The Lazy Project Manager

FEBRUARY 18, 2020

Project Businesses need to govern their business activities in the same way traditional industries have. and became Microsoft’s ERP offering, now called Dynamics 365 Finance & Operations. More specifically, they need to be able to control their business processes to optimize business performance.

Retail 344

Retail Manufacturing 2002 Construction 344

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

Inloox

JANUARY 14, 2021

Construction projects are associated with many risks simply based on their sheer size. In some cases the difference between actual and estimated numbers was up to 40 percent. As a result, a large proportion of privately financed projects went bankrupt after the study. What makes construction projects special?

Construction 164

Construction Sustainability Finance 2015 164

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

Kiron Bondale

SEPTEMBER 4, 2017

There is a greater likelihood of having too many active projects which increases the risk of resource shortages. This makes it impossible to accurately estimate capacity during iteration planning and usually contributes to a team missing their iteration commitments resulting in delivery delays.

Agile 153

Agile Governance Government Finance 153

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

Henny Portman

OCTOBER 18, 2020

It starts with a discussion about the need for realistic estimates and assumptions, and clear project plans for mitigating know risks to make the right decisions. The next part is about project optimism bias and its effect to inaccurately estimate time and cost requirements. The whitepaper is divided into four parts.

Estimate 82

Estimate Finance Governance Government 82

nTask

MAY 5, 2021

Cost benefit analysis allows you to choose the options that minimize risk while giving you the greatest potential benefit in the see of options in front of you. Using the benefit cost analysis tool allows you to minimize risks and maximize gains giving your project the best chance at being a success. Cost of Potential Risks.

Risk Management 136

Risk Management Estimate Risk Finance 136

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

Planio

APRIL 22, 2024

According to some estimates , PMs spend 90% of their time communicating with team members, sponsors, and stakeholders. The budget and scope remain on track, but there are risks to the project’s software development resources following a resignation. This risk is under management, and no action is required at this stage.

Executing 88

Executing Fractional CTO Technical Review CTO Hire 88

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

Planview

JANUARY 2, 2020

Since financial services institutions typically work within well-established practices to mitigate risks, new ways of working aren’t always immediately accepted. Agile teams are largely self-governing. Risk levels. Initiatives are often driven by the finance department, because they’re the ones approving annual budgets.

2019 103

2019 Agile Lean Governance 103

Planio

MAY 8, 2023

In fact, the digital transformation market was estimated at a whopping $731.1 On average, IT projects come with more complexity and risk, and can quickly fall to pieces without proper due diligence, management, and leadership. Identifies and mitigates risks to the project. ?️ billion in 2022 — with no signs of slowing down.

Technical Review 78

Technical Review Software Review Development Team Review Infrastructure 78

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

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

Herding Cats

JULY 16, 2017

The GAO Cost Estimating and Assessment Guide has 12 steps. Again, this is the basis of Managerial Finance. Uncertainty creates risk. Risk Management is how Adults Manage Projects - Tim Lister. Conduct Schedule Risk Analysis. Uncertanty creates Risk. There are not specific to Agile Software Development.

Estimate 35

Estimate Agile Cadence Risk Management 35

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

TrustRadius Project Management

OCTOBER 27, 2022

You can also take a look at Enlyft’s list of ERPs and their estimated market shares here. Estimating the time your team will actually spend on the software can be a helpful number to weigh against the price tag. You need to estimate the total cost of ownership (TCO) and how much you think the return on investment (ROI) will be.

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. . Estimating the time your team will actually spend on the software can be a helpful number to weigh against the price tag. You need to estimate the total cost of ownership (TCO) and how much you think the return on investment (ROI) will be.

Software Review 62

Software Review Software Technical Review Artificial Inteligence 62

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. The size of the “value at risk” is also the starting point for estimates.

Estimate 28

Estimate Finance Risk Management Governance 28

Herding Cats

MAY 10, 2019

Risk Management is essential for development and production programs. Risk issues that can be identified early in the program, which will potentially impact the program later, termed Known Unknowns and can be alleviated with good risk management. requires making estimates) ? Risk Management Papers. “A

Risk Management 38

Risk Management Risk Technical Review 2002 38

Bridge the Gap Consulting

APRIL 18, 2023

If you’re doing T&E and/or training of staff, understand how those expenses should be estimated and tracked. Assumptions & Risks. Risks are abound and you’ll ID those during the assessment. This answers the question of “So, what’s the PMO gonna actually do?” Keep it high level. Operations?

PMO 52

PMO Executing Finance Risk Management 52

Herding Cats

MAY 11, 2019

This blog page is dedicated to the resources used to manage the risk encountered on software-intensive systems using traditional and agile development methods. Let's start with a critical understanding of the purpose of managing risk on software development projects. Risk Management is essential for development and production programs.

Risk Management 35

Risk Management Risk Technical Review 2002 35

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. . Jobs that are at high risk for being replaced by AI.

Artificial Inteligence 98

Artificial Inteligence 2025 Technical Review Software Review 98

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. Do the highest technical risk first.

Estimate 37

Estimate Finance Risk Management Manufacturing 37

Bridge the Gap Consulting

MARCH 11, 2021

” These were labeled as 1,000 hours or more of estimated effort and/or $10,000 of total cost. Once the projects were in the right bucket, there were only three KPI’s the exec and governance teams wanted to see; Schedule, Budget, and Personnel Availability. Value Proposition. Give It Away For Free. First were templates.

Planning 52

Planning PMO Governance Government 52

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. now I’ve got to do a risk analysis. We’re taught just to think about risks to the project. Our guest is Dr. Joel Carboni.

Sustainability 98

Sustainability Underperforming Technical Team Construction Certification 98

Herding Cats

OCTOBER 11, 2017

IT Risk Management. Why Guessing is not Estimating and Estimating is not Guessing. Related articles. Architecture -Center ERP Systems in the Manufacturing Domain. Herding Cats: Quote of the Day - #NoEstimates is a Fallacy. Herding Cats: Quote of the Day - #NoEstimates is a Fallacy.

Finance 35

Finance Manufacturing Governance Government 35

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. It starts with the organization and the governance practices and framework for that organization. GAAP rules for finance and account.

2010 34

2010 Governance Government Estimate 34

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

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

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

Rebel’s Guide to PM

SEPTEMBER 8, 2021

For example, project management doesn’t have a specific method that we all use for document filing, different to, say, the way marketing or finance do document filing. Not something you’ll use on every project but your business might routinely need to use EVA if, for example, you do government contract work in the US. Forecasting.

Underperforming Technical Team 440

Underperforming Technical Team Estimate Software Review Risk Management 440

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 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. These principles originate in: .

Transportation 39

Transportation Software Engineering Finance 2011 39

Herding Cats

JULY 10, 2016

Can you make a non-trivial (NOT de minimis) decision in the presence of uncertainty without estimating? 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.

Estimate 28

Estimate Finance Risk Management Governance 28