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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 72
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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. When might we finish with the planned work?

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Introduction to Earned Value Formulas

MPUG

You can get this number from your finance analyst, budget spreadsheet, or report. The BAC is the same as the Planned Value for the whole project. Planned Value (PV) also has another, more descriptive name: Budgeted Cost of Work Scheduled (BCWS). How to Use These Measures All the measures above are backward-looking metrics.

Budget 40
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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: . A final Thought .

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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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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: . A final Thought .

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Systems Engineering and Software Intensive System of Systems

Herding Cats

Finance, social, political. The identification of the requirements, the test plans, and the features provided for each release are an essential driver of the product development process. . Technical Performance Measures. Estimating Guidance. Systems Thinking and Capabilities Based Planning.