Remove Estimate Remove Finance Remove Performance Measurement Remove Underperforming Technical Team
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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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Risk Management Frameworks in IT: A Comparative Analysis

Wrike

Once the risks have been identified and assessed, organizations must develop and implement strategies to manage and mitigate them. These controls can include technical and administrative measures such as policies and procedures. This involves the application of controls and safeguards to minimize the potential risk impact.

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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. 26% say effective team communication. Lean & Test Driven Development (TDD) – 11%. Feature Development Driven – 9%. Dynamic Systems Development Method – 3%. 2% — Other. [6].

2015 60
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Start with Principles, Not Personal Anecdotes

Herding Cats

If, for example, a project manager believes a member of his or her team is a fast and effective worker, each time that team member works fast and effectively or is told by a colleague about the work that has been done fast and effectively, the project manager will consider his or her belief to be well-founded.

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The Complete Glossary of 614 Project Management Terms

Workamajig

Actual dates are different from planned or estimated dates. Actual Effort: The actual effort spent to complete the activity, as opposed to the planned or estimated effort. Actual Expenditure: The actual expenditure spent to complete the activity, as opposed to the planned or estimated expenditure.