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.

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.

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 130

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?

2018 64

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.

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 54

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 94

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.

2018 71

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 269

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.

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). .

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

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 82

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.

SCRUM 63

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].

2005 65

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.

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].

2005 52

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 188

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.

2021 229

How to Create a Project Assumptions List: Examples and Template Included

Project Bliss

Project will follow team governance guidelines and requirements. Status: Open or closed. As assumptions and dates pass, you can mark those items as closed.

2018 159

Project Manager Roles and Responsibilities: What does a PM Really Do?

Project Bliss

You’ll w ork closely with the team and those who’ll be doing the work. As the project manager, you may report to stakeholders, governance bodies, and anyone else who needs project information. Work closely with the customer and stakeholders. Closing the project.

2017 194

Project Procurement Management [All the basics you need to know]

Online PM Courses

Where the provider is a part of the same organization, provision is often governed by a service-level agreement (SLA). There are many different types of contract you may use to govern the goods and services, and how you pay for them. Closing. Closing.

2018 62

The Classic Misunderstanding between Principles, Practices, and Process

Herding Cats

Yes, pretty close. Those that objected to the early XP approaches were right to criticize the lack of governance and actionable outcomes. Since we and I was one of them, saw XP as essentially hacking in the absence of those governance processes.

President Trump and The Need for Accurate Information

Arras People

The people governing your organisation are coming under increasing pressure to know what is going on at every level – and to take appropriate actions as necessary. We can, however, have a major influence on how information is created and disseminated in the governance system.

The Calm Before the Project Management Storm

Arras People

So now we have to see what happens with: Our Government. We, the profession, kid ourselves if we think that the first person the Prime Minister or members of the Government or those Civil Servants in Whitehall think of is us.

Procurement Management: PMP Study Guide (PMBOK 6th Edition)

ExamsPM

Project Procurement Management is the process of selecting, monitoring and closing vendor contracts. Close Procurement. Close Procurement. Close Procurement is the process of finalizing and completing the procurement. Procurements are closed: When a contract is completed.

Principles of Cost and Schedule Estimating

Herding Cats

One notion in a governance paradigm is It's Not Your Money . Government and commercial firms record past performance and use Reference Class Forecasting to develop risk-informed estimates for future performance.

Building A Vendor Management Office: Lessons From Insurance And Airports

Project Management Hacks

Classify Your Vendors And Govern Accordingly. As you create a governance program, it’s important to apply different levels of governance depending on cost, risk and importance. With the GTAA, they had a major contract with an IT firm close to expiration.

2016 74

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.

3 Tips for Effective Communication on Remote Teams

LiquidPlanner

While I no longer work remotely, I do work closely with remote teammates at LiquidPlanner. Related: 5 Governance Steps for Distributed Project Management. Three years later, I can still vividly remember my first day as a remote worker.

2018 69

Taxing Times for Project Management Practitioners in the Public Sector

Arras People

This in itself proved be a really interesting insight into how Government departments go about taking an idea and pushing it through the legislative process.

2017 151

Successful Stakeholder Management Needs Teams

Girl's Guide to PM

Government agencies. However, it’s important that you still maintain governance over the progress of the project. For instance, the highly influential and interested stakeholders much be managed closely and constantly. This is a guest article by Isidora Roskic.

2016 192

Project Manager vs. Program Manager: A Side-by-Side Comparison

LiquidPlanner

Here, I’ve categorized some of these differences across the initiation, planning, execution and close lifecycle steps. Apply program governance. The closure phase is the last phase where the project or program manager formally closes the project. Close financial contracts.

2016 82