The Three Things Every Project Manager Must Know about Project Governance

Ron Rosenhead

It covers the very important topic of project governance. Project Governance is often seen as getting in the Way. Good Governance Adds Value. But good governance is not about meddling. Project governance is an essential discipline. Good Governance Sets Direction.

Kingspan Insulation Enables Growth with Successful Product Portfolio Governance

Arras People

If your organisation does not have effective product portfolio governance, growth can quickly become overwhelming and lead you into making inaccurate decisions. Risks can then be more closely monitored by senior management and stakeholders trust the data. Growth is a good thing. Right?

Kingspan Insulation Enables Growth with Successful Product Portfolio Governance

Arras People

If your organisation does not have effective product portfolio governance, growth can quickly become overwhelming and lead you into making inaccurate decisions. Risks can then be more closely monitored by senior management and stakeholders trust the data. Growth is a good thing. Right?

The Origins of Scrum and Empirical Closed Loop Control

Herding Cats

This took me back since Scrum is derived from an empirical closed loop control system developed in the USAF by Col. And of course: Assessing the outcomes of the feedforward and feedback loops is the basis of all Closed Loop control system. See link below on Closed Loop Control).

Closed Loop Control and Granularity of the Estimating Process

Herding Cats

For any closed loop control system ‒ let’s assume we want to manage our project with such a system ‒ has a signal representing the current state of the system. To control this process using feedback and corrective actions ‒ in the same way, your closed loop controller for your air conditioner or heater does - a sampling rate is determined based on the rate of change of the underlying processes. Managing software development projects is a Closed Loop control system.

Rogue Project Sponsor: What to Do when Sponsorship goes Bad

Online PM Courses

Show them how close to the bone you are in achieving your outcomes. Or maybe you’ll need to make the choices yourself, and take the governance risk on your own shoulders. In All Cases, Look to Your Governance Structure.

2018 192

APM Salary and Market Trends Survey 2017 – A Review

Arras People

Before closing I must address the elephant in the room. PM Governing Bodies / Organisations Project Management Benchmark Reports APM PMBR Salary Survey

2017 156

Why the Stage Gate Process will Make You a Better Project Manager

Online PM Courses

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?

Men, Women & the PMP [Infographic]

Girl's Guide to PM

I’d like to read some more research before I confirm that the ‘gap is closing fast’ because the latest I heard – although I can’t put my finger on the stats right now – is that women still have a long way to go before equal pay for equal work becomes a reality.

2016 382

Increasing the Probability of Project Success

Herding Cats

and the connections between each Process are made to form a Closed Loop control systems needed to manage any project. Increasing the Probability of Project Success Simple in Theory, Complex in Practice.

3 Questions That Must Be Asked at Every Project Management Meeting

Herding Cats

And finally, since all project work operates in the presence of uncertainty, we must make estimates in order to execute the project in a Closed Loop manner. These questions and the principles, processes, and practices to support them are Governance of the project.

How Gap Analysis Can Improve Your Project Management

ProjectManager.com

It comes from doing in-depth marketing research, and sometimes data from government or industry studies. You know why there’s a gap, so you must now devise a way to close it. Finally, figure out the date at which the gap will be closed. Plan all you want.

2019 252

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

Herding Cats

Making technical and management decisions in the presence of these uncertainties to Deliver the needed Value at the needed Time for the needed Cost , requires a Closed Loop Control process. There's a popular phrase in some parts of the agile community that goes like this.

Fallacy of the Day

Herding Cats

In the Project Controls paradigm, Value is a measurable attribute of the project controls process - a Closed Loop Control measure. Each of these measures participates in the Closed Loop Control Systems. This is the basis of Closed Loop Control. Closed Loop Control System.

The #NoEstimates Paradigm and Response

Herding Cats

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. Management is a closed loop process.

2016 64

From Mission Capabilities to Done

Herding Cats

These measures are: Measures of Effectiveness (MOE) – are the operational measures of success that are closely related to the achievements of the mission or operational objectives evaluated in the operational environment, under a specific set of conditions.

Good Reason to Have Lots of Bad Ideas

Herding Cats

The column starts with Pauling's principle of electroneutrality stating each atom in a stable substance has a charge close to zero. This approach provides for bad ideas to evolve into good ideas once the idea comes in contact with principles or business governance. Those who pay usually have some form of governance of their money. . Governance is About Decision Rights. Here's some more backgrund on Governance. NoEstimates Governance Principles

2016 36

Connecting "What" with "How" - and the Failure to Understand the Principles of Systems Engineering and Systems Management

Herding Cats

Measures of Effectiveness - are operational measures of success that are closely related to the achievements of the mission or operational objectives evaluated in the operational environment, under a specific set of conditions. It's been said by an agile voice that.

Inspiring Women in Project Management: Amy Hamilton

Girl's Guide to PM

I currently perform IT Project Management for the US Government in Stuttgart, Germany. In my career I have served as an Army Officer on Active Duty, as a contractor in the IT field for the US Government and for the past ten years as a Government Civilian.

2017 318

Physical Percent Complete: Knowing When You Are Done

Herding Cats

Thus, the work package for preliminary design cannot be “closed” (closure conditions satisfied) until the document and the TPM conditions are met.

PRINCE2: An Introduction to the Project Management Methodology

ProjectManager.com

Project managers who aren’t based in the United Kingdom might not be intimate with the PRINCE2 method of managing a project, which is primarily used by the British government. They have authority on initiating the project, delivering its product and closing the project.

Cone of Uncertainty

Herding Cats

Definiing the planned and needed varaince levels at planned points in the project creates the basis of a closed loop control system to increase the probability of success. Estimating Governance Management Planning Risk Root Cause Analysis

#NoEstmates and the System of Profound Ignorance (SOPI)

Herding Cats

Lack of Appreciation for the System of business management - business management is a closed loop process to maximize the Value in exchange for the Cost. NoEstimates GovernanceDeming's approach to problem solving is based on The System of Profound Knowledge (SOPK). The anti-pattern to SOPK is The System of Profound Ignorance (SOPI). .

2016 44

Concept of Operations

Herding Cats

Measures of Effectiveness - Operational measures of success that are closely related to the achievements of the mission or operational objectives evaluated in the operational environment, under a specific set of conditions.

Economics of Software Development

Herding Cats

Managing in the presence of uncertainty requires a Closed Loop Control process. Without that target and the error bands on the target and the processes used to steer, Close Loop Control will be ineffective - constantly chasing a moving target , with understanding of what could result, versus what should result. . NoEstimates Economics Estimating Governance Mathematics Principles

Misinterpretations of the Cone of Uncertainty

Herding Cats

Closed Loop Stochastic Adaptive control in the presence of Evolving Uncertainty. Management of this reduction work and measurement of the progress is a Close Loop Control System paradigm. Closed Loop Control, has a goal, an action, a measurement, and a corrective action.

The Trouble with Charts

Herding Cats

They look pretty close. NoEstimates Agile Estimating Governance Management Mathematics PrinciplesToday the Rally chart reappeared. This chart is from " The Impact of Agile Quantified.". This chart shows a performance index. But, a VERY critical caveat of the report is.

2006 44

Misunderstanding Making Decisions in the Presence of Uncertainty

Herding Cats

Accuracy - how close is the estimate to the actual value? Federal Government, in support of OMB Circular A-123.”. NoEstimates Debunking Decision Making Estimating Governance Mathematics Principles Risk Systems Theory

2003 52

Cone of Uncertainty - Part Cinq

Herding Cats

The planned value, the upper and lower control limits, the measures of actual values form a Close Loop Control System - a measurement based feedback process to improve the effectiveness and efficiency of the project management processes by [1].

2007 43

Management Styles: Which One’s Right for You?

ProjectManager.com

The best way to choose a management style is to discover which method closely aligns with who you are as a leader, and then tweak it to fit the context of your working environment. There are many different management styles, and unfortunately, there is not a one-size-fits-all solution.

2018 231

Cone of Uncertainty - Part Deux

Herding Cats

This is a closed loop control system for managing the program with a T echnical Performance Measure (TPM). Defining the planned and needed varaince levels at planned points in the project is the basis of the closed loop control system needed increase the probability of success.

Cone of Uncertainty - Part Cinq (Updated)

Herding Cats

This is the basis of Closed Loop Project Control Estimates of the needed reduction of uncertanty, estimates of the possisble reduction of uncertainty, and estimates of the effectiveness of these reduction efforts are the basis of the Close Loop Project Control System.

2007 39

Cone of Uncertainty - Part Trois

Herding Cats

The planned value, the upper and lower control limits, the measures of actual values form a Close Loop Control System - a measurement based feedback process to improve the effectiveness and efficiency of the project management processes by [1].

2007 36

When projects go wrong and it's the worst possible moment

Susanne Madsen - Developing Project Leaders

But two days after its initial opening it was forced to close due to safety reasons. As a result of this oversight the bridge was closed to the public just two days after its initial opening.

Business Forecasting: Why You Need It & How to Do It

ProjectManager.com

This approach is often used when you need to predict unknown values, as it allows you to make calculations based on past averages, where one assumes that the future will closely resemble the past. If only we were able to predict the future, we’d all be rich.

2018 230

Lessons Learned - A suggested Process

Project Health Check

a) What mechanism can be used for verifying it, such as a specific project metric during a specific governance forum (b) exactly when the monitoring should take place, and then (c) the precise results of the monitoring activity.

Using Digital Transformation to Be More Efficient

ProjectManager.com

Digital transformation can be something as narrow as deciding to go paperless, or as wide as impacting entire segments of society, such as governance, mass communications, art, medicine and science.

2018 207

How to recruit an outstanding project manager (Part I)

Susanne Madsen - Developing Project Leaders

Instead she works closely with team members and is not afraid of getting her hands dirty.

What Can a Project Manager Do Next? The Project Manager Career Ladder

Project Bliss

The Portfolio Manager may also establish portfolio governance standards and procedures for approvals, reporting and other needs. You’d work closely with the product development team by laying out the roadmap and developing a plan, and then ensuring that the team stays on target.

2017 258

Program Manager Job Description – Plus! Cut & Paste Example

ProjectManager.com

These courses tend to be no longer than half-a-year in duration and teach how to define, measure and sustain a planned program, while covering topics like program governance, stakeholder engagement and strategies related to managing a program of projects.

2018 204