Information Technology Risk Management

Herding Cats

Risk Management is How Adults Manage Projects - Tim Lister (IBM). It can't be stated too often - either manage risk, or risk will manage you. Projects without risk management are late and over budget before they start. Reducible uncertainties can have specific actions to reduce to risks that result from the uncertainties. Here's a paper describing how to manage an IT project with Risk Management.

How Poor Risk Management Is Hurting You

Project Risk Coach

Poor risk management is costly. Project managers are caught off guard by emerging risks. And these risks may turn into issues costing more time and money. We can identify risks early. Tom was promoted to program manager after only 12 months with the company.

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Top 3 Essential Technical Project Manager Skills

Wrike

In a world that’s becoming more technology driven, the role of the technical project manager – or TPM, as it’s come to be known – has established itself as a distinct subset of project management. So what exactly separates the technical project manager from a non-technical PM?

12 Wonderful Ways To Improve Your Risk Management

Project Risk Coach

John Smith was hired as a new project manager at a leasing company, and he was assigned a small project with a team of six people. How well did John use risk management to accomplish his goal? He and his team completed a project plan and identified project risks.

2016 209

Risk Management Resources

Herding Cats

Risk Management is essential for development and production programs. Information about key project cost, (technical) performance, and schedule attributes is often uncertain or unknown until late in the program. Effective Risk Management 2 nd Edition , Edmund Conrow, AIAA, 2003.

Risk 45

A Compendium of Risk Management Resources

Herding Cats

This blog page is dedicated to the resources used to manage the risk encountered on software-intensive systems using traditional and agile development methods. Let's start with a critical understanding of the purpose of managing risk on software development projects.

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Why Use Project Management Software for IT Teams?

ProProfs Project Management

Managing risks as and when they are encountered? Stakeholder Management. Change Management. Risk Management. Communications Management. So, let’s check why is it essential to use a project management software for IT teams and its key benefits.

Compendium of Works to Increase Probability of Project Success

Herding Cats

Business, Technical, Systems, Risk, and Project Management Briefings and Presentations. Management Processes (#MP). Project Performance Management (#PPM). Agile Project Management (#APM). Risk Management (#RM). Earned Value Management (#EVM).

2003 45

Top 7 Enterprise Project Management Software Tools

TrustRadius Project Management

TrustRadius has already done the work in compiling a list of the best project management software , according to end-users; but not all of them require the same scale of management or growth-optimization tools. Best Project Management Software for Enterprises. #1

2020 62

Biases in Project Management and How to Remove Them

Herding Cats

There is always lots of complaining about the biases introduced into managing projects and making the estimates needed to make project decisions. When System One works it is because of memories and past experiences inform the decision.

Complete Collection of Project Management Statistics 2015

Wrike

Need up-to-date facts and figures for a project management report, article, or infographic? Browse this collection of project management statistics collected from studies and reports from the past five years. Benefits of Project Management. —1A. Agile Project Management.

2015 64

What It Takes to be a Project Portfolio Manager

Wrike

. Did you wake up one morning and say to yourself, “I want to become a project portfolio manager!” We’ll dish out all the details on becoming a project portfolio manager, including examples of job descriptions and salary ranges. .

Biases in Project Management and How to Remove Them

Herding Cats

There is always lots of complaining about the biases introduced into managing projects and making the estimates needed to make project decisions. Cognitive bias - a mistake in reasoning, evaluating, remembering, or other cognitive processes, often occurring as a result of holding onto one's preferences and beliefs regardless of contrary information. When System One works it is because of memories and past experiences inform the decision.

#Noestimates Has Come to This

Herding Cats

Aleatory uncertainty produces an irreducible risk to the project. Epistemic uncertainty produces reducible risk, which can be dealt with directly with experiments, tests, redundancy, and other intervention processing. What's the Value at Risk ? No Risk Management.

2017 43

Book of the Month

Herding Cats

The ignorance that all project work contains uncertainty, that uncertainty is of two kinds - reducible and irreducible, and that uncertainty is the source of risk. . Essential Reading List for Managing Other People's Money. IT Risk Management. Who's Budget is it Anyway?

2017 36

No Pain, No Gain?

MPUG

In the field of information technology (IT), most people think that performing financial analyses on new projects is hard work, but it doesn’t have to be if you know what you are doing. Turning Project Financial Analyses into a Painless Exercise. Introduction. “No

2019 76

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. Define the risks - reducible and irreducible - to each Capability and their Features. What is the Value at Risk for your Project?

2019 48

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. Adaptability is of little use if you don't know the boundaries of the technology, processes, and uncertainties of the problem.

Concept of Operations

Herding Cats

IEEE Computer Society, March 19, 1998, IEEE Guide for Information Technology—System Definition—Concept of Operations (ConOps) Document (IEEE Std 1362-1998). Office of Management and Budget, December 5, 1994, Operational Concept Description (OCD) , Data Item Description DI-IPSC-81430.

2017 42

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. They don't care about cost, risk, schedule, the probability that they'll get what they paid you for. Irreducible Schedule Risk.

2018 42

The Urge to Strangle(The Strangler Pattern)

Leading Agile

Business agility means having the capability to “turn on a dime” at low cost and with low risk, to drive innovation, respond to market changes, and overcome the competition. Once a technology becomes part of the environment it tends to stay there, even after the shine wears off.

2018 101

Software Estimating Resources

Herding Cats

One of our clients, a retired USAF Col Program Manager at an NNSA Weapons Testing Site has a statement that is applicable here: If you lack academic basis and validated experience, your advice is simply unsubstantiated opinion without any basis in fact or principle.

Real Options and Decision Making for ICT Projects

Herding Cats

Traditional methods of quantitative cost-benefit analysis, like Net Present Value (NPV) or Discounted Cash Flow (DCF), either ignore or cannot properly capture the needs of management for flexibility to adapt and revise later decisions based on the uncertainties found on all IT projects. Real Options can be used to address the gap found in traditional capital budgeting methods. Some require memberships (IEEE, ACM), which any credible project manager should have anyway.

2008 31

Concept of Operations

Herding Cats

Johns Hopkins University's Whiting School of Engineering provides an approach to making the decision about what's in the ConOps and its format based on some Systems Engineering analysis of criteria: Program risks - reducible and irreducible uncertainties that create these risks. Funding constraints - how much money do we have, when can we spend it, what's our management reserve? Technology considerations - what limitations do we have? IT Risk Management.

2014 34

A Wrap Up of the #NoEstimating Conjecture Analysis to Date

Herding Cats

It has many good concepts, one serious math error, and connects well with how we manage and work billion dollar programs. No Estimates Mean Better Estimates? - Value at Risk means how much money and time are you willing to risk without understanding how much time and money is at risk.

2016 46

Observations from Computerworld's Premier 100 Conference

Knowledgeline

When you're in the same room with companies that have an IT budget that exceeds (gulp) 1 billion dollars, I knew I wasn't in Kansas anymore. It was awkward to walk around and not know many people, but I did manage to find Melvin Evins (an ILTA member), the only other person from a law firm that won an award. This is not to say they want failure on major projects, 'cheap' meaning that it be low in both cost and risk.

2010 43