Information Technology Risk Management

Herding Cats

Risk Management is How Adults Manage Projects - Tim Lister (IBM). It can't be stated too often - either manage risk, or risk will manage you. Projects without risk management are late and over budget before they start. Reducible uncertainties can have specific actions to reduce to risks that result from the uncertainties. Here's a paper describing how to manage an IT project with Risk Management.

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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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. Includes evidence of review and acceptance by management. 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. IT Risk Management.

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.

Risk Management Resources

Herding Cats

Risk Management is essential for development and production programs. Information about key project cost, (technical) performance, and schedule attributes is often uncertain or unknown until late in the program. requires making estimates) ? Risk Management Papers. “A

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A Compendium of Risk Management Resources

Herding Cats

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.

Risk 42

Governance and Estimating

Herding Cats

A structural component that pertains to the organisation’s information technology activities, the way those activities support the goals of the business, and the people who help manage those activities. Information & Technology Balance Sheet - Balanced Scorecard, Zachman .

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

Risk 43

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. IT Risk Management.

The Pseudo Science of No Estimates

Herding Cats

I listened to the final rant of Jon Stewart ( BIG CAUTION this show is from Cable and for Adults Only, just like Risk Management) and came away with inspiration for a post, which I've edited a bit to remove the phrases not applicable here. . estimates are the smell of dysfunction, so let's not estimate and the dysfunction will disappear." 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

Business, Technical, Systems, Risk, and Project Management. Managment Processes. Nine Best Practices of Project Management , Software Program Managers Network (SPMN). Top Habits of Successful Project Managers. Ten Rules for Common Sense Program Management.

2003 59

Compendium of Works to Increase Probability of Project Success

Herding Cats

Business, Technical, Systems, Risk, and Project Management Briefings and Presentations. Management Processes (#MP). Project Performance Management (#PPM). Agile Project Management (#APM). Risk Management (#RM). Earned Value Management (#EVM).

2003 45

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. Papers on Risk Management.

Process Reduces Agility? Only on De Minimis Projects

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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

Biases in Project Management and How to Remove Them

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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.

DDSTOP The Saga Continues

Herding Cats

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. Place all the information into some modeling tool.

#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?

DDSTOP The Saga Continues

Herding Cats

There's been a rash of conjectures about all kinds of bad business, project, and software development (agile and traditional) management ideas of late. Adaptability is of little use if you don't know the boundaries of the technology, processes, and uncertainties of the problem.

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.

DDSTOP The Saga Continues

Herding Cats

There's been a rash of conjectures about all kinds of bad business, project, and software development (agile and traditional) management ideas of late. These are classic examples from an author who is either unskilled, untrained, and inexperienced in estimating software development.

2018 42

Top 7 Enterprise Project Management Software Tools

TrustRadius Project Management

TrustRadius has already done the work in compiling a list of the best project management software , according to end-users; but not all of them require the same scale of management or growth-optimization tools. Best Project Management Software for Enterprises. #1

2020 62

Crucial Buying Criteria For Your Next Project Management Collaboration Tool

TrustRadius Project Management

Figuring out what makes one project management tool different from the next can feel like trying to taste the difference between two expensive bottles of red wine. Unless you’re a seasoned wine connoisseur or project management expert, it can be hard to know what to look for. .

2020 62

Book of the Month

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The ignorance that all project work contains uncertainty, that uncertainty is of two kinds - reducible and irreducible, and that uncertainty is the source of risk. . Essential Reading List for Managing Other People's Money. IT Risk Management.

2017 36

A Wrap Up of the #NoEstimating Conjecture Analysis to Date

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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

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). IT Risk Management.

2017 42

Real Options and Decision Making for ICT Projects

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Estimation locks down choices early through upfront t decision making, #NoEstimates preserves options. Traditional methods of quantitative cost-benefit analysis, like Net Present Value (NPV) or Discounted Cash Flow (DCF), either ignore or cannot properly capture the needs of management for flexibility to adapt and revise later decisions based on the uncertainties found on all IT projects. Some require memberships (IEEE, ACM), which any credible project manager should have anyway.

2008 31

Principles of Project Success

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People, money, facilities, technology. A time phrased plan for their acquisition, deployment, management, and funding. . risk management is how adults manage projects - Tim Lister. This is the basis of managing projects. All risk comes from uncertainty. Information Technology Estimating Quality. Deliverables Based Planning(r) Estimating Governance IMP/IMS Management Performance-Based Project Management® Principles

2017 37

Complete Collection of Project Management Statistics 2015

Wrike

Need up-to-date facts and figures for a project management report, article, or infographic? Browse this collection of project management statistics collected from studies and reports from the past five years. Benefits of Project Management. —1A. Agile Project Management.

2015 64

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

Integrated Change Control

MPUG

Integrated change control (ICC) is the process of reviewing all change requests, approving changes, and managing changes to deliverables with documentation. It is the responsibility of the change manager to send out the CRs for discussion prior to the meetings.

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 75

Concept of Operations

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Johns Hopkins University's Whiting School of Engineering provides an approach to making the decision about what's in the ConOps and its format based on some Systems Engineering analysis of criteria: Program risks - reducible and irreducible uncertainties that create these risks. Funding constraints - how much money do we have, when can we spend it, what's our management reserve? Technology considerations - what limitations do we have? IT Risk Management.

2014 34

What is Strategy?

Herding Cats

Management then reverts to the simpler task of overseeing independent functions. Improving operational effectiveness is a necessary part of management, but it is not a strategy. In confusing the two, managers will be unintentionally backed into a way of thinking about competition that drives the business support processes (IT) away from the strategic support and toward the tactical improvement of operational effectiveness. How is this topology managed?