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Agile Finance: How Do You Make a Business Case for Transformation?

Leading Agile

You will need to outline the estimated costs to be incurred as part of that transformation as well as the estimated annual benefits and savings expected to be realized from your transformation effort. . Return on Investment or ROI is a performance measure used to evaluate the efficiency of an investment. Payback Period.

Finance 81
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4 Fallacious Reasons to Estimate and Why Those Are Fallacious

Herding Cats

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.

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Start with Principles, Not Personal Anecdotes

Herding Cats

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.

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Complete Collection of Project Management Statistics 2015

Wrike

Estimated Project-Oriented Job Openings 2010-2020: . Popularity by Industry: Finance – 87%. Implement/enhance performance measurement process – 39%. [13]. Finance – 93%. Benefits of High-Performing PMOs: 45% more projects aligned with business objectives. Inadequate cost estimates – 29%. 387,560. .

2015 60
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Biases in Project Management and How to Remove Them

Herding Cats

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: .

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Fallacy of the Week

Herding Cats

Have sufficient Technical Performance Measures margin to cover the required performance measure of the Capabilities. You can't make decision in the presence of uncertainty without making estimates about those decisions. Manage risk, estimate, manage other people's money like an adult. Related articles.

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Misquotes of Deming

Herding Cats

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. Why Guessing is not Estimating and Estimating is not Guessing.