Herding Cats

DECEMBER 30, 2017

One of the 4 summary root causes of project performance failures is Unrealistic Cost and Schedule Estimates based on inadequate risk-adjusted growth models. One notion in a governance paradigm is It's Not Your Money . If you have no uncertainty, then estimates provide no value. This can only be ignored on de minimus projects.

Estimate 61

Estimate Governance Government Risk Management 61

Rebel’s Guide to PM

AUGUST 29, 2021

Monitoring the project’s finances and cost throughout the project lifecycle is a key responsibility. Includes a RAID log and a guide on how to use it. Poor estimating. Sometimes the estimates are just rubbish. More and more, estimating is getting harder (in my opinion). Governance risk. Project Budget Risks.

Risk 317

Risk Technical Review Risk Management Estimate 317

Rebel’s Guide to PM

JULY 18, 2023

Here are some examples of lessons learned on my projects: We should engage Finance earlier so leasing arrangements can be made in a timely fashion. How to capture lessons learned So how can you capture and share lessons learned? And the Government Accountability Office does the same function in the USA.

PMO 315

PMO Software Review Initiating Finance 315

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

Planio

MAY 8, 2023

In fact, the digital transformation market was estimated at a whopping $731.1 How is it unique? 3 tips for becoming an IT project manager In this guide, we’ll break down the art of ITPM, explain what an IT project manager does, and show you how the best IT project managers work, the tools they use, and how to become one.

Technical Review 78

Technical Review Software Review Development Team Review Infrastructure 78

Productivity Land

MARCH 21, 2023

It is estimated that the data science market in the US will reach $116 billion by 2027 from an estimated $31 billion in 2019. The market is also being driven by the increasing demand for data-driven solutions in various industries, such as healthcare, finance, retail, and manufacturing. appeared first on Productivity Land.

Artificial Inteligence 66

Artificial Inteligence 2027 2019 Certification 66

ProjectManager.com

OCTOBER 18, 2022

There’s a timeline and planned hours, too, to estimate how long the work will take. The work order can also show the contractor how to do the work, which can be very important in complex manufacturing projects. This governing document also sets the pricing for the work contracted. Work Order Template.

Manufacturing 319

Manufacturing Software Review Risk Management Underperforming Technical Team 319

Herding Cats

MAY 8, 2016

ways to make decisions with No Estimates. How will we recognize it when we encounter it? Any expectations of how to measure if what we found is what we're actually looking for? Once we find it, how can we test that what we found is actually of use to anyone other than us? An estimate is. It's a fallacy.

Estimate 28

Estimate Underperforming Technical Team Software Governance 28

Herding Cats

MAY 23, 2016

The on-going discussions that Decisions can be made in the absence of estimates reminds me of this concept. . So the decision to estimate or not estimate rarely belongs to the developers spending the business's money. Calculating Value from Software Projects - Estimating is a Risk Reduction Process. Related articles.

Finance 31

Finance Governance Government Estimate 31

Planview

JANUARY 2, 2020

The topic discussed for most of the roundtable was how to get work done with the best impact to drive business results. Even in organizations where teams were already practicing Agile, it was common for senior leadership to favor the more traditional portfolio management due to their comfort with detailed project plans and heavier governance.

2019 103

2019 Agile Lean Governance 103

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

nTask

MAY 5, 2021

Such analysis is used in project management, in business, finance, government, and even for non-profit projects. How to Conduct a Cost Benefit Analysis? Remember that this is simply a guide and how you and your team choose to specifically undertake your CBA is entirely up to you.

Risk Management 136

Risk Management Estimate Risk Finance 136

TrustRadius Project Management

OCTOBER 27, 2022

You can also take a look at Enlyft’s list of ERPs and their estimated market shares here. How does ERP Software Selection Work? Estimating the time your team will actually spend on the software can be a helpful number to weigh against the price tag. Have your selection team develop a change management business strategy.

Software Review 62

Software Review Software Technical Review Artificial Inteligence 62

TrustRadius Project Management

OCTOBER 27, 2022

You can also take a look at Enlyft’s list of ERPs and their estimated market shares here. . How does ERP Software Selection Work? Estimating the time your team will actually spend on the software can be a helpful number to weigh against the price tag. Popular ERP Features and Functionality. Future Growth Considerations.

Software Review 62

Software Review Software Technical Review Artificial Inteligence 62

Function Point

NOVEMBER 23, 2017

To improve your time estimates, break projects down into individual tasks (ie. wireframing the website, content mapping the website, copywriting the website, and so on), and estimate the time needed for each item. You’ll begin to notice how easy it is for the scope to vary significantly from project to project.

Budget 74

Budget Finance Estimate Governance 74

Herding Cats

SEPTEMBER 24, 2017

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. The criticism of #NoEstimates is simple. The criticism of #NoEstimates is simple.

2003 56

2003 Process Governance Government 56

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. Managerial Finance - the branch of finance that concerns itself with the managerial significance of finance techniques. These principles originate in: .

Transportation 39

Transportation Software Engineering Finance 2011 39

Bridge the Gap Consulting

APRIL 18, 2023

Don’t forget about how to communicate the priorities once decided! If you’re doing T&E and/or training of staff, understand how those expenses should be estimated and tracked. This answers the question of “So, what’s the PMO gonna actually do?” Keep it high level. Success Factors. Operations?

PMO 52

PMO Executing Finance Risk Management 52

Bridge the Gap Consulting

MARCH 11, 2021

But, our PMO leader didn’t know how to market our capabilities or talents. ” These were labeled as 1,000 hours or more of estimated effort and/or $10,000 of total cost. Budget: The PMO reported to the CFO, and accounting/finance wanted revenue recognition and be able to capitalize or expense projects.

Planning 52

Planning PMO Governance Government 52

Function Point

NOVEMBER 23, 2017

To improve your time estimates, break projects down into individual tasks (ie. wireframing the website, content mapping the website, copywriting the website, and so on), and estimate the time needed for each item. You’ll begin to notice how easy it is for the scope to vary significantly from project to project.

Budget 40

Budget Finance Estimate Governance 40

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. Managerial Finance - the branch of finance that concerns itself with the managerial significance of finance techniques. These principles originate in: .

Transportation 28

Transportation Software Engineering Finance 2011 28

ProjectManager.com

MARCH 27, 2019

But greater flexibility generally requires a more skillful approach to governance and project management. Next, decide how the team will go about accessing the funds being provided to them (this is usually chosen by your organization’s finance group). For each of these three decision points you see that you have options.

Software Developers 241

Software Developers Software Development Software Review Software 241

Herding Cats

MAY 27, 2016

The basis of #Noestimates is that decisions can be made in the presence of uncertainty without having to estimate the impact of those decisions. Estimating and Making Decisions in Presence of Uncertainty. Some More Background on Probability, Needed for Estimating. Why Guessing is not Estimating and Estimating is not Guessing.

Estimate 28

Estimate Finance Governance Government 28

Herding Cats

SEPTEMBER 12, 2018

There are mysteries to managing in the presence of uncertainty for those who understand the principles of Risk Management of cost, schedule, and technical performance and know how to apply them using Managerial Finance, Microeconomics of Software Development, and Probabilities Decision making.

Finance 34

Finance Estimate Engineering Risk Management 34

Velociteach

SEPTEMBER 18, 2023

in sustainable development and environment, and he has over 25 years of experience in various areas of project management including government, finance, consulting, manufacturing, and education. Each side of the pyramid is 767 ft long, it’s as tall as a 40 story building, and it has an estimated 2.5 He holds a Ph.D.

Sustainability 98

Sustainability Underperforming Technical Team Construction Certification 98

Herding Cats

SEPTEMBER 15, 2016

This is a good starting point for answering the mail on the notion that decisions can be made in the presence of uncertainty without estimating the impact of those decisions. How would that suggestion be tangibly beneficial to the recipient that is now inverted? Governance is about decision rights. 1,000 to 10's or 1,000's.

Estimate 28

Estimate Underperforming Technical Team Governance Government 28

Herding Cats

FEBRUARY 20, 2018

Every once in awhile a reasonably intelligent No Estimates advocate shows up in a Twitter discussion. They often say you should be open-minded and try the concepts of No Estimates first. . A Pseudo-Open Minded person would say Sasquatch exists because the Federal Government is suppressing the evidence.

Estimate 48

Estimate Software Review Finance Closing 48

Herding Cats

MARCH 7, 2016

Had a Twitter conversation today about deadlines and how to remove the stigma of a deadline and replace it with a more Politically Correct term. This is the basis of managerial finance and decision making in the presence of uncertainty - Microeconomics of Decision Making. This was one of those.

Cadence 39

Cadence Agile Underperforming Technical Team Governance 39

Online PM Courses

NOVEMBER 4, 2018

Governance (project, program, portfolio). Time, budget, and cost estimation. How to Avoid Project Failure. Some of the best include: How to Get the Best from Your Project Team with Situational Leadership. How Coaching Skills will Make You a Better Project Leader. How to Delegate without Stress.

PMI 75

PMI Technical Review Certification Leadership 75

Appfluence

MARCH 23, 2021

Collaboration Between Departments: Operations management can easily communicate with finance, sales, marketing, human resources, and other departments if they have strong communication and coordination between each other. Conclusion: I hope you have enjoyed reading this article and that you have learned how to be a good operations manager.

Underperforming Technical Team 68

Underperforming Technical Team Manufacturing 2017 Engineering 68

Leading Agile

AUGUST 19, 2020

In this webinar, we discuss how to create more predictability so we can meet our commitments to customers, and build trust with everyone from internal stakeholders, to customers, to our entire market. Because those are the things that fundamentally get in the way how we govern, right, how we deal with cross cutting concerns.

Agile 100

Agile SCRUM Governance Government 100

Herding Cats

SEPTEMBER 7, 2016

Making decisions in the presence of this emerging uncertainty requires making estimates of the impacts or outcomes of any decision. How to Avoid the "Yesterday's Weather" Estimating Problem. How to Avoid the "Yesterday's Weather" Estimating Problem. Why Guessing is not Estimating and Estimating is not Guessing.

Closing 28

Closing Controlling SCRUM Estimate 28

Planio

OCTOBER 24, 2022

How to make an actionable project plan in 6 steps. Understanding how to make an actionable project plan involves a deep knowledge of all aspects of the planning process. How will stakeholders be informed of the project’s progress and when? How will the project identify, monitor, and manage risks? What does it include?

Planning 78

Planning Risk Management Software Review Defining 78

Epicflow Blog

JANUARY 12, 2021

But how to distinguish between them? Healthcare project manager; Finance project manager; Insurance project manager; Utility project manager, Legal project manager. How to Choose a Job of a Project Manager Among Diverse Titles in Job Ads. According to the research by Project Management Institute , 87.7 Project Manager.

PMO 82

PMO 2007 Controlling Construction 82

Online PM Courses

SEPTEMBER 3, 2018

But there’s little your project sponsor, your client, or their Finance Director care about more than your budget and how closely you can stick to it. Your ‘Project Cost Management Plan’ Establishing your costs – the processes of estimating and budgeting. Project Cost Management often puts people off.

Project Cost 75

Project Cost Prince2 Budget Governance 75

Planio

JANUARY 16, 2023

Lay your cards out by creating a solid governance structure. In this guide, we’ve collected the best project management tips for new project managers - from what skills to focus on to how to get settled in a new role, run projects, and build your influence. How to put it into action. How to Put It Into Action. Hard Skill.

Influencer 78

Influencer Finance Risk Management Risk 78

Planio

APRIL 24, 2023

In 2021, the Project Management Institute estimated that by 2030 the global economy would need 25 million more project managers to keep up with the demand for change. During this phase, there’s a lot of box-ticking and governance to ensure everyone understands their ongoing requirements. But there’s a problem.

Development Team Review 78

Development Team Review 2030 Underperforming Technical Team Risk Management 78