to the Government contracting office. . Governance.
Herding Cats
APRIL 29, 2017
If I'm risking two weeks of work for the Scrum team of 5 people it's a much different need from the risk of a $10B manned spaceflight program being supported to congress for budget authorization. . What is an estimate?
Online PM Courses
SEPTEMBER 24, 2018
So the counter to this is to set and agree clear expectations for progress, budget, and delivery of outcomes right at the start. At its simplest, I’ll set a: Planned, or baseline, set of outcomes, budget, and progress rate. Stretch set of outcomes, budget, and progress rate.
|
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Ron Rosenhead
AUGUST 4, 2016
The budget looks a little strained, which will soon be sorted once approval for development is given and then the cash will start to flow. Additional budget -the Company Board approved the extra expenditure. Project governance – many projects are risky.
Herding Cats
MARCH 30, 2019
Without a clear, concise, measurable description of Done the probability of success for the project arriving on time, on budget with the needed capabilities, is low. Agile software development is framed by a manifesto , a set of 12 principles, several methods.
Ron Rosenhead
MARCH 15, 2017
For the first time in the last five years of this research, we see that more projects are meeting original goals and being completed within budget.”. Risk management strategies. The best executive sponsors have detailed knowledge of a project and how it connects to business strategy.
Online PM Courses
MAY 7, 2018
This will hep you improve your budget and schedule estimates, and therefore reduceover-runs. Your biggest wins will come from better governance, with little or no extra cost and time overhead. Access resources and budget. And what about governance?
ProjectManager.com
MARCH 27, 2019
The greater the flexibility of the funding strategy, the greater the chance the team will produce a quality product and the greater the chance that they will delight their stakeholders. But greater flexibility generally requires a more skillful approach to governance and project management.
Ron Rosenhead
APRIL 13, 2016
If and when this training has been completed and there is a budget then let’s take into account people’s personal development needs. They put the course onto their timetable and have been inundated with requests; too many for the budget.
Online PM Courses
JANUARY 8, 2018
It is an important part of project governance that looks both backwards and forwards. Let’s set aside the very important governance imperative. But what if governance were unimportant to you… or your organization?
Ron Rosenhead
JULY 20, 2016
Strategies for Project Sponsorship published by Management Concepts. However this needs to be couched in project management terms; the link with project risks or the budget seems small for the tight timetable or the skills you need are not available.
ProjectManager.com
AUGUST 21, 2019
Good cost estimation is essential for keeping a project under budget. Cost estimation is the process that takes those factors into account, and calculates a budget that meets the financial commitment necessary for a successful project.
ProjectManager.com
AUGUST 27, 2019
For example, a government project is going to have a state official as project sponsor who will work with the construction company’s project manager. Aligns project with business strategy, goals and objectives. Governance.
ProjectManager.com
AUGUST 29, 2018
Project managers rely on a good design to avoid pitfalls and provide parameters to maintain crucial aspects of the project, like the schedule and the budget. In this stage of the project, the decisions about how to manage and govern are made. What’s the Project Strategy?
Herding Cats
APRIL 30, 2019
It assessed the current state of its e-commerce activities, defined goals, and strategy for its digital business, and developed a roadmap that would allow Hertz to realize its vision. We play this role in ERP acquisitions for commercial and government clients .
Herding Cats
OCTOBER 22, 2018
IT project failure starts with demanding the project maintain its budget and delivery times in the absence of a Plan to go along with the Schedule of the work. The Plan is the strategy for the development of these capabilities.
Arras People
AUGUST 7, 2019
Project Managers will then have clear budgets against which performance is measured against promoting a Performance reporting system, not a Financial accounting system. Contract Budget Baseline (CBB) breakdown.
The IIL Blog
JANUARY 17, 2019
It read: “A SATISFIED CUSTOMER IS THE BEST BUSINESS STRATEGY OF ALL”. It’s not a worthy strategy for project managers, either. Delivered ahead of schedule, below budget, and gave us more than we asked for.
Herding Cats
FEBRUARY 9, 2019
We were one of the first users of eXtreme Programming, long before Scrum was around and presented that early work in 2003, " Making Agile Development Work in a Government Contracting Environment, Measuring velocity with Earned Value." . Plans are Strategies. Strategies are Hypotheses.
LiquidPlanner
SEPTEMBER 6, 2018
Align Agile project management with your organization’s strategy. Here’s a strategy to consider: Consider separating your CFO from the rest of the CxO herd, and focus on turning the CFO into your champion. COO attention = budget.
Herding Cats
JANUARY 23, 2019
We were one of the first users of eXtreme Programming, long before Scrum was around and presented that early work in 2003, " Making Agile Development Work in a Government Contracting Environment, Measuring velocity with Earned Value." . Plans are Strategies. Strategies are Hypotheses.
ProjectManager.com
MARCH 8, 2018
The project manager is the one who is tasked with delivering a successful project, on time and within budget. The role is mostly operational, meaning it involves planning and governance for overseeing the program and its successful delivery. Determine strategies to achieve objectives.
Herding Cats
JULY 16, 2017
These capabilities are connected to the business strategy. They implement that strategy. The order of the needed Capabilties in defined in the business strategy. . You're late and over budget before you start, and have lowered the probability of technical success.
Moira Alexander
JANUARY 18, 2017
PMI's Pulse of the Profession report shows "only 64 percent of government strategic initiatives ever meet their goals and business intent -- and that government entities waste $101 million for every $1 billion spent on project and programs.". How does this bill impact PM practices within the federal government? The PMIAA bill impacts all areas of the government with the exception of the Department of Defense (DOD). How does this impact government agencies?
Herding Cats
SEPTEMBER 15, 2016
When we hear a suggestion about a process that inverts the logic of normal business activities based on a governance framework - say Microeconomics of Software Development, we need to ask who benefits? Governance is about decision rights. Your Project Needs a Budget and Other Things.
Herding Cats
JUNE 9, 2018
What is the Plan to reach done at the needed time for the needed budget, with the needed outcomes? What Impediments will be encountered along the way to Done and what are the handling strategies for each impediment?
ProjectManager.com
AUGUST 9, 2018
Your job is to determine the approach that will give you and your team the best chance of delivering your project safely, accountably, on time and to budget. Some goes to your governance tiers, your boss, client or sponsor, and some goes to your team and colleagues.
Herding Cats
AUGUST 22, 2018
We were on of the first users of eXtreme Programming, long before Scrum was around and presented that early work in 2003, " Making Agile Development Work in a Government Contracting Environment, Measuring velocity with Earned Value." . Plans are Strategies. Strategies are Hypotheses.
ProjectManager.com
NOVEMBER 28, 2018
Governments, for example, use them to prepare for disaster recovery or economic disruption. The contingency plan is a proactive strategy, different from a crisis management plan, which is more of a reaction to something that happened.
Herding Cats
JUNE 4, 2017
Plans are strategies for success. Strategies are hypotheses. Show up over budget for the ERP, the ROI we told the Board of Director is now wrong. No matter the size of the project. No matter the project domain.
Herding Cats
SEPTEMBER 7, 2016
Hope is not a Strategy. Your Project Needs a Budget and Other Things. Agile Decision Making Estimating Governance Management PrinciplesI came across a couple of interesting tweets over the weekend. Scrum is) more defined rather than empirical process. Agile in name only.
Herding Cats
AUGUST 5, 2017
Hope is Not a Strategy. The Plan for the project is the Strategy for its successful completion. The performance dimension of Monte Carlo simulation modeling A structured approach for developing a risk handling strategy.
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