Herding Cats

NOVEMBER 20, 2018

Risk Management has six steps: Planning risk management - decides how to approach and plan the risk management activities for the project. Identifying the Risks - determines with risk are likely to affect the project and documenting the characteristics of each.

Risk Management 56

Risk Management Risk Estimate Finance 56

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. Managing in the presence of uncertainty is standard business practice. If you have no uncertainty, then estimates provide no value. This is how business works.

Estimate 61

Estimate Governance Government Risk Management 61

Herding Cats

MAY 7, 2019

This blog page is dedicated to the resources used to estimate software-intensive systems using traditional and agile development methods. Cost Modeling Agile Software Development,” Maarit Laanti and Petri Kettunen, International Transactions on Systems and Applications, Volume 1 Number 2, pp. 61, September 2004.

Estimate 40

Estimate Software Review Software 2012 40

Herding Cats

OCTOBER 5, 2018

Risk Management is How Adults Manage Projects - Tim Lister. There is a discussion of the conjecture that estimates are a waste, estimates can't be done, estimates are evil, estimates must be stopped immediately. Some colleagues have engineering or finance educations. illities are a waste.

Estimate 40

Estimate Engineering Software Engineering Software Developers 40

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

Planio

APRIL 22, 2024

Project managers are born communicators. According to some estimates , PMs spend 90% of their time communicating with team members, sponsors, and stakeholders. Why is it so important in project management? Why is it so important in project management? 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

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

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

Wrike

NOVEMBER 15, 2021

A rough order of magnitude estimate, also known as ROM, is an estimation of a project’s level of effort and cost to complete. ROM estimates take place early in a project life cycle and guide strategy and planning choices. Generally, it’s used for estimating a project budget that doesn’t have a lot of detail.

Estimate 36

Estimate Risk Management Budget Project Life Cycle 36

Planio

MAY 8, 2023

If you’re used to shipping features and new products, IT project management (ITPM) probably isn’t on your radar. In fact, the digital transformation market was estimated at a whopping $731.1 IT project managers play a critical role in ensuring their company’s IT capability is dependable, up-to-date, and secure. How is it unique?

Technical Review 78

Technical Review Software Review Development Team Review Infrastructure 78

Herding Cats

JUNE 10, 2017

All project work is probabilistic (actually statistical and probabilistic), with reducible and irreducible uncertainties that create reducible and irreducible risks to the success of the project. Let's look at what estimates are needed to answer each of the Five questions: Principle. Estimate Needed To Answer The Question.

Estimate 40

Estimate Finance Risk Management Sustainability 40

Planio

APRIL 24, 2023

Creative features, successful product ideas, wild marketing stunts, full rebrands, or massive IT projects — none of them work without the project managers that tirelessly make sure everyone’s on the same page and making progress towards a shared goal. Assessing and mitigating project risks 7. But there’s a problem.

Development Team Review 78

Development Team Review 2030 Underperforming Technical Team Risk Management 78

Planio

JANUARY 16, 2023

There’s no denying that project management is hard work. For new project managers, that stat can be terrifying. Jump to a section: What are the first things you should do as a project manager? The essential soft skills for new project managers. The essential hard skills for new project managers. Be patient.

Influencer 78

Influencer Finance Risk Management Risk 78

Herding Cats

JULY 16, 2017

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

Estimate 35

Estimate Agile Cadence Risk Management 35

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. reducible and irreducible

Risk Management 35

Risk Management Risk Technical Review 2002 35

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 3, 2016

Risk Management is How Adults Manage Projects - Tim Lister. Since all risk comes from uncertainty - reducible (Epistemic) and irreducible (Aleatory), estimating is a foundation of all we do. Paradigm of agile project management from Glen Alleman. . Some colleagues have engineering or finance educations.

Estimate 28

Estimate Software Engineering Engineering Risk Management 28

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. . Software developer.

Artificial Inteligence 98

Artificial Inteligence 2025 Technical Review Software Review 98

TrustRadius Project Management

OCTOBER 27, 2022

The bigger you are the harder you fall–unless you have a powerful management structure for your team of course. If you want to ensure that your team can manage their complex projects and operations, ERP software may be the solution. An ERP goal is to make your team’s workload easier to manage with a robust set of tools.

Software Review 62

Software Review Software Technical Review Artificial Inteligence 62

TrustRadius Project Management

OCTOBER 27, 2022

The bigger you are the harder you fall–unless you have a powerful management structure for your team of course. If you want to ensure that your team can manage their complex projects and operations, ERP software may be the solution. An ERP goal is to make your team’s workload easier to manage with a robust set of tools.

Software Review 62

Software Review Software Technical Review Artificial Inteligence 62

Herding Cats

MAY 8, 2016

ways to make decisions with No Estimates. is not founded on any principle of business management, microeconomics of decision making, or principles of probability and statistics. Uncertainty of course is present in all software development work both reducible and irreducible uncertainty. An estimate is.

Estimate 28

Estimate Underperforming Technical Team Software Governance 28

Epicflow Blog

JANUARY 12, 2021

The need for specialists in the field of project management is growing annually because businesses are getting bigger and most companies are becoming project-based. According to the research by Project Management Institute , 87.7 million project management-oriented experts will be required by 2027 by different companies worldwide.

PMO 82

PMO 2007 Controlling Construction 82

Workamajig

JANUARY 11, 2021

Project management terminology can be complicated. It doesn’t matter whether you’re working towards your PMP certification or simply managing projects casually in your organization, knowing core project management terms always helps. All Project Management Terms. Actual dates are different from planned or estimated dates.

Underperforming Technical Team 78

Underperforming Technical Team Project Life Cycle Estimate Risk Management 78

Herding Cats

FEBRUARY 9, 2019

There's been a rash of conjectures about all kinds of bad business, project, and software development (agile and traditional) management ideas of late. 40 - Estimation is a Problematic Practice of Companies Doing Dangerous Things. We develop these reference classes using Agile Function Points.

Estimate 42

Estimate Technical Review Underperforming Technical Team Software Review 42

nTask

DECEMBER 23, 2021

As a project management professional, your responsibilities far exceed the usual standards. The enormity of the tasks under your management can certainly overwhelm you and make you feel like you are trapped in a never-ending cycle of struggle. Evolution Of Project Management in Recent Years.

2022 78

2022 Software Review Software Technical Review 78

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

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

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. . Software developer.

Artificial Inteligence 52

Artificial Inteligence 2025 Technical Review Software Review 52

Herding Cats

JANUARY 23, 2019

There's been a rash of conjectures about all kinds of bad business, project, and software development (agile and traditional) management ideas of late. For software development starts with. And then some more resources for managing in the presence of complexity . A complexity primers for systems engineers.

Estimate 37

Estimate Technical Review Underperforming Technical Team Software Review 37

Wrike

JUNE 11, 2023

Project management plays a crucial role in guaranteeing the success of any endeavor. From product development to infrastructure deployments, having a standardized approach is essential for consistency and efficiency. One powerful tool that project managers can utilize to achieve this is Standard Operating Procedures (SOPs).

Process 36

Process Software Review Construction Technical Review 36

Herding Cats

AUGUST 22, 2018

There's been a rash of conjectures about all kinds of bad business, project, and software development (agile and traditional) management ideas of late. If we take Tim Lister's advice about managing risk while spending other people's money in the presence of uncertainty, where is the adult supervision here? . .

Estimate 35

Estimate Underperforming Technical Team Technical Review Software Review 35

The IIL Blog

APRIL 27, 2018

First let’s keep the concept of ROI basic, which is in this context: Applying this equation to a real-life example, if the cost for rolling out a SMILE activity = $10,000 and the estimated value of the program is $100,000 (considering quantitative and/or qualitative factors such as listed above): This number is not exaggerated. E= Every.

Software Review 121

Software Review 2004 2012 PMI 121

Leading Answers

MAY 1, 2020

Neither black nor white, predictive nor agile, project managers are increasingly finding themselves in the gray area of hybrid project management. Does it include finance, HR and sales? Usually, there are groups the team or supporting project managers still have to work with that have not transitioned to agile.

Agile 88

Agile Finance Executing 2020 88

Herding Cats

JUNE 25, 2016

There's another rash of Twitter posters supporting the conjecture that decisions can be made about how to spend other people's money without estimating the impact and outcome of that decision. Managerial Decision Making Under Risk and Uncertainty Ari Riabacke. Software development decision making is a well studied subset of that field.

2008 44

2008 Finance Estimate Software Developers 44

Herding Cats

JULY 8, 2018

One of the books used by a vocal No Estimates advocate is Black Swans by Nassim Taleb. This advocate continually confuses Macroeconomics of financial markets and sovereign finance with Microeconomics of software development. All is good so far until he mentions these concepts are applicable to the management of projects.

2002 34

2002 2008 Technical Review Software Review 34

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 28

Transportation Software Engineering Finance 2011 28

Herding Cats

JUNE 12, 2018

This is simply good process development and management. Then conjecture that NOT estimating will fix that symptom. Then conjecturing (here) that Not Estimating will somehow fix the problem of when you are DSTOP. The supposed evidence in the presentation, that estimating "does not work" starts with the Chaos Report.

Underperforming Technical Team 40

Underperforming Technical Team Software Engineering Estimate Software Developers 40