article thumbnail

13 Reasons to Choose Agile Project Management Methods

LiquidPlanner

Robust agile estimation methods can improve quality by 250%. That’s largely down to consistent use of user stories, story points and breaking down stories into tasks with hour-based estimates. The work to estimate effectively requires teams to know a lot about what the task actually is.

Agile 174
article thumbnail

Professional Development Day 2022 – IGNITE!

International Institute for Learning

PMI has become and continues to be the leading professional association in project management. Active or Retired Military please reach out to VPProfDevelopment@PMI-Metrolina.org for information on discounted prices. Estimating and Applying Points with Agile – How to apply, and when is it done? Earn up to 10 PDU’s.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Creating a Risk-Adjusted Backlog

Leading Answers

While profit is not their goal, usually an economic impact figure can be estimated for the outcomes they aim to achieve. Then, in 2012 I presented a collection of Collaborative Games for Risk Management  at the Agile 2012 Conference in Dallas and PMI Global Congress in Vancouver. After The Economics of Risk Management.

Risk 145
article thumbnail

Do We Need Risk Management in Agile Projects?

MPUG

What agile adds to this, therefore, is a distinct cadence of its own iterations or drawdowns of tasks into the Work in Progress part of the Kanban Board. They are stories (or tasks) that the team creates for the sole purpose of exploring an issue to increase their understanding, reduce uncertainty, and improve estimation and decision-making.

article thumbnail

Harnessing the Power of the Muses: How Ancient Inspiration Fuels Modern Project Management

MPUG

Collaboration between project sponsors and stakeholders to develop the scope and best strategy is required for success, including estimations of time and costs. Ishikawa diagram, structured to the PMI knowledge management, areas, and the premortem technique of thinking about potential project failures.

article thumbnail

Troubleshooting in Lean-Agile Development

MPUG

It’s usually based on a cadence. As shown in the above figure, there is no regular timeboxed iteration, but incremental delivery can happen in cadence. When Inaccurate Estimation Results in Delayed Delivery. Estimates are often inaccurate because they are made in absolute numbers. This is depicted in the below figure.

Lean 64
article thumbnail

Unlock the Power of the Project Management Plan

Velociteach

Domain Management Plans describe how the project domains (PMI knowledge areas) will be planned, executed, and monitored. Acceptable variances, reporting cadence, and status meetings are addressed in the plan. Project Baselines and Other Performance Metrics. Agile projects are fundamentally different.