Rough Order of Magnitude (ROM): Understanding ROM Estimates

Rough order of magnitude (ROM) can help you better estimate project costs. But what is ROM and how can you calculate ROM estimates? We’ll explain the process, define the term and detail the steps for making a rough order of magnitude estimate. But how accurate is a ROM estimate?

Lean portfolio management


The lean portfolio management is a new way to look at the old problem of balancing cost vs. value in product development projects. Elements of lean portfolio management Set goals- Set outcome-based objectives and review them every quarter. Why lean portfolio management?

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Troubleshooting in Lean-Agile Development


Many project managers utilize a Lean-Agile approach when there is high change or churn in project requirements, significant lack of clarity in scope, high complexity to their projects, and/or a larger number of risks associated with such. Two Lean-Agile Types. Flow-based Lean-Agile.

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How To Implement Lean Portfolio Management?


Lean Portfolio Management (LPM) involves connecting strategy to execution by using lean principles. What Are The Key Components Of Lean Portfolio Management? The lean portfolio leadership team creates the goal of your company. What is LPM?

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Lean Portfolio Management: Lean Budgets and Investment Funding


This blog is part of a series on Lean portfolio management. If you haven’t already, we recommend reading part one first, “ What is Lean Portfolio Management ,” which you can find here . In the first installment of this series, we discussed why modern enterprises need Lean portfolio management and the specific elements that make Lean organizations better equipped to compete in a rapidly evolving, unpredictable world. This is where Lean budgeting comes in.

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Lean/ Agile Adoption in IT Services


In my position within Digité, I have often interacted with senior leadership in these organizations about Lean/Agile adoption. Several quarters ago, I started a Lean/Agile transformation journey for an IT service provider with their Leadership team. How does Lean/Agile recommend that projects are estimated in the Presales stage before the deal has been won and a SOW issued? How do we appraise people in Lean/Agile? What metrics should a Lean/Agile project follow?

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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.

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.

Basis of Estimating Software Development

Small Business CEO

The estimating of software development is both straightforward and complex. When it is suggested that estimating is hard, of no value, and unnecessary, always ask what principle is used to support that claim? Here are some resources that will provide guidance to produce credible software development estimates, in both traditional and agile domains. Software Sizing and Estimating: Mk II FPA , Charles Symons, John Wiley & Sons, 1991.

Lean Project Management For Remote Teams: A Simple Guide To Eliminate Waste & Improve Productivity


Lean Project Management can fix this. In this article, we’re going to explore: What is Lean Project Management? The Lean Methodology The 3 Types of Waste & How to Fix Them. What is Lean Project Management? As a concept, Lean originates from the Toyota production floor.

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How to Get Started with Lean Project Management


Lean project management sounds like a brand-new concept when in actuality it’s been around for over 40 years. Now, fortunately for project managers across all sectors, the lean philosophy is more widespread and making a difference in all sectors that value customer service. Origin of the Lean Philosophy. By taking an unprecedented step from mass to lean production, Toyota saw its manufacturing costs and lead time go down, and product quality and customer satisfaction go up.

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Team using “Waiting for Release” column on their kanban board


On the one hand, the delivery team is not able to precisely estimate when it can deliver a release. Lean/ Kanban agile Kanban Lean Lean Software Development Management Release Management ScrumHere’s is another question that I recently answered on a discussion forum –. “My My team is using Kanban board but they seem to prefer to collate a couple of tickets then ‘do a release’ as appose to releasing each ticket.

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Applicability of Agile/Lean/Kanban Methods for fixed scope/budget projects (with short duration)

Sudipta Lahiri

This session objective was to address challenges faced by Lean-Kanban practitioners in their projects. The team started the session by working in teams to identify what aspects of Lean/Kanban facilitate small project execution that have fixed scope, fixed budget and small duration (“+ives”) and what aspects don’t (“-ives”). The following Positives were identified when applying Agile/Lean methods to these projects: Positive Contributors.

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The Difference Between The Kanban Method and Scrum


Dave is a Principal Consultant at Depth Consulting Ltd, and Program Director of the KCP Program at the Lean Kanban University. The Kanban Method pulls a great deal of its values from a Lean value system. There isn’t really a “Lean Manifesto” but the works of Taiichi Ono and W. Edward Deming contribute to a common understanding of what it means to be a lean thinker. Teams will assign a estimated value to a work item that is used to indicated how “big” it is.

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Kanban = Continuous Delivery? Not Necessarily


On the one hand, the delivery team is not able to precisely estimate when it can deliver a release. Lean/ Kanban agile Kanban Lean Lean Software Development Management Release Management ScrumHere’s is a question that I recently answered on a discussion forum –. “My My team is using Kanban board but they seem to prefer to collate a couple of tickets then ‘do a release’ as appose to releasing each ticket.

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How do you “do” Scrumban?


As you use Kanban effectively, especially WIP Limits and other concepts such as defining explicit policies, using Classes of Service for prioritizing work and committing to SLAs, you might decide to make changes to your overall process that could include dropping some Scrum related concepts such as the time buckets of 2 or 3 weeks, estimation, etc. In fact, the Scrum community itself is no longer emphasizing effort estimation as being necessary for Scrum.

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What is Lead time in Inventory Management- A Getting Started Guide


Correctly estimating lead time also helps eliminate these dependencies. Change Management inventory management Lean Management Work ManagementWe all know how important time is, once lost it can never be turned back.

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The Problem with Story Points

Leading Agile

You can see there is a sort of informal “estimation” thing happening here. For a novice team, sizing the stories serves the dual purpose of estimation and collaboration. Agile Specifications Agile Training Agile Transformation Coaching Daily Stand Up Lean Lean Thinking Scaling Agile Scrum Team Transformation User StoriesFor starters, let me just say there’s no problem with story points.

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Don’t Say NoGet Them to Understand Your Team Delivery Capacity

Leading Agile

Adopting Agile Agile Teams Business Agility Capability Analysis Coaching Coding Estimating Lean Thinking Software Software Craftsmanship Software Developer Software Development Software Testing TDDDo you, or the teams you work with, feel pressure from stakeholders to say “yes” to everything they ask for? If so, you’re not alone. The Cycle of Distrust. There’s a problem with saying “yes” to everything.

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Creating a Risk-Adjusted Backlog

Mike Griffiths

Prioritizing based on business value is an example of the lean concept of 'Taking an Economic View of Decision Making.' While profit is not their goal, usually an economic impact figure can be estimated for the outcomes they aim to achieve.

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The Complete Guide to Six Sigma Methodology


In this article, we’ll explain what the Six Sigma methodology is, how lean Six Sigma principles differ, and how Six Sigma project management can help boost your organization’s process efficiency and quality. A look at the lean Six Sigma principles.

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Effectively Using Product Roadmaps for Agile

The IIL Blog

A good roadmap process helps teams manage expectations, facilitate decision making, and most importantly, estimate and deliver valuable solutions. By Betsy Kauffman, Organizational Coach, Agile Pi. What is an Agile Product Roadmap? A product roadmap is essentially an action plan for how a product will evolve to completion. Product roadmaps can be incredibly useful to outline your product functionality and showcase a timeline for when new features will be implemented.

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New PM, New Choices

Leading Answers

Likewise, there are defined, repeatable IT projects that can (and have been) successfully managed using meticulous planning, detailed estimation, and formal change control procedures. Here, formal planning and estimation are difficult because we don’t know what we will encounter. Approaches like lean, kanban and agile work well in these uncertain, high-change environments.   Agile Project Management Estimating Planning Risk Management Tailoring Approaches

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Strategic Planning: The Types of Planning That Bring Your Strategy to Life


You can estimate the costs, benefits, and revenue associated with these initiatives, aligned with your organizational financial data model, to develop the business case for the program. Lean and Agile PMOIn this blog series, we are providing an overview of the seven planning types to help you deliver on strategy with a dynamic and continuous approach.

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Roadmapping: An Essential Planning Practice to Deliver Outcomes


Estimate the costs, benefits and revenue associated with each outcome. Lean and Agile PMOIn part II of this series, Strategic Planning: The Types of Planning That Bring Your Strategy to Life , we reviewed the first three planning types from the eBook, “Planning Deconstructed: 5 Types of Planning Crucial to Delivering on Strategy with a Dynamic and Continuous Approach,” covering financial and budgeting project plans, strategic planning, and program planning.

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Professional Development Day 2022 – IGNITE!

International Institute for Learning

Estimating and Applying Points with Agile – How to apply, and when is it done? As early as most of us can recall, we estimate the size/magnitude/amount of effort to do something in time.

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Job done?

Musings on Project Management

Is it the job described in the business plan and in subsequent project plans, albeit lean plans consistent with the Agile Manifesto? Is it the job that has been estimated and scheduled? Agile Principle 5: Build projects around motivated individuals. Give them the environment and support they need, and trust them to get the job done. Trust them to get the job done. What job?

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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. With what appears to be NO understanding of how to estimate, this author ignores the processes used in developing products or services in the presence of uncertainty. Define the probabilistic ranges of the work in a single point estimate manner. All by NOT Estimating?

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The waste of misdirected effort

Lynne Cazaly

They estimated they'd spent a week of time, at a minimum - all of it not needed. agility business agility change culture experiment leadership leanImagine working on a task or project and later finding that much of what you’ve done isn’t needed, that you'd kept heading down a path that wasn't necessary. I noticed a colleague working on a project recently, spending hours and days preparing and producing some work and. it’s not needed. It was never needed.

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Scrum & Agility, Time-Based Estimates, Output vs. Outcome vs. Impact, From Developer to PO

Food for Agile Thought’s issue #214 delves into Scrum agility; we follow a notion for time-based estimates, and we learn more about similarities and differences between Cynefin and the Stacey matrix. Gergely Orosz: Yes, You Should Estimate Software Projects. Gergely Orosz advocates for doing time-based estimates instead of estimating complexity with story points. Source: Yes, You Should Estimate Software Projects. Product & Lean.

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. The notion (as suggested in the quote) of shifting from accurate (what ever that means) ways of estimating to reliability shipping be a date is not physically possible since the irreducible and reducible uncertainties are always present. All estimates have precision and accuracy.

7 Things All Agile Frameworks Have In Common


Scrum , Kanban , XP, Lean, RAD, SAFe, and so on… We spend a lot of time concentrating on the distinctions across agile frameworks since the list is extensive and diverse. It is basically a tool for planning, reviewing procedures, and estimating delivery times.

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12 Incredible Reasons You Should Get a SAFe® Agile Certification


SAFe is a knowledge base of proven, integrated principles, practices, and competencies for accomplishing business agility using Lean, Agile, and DevOps. It helps you spearhead agile transformation using lean thinking and product development flow in organizations.

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Value of MVP and Knowledge Discovery Process

Pawel Brodzinski

While I’m a huge fan of the idea since I learned it from Lean Startup , these days I feel like one can label anything an MVP. When we were figuring out whether our no estimation cards make sense as a business idea we discussed the numbers. We end up being recommended for our Lean approach and taking care of best interest of our clients. software business lean startup mvp product management startupBy now Minimal Viable Product (MVP) is for me mostly a buzzword.

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Learning Agile Requirements with User Story Mapping

Sudipta Lahiri

A group of about 25 Lean/Agile enthusiasts met on this Saturday morning. A follow-up question was about User Story estimation. Kanban Lean Limited WIP Society Agile Agile ALM Agile Project Management Agile Requirements AgileEVM ALM Project Management User Story User Story MappingThe Limited WIP Society Bangalore Chapter held its 2 nd Meetup at Pune on Oct 26. The session was hosted by BMC, India and their office.

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Busy, But Not Productive

International Institute for Learning

Despite our rudimentary technology, we were (in my estimate) at least as productive and less stressed out than most people are today. We simply need to start judiciously applying the principles of lean-agile management. By Alan Zucker. Everyone tells me they are busy.

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Meisterplan at 2018 PMI Global Conference – Do Your Plans Work?


We have used those conversations to develop our Lean PPM process. Our goal is to continually improve our Lean PPM process and to share what we learn and what we’ve developed with organizations worldwide who use or need PPM. Estimating work effort is challenging. As always, we will take the information we gathered from these discussions and apply them to improving our Lean PPM method and our project portfolio and resource management software.

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Best PMI-ACP Exam Prep Books

Rebel’s Guide to PM

Lots of things are at the heart of agile methods – it’s a very lean way of going about delivering results). Agile Estimating and Planning by Mike Cohn. Another of Mike Cohn’s books that is worth looking at is Agile Estimating and Planning.

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Impacts of traditional project funding models on agile delivery

Kiron Bondale

The challenge with all of these funding approaches is that they are based on an estimated cost of a project rather than the funding we wish to allocate to a product, capability or service. Even in those cases where a funding tranche approach is used, the expectation is that the estimate for the current funding request will be at a high level of confidence. one sprint’s worth), but in most cases, project funding approval processes are not lean enough to encourage such behavior.

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9 Steps to Managing Risk for Your Projects


an estimate of three or more on the scale mentioned in No. Estimation. Once you’ve determined what you’ll do to address each risk, estimate how much it will cost you to do so.

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