Inloox

JANUARY 14, 2021

Project management in construction describes the planning and work process in order to produce or modify a construction object. The larger and more complex a project is, the more participants and interrelationships are involved and the more complicated the organization and planning of the process becomes. Let's start with the basics.

Construction 164

Construction Sustainability Finance 2015 164

Rebel’s Guide to PM

AUGUST 29, 2021

It’s our job to facilitate the discussion and extract those risks so they can be actively managed: that’s the risk management process. Be sure to speak up and then take the time to guide the project team and stakeholders though the decision-making process. Poor estimating. Sometimes the estimates are just rubbish.

Risk 320

Risk Technical Review Risk Management Estimate 320

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 is how business works.

Estimate 61

Estimate Governance Government Risk Management 61

ProjectManager.com

OCTOBER 18, 2022

But more than that, it then translates those columns of numbers into a visual timeline that you can color code to make it easy to see the different stages of your manufacturing process. You can share the Gantt chart with stakeholders so they have a picture of the manufacturing process. Resource Plan Template. Work Order Template.

Manufacturing 324

Manufacturing Software Review Risk Management Underperforming Technical Team 324

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? Then on to the original conjecture for No Estimates from Paul's post. That is, to make decision with “No estimates”.

Estimate 34

Estimate Governance Government Risk Management 34

Herding Cats

SEPTEMBER 24, 2017

SAs an early user (as a FORTRAN 77 developer on Software Intensive System of Systems for Ballistic Missle Defense systems), the principles of Iterative and incremental development, emergent requirements, customer in the loop , and other principles, practices, and processes found in Agile started long before the Agile Manifesto.

2003 56

2003 Process Governance Government 56

Herding Cats

JUNE 18, 2017

Can you make a decision without an estimate? There are NO means of making a credible decision in the presence of uncertainty without estimating the outcome of that decision. Let's look at each of these from the point of view of Managerial Finance and Economics of Decision Making the presence of Uncertainty. First a principle.

Estimate 37

Estimate Risk Management Finance Risk 37

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.

Finance 31

Finance Governance Government Estimate 31

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

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

nTask

MAY 5, 2021

Cost benefit analysis is also known as benefit cost analysis or CBA for short is a business process to help evaluate decisions. This analysis is a process that allows you to more easily analyze decisions , projects, or systems. Usually, costs are easy to estimate and quantify. You can also determine the value for intangibles.

Risk Management 136

Risk Management Estimate Risk Finance 136

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

Project Bliss

FEBRUARY 21, 2018

That’s why it’s important to go through the process of identifying your project assumptions. Budget – estimated cost of the project. Finances – funding to complete the project. Budget – estimated cost of the project. Finances – funding to complete the project. Categories.

Technical Review 208

Technical Review Software Review Finance Monitoring 208

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

nTask

SEPTEMBER 2, 2021

Enhance the efficiency of the process. The efficient management of private equity shares demands a feature-rich CRM software that can easily handle all the processes, generate actionable reports and track your investments. Its seven elaborate management solutions can handle all the processes in your business and relieve your burden.

2021 78

2021 Software Review Retail Finance 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.

Artificial Inteligence 67

Artificial Inteligence 2027 2019 Certification 67

Planview

JANUARY 8, 2019

The following content is taken from the whitepaper, “Portfolio-Driven Performance: The 7 Process Areas That Drive IT and Business Results,” written by Jerry Manas. Now, let’s get into the first two process areas by examining why it is crucial for your organization to align strategy, financials, and execution.

Executing 60

Executing Finance Governance Government 60

Herding Cats

JULY 16, 2017

The GAO Cost Estimating and Assessment Guide has 12 steps. Again, this is the basis of Managerial Finance. Risk Management has 6 processes, see SEI Continuous Risk Management. Maintain the Baseline with Repeatable Processes. These describe the increasing maturity of the project's artifacts. Capture All Activities.

Estimate 35

Estimate Agile Cadence Risk Management 35

Planio

MAY 8, 2023

In fact, the digital transformation market was estimated at a whopping $731.1 with examples of IT projects) IT project management is the process of planning, organizing, running, and managing information technology projects. This meant they couldn’t process orders, and customers were unhappy. What is IT project management?

Technical Review 78

Technical Review Software Review Development Team Review Infrastructure 78

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

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. Fuel Your Design Process. Finance & Business Operations Manager. Ensure your Creatives Track Time.

Budget 74

Budget Finance Estimate Governance 74

Herding Cats

APRIL 26, 2016

They started with “Estimates are a waste, stop doing them.” Those advocates also started with the notion that estimates are a waste for the developers. The size of the “value at risk” is also the starting point for estimates. Next comes an original post from Woody – “you can make decisions with No Estimates.”

Estimate 28

Estimate Finance Risk Management Governance 28

Bridge the Gap Consulting

APRIL 18, 2023

Project Prioritization Process. If the PMO will be leading the charge for project prioritization, the process (at least at a high level) should be highlighted, including the roles involved in making the decision. If you’re doing T&E and/or training of staff, understand how those expenses should be estimated and tracked.

PMO 52

PMO Finance Executing Governance 52

Wrike

JUNE 11, 2023

These frameworks involve the use of statistical techniques, probability theory, and mathematical formulas to estimate the likelihood and impact of risks, calculate expected values, and determine risk exposure. It provides a set of control objectives, best practices, and management guidelines for effective risk management and IT governance.

Risk Management 36

Risk Management Risk Underperforming Technical Team Technical Review 36

Bridge the Gap Consulting

MARCH 11, 2021

Through this process, everyone in the PMO, myself included, learned the value of having a PMO marketing plan. ” These were labeled as 1,000 hours or more of estimated effort and/or $10,000 of total cost. The process was shaky at first, but became smoother over time. Processing…. Value Proposition.

Planning 52

Planning PMO Governance Government 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

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. Fuel Your Design Process. Finance & Business Operations Manager. Ensure your Creatives Track Time.

Budget 40

Budget Finance Estimate Governance 40

Herding Cats

MARCH 21, 2016

A burst of Tweets of No Estimates fixes these problems came across Twitter this morning. But here's a core concept that is totally missing from not only the No Estimates conjecture, but from most every discussion, where a solution is proposed before the problem has been actually defined. Are Estimates Really The Smell of Dysfunction?

Estimate 43

Estimate Finance Manufacturing Governance 43

Herding Cats

SEPTEMBER 12, 2017

Most business departments have a set of standard operating procedures or guidelines that govern how we should respond to standard and even some not-so-standard occurrences we face throughout our workday. Developing principle-based management processes doesn’t start with individuals. GAAP rules for finance and account.

2010 34

2010 Governance Government Estimate 34

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. IT Risk Management.

Finance 35

Finance Manufacturing Governance Government 35

Herding Cats

JANUARY 22, 2018

Five Different Decision-Making Strategies That Don't Need Estimates. How can you know what is strategic without estimating the strategic value to those paying? How can you know what is strategic without estimating the strategic value to those paying? No Estimate needed. This is from a #Noestimates presentation.

Estimate 37

Estimate Finance Risk Management Manufacturing 37

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

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. Estimates are for the business, why would the business no longer want an estimate of cost, schedule, or technical performance of the provided capabilities?

Estimate 28

Estimate Underperforming Technical Team Governance Government 28

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?

Underperforming Technical Team 68

Underperforming Technical Team Manufacturing 2017 Engineering 68

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

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. Because of that, we don't separate the thinking processes into a dual-system. This means putting a formal process in place for making that decision. System One - automatic.

Transportation 39

Transportation Software Engineering Finance 2011 39