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. Irreducible uncertainties can have no specific actions, but must have margin to protect from the resulting risk. IT 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.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

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. Risk and uncertainty analysis that qualifies risks and impacts.

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.

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?

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

Risk 45

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. Estimation of Long?Term

Risk 42

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. Deliverables Based Planning: Providing Actional Information to the Program Manager , 11th Annual Rocky Mountain Project Management Symposium, 2009. Risk Management. Handling Risk on High Technology Programs.

2003 59

Compendium of Works to Increase Probability of Project Success

Herding Cats

Business, Technical, Systems, Risk, and Project Management Briefings and Presentations. Risk Management (#RM). Business, Technical, Systems, Risk, and Project Management. But in fact, risk management is part of the other 4 principles as well. Risk Management .

2003 45

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

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.

#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

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.

DDSTOP The Saga Continues

Herding Cats

If you're not an expert, you're not going to recognize the possible solutions, risks, impediments, and opportunities for the problems you'll encounter in developing a solution that has never been developed before. maybe a read of the resources of Estimating Agile Software Development may help.

DDSTOP The Saga Continues

Herding Cats

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? . . These are classic examples from an author who is either unskilled, untrained, and inexperienced in estimating software development.

2018 42

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.

Book of the Month

Herding Cats

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. . IT Risk Management. Information Technology Estimating Quality.

2017 36

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

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. IT Risk Management.

2008 31

Concept of Operations

Herding Cats

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

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.

Principles of Project Success

Herding Cats

People, money, facilities, technology. risk management is how adults manage projects - Tim Lister. All risk comes from uncertainty. Information Technology Estimating Quality. Deliverables Based Planning(r) Estimating Governance IMP/IMS Management Performance-Based Project Management® PrinciplesProjects produce products, services, solutions.

2017 37

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

Herding Cats

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

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

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.

Concept of Operations

Herding Cats

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. Technology considerations - what limitations do we have? IT Risk Management. Why Guessing is not Estimating and Estimating is not Guessing.

2014 34

What is Strategy?

Herding Cats

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.

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. Managing small, low-risk projects. Information/.

2015 64