What Does Project Governance Really Mean?

ProjectManager.com

Projects like anything that involves a lot of people working together need governance. The government runs a nation and project governance in the same fashion runs the project. What Is Project Governance? The Three Pillars of Project Governance.

Enterprise Risk Management (ERM) and Risk Governance

Management Yogi

Let’s consider the following scenario based true events which occurred within an organization I worked closely with recently. Enterprise Risk Management Guaranteed RMP Risk Governance Risk Management RMP 30 Contact Hours RMP Book RMP Live Lessons

Insiders

Sign Up for our Newsletter

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

Enterprise Risk Management (ERM) and Risk Governance

MPUG

Let’s consider the following scenario based true events which occurred within an organization I worked closely with recently. I came to know that there were no consistencies within risk governance parameters, such as risk appetite , or risk threshold , for example. Types of Governance.

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. So, if you had to know just three things about project governance, what would they be? Good Governance Sets Direction. This is a governance role. Good Governance Makes Decisions. That is governance.

2016 204

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. The post Kingspan Insulation Enables Growth with Successful Product Portfolio Governance appeared first on arraspeople. 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? It means your business is doing well, reaching new customers, obtaining greater market share. Well, not necessarily.

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.

Project Governance: Establishing an Effective Steering Committee

Strategy Execution | PMO Perspectives

Within the project management community, the concept of governance is seen as a fundamental project control, which is easy to grasp in principle. Getting the governance piece right requires insight and at times a few honest conversations about roles and responsibilities. Unfortunately, it’s not uncommon that I see projects with one of the following dysfunctions in the governance area: It’s unclear to the project manager who the sponsor is.

Vendor Showcase Recap: Triskell Software for Enterprise Governance

MPUG

Please find below a transcription of the audio portion of Rich Murphy’s showcase session, Triskell Software for Enterprise Governance, being provided by MPUG for the convenience of our members. We have a lot… We’ve got several European government agencies.

Vendor Showcase Recap: Triskell Software for Enterprise Governance

MPUG

Please find below a transcription of the audio portion of Rich Murphy’s showcase session, Triskell Software for Enterprise Governance, being provided by MPUG for the convenience of our members. We have a lot… We’ve got several European government agencies.

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. Close Loop Thinking. Agile Decision Making Estimating Governance Management PrinciplesI came across a couple of interesting tweets over the weekend.

Tailoring project management for a home move (part 2)

Kiron Bondale

Governance Project Management communications project management QualityIn my last article, I had written about our current personal project of moving from our current home to a new house in a different city. After it was published, I received some feedback ( thanks Luis!

2021 193

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. One of the principle purposes of project governance is decision-making. Above or around your rogue Project Sponsor should be a strong governance body. If that does not flush out a formal sponsor, then follow your close-down plan.

2018 134

A Compendium of Works to Increase the Probability of Project Success

Herding Cats

Project Governance. Open Loop / Closed Loop Project Controls. Agile Software Development for Government Software Intensive System of Systems (SISoS) , Boulder Agile Meetup, 27 July 2016. Governance. Program Governance Roadmap. Principles of Program Governance. Making Agile Development Work in a Government Contracting Environment, Measuring Velocity with Earned Value , Glen B.

2008 45

Knowledge Management: Share the Wisdom

Project Management Essentials

Our enterprise governance organization regularly promulgated new policies and standards that were a poor fit for many project fact patterns. Closing the Project: 10 Ways of Embedding Lessons Learned in the Organizational DNA. Closing a Project: Ask the Right Questions. Leadership Project Management PM Skills Project Close TrainingKnowledge Management (KM) is broadly defined as the process of creating and sharing information across the organization.

Lean 40

Compendium of Works to Increase Probability of Project Success

Herding Cats

Governance (#Governance). 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. . Managing Government Grant Projects at Arizona Public Service - APS management process for Department of Energy grant for algae CO2 capture project. Open Loop / Closed Loop Project Controls - project management is a closed loop control system.

2019 37

Gate Reviews: What Project Managers Need To Know

Rebel’s Guide to PM

Project governance is an important part of project management processes – even if it’s not the most exciting part of getting work done. Governance is a key part of that, and gate reviews are part of navigating through the project.

2022 306

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? And of course, it isn’t just you who will be studying this evidence closely. ’ PRINCE2 and the UK Government refer to Gate 0 – Strategic Assessment. PRINCE2 and the UK Government refer to Gate 1 – Business Justification.

2018 66

Easter Vacation 2020

Arras People

The Arras People team will be taking a break over the Easter Weekend and all operations will be closed from Thursday evening on the 9th April 2020 until 9-00am on Tuesday 14th April 2020.

2020 229

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. Capabilities Earned Value Estimating Governance Management Performance-Based Project Management® Principles Requirements Risk Root Cause Analysis Technical Performance MeasuresIncreasing the Probability of Project Success Simple in Theory, Complex in Practice.

2017 69

Program Managers: The Next Gen Business Strategists

International Institute for Learning

Program managers must continually ensure that program performance is synchronized with the strategic objectives and closely supported by the key stakeholders. He also led the firm’s Middle East and North Africa Portfolio Management and Agile Governance Solutions. By Dr. Al Zeitoun.

2022 85

Artificial Intelligence And Transformation Team Implications

International Institute for Learning

Firstly, there needs to be close connectivity between the strategisers of the organisation’s future and designers/builders of the AI technology (Farrow, 2021). Data cleansing and data governance becomes critical when AI mechanisms are being used in portfolio decision and monitoring processes.

2022 82

Artificial Intelligence And Transformation Team Implications

International Institute for Learning

Firstly, there needs to be close connectivity between the strategisers of the organisation’s future and designers/builders of the AI technology (Farrow, 2021). Data cleansing and data governance becomes critical when AI mechanisms are being used in portfolio decision and monitoring processes.

2022 82

Project Boards and Project Steering Groups: An Introduction

Rebel’s Guide to PM

Here’s an introduction to these important groups as part of the governance framework so you can get yours set up and working on your project. A project board provides oversight and governance for the project. What you need is adequate governance for the project.

2022 281

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? It is likely those paying us have some sort of governance process in place for managing the spend of that money. Governance is about decision rights. Management is a closed loop process. Another No Estimates advocate claims NE is closed loop control.

2016 49

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

2017 36

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. NoEstimates Capabilities Decision Making Estimating Governance IMP/IMS Management Principles Project Management Risk

2018 35

Deconstructing the Hertz and Accenture Debacle

Herding Cats

We play this role in ERP acquisitions for commercial and government clients . A mentor taught me a nice phrase when we were helping a large government nuclear and conventional power general agency acquire large document management and design system (about the same dollar size as this). This is a foundational principle of program planning and controls just as it is a principle of closed-loop control systems.

2019 36

Project Management Process: The Basics

Clarizen

Closing : processes required to formally end a project, or a phase of a project. . The initiating project management process group governs the tasks and steps that are needed to define and formally authorize a new project, or a major new phase of an existing project. Closing.

10 Strategies for Successful Project Execution

ProjectManager.com

Is your organization failing to close the gaps between strategy and project execution? you can use to help you close those gaps, yet it isn’t easy. Williams’ book takes it one step further to clearly identify “six execution gaps” to close for realizing repeatable project success.

DDSTOP The Saga Continues

Herding Cats

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." . This is a closed loop system optimization process applied to all the projects we work. Satisfy the governance and oversight requirements of the firm providing the money.

2019 37

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. Without that target and the error bands on the target and the processes used to steer, Close Loop Control is ineffective - constantly chasing a moving target , with an understanding of what could result, versus what should result. .

2018 39

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. Agile Capabilities Decision Making Estimating Governance IMP/IMS Management Performance-Based Project Management® Planning Project Management Requirements Risk Root Cause Analysis Scheduling Technical Performance Measures

2017 35

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. 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. Each of these measures participates in the Closed Loop Control Systems. This is the basis of Closed Loop Control.

2017 34

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. Architecture Capabilities Decision Making Earned Value Estimating Governance IMP/IMS Management Performance-Based Project Management® Principles Project Management Scheduling

2018 38

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 TheoryThere was a Tweet two days ago from one of the founders of eXtreme Programming, that said. What happens if you shift focus from "accurate estimation" to "reliably shipping by a date"? .

#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

What Is a Stakeholder? Definitions, Types & Examples

ProjectManager.com

These people can be suppliers, customers, creditors, clients, intermediaries, competitors, society, government and more. Government: These stakeholders get taxes and gross domestic product from a project. Stakeholders are important to every project.

2022 400

What’s in YOUR risk register?

Kiron Bondale

How we do it will vary based on the context of the project being managed, the needs of the stakeholders and the policies or standards governing the practice, but in general, a risk register is a common standalone artifact, RAID log section or information radiator.

Risk 186

Project Management: Agile and Waterfall Explained

International Institute for Learning

A phase usually ends before the next one starts, and the sequence is traditionally 5 Phases: Initiation, Planning, Implementation, Controlling, and Closing. Closing : Hurray! It is very common in construction, infrastructure, and government programs. .

2021 87