Remove Estimate Remove Finance Remove Performance Measurement Remove Technical Review
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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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Fighting Uncertainty in Organizations, Including Matrix Ones

Epicflow Blog

” Eli Schragenheim The lesson is: when you ask for a clear one-number estimation, without defining the level of common and expected uncertainty, then you either might face big surprises or face frequent occurrences, where the project/mission finished exactly on time. Beyond just time, buffers can cover finances, manpower, and more.

2016 52
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Complete Collection of Project Management Statistics 2015

Wrike

How Project Success is Measured: 20% — Satisfied stakeholders. Keys to Project Success: 48% say the team’s technical skills. Lean & Test Driven Development (TDD) – 11%. Technology. Estimated Project-Oriented Job Openings 2010-2020: . Shifting requirements/technical complexity. 19% — Delivered on time.

2015 60
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Risk Management Frameworks in IT: A Comparative Analysis

Wrike

Organizations of all sizes and industries are relying on technology to drive their operations and deliver services. These controls can include technical and administrative measures such as policies and procedures. The importance of risk management in IT cannot be overstated.

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Decision Analysis - Ordinal and Cardinal Measures

Herding Cats

Brown and his book The Handbooks of Program Management: How to Facilitate Project Success with Optimal Program Management and my review of the same book. One relative measure used in our space and defense domain of technical maturity is the Technical Readiness Level. . There are nine technology readiness levels.

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Fighting Uncertainty in Organizations, Including Matrix Ones

Epicflow Blog

” Eli Schragenheim The lesson is: when you ask for a clear one-number estimation, without defining the level of common and expected uncertainty, then you either might face big surprises or face frequent occurrences, where the project/mission finished exactly on time. Beyond just time, buffers can cover finances, manpower, and more.

2016 52
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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. Buhl, Transport Reviews, 24, 1, 3-18. [2]