ProjectManager.com

NOVEMBER 30, 2023

This will include an accurate estimate of decentralized IT spending and shadow IT spending, the former being the distribution of functions, control and information, while the latter is IT-related hardware and software use without the knowledge of the IT department. There isn’t a definitive answer to that question.

Budget 343

Budget Software Review Infrastructure Monitoring 343

Rebel’s Guide to PM

MAY 3, 2022

Project definition. The project definition is something I’d definitely include in a project plan. Talk briefly about your approach to delivery, what project life cycle you are going to follow, and the project planning process. If your company has a standard risk management process, refer to that here.

Planning 322

Planning Software Review Risk Management Estimate 322

Rebel’s Guide to PM

AUGUST 29, 2021

The PMI definition of risk is: “an uncertain event or condition that, if it occurs, has a positive or negative effect on a project’s objectives.”. It’s our job to facilitate the discussion and extract those risks so they can be actively managed: that’s the risk management process. Poor estimating. We have the solution!

Risk 320

Risk Technical Review Risk Management Estimate 320

Leading Agile

FEBRUARY 5, 2024

Today, we’re exploring what it looks like to transform the way your company finances itself in a new, agile world. But you can’t just wave a magic wand and expect the finance team to forget everything they know and start trusting that you’ll deliver what you say you’re going to deliver based on just a wink and a handshake.

Finance 75

Finance Governance Government 2025 75

Herding Cats

NOVEMBER 22, 2017

Paul Boos has a post about estimating and makes a case for the Principles of when NOT to estimate. This struck a cord around a bigger topic - the inversion of estimating. When should we NOT estimate? Let’s start with the definition of a principle. That is, to make decision with “No estimates”.

Estimate 34

Estimate Governance Government Risk Management 34

Herding Cats

JULY 20, 2017

He doesn't know how - He doesn't understand how estimates fit into the process of business and managerial finance of product or service development. Those assigned to estimate do not relate to cost, schedules, or resources that drive the business and the decision made by the business by those estimates.

Estimate 35

Estimate Finance Manufacturing Risk Management 35

Scrum.org

OCTOBER 9, 2018

Please do avoid creating change request processes or Change Management boards. These change processes and Change boards cause decision latency. The contract should be explicit with how/when the initial Product Backlog will be developed and estimated. The estimates should be provided by the Scrum Team.

Software Developers 102

Software Developers Software Development Underperforming Technical Team Agile 102

TrustRadius Project Management

OCTOBER 27, 2022

With an ERP you can maximize daily business processes like optimizing workflow with project management tools or expediting the procurement process. You can also take a look at Enlyft’s list of ERPs and their estimated market shares here. An ERP goal is to make your team’s workload easier to manage with a robust set of tools.

Software Review 62

Software Review Software Technical Review Artificial Inteligence 62

TrustRadius Project Management

OCTOBER 27, 2022

With an ERP you can maximize daily business processes like optimizing workflow with project management tools or expediting the procurement process. . You can also take a look at Enlyft’s list of ERPs and their estimated market shares here. . An ERP goal is to make your team’s workload easier to manage with a robust set of tools.

Software Review 62

Software Review Software Technical Review Artificial Inteligence 62

Herding Cats

AUGUST 27, 2017

There's a recent post titled Four Fallacious Reasons to Estimate. It lists the usual suspects for why those spending the money think they don't have to estimate how much they plan to spend when they'll be done producing the value they've been assigned to produce for that expenditure. Let's look at each one in more detail.

Estimate 46

Estimate Software Review Underperforming Technical Team Technical Review 46

ProjectManager.com

AUGUST 4, 2022

It’s a system for organizing and financing the design, construction, operations and maintenance services for the build on which you’re working, be it in a structure or facility. Do they have the staff to oversee all of the processes involved? What Is a Construction Delivery Method? Are they used to working at this size and scope?

Construction 302

Construction Risk Management Risk Closing 302

Scrum.org

MARCH 16, 2024

Firehawk’s Terran 1 rocket engines and 3D-printed fuel Which components or processes could benefit from composability? Another underlying trend is the participation of individuals, civilians, and other associations in the financing and participatory design of products. Ukrainian drone "Sea Baby".

Agile 158

Agile Technical Review Manufacturing Innovation 158

Herding Cats

NOVEMBER 21, 2018

This, of course, is a violation of the principles of Managerial Finance and Microeconomics of software development in the presence of uncertainty and scarce resources. Since each of these elements operates in the presences of reducible (Epistemic) and irreducible (Aleatory) uncertainties, estimates are needed to make any credible decisions.

Software Developers 60

Software Developers Software Development Software Finance 60

LiquidPlanner

DECEMBER 10, 2019

Agile and traditional project teams have their own set of processes to accomplish work. However, the project management processes of initiating, planning, executing, controlling, and closing are complementary to Agile techniques. Just because a project team has adopted Agile doesn’t mean the project manager role needs to be eliminated.

Software Review 137

Software Review Technical Review Development Team Review SCRUM 137

Scrum.org

JULY 10, 2018

That's a very broad definition. often in relation with finance, when a product becomes possible to build, but too expensive). Unfortunately, the complexity of the development of these products causes for great uncertainty and thus makes it difficult to estimate what the costs of a project will be upfront. Scrum values.

Risk Management 132

Risk Management Risk Technical Review Underperforming Technical Team 132

Planio

APRIL 22, 2024

According to some estimates , PMs spend 90% of their time communicating with team members, sponsors, and stakeholders. How to write a great executive summary for your next project Like many things in project management, nailing the perfect executive is easier when you follow a logical set of process steps to follow.

Executing 88

Executing Fractional CTO Technical Review CTO Hire 88

Herding Cats

MAY 8, 2016

ways to make decisions with No Estimates. can we make a decision in the presence of Uncertainty without making an estimate of the impact or outcome of that decision? What would be the evidence that we could make decisions in the presence of uncertanty without estimating the impacts and outcomes of those decisions? . Start here.

Estimate 28

Estimate Underperforming Technical Team Software Governance 28

Scrum.org

SEPTEMBER 8, 2019

I met with my colleague, Ryan Kent , to discover his experience with Buggy Definitions (his term) in his environment. You’ve coined the term ‘Buggy Definitions’ – can you describe the circumstance? Ryan : The team settled on this definition. Ryan’s team’s definition? How did you know there was a problem? Immediately.

Artificial Inteligence 138

Artificial Inteligence Influencer SCRUM Defining 138

Sarah M. Hoban

JULY 18, 2023

Zoho offers 50+ software applications ranging from customer support to finance to sales to HR, with the goal for a business to run itself entirely using Zoho. You can even set up an approval process to review time logs for your people. Time Management. Zoho Projects offers a built-in time tracking feature. YES PLEASE.

Software Review 52

Software Review Finance Budget Software 52

Teamweek

DECEMBER 6, 2023

Task estimates: Set estimates for how long tasks should take so that you can plan and manage your workload more effectively. Track estimated vs. actual progress on the time spent on a project. Track estimated vs. actual progress on the time spent on a project. Track time spent on tasks. Mark tasks done.

2023 52

2023 Software Estimate Budget 52

Wrike

OCTOBER 4, 2023

A well-crafted proposal provides comprehensive details about the project, including its purpose, deliverables, timeline, and estimated costs. It provides a detailed breakdown of the estimated costs, allowing potential sponsors or funding agencies to assess the feasibility and potential impact of the project.

Estimate 36

Estimate Technical Review Budget Executing 36

Wrike

FEBRUARY 2, 2021

In this guide, we’ll walk you through the process of efficiently gathering and analyzing data to achieve consistently high ROI every time, no matter what you’re working on. Keep reading to discover some key definitions, benefits, and components of project management control, plus some tips on how to implement them. .

Controlling 41

Controlling Monitoring Finance Budget 41

ProProfs Project Management

JUNE 30, 2021

and had reached a tentative project cost estimate. The process begins with a list of expenses and benefits. Conducting a cost-benefit analysis provides the most accurate estimate of what the project development cost will be. You gain a competitive edge by adopting this analysis in your routine project selection process.

Underperforming Technical Team 52

Underperforming Technical Team Project Life Cycle Estimate Project Cost 52

Epicflow Blog

AUGUST 5, 2021

Though the technology is still being developed, it has numerous applications in our every-day life: it’s widely used in pharmaceutical and healthcare industry (its recent breakthrough was the development of covid-19 vaccine), finance, manufacturing, automotive industry, etc. . Theory of mind is still in the process of active development.

Artificial Inteligence 98

Artificial Inteligence 2025 Technical Review Software Review 98

Appfluence

MARCH 23, 2021

Operations management is a business field that manages the processes of producing and distributing products and services. It often includes substantial measurement and the analysis of all the internal processes. Variance : Variances are part of every process. What Is Operations Management? Ask for help, learn and move on.

Underperforming Technical Team 68

Underperforming Technical Team Manufacturing 2017 Engineering 68

Resource Guru

SEPTEMBER 5, 2023

Between personal preferences and processes, it will seem impossible to please everyone. For example, your project management processes might vary depending on the client and the project, and so might your project management software. Building your agency tech stack isn’t easy. Ownership: Who’s in charge of your tech stack?

CTO Hire 52

CTO Hire Influencer ChatGPT Finance 52

Herding Cats

FEBRUARY 28, 2016

Like many of Jurgen’s definitions, they are localized to suit the needs of the story line. There is no universally excepted definition of chaos. It is critical to understanding the definitions needed to describe the behavior of the double pendulum. Why Guessing is not Estimating and Estimating is not Guessing.

2009 39

2009 Estimate Energy Finance 39

Herding Cats

OCTOBER 11, 2017

This quote is coming back in the modern era of internet-based misinformation pundits in many domains, including project management and software development processes. The hypothesis is tested, the evidence is found to support or undermine the hypotheses, and knowledge is gained in the process. Related articles. Related articles.

Finance 35

Finance Manufacturing Governance Government 35

Herding Cats

FEBRUARY 9, 2018

I've seen estimates abused by bad managers, so let's NOT estimate and that will fix the behavior of Bad Managers." The "bad management" is itself a symptom of untrained, inexperienced, unskilled decision making processes in the presence of uncertainty. . Let's look at what an estimate is.

Underperforming Technical Team 44

Underperforming Technical Team Estimate 2003 Software Review 44

Resource Guru

APRIL 10, 2023

5 types of project closure The importance of project closure Project closure phases: technical, learning, and people Project closure process: 8 key steps to successfully close your project What is the primary focus area during the project closure phase? It provides a definite sense of completion to your project.

Technical Review 52

Technical Review Closing Project Life Cycle Budget 52

Herding Cats

SEPTEMBER 7, 2016

Scrum is) more defined rather than empirical process. In our Software Intensive System of Systems domain, this is the definition of Agile we use from the now-Secretary of Defense Dr. Carter. Making decisions in the presence of this emerging uncertainty requires making estimates of the impacts or outcomes of any decision.

Closing 28

Closing Controlling SCRUM Estimate 28

Rebel’s Guide to PM

APRIL 5, 2024

Knowledge Areas: Definition What exactly are 'Knowledge Areas'? PMI defines a Knowledge Area in the PMBOK® Guide -- Sixth Edition Glossary like this: An identified area of project management defined by its knowledge requirements and described in terms of its component processes, practices, inputs, outputs, tools, and techniques.

PMI 205

PMI Risk Management Risk Technical Review 205

Herding Cats

JULY 8, 2018

One of the books used by a vocal No Estimates advocate is Black Swans by Nassim Taleb. This advocate continually confuses Macroeconomics of financial markets and sovereign finance with Microeconomics of software development. They are not the same, the processes of decision making are not the same. Pich, Christoph H.

2002 34

2002 2008 Technical Review Software Review 34

Herding Cats

MAY 25, 2018

First some definitions: The cost of our product or service is the amount the firm spends to produce it. The decision process here usually starts with some target margin compared to the industry in general and the local conditions supported by the margin. Why Guessing is not Estimating and Estimating is not Guessing.

Finance 37

Finance Estimate Manufacturing Software 37

Wrike

NOVEMBER 21, 2019

According to the Project Management Institute (PMI), project managers work in a variety of industries — from manufacturing or construction to finance or utilities. Here’s the straightforward definition: A marketing agency works with clients to develop and implement a variety of marketing strategies and campaigns. . Time management.

2009 53

2009 PMI 2016 Web Development 53

Herding Cats

MARCH 7, 2016

This is the basis of managerial finance and decision making in the presence of uncertainty - Microeconomics of Decision Making. The Release Plan is built during the Release Management process which plans, manages, and governs release of products resulting from the development effort. It's a developers definition of Done.

Cadence 39

Cadence Agile Underperforming Technical Team Governance 39

Epicflow Blog

AUGUST 5, 2021

Though the technology is still being developed, it has numerous applications in our every-day life: it’s widely used in pharmaceutical and healthcare industry (its recent breakthrough was the development of covid-19 vaccine), finance, manufacturing, automotive industry, etc. . Theory of mind is still in the process of active development.

Artificial Inteligence 52

Artificial Inteligence 2025 Technical Review Software Review 52