Wrike

JUNE 11, 2023

The importance of risk management in IT cannot be overstated. However, with this reliance comes the inherent risks of cyber threats, data breaches, and operational disruptions. Once the risks have been identified and assessed, organizations must develop and implement strategies to manage and mitigate them.

Risk Management 36

Risk Management Risk Underperforming Technical Team Technical Review 36

Herding Cats

APRIL 4, 2019

In a recent exchange in social media, it was clear the notion of risk and the sources of risk, the consequences or risks and managing in the presence of risk was in very unclear, when it was conjectured , we can simply slice the work into small bits and REDUCE risk. . This is good, but it doesn't reduce risk.

Risk Management 43

Risk Management Risk 2003 2011 43

Herding Cats

MARCH 11, 2018

If we look at the discipline of software engineering, we see that the microeconomics branch of economics deals more with the types of decisions we need to make as software engineers or managers. Software engineering economics." IEEE Transactions of Software Engineering, 1 (1984): 4-21. Now To Risk Management.

Software Developers 34

Software Developers Software Development Risk Management Risk 34

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

Herding Cats

APRIL 16, 2019

Business, Technical, Systems, Risk, and Project Management Briefings and Presentations. Project Performance Management (#PPM). Risk Management (#RM). Technical Performance Measures (#TPM). Business, Technical, Systems, Risk, and Project Management. Project Performance Management. Management Processes.

Technical Review 42

Technical Review Performance Measurement Governance Government 42

Herding Cats

APRIL 4, 2016

But in technical systems - engineered technical systems - the system has to work when commanded to do so. This is the domain of Systems Engineering, that many times is based on the principles of Ackoff and others like him. Systems Engineering: Coping with Complexity , Richard Stevens, Peter Brook, Ken Jackson, and Stuart Arnold.

Engineering 28

Engineering Software Performance Measurement Finance 28

Herding Cats

APRIL 30, 2019

A recent lawsuit by Hertz Rental Car against Accenture has turned into a rallying cry by Agilest and No Estimates advocates. Of course, No Root Cause analysis has been performed by these advocates, but it makes good click bait for their followers. As well here are some past work and resource on problems similar to this.

Software Review 41

Software Review Technical Review Engineering 2018 41

Herding Cats

JANUARY 23, 2018

The goal of every program manager is to have a set of practices that connect all the programmatic planning, risk, and performance information in a single unified view needed to support the decisions that increase the probability of success of any project or program. Cost is measured in dollars and schedule is measured in time.

Technical Review 44

Technical Review Performance Measurement Engineering Controlling 44

Herding Cats

DECEMBER 8, 2017

The CoU paradigm defines the needed reduction in uncertainty is some performance metric. This can be the confidence in the estimate for any variable. It can be the needed performance of a measure - Effectiveness, Performance, Key Performance Parameter, or a Technical Performance Measures.

Performance Measurement 35

Performance Measurement Technical Review 2017 2008 35

Epicflow Blog

OCTOBER 16, 2023

” Eli Schragenheim The lesson is: when you ask for a clear one-number estimation, without defining the level of common and expected uncertainty, then you either might face big surprises or face frequent occurrences, where the project/mission finished exactly on time. Carrying an Umbrella (Risk Buffer).

2016 52

2016 Monitoring Risk Management Healthcare 52

Herding Cats

JUNE 19, 2017

The Cone of Uncertainty as a Technical Performance Measure. Uncertainty creates Risk. Risk management requires active reduction of risk. Active reduction requires we have a desired reduction goal, perform the work, and measure progress toward the rduction goal. Measure of Effectiveness.

Technical Review 35

Technical Review Performance Measurement Underperforming Technical Team Estimate 35

Herding Cats

DECEMBER 29, 2017

To make some conjecture that some process will fix the problem - Estimates are the smell of dysfunction and NOT Estimating will fix that dysfunction - is naive at best and willfully ignorant of Root Cause Analysis at worse. The writing class he teaches is mandatory in the engineering and science department. .

Process 56

Process Estimate Engineering Performance Measurement 56

Herding Cats

NOVEMBER 19, 2018

The only answer to that is a measure of Physical Percent Complete (P%C). P%C starts with defining the Measures of Performance and Technical Performance Measures for each deliverable as a function of time. These measures are supported by Quantifiable Backup Data. What is your actual condition? .

2010 39

2010 Governance Government Performance Measurement 39

Herding Cats

JANUARY 22, 2017

Barry Boehm's work in “Software Engineering Economics”. The Cone is a project management framework describing the uncertainty aspects of estimates (cost and schedule) and other project attributes (cost, schedule, and technical performance parameters). The Cone is NOT the result of the project's past performance.

Technical Review 28

Technical Review 2005 Estimate Software Review 28

Herding Cats

FEBRUARY 4, 2017

Barry Boehm's work in “Software Engineering Economics”. The Cone is a project management framework describing the uncertainty aspects of estimates (cost and schedule) and other project attributes (cost, schedule, and technical performance parameters). Estimates are needed but are subject to large level of uncertainty.

Technical Review 28

Technical Review Estimate 2005 Software Review 28

Herding Cats

JANUARY 17, 2017

Barry Boehm's work in “Software Engineering Economics”. The Cone is a project management framework describing the uncertainty aspects of estimates (cost and schedule) and other project attributes (cost, schedule, and technical performance parameters). The Cone is NOT the result of the project's past performance.

Technical Review 28

Technical Review 2005 Estimate Software Review 28

Herding Cats

JANUARY 14, 2017

Barry Boehm's work in “Software Engineering Economics”. The Cone is a project management framework describing the uncertainty aspects of estimates or any other project attribute (in this post, cost, schedule, and technical performance parameters). A critical success factor for all project work is Risk Management.

Technical Review 28

Technical Review Software Review Underperforming Technical Team Risk Management 28

Herding Cats

OCTOBER 16, 2018

This ignores the principles of predictive analytics, and the direct management actions taken to produce outcomes from those analytical models found everywhere from project management to grocery store management and the model-based systems engineering. In ISO 15288 this is the role of the Risk Management Processes. Which comes first?

Aerospace 41

Aerospace Engineering 2012 2014 41

Herding Cats

AUGUST 14, 2016

Without units of measure of Value beyond time and money, there can be not basis of comparison between one value based choice and another. In the Systems Engineering world where we work, there are four critical units of measure for all we done. MOP's are attributes that assure the systems to capability to perform.

Performance Measurement 49

Performance Measurement Engineering Lean Software Developers 49

Herding Cats

JULY 9, 2018

The system of systems performs functions and carries out purposes that do not reside in any component system. The principal purposes of supporting the engineering of these systems are fulfilled by these emergent behaviors. Cost, Schedule, and these measures are tightly interconnected. Evolutionary Development. Knowledge ?

Software 31

Software 2001 Estimate Performance Measurement 31

Herding Cats

DECEMBER 5, 2017

Our topic is Increasing the Probability of Program Success Thorugh Continuous Risk Management. . Risk Management is How Adults Manage Projects. If you are not managing risk on your project, what are you managing? Risk-Adjusted Plans. Top Four Sources of Unfavorable Program Performance. Risk Management Processes.

Aerospace 37

Aerospace Estimate Governance Government 37

Herding Cats

JULY 9, 2018

The system of systems performs functions and carries out purposes that do not reside in any component system. The principal purposes of supporting the engineering of these systems are fulfilled by these emergent behaviors. Cost, Schedule, and these measures are tightly interconnected. Evolutionary Development. Knowledge ?

Software 28

Software 2001 Estimate Performance Measurement 28

International Institute for Learning

OCTOBER 4, 2022

Gap can also exist for performance improvement expectations such as: Reduction in risk by a certain percentage, cost, or time. Improvement in estimating accuracy by a certain percentage or dollar value. But we view the transitioning risk template as proprietary knowledge not to be shared.”. Harold Kerzner, Ph.D.

Aerospace 59

Aerospace Underperforming Technical Team Governance Government 59

Herding Cats

DECEMBER 4, 2017

The technical measures are a set of attributes used to provide the supplier (developer) and the acquirer (customer) with insight into the progress of the definition and development of the technical solution, the ongoing assessment of the associated risks and issues, and the likelihood of meeting the critical objectives of the acquirer (customer).

2005 37

2005 Performance Measurement Closing Controlling 37

Epicflow Blog

OCTOBER 8, 2019

Activity Duration Estimates Review . is a process of detecting risks related to the time allowances for activities in particular or a project in general, with the width of estimates range indicating a respective level of risk. Analogous Estimating . Bottom-Up Estimating . Activity Attributes . Assumption .

Software Review 45

Software Review Project Life Cycle Estimate Technical Review 45

Herding Cats

JUNE 4, 2017

No matter the engineering processes used to produce the outcomes from the project. The test of the hypothesis for projects are the Measures of Effectiveness, Measures of Performance, Key Performance Parameters, and techTechnicalformance Measures used to assess progress to plan for the project. No Estimating?

Estimate 39

Estimate Risk Management Risk Engineering 39

Herding Cats

MARCH 4, 2017

This is an immutable principle that impacts planning, execution, performance measures, decision making, risk, budgeting, and overall business and technical management of the project and the business funding the project no matter the domain, context, technology or any methods. We need a formal risk management process.

2010 28

2010 2007 Estimate Aerospace 28

Workamajig

JANUARY 11, 2021

Accept: A response to a project risk where the project manager accepts the risk and takes no action to evade it, i.e. 'accepting' the risk. This is usually in case of risks that are unlikely to occur or minor enough so as to not affect the project's outcome. Actual dates are different from planned or estimated dates.

Underperforming Technical Team 78

Underperforming Technical Team Project Life Cycle Estimate Risk Management 78

Herding Cats

SEPTEMBER 28, 2018

Probability Methods for Cost Uncertainty Analysis: A Systems Engineering Perspective , Paul R. Systems Engineering is the basis of all we do, so this book enables the execution of the programs driven by Systems Engineering. Stephens - this is a good introduction to applying statistics to engineering problems.

Engineering 52

Engineering Performance Measurement Risk Management Risk 52

Epicflow Blog

OCTOBER 8, 2019

Activity Duration Estimates Review . is a process of detecting risks related to the time allowances for activities in particular or a project in general, with the width of estimates range indicating a respective level of risk. Analogous Estimating . Bottom-Up Estimating . Activity Attributes . Assumption .

Software Review 40

Software Review Project Life Cycle Estimate Technical Review 40

MPUG

JUNE 1, 2022

Melanie: Jeff is currently the Training and Development Manager for Edwards Performance Solutions. As such, he oversees the production and maintenance of courses on project management, systems engineering, software development, business process improvement, and cyber security. Jeff: You know, employees consistent risk evaluation.

Software Review 59

Software Review PMI Risk Management Estimate 59

Herding Cats

AUGUST 1, 2018

We're writing two chapters in an upcoming Project Management Book, with a working title, The Gower Handbook of Project Performance for Agile, Waterfall and Everything in Between , edited by Mark Phillips. One chapter on the Principles of Risk Management and the second chapter on the Practices of Risk Management. 37–48, 2007.

2012 29

2012 2007 2010 2006 29

Herding Cats

JUNE 9, 2018

There is always lots of complaining about the biases introduced into managing projects and making the estimates needed to make project decisions. Optimism bias - a cognitive bias that causes a person to believe that they are at a lesser risk of experiencing a negative event compared to others. A final Thought . Kirchler, D.

Transportation 39

Transportation Software Engineering Finance 2011 39

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." While the human behaviors are real and observable, conjecturing that decisions can be made in the presence of uncertainty without estimating the outcome of those decisions, there is no principle to support that conjecture.

Underperforming Technical Team 44

Underperforming Technical Team Estimate 2003 Software Review 44

Herding Cats

JUNE 4, 2016

It is wrong to suppose that if you can’t measure it, you can’t manage it – a costly myth. This is used in support of the fallacy that estimates aren't needed to make decisions in the presence of uncertanty. Technical Performance Measures. IT Risk Management. Software Engineering is a Verb.

Software Engineering 28

Software Engineering Performance Measurement Finance Manufacturing 28

Herding Cats

JUNE 9, 2018

There is always lots of complaining about the biases introduced into managing projects and making the estimates needed to make project decisions. Optimism bias - a cognitive bias that causes a person to believe that they are at a lesser risk of experiencing a negative event compared to others. A final Thought . Kirchler, D.

Transportation 28

Transportation Software Engineering Finance 2011 28

Herding Cats

MARCH 31, 2017

With execution underway, managing the risks of the project becomes our focus beyond the engineering work. Estimating Processes in Support of Economic Analysis. With the Requirements in place - and these can be a list of Features held in the Product Roadmap and Release Plan for agile, we need to lay out how they will be built.

Process 53

Process Engineering Software Developers Software Development 53