Remove Development Team Review Remove Estimate Remove Lean Remove Risk
article thumbnail

125 Project Management Buzzwords

The IIL Blog

Agile team A cross-functional group of individuals (e.g., Product Owner, Scrum Master, Development team members) who work collaboratively to deliver value in an Agile project. Benchmarking Identifying a project performance indicator or practice, then assessing it against industry standards or best practices.

article thumbnail

Creating a Risk-Adjusted Backlog

Leading Answers

This article explains what a risk-adjusted backlog is, why they are useful, how to create one and how teams work with them. What is a Risk-Adjusted Backlog? A risk-adjusted backlog is a backlog that contains activities relating to managing risk in addition to the usual features associated with delivering value.

Risk 145
Insiders

Sign Up for our Newsletter

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

article thumbnail

New PM, New Choices

Leading Answers

Yet when projects use new (to us) technology and tackle problems our organizations have not solved before, then risk, uncertainty, and rates of change will be high. Here, formal planning and estimation are difficult because we don’t know what we will encounter. Consider the process of designing a new car or home.

article thumbnail

Agile project management- A tutorial

Binfire

The reason for this surge in popularity is quite understandable, the majority of projects benefit when managed using lean concepts promoted by Agile project management methodology. It was obvious to the group that iterative and incremental development based on lean principles is the best way to develop software applications.

Agile 97
article thumbnail

Applicability of Agile/Lean/Kanban Methods for fixed scope/budget projects (with short duration)

Sudipta Lahiri

This session objective was to address challenges faced by Lean-Kanban practitioners in their projects. The team started the session by working in teams to identify what aspects of Lean/Kanban facilitate small project execution that have fixed scope, fixed budget and small duration (“+ives”) and what aspects don’t (“-ives”).

Lean 20
article thumbnail

Agile project management- A tutorial

Binfire

The Agile project management methodology has been used in the software development and IT industry for the past sixteen years, but recently it has gained wide acceptance by many number of industries and organizations. How much planning do you need before start of a development? Project Estimation.

Agile 100
article thumbnail

What is a PERT chart? How to use PERT to plan your projects

Planio

In fact, studies have shown that around 27% of projects fail because of inaccurate task estimates, with another 11% failing due to undefined task dependencies. Estimate each activity with the PERT formula 5. This is where PERT is more advanced than other estimating techniques. That’s where PERT comes in.