Information Technology Risk Management

Herding Cats

and as always - you can't manage risk, without making estimates of the probability of occurrence, probability of the impact from the risk, and for the irreducible uncertainties, the statistical processes driving the naturally occurring variance and the needed cost, schedule, and technical margin to protect to project's success from the uncertainties. So if you're not using Risk Management and associated estimates, you're not managing the project as a adult. Estimating Risk

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. COSMIC Software Estimation Approach,” Alain Abran, ICEAA Workshop, Portland Oregon, June 6?9, Estimating Probable System Cost,” Stephen A.

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Increase Efficiency and Productivity Through Time Tracking

PM Box by GeniusProject

You’ll formalize all of this later when you have more information. Forbes estimates that we spend 2.5 Web Webster is a writer for TechnologyAdvice.com , and writes about technology, education, healthcare for companies across the US.

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.

Cost Estimating Assessment Criteria

Herding Cats

Here are the guidelines for a credible cost estimate (GAO-16-620). Details calculations performed and estimating methodology used. Estimate should lack bias; be neither overly conservative nor optimist. Regular updates cost estimate to reflect significant changes. Estimate based on historical record of comparable p[rograms. Estimating techniques used appropriately. Indpenednet cost estimate to compare different estimating methods.

Estimating Accuracy Mathematics

Herding Cats

In the estimating business, like many things in project management, there is confusion about principles, practices, and processes. A good estimation approach should provide estimates that are within 25% of the actual results, 75% of the time. Want To Learn How To Estimate?

The Five Laws of Software Estimating are Wrong

Herding Cats

There's a blog post from a few years back that has resurfaced The 5 Laws of Software Estimates. Law of Software Estimating. Fact of Software Estimating. Estimates are waste. To those paying the developers, estimates provide actionable information needed to make decisions: Can we afford to develop this feature? Estimates are non-transferrable . Its claimed Software estimates are not fungible. Estimates are Wrong.

The Pseudo Science of No Estimates

Herding Cats

estimates are the smell of dysfunction, so let's not estimate and the dysfunction will disappear." Because "we're just developers who can't even make high level estimates how much it will cost and we work for bonehead managers who can't tell the difference between a good estimate and a bad estimate," doesn't have the same ring. This comes to the discussion of Value at Risk and what are estimates for other than to protect Value at Risk.

A Compendium of Works to Increase the Probability of Project Success

Herding Cats

Deliverables Based Planning: Providing Actional Information to the Program Manager , 11th Annual Rocky Mountain Project Management Symposium, 2009. Handling Risk on High Technology Programs. Applying Risk Radar to High-Risk Technology Projects. Basis of Estimate Process.

2003 59

DDSTOP The Saga Continues

Herding Cats

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. Define the probabilistic ranges of the work in a single point estimate manner.

#Noestimates Has Come to This

Herding Cats

So the first part is following standard estimating principles. which states clearly and concisely that decisions can be made (in the presence of uncertainty - which is ALWAYS present on software development projects - without estimating the impact of those decisions. No Estimates?

Process Reduces Agility? Only on De Minimis Projects

Herding Cats

IMPLEMENTATION OF NEW ACQUISITION PROCESS FOR INFORMATION TECHNOLOGY SYSTEMS. the Secretary of Defense shall develop and implement a new acquisition process for information technology systems. NoEstimates Agile Estimating Risk

DDSTOP The Saga Continues

Herding Cats

Adaptability is of little use if you don't know the boundaries of the technology, processes, and uncertainties of the problem. maybe a read of the resources of Estimating Agile Software Development may help. Subscribe to one of several reference class estimating sites.

Compendium of Works to Increase Probability of Project Success

Herding Cats

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. . A product road and a release plan contain the information about done. .

2003 45

Managing in the Presence of Risk

Herding Cats

Information technology project risk often comes from non-technical aspects of the initiative. Assessing the impact of technology on people, management systems and other initiatives is essential to assure project success. "We Is the outcome dependent on experimental technology?

Risk 43

DDSTOP The Saga Continues

Herding Cats

These are classic examples from an author who is either unskilled, untrained, and inexperienced in estimating software development. What these quotes actually say is I have no intention of learning how to estimate cost, schedule, and technical performance because I don't want to.

2018 42

A Wrap Up of the #NoEstimating Conjecture Analysis to Date

Herding Cats

The conjecture that we can make decisions in the presence of uncertainty without estimating the impacts of those decisions is without any principles that can be tested beyond personal anecdotes of I know people who spend other peoples money without providing estimates. Estimating

2016 46

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. When System One works it is because of memories and past experiences inform the decision.

Performance-Based Project Management®

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Information Technology Estimating Quality. Books Business Capabilities Decision Making Earned Value Economics Estimating Management Performance-Based Project Management® Planning Principles Project Management Root Cause Analysis Scheduling Technical Performance MeasuresSuccessfully managing projects, not matter the domain, the size, the development or engineering method starts with a set of Principles, Practices, and Processes. Here are those Principles and Practices.

Real Options and Decision Making for ICT Projects

Herding Cats

Estimation locks down choices early through upfront t decision making, #NoEstimates preserves options. The notion from the #NoEstimates post that estimation locks down choices early and NOT estimating is the solution, and then somehow connects #NoEstimates with Real Options demonstrates the lack of understanding of how Real Options is based on estimating the choices that can be made as options in the presence of uncertainty. NoEstimates Estimating Fallacy of the Wee

2008 31

Book of the Month

Herding Cats

The ignorance that in order to manage the expenditure of other people's money in the presence of uncertainty requires making estimates of the impact of the decisions made in the presence of that uncertainty. Information Technology Estimating Quality.

2017 36

Misunderstanding Making Decisions in the Presence of Uncertainty

Herding Cats

What happens if you shift focus from "accurate estimation" to "reliably shipping by a date"? . If your project has no uncertainty, there is no need to estimate. Our perception of this world - the data and information we receive about these behaviors.

Concept of Operations

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How we can't possibly estimate the work since all the work is emergent. IEEE Computer Society, March 19, 1998, IEEE Guide for Information Technology—System Definition—Concept of Operations (ConOps) Document (IEEE Std 1362-1998).

2017 42

Principles of Project Success

Herding Cats

People, money, facilities, technology. Information Technology Estimating Quality. Deliverables Based Planning(r) Estimating Governance IMP/IMS Management Performance-Based Project Management® PrinciplesProjects produce products, services, solutions. Projects deliver capabilities that fulfill Missions and Vision, Projects are a vehicle to accomplish and outcome. Every project should have a goal, an objective, and outcome.

2017 37

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. Cognitive bias - a mistake in reasoning, evaluating, remembering, or other cognitive processes, often occurring as a result of holding onto one's preferences and beliefs regardless of contrary information. When System One works it is because of memories and past experiences inform the decision.

Without a Root Cause Analysis, No Suggested Fix Can Be Effective

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In a recent Blog post titled Precision it is suggested Precision (or the implication thereof) is perhaps the root problem of most, if not all dysfunction related to estimation. . Estimates have precision and accuracy, but the reason for these unfavorable outcomes is not stated in the post.

2016 74

Crucial Buying Criteria For Your Next Project Management Collaboration Tool

TrustRadius Project Management

Lead Systems Analyst | Information Technology and Services (10,001+ employees) . Verified User | Engineer in Information Technology | Computer Software Company (10,001+ employees). #2

2020 62

Top 7 Enterprise Project Management Software Tools

TrustRadius Project Management

Users value the ability to allocate resources for accurate project estimates. Its biggest advantage is its ease of use as the interface is very intuitive …” Verified User | Project Manager in Information Technology | Utility Company. #4

2020 62

Integrated Change Control

MPUG

Let’s look at each area: Change Management : Within information technology (IT) systems and quality managing systems (QMS) is a strategy and process used to insure that changes to a product or service are introduced in a controlled and contained way.

No Pain, No Gain?

MPUG

In the field of information technology (IT), most people think that performing financial analyses on new projects is hard work, but it doesn’t have to be if you know what you are doing. This scorecard has evolved over time, and the Gartner Group estimates that over half of large U.S.

2019 76

Review: DevOps a business perspective

Henny Portman

Definition DevOps: “ DevOps is an evolution of the ideas of agile software development and lean manufacturing, applied to the end-to-end value chain in IT, which allows businesses to achieve more with modern information technology due to cultural, organizational and technical changes ”.

2019 56

Ranking the Most (and Least) Productive Industries

Redbooth

Information Technology and Financials get work done the fastest. Industries producing complicated physical goods like Aerospace & Defense and Technology Hardware, also take a long time for work to be completed.

2018 89

Risk Management Resources

Herding Cats

Information about key project cost, (technical) performance, and schedule attributes is often uncertain or unknown until late in the program. requires making estimates) ? Estimation of Long?Term Information Technology Risk Management,” Michael J.

Risk 45

A Compendium of Risk Management Resources

Herding Cats

Information about key project cost, (technical) performance and schedule attributes is often uncertain or unknown until late in the program. requires making estimates) ? Estimation of Long?Term Information Technology Risk Management,” Michael J.

Risk 42

What is Strategy?

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The IT Strategy components described above are based on the physical and logical technologies of the IT Infrastructure. These describe how, what, when, and where for the technology of the IT Strategy is to be deployed. The effects of this technology deployment are another element of the IT Strategy. In order to complete the IT Strategy the influences of these technologies on the organizational aspects of the business must be understood. Information Systems Strategy.

Concept of Operations

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Technology considerations - what limitations do we have? IEEE Guide for Information Technology - System Definition-Concept of Operations (ConOps) Document , IEEE Standard 1362-1998, IEEE Computer Society, March 19, 1998. Why Guessing is not Estimating and Estimating is not Guessing. One of the root causes of project failure is the failure to apply the first principle of the five principles of project success.

2014 34

Complete Collection of Project Management Statistics 2015

Wrike

The data and statistics below are sorted into categories so you can quickly skim to find the information you need. Simply grab the stats you want and find the corresponding original source information at the bottom of this page. Information/. Technology.

2015 64

Interview with Laura Dallas Burford

Stepping Into Project Management

She has experience with big four consulting organizations; was a managing director at a start-up international technology consulting organization; and currently is the owner of LAD Enterprises, a management consulting company. Over her career, she has worked for or provided consulting advice to several Top 100 corporations and led numerous large multi-million dollar information technology and business improvement programs, outsourcing efforts, start-up initiatives, and project turnarounds.

2014 28