Governance and Estimating

Herding Cats

If your business is not subject to any external governance process, you’re free to spend your money as you please. But you’re not free to suggest your approach is applicable to those who are governed by external frameworks of spending and accountability for that spend, without a testable confirmation this idea doesn’t violate those governance principles. Governance includes: Responsibility for a specific duty, task, or decision. Authority to influence behaviours.

Software Estimating Resources

Herding Cats

This blog page is dedicated to the resources used to estimate software-intensive systems using traditional and agile development methods. The reason for this resource page is the lack of understanding of how to estimate, the urban myths about software estimating, and the fallacies that estimating is not needed, when developing software, in the presence of uncertainty, when spending other peoples money. Estimating Probable System Cost,” Stephen A.

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Estimating is a Learned Skill

Herding Cats

Estimating is a learned skill, used for any purpose from every-day life to management of projects. When I left for the airport this morning to catch my flight to a customer site I estimated, given the conditions, how much time I need to get to my favorite parking spot at DIA. The same process for estimating is applied to multi-billion dollar projects we work. Here's some materials that provide the tools and processes needed to learn how to estimate.

Project Governance: Establishing an Effective Steering Committee

Strategy Execution | PMO Perspectives

Within the project management community, the concept of governance is seen as a fundamental project control, which is easy to grasp in principle. Getting the governance piece right requires insight and at times a few honest conversations about roles and responsibilities. Unfortunately, it’s not uncommon that I see projects with one of the following dysfunctions in the governance area: It’s unclear to the project manager who the sponsor is. Who influences the decision-makers?

A Compendium of Works to Increase the Probability of Project Success

Herding Cats

Project Governance. Agile Software Development for Government Software Intensive System of Systems (SISoS) , Boulder Agile Meetup, 27 July 2016. How to Develop Credible Cost & Schedule Estimate. Estimating and Reporting Agile Projects using the SRDR and Earned Value Management , PSM Users Group 2017, 12-16 June 2017, Crystal City, VA. Estimating and Reporting Physical Percent Complete on Agile Projects , DHS Cost Analysis Stakeholder Working Group, June 26, 2017.

2008 45

Compendium of Works to Increase Probability of Project Success

Herding Cats

Governance (#Governance). Six Business System Rule - defines the assessment of the integrated business systems for Federal procurement and their integrity in providing information to the Government contracting office. . Managing Government Grant Projects at Arizona Public Service - APS management process for Department of Energy grant for algae CO2 capture project. The starting point is understanding what processes make up the discipline of estimating.

2015 37

How good are you at starting off your project?

Ron Rosenhead

I came across an interesting report published by the National Audit Office (NAO) – which exists to provide independent opinion and evidence to assist Parliament and hold government to account. We are therefore re-focusing our studies earlier in the project lifecycle to better assess the quality of, and to influence successful, project initiation. our examination of central government projects repeatedly shows that too few projects bring all of these factors together well.”.

2015 159

DDSTOP The Saga Continues

Herding Cats

We were one of the first users of eXtreme Programming, long before Scrum was around and presented that early work in 2003, " Making Agile Development Work in a Government Contracting Environment, Measuring velocity with Earned Value." . 40 - Estimation is a Problematic Practice of Companies Doing Dangerous Things. A #Noestimates advocate makes the claim that having a ±10% accuracy for estimates of cost and duration is a dangerous thing. link] Cost Estimating Tools.

2019 37

DDSTOP The Saga Continues

Herding Cats

We were one of the first users of eXtreme Programming, long before Scrum was around and presented that early work in 2003, " Making Agile Development Work in a Government Contracting Environment, Measuring velocity with Earned Value." . Yet another class #NoEstimates lack of understanding of estimating, reference class forecasting, reference class databases, parametric estimating, estimating tools, and other well established estimating processes in the agile software development world.

2019 34

DDSTOP The Saga Continues

Herding Cats

We were on of the first users of eXtreme Programming, long before Scrum was around and presented that early work in 2003, " Making Agile Development Work in a Government Contracting Environment, Measuring velocity with Earned Value." . These are classic examples from an author who is either unskilled, untrained, and inexperienced in estimating software development. And, my customer is equally as clueless about the need to estimate as I am. By simply NOT Estimating?

2018 33

Two Parallel Processes of Project Success - Both Value and Delivery are Needed

Herding Cats

Software engineering economics is a topic that addresses the elements of software project costs estimation and analysis and project benefit-cost ratio analysis. Macroeconomics is the study of how people make decisions influenced by tax rates, interest rates, foreign policy, and trade policy. This is the foundation for estimates. Estimates, with accuracy and precision values, are needed to make credible decisions.

2018 39

Risk Management in Five Easy Pieces, with Apologies to Jack

Herding Cats

Although each uncertainty type is distinct, a single project may encounter some combination of four types: Variation – comes from many small influences and yields a range of values on a particular activity. Foreseen Uncertainty – are uncertainties identifiable and understood influences that the team cannot be sure will occur. The answers to each of these questions require making estimates in the presence of uncertainty. No Point Estimate of Cost or Duration can be Correct.

2017 37

How to Build a Robust Project Risk Culture [8 Steps]

Online PM Courses

Some of my readers may hope to influence the risk culture of their whole organization. And the process for creating a robust risk management culture within your project can apply equally if you get a chance to influence your wider organization. This will hep you improve your budget and schedule estimates, and therefore reduceover-runs. Your biggest wins will come from better governance, with little or no extra cost and time overhead. And what about governance?

Risk 81

INVEST, Scrum and Enterprise IT

Herding Cats

The direction of influence from one element to another is captured by an arrow in place of a simple link. In the presence of uncertainty, estimates is needed to make decisions. NoEstimates Decision Making Estimating Governance Management Planning Principles Product Management Project Management Requirements Strategy Systems Theory Technical Performance MeasuresThe term INVEST is an acronym for good User Stories. I ndependent (of all others).

2018 31

Economics of Software Development

Herding Cats

Macroeconomics is the study of how people make decisions influenced by tax rates, interest rates foreign policy, and trade policy. This is the foundation for estimates. Estimates with accuracy and precision values needed to make credible decisions. These estimates are critical to both developers and customers. These estimates are used for generating requests for proposals, contract negotiations, scheduling, monitoring, and control. No Estimates?

2017 36

Value, Cost and Business Decision Making

Herding Cats

The best choice depends on our type of business, what influences our customers to buy and the nature of our competition. Why Guessing is not Estimating and Estimating is not Guessing. NoEstimates Business Decision Making Estimating Fallacy of the Week Governance Logical Fallacy Management Planning Principles Product Management Project ManagementIn Software Value of something is totally unrelated to Cost.

2018 34

What Is a Stakeholder? Definitions, Types & Examples

ProjectManager.com

Stakeholders are very important because they can have a positive or negative influence on the project with their decisions. While every project has stakeholders and those stakeholders can be anyone with influence or that can be influenced by the project.

2022 401

INVEST, Scrum and Enterprise IT

Herding Cats

The direction of influence from one element to another is captured by an arrow in place of a simple link. In the presence of uncertainty, estimates is needed to make decisions. NoEstimates Decision Making Estimating Governance Management Planning Principles Product Management Project Management Requirements Strategy Systems Theory Technical Performance MeasuresThe term INVEST is an acronym for good User Stories. I ndependent (of all others).

2018 28

Value, Cost and Business Decision Making

Herding Cats

The best choice depends on our type of business, what influences our customers to buy and the nature of our competition. Why Guessing is not Estimating and Estimating is not Guessing. NoEstimates Business Decision Making Estimating Fallacy of the Week Governance Logical Fallacy Management Planning Principles Product Management Project ManagementIn Software Value of something is totally unrelated to Cost.

2018 28

How To Motivate Your Project Team

Rebel’s Guide to PM

Modelling is the reason we don’t want our children to hang out with “the wrong sort of influence” and it is the reason we want them to hang out with “the right sort of people”. Ruth Pearce knows everything there is to know about motivating your project team. She’s even written the book on it.

2022 289

AI in Project Management: An Interview with Lloyd Skinner

Rebel’s Guide to PM

When those tasks are automated, Lloyd believes the project manager can focus on human-based tasks like business change, “knocking heads together to get decisions”, governance, and stakeholder engagement. Lloyd Skinner. Where is artificial intelligence taking project management?

2021 410

Microeconomics and Risk Management in Decision Making for Software Development

Herding Cats

When we hear about software development disasters and then hear that estimates are to blame, and NOT Estimating will somehow reduce or prevent these disasters, think again. Each of the categories operates in the presence of uncertainty and requires that estimates be made about the probability, conseqeunce of the resutling risk. risks that originate outside the program office or are not within the control or influence of the Program Manager or Program Executive Office.

2007 32

Concept of Operations

Herding Cats

Describe those aspects of the physical environment, safety, security, and privacy that exert influence on the operation or operational environment of the proposed system. Why Guessing is not Estimating and Estimating is not Guessing. Agile Architecture Decision Making Governance Principles Project Management Systems TheoryOne of the root causes of project failure is the failure to apply the first principle of the five principles of project success.

2017 34

Why Johnny Can't Do The Math

Herding Cats

In a previous post, Why Johnny Can't Estimate , mentioned some resources for estimating, the principles of business and technical management that demand estimates be made to make decisions, and background on the sources of uncertainty, that create risk, that require estimating to increase the probability of project success. One of the #Noestimates advocates has now discovered a phrase: Estimates are non-ergodic. It is not the Estimates that are non-ergodic.

Fallacy of the Day

Herding Cats

Measures of Performance - are performance measures that characterize physical or functional attributes relating to the system operation, measured or estimated under specific conditions. An Open-Loop system, is a non-feedback system, where the output – the desired state – has no influence or effect on the control action of the input signal. . Recommended Solution – start with a baseline estimate of the cost, schedule, and technical performance.

2017 34

14 Common Project Risks (+ more)

Rebel’s Guide to PM

As such, you may have a bit more influence on these if appropriate actions are taken early. External risks can occur due to a variety of factors, often caused by influences more outside of our immediate control. Poor estimating. Sometimes the estimates are just rubbish.

Antifragile, Macro and Micro Economics and the Misuse of Terms (Again)

Herding Cats

The Buzz Word Anti-fragile is tossed around lately by #NoEstimates advocates claiming that making estimate creates fragility to the work. Macroeconomics analyzes all aggregate indicators and the microeconomic factors that influence the economy. Government and corporations use macroeconomic models to help in formulating of economic policies and strategies. [2]. NoEstimates Agile Estimating Logical Fallacy Management Mathematics Quotes Science

2018 31

7 Top Project Management Issues You Can Solve With the Right Tools

Proofhub

This can be a group of people, an individual, a whole organization, or even a government. Are there also people/entities who can influence my project in a negative way? In coaching sessions, I have often heard these sentences: “Why should I provide an estimate?

2020 111

So what’s in your company’s project management dictionary?

Kiron Bondale

Such definitions might constrain the degree of flexibility which a project team possesses but will support governance and oversight through increased consistency and predictability. Let’s consider a team’s degree of confidence in its estimates. A project funding policy might require that team submitting detailed estimates should have a confidence of ±5% but what does that really mean?

2016 148

From Laying the Foundation to Completion: The Basics and Challenges of Project Management in Construction

Inloox

The success of a construction project is sometimes recognizable even to amateurs and influences the lives of everybody. In some cases the difference between actual and estimated numbers was up to 40 percent.

Top 11 Cities for Project Management

Rebel’s Guide to PM

The Australian government has granted two initiatives close to Brisbane major project status. Over A$10bn has been committed by the Australian government to fund the upgrades. The majority of the work is government based and there is an exciting start up scene,” she adds.

2020 367

Stakeholder Engagement for Your Project Success

Epicflow Blog

Therefore, stakeholders in project management are the people who directly or indirectly influence and are affected by the initiation, execution, and implementation of the project. In such a way, it’ll be easier for you to influence and change their opinions if you need it.

2020 83

Setting your Transformational Frames: The CEO’s Role in Identifying and Implementing Change for a New Future

Leading Agile

Framing is a way to communicate the context they want to shape and influence how the organization perceives reality. A frame is a set of one or more related ideas that influence or structure how one thinks about a topic. Work is estimable with precision. Governance.

2022 62

Overview of the PMBOK® Guide Seventh Edition – Lesson 1 Transcription

MPUG

What could have an impact on how projects are conducted within any organization, as well as those factors that could influence the projects outcome. Like for examples, infrastructure, organizational culture structure, governance, resource availability, marketplace conditions, et cetera.

2022 56

Managing Projects in Education: Specific Challenges and Ways of Addressing Them

Epicflow Blog

It involves setting clear goals, defining roles, estimating time and costs required for project implementation, planning resources. Live and learn – this proverb has never been so relevant as in the 21st century.

2021 83

Project Manager Roles and Responsibilities: What does a PM Really Do?

Project Bliss

Identifying activities, dependencies, sequencing, and time estimates. As the project manager, you may report to stakeholders, governance bodies, and anyone else who needs project information. Understand how market changes could impact or influence the project. The job title of “project manager” is pretty common these days. But project manager roles and responsibilities can be pretty vague if you’re not already familiar with them.

2017 196

Project Initiation Checklist: The Perfect Way To Start Your Projects

Proofhub

As you start your project, you need to take the initiative on the preparatory work, from preparing the scope, estimating the costs, assigning resources, and creating a project timeline, to getting sign-off on the key performance indicators.

How To Motivate Your Project Team

Rebel’s Guide to PM

Modelling is the reason we don’t want our children to hang out with “the wrong sort of influence” and it is the reason we want them to hang out with “the right sort of people”. We have so much material about what processes to use, and yet it is estimated that 70% – and possibly as much as 81% – of project success depends on the human side of projects. Her 25 years’ experience is in a variety of industries including financial services, state government, and non-profits.

2019 246

Overview of the PMBOK® Guide Seventh Edition – Lesson 2 Transcription

MPUG

How does governance support a system for value delivery? What are the internal and external factors that influence projects and the delivery of value? What are the pieces on that board that influence the overall outcome?

2022 56

The Top 5 Resource Capacity Planning Tools For Teams Of All Sizes (Free & Paid)

Teamweek

External factors : Government policies, union laws, and budget cycles too can influence capacity planning. Determine demand : Second, look at a project schedule and resource availability to estimate the demand for new resource capacity.

2020 77