Operations, Finance, and Accounting for the Development of Software

Herding Cats

A Scrum of people works very well when doing Scrum , but operations, finance, and accounting are not the same as writing software for money. A Scrum of cost accountants, planner, finance, and operations people is called Chaos. It's common to hear, projects are overhead, we just need to get the value to the customer as fast as possible. This seems to be a lament from agile developers. Anything getting in the way of them coding is seen as an impediment. . Here's a little story.

Thoughts on Suggestions That Violate Principles of Finance, Probability, and Statistics

Herding Cats

The on-going discussions that Decisions can be made in the absence of estimates reminds me of this concept. .

Getting Financial and Clinical Professionals Working Together On Healthcare Projects


best practices Blog collaboration Leadership Project Management work culture celoxis clinical professionals collboration finance finance professionals healthcare patient welfare project managementHealthcare continues to evolve worldwide under the pressure of lowering costs while maintaining or, even, increasing quality. The relationship between the two is like a “tug of war” between cost and benefit, which every healthcare establishment must face on a daily basis.

Quote of the Day

Herding Cats

Finance is a pure information processing game. Managerial Finance and Microeconomics of decision making in the presence of uncertainty is the foundation of project management processes. A lot of people in the business are doing things that should be done by computers - David Shaw.

Quote of the Day - The Fallacy of #NoEstimates

Herding Cats

There is NO Principle of Managerial Finance, Probabilistic Decision Making, or Microeconomics of Software development, in the presence of uncertainties found on all projects, by which a credible decision can be made without estimating the impact of that decision on the probability of project success.

What Makes a Good Manager?


There are those hated by the people, and yet able to hoist the company’s finances to the levels that seemed to be far beyond its […]. Use the Force Oh, if we only knew. The truth is, there does not exist one “golden rule” for being a great manager.

Quote of the Day

Herding Cats

If we replace Aliens and Scientist with Finance and Management and the phrase we can make decisions in the presence of uncertainty without estimating the impact, cost, or schedule of those decisions , we're on the same page.



Others believe it to be finances. There are certain measures to be taken if a business is to be thriving and the risk of its failure mitigated. Some people consider the idea in the core of a project to be a key question which needs to be kept in one’s mind.

You say, but I say.

Musings on Project Management

I say: Cost You say: Balanced scorecard -- customer, organization, product, finance I say: Cost, schedule, scope, quality You say: Vision -- the long view I say: Requirements. You say: Value! You say: strategy and strategic alignment I say: tactics to overcome problems I also say: I could go on with this but you get the point (I hope). You" are the sponsor, and your context and objectives Project Management Project Value

9 Great Reasons to Choose a Project Management Career

Project Bliss

That same AEG study referenced above found future project management career growth in the following sectors: healthcare, manufacturing, information services and publishing, finance and insurance, management and professional services, utilities, and oil and gas.

2018 163

Five Professions That Make Great Project Co-ordinators

Arras People

Finance. With a good foundation in finance – the other aspects of project co-ordination – like planning, documentation management, reporting and so on will come with basic training and on-the-job experience.

2017 168

5 Workplace Resolutions for Being Effective In 2018


On the personal front, people make resolutions for better health and fitness, better control on finances, exotic vacations and so on. The year-end holidays are a good time to wind down and recharge your batteries. It’s always good to reflect on the year gone by and make plans for the new year.

2018 40

Improving portfolio management must be part of an agile transformation

Kiron Bondale

When we think of an agile transformation, improving portfolio management might not be high on the organization’s list of priorities. But what happens if your organization doesn’t have an effective and efficient portfolio management capability?

Agile 151

What Can a Project Manager Do Next? The Project Manager Career Ladder

Project Bliss

You need to understand risk and finances, and evaluate projects based on ROI. You’d also oversee budgeting and work with Finance and stakeholders to determine budget forecasts and projections for the year.

2017 191

Advice – Downturn in the Oil & Gas Industry

Arras People

or finance. “ I’ve been working in the Oil and Gas industry for a while as a cost engineer but I’m concerned about the downturn in the industry. Any advice on how to make a move away from this industry?”

2016 137

How to Create a Project Assumptions List: Examples and Template Included

Project Bliss

Finances – funding to complete the project. Finances – funding to complete the project. . When my daughter was very little she came home from school one day and told me the saying about assumptions: When you assume, you make an ass out of you and me.

2018 165

Making Better Business Decisions with Continuous Planning

Arras People

First, you need to open up a dialogue between the business functions – including finance, the PMO, and other lines-of-business. Adapt to change: When operations and finance have access to the same information, they can be flexible when it comes to change, not sidelined.

Stop Overspending With Time Tracking and Productivity!


Read on and find out how these factors will help you stop overspending and give you a better outlook of your finances! Overspending is one of the main problems that companies have to address effectively if they are to optimize their operating services and start seeing positive outcomes.

How to Become an IT Project Manager


Maybe like operations, marketing, or even finance. If you’re looking to become an IT project manager, Jennifer Bridges, PMP, explains the job description, skills, qualifications, path and training involved. Here’s a screenshot of the whiteboard for your reference!

2018 88

Plotting a Course for Work and Resource Management Success

Arras People

She is an accomplished marketing professional in both B2B/B2C across the Technology, Media, Finance, and Professional Services sectors. In this guest blog, Esther from Planview talks about a new whitepaper focused on resource management in VUCA environments – digital transformation.

2020 166

New to Project Management – No Experience!

Arras People

There are certain business based roles that make a good stepping stone into these roles – anything which has excellent organisational and administration skills; roles where supporting a team of people is prominent; positions that require analytical skills like planning and finance.

2018 130

A Real-World Success Story: New Zealand Government Improves Project Delivery


Our Finance Minister needs to be abreast of every major project,” says Utting. Today, the Treasury can produce detailed reports out of Planview Enterprise, such as pipeline status, risky areas, associated current finances and those coming up in the next budget cycle.

Program Manager Job Description – Plus! Cut & Paste Example


Finances: It is essential that a program manager has the ability to manage finances and administer budgets over many projects. If you’re looking for a program manager, then that means you’re looking for someone to manage a project portfolio.

2018 67

Quote of the Day

Herding Cats

No matter your choice of a method for revealing to possible risks in the future, There is NO principle of Managerial Finance, Probabilistic Decision-Making, or Microeconomics of project development by which a credible decision can be made in the presence of uncertainty without estimating the outcome of that decision and its impact on the scarce resources (time, cost, technical performance limits) that create that uncertainty. We tend to seek easy, single-factor explanations of success.

2018 54

Project Management Career Outlook – Growth Across Industries through 2027

Project Bliss

Finance and Insurance. Have you ever considered a career in project management? If so, I’ve got great news. The project management career outlook continues to show growth and increased opportunity for the next ten years.

2027 151

Project Versus Product in Agile Development

Herding Cats

When you hear that they are separate, and we need to move to a product point of view, you're likely talking to a coder, that hasn't taken that Managerial Finance class in his educational institution. Agree, and focus more on discovery since in *delivery* you have 4 problems: 1.

2018 77

Quote of the Day

Herding Cats

There is NO principle of Managerial Finance, Probabilistic Decision Making, or Microeconomics by which - in the presence of uncertainty - a credible decision can be made without estimating the outcome of that decision and its impact on the scarce resources that create that uncertainty.

2001 61

February Product Update: Boost Your Business Intelligence with API Support for Analytics


This automates cross-functional reporting and is especially useful for parts of the organization that may not be directly involved with project management, but need the bottom-line numbers, like your finance department.

A Reminder of the Pseudo-Science of #NoEstimates

Herding Cats

Defies the principles of managerial finance in the presence of uncertainty. When you hear. NoEstimates is a hashtag for the topic of exploring alternatives for making decisions in software development. That is, ways to make decisions with "No Estimates". Think about the conjecture.

2016 94

Paying down technical debt should be like fixing ball marks on a golf green

Kiron Bondale

Finance departments often budget for operational costs or resource utilization using previous results as a baseline – this ignores the puts and gets from those projects which implemented changes over the previous year.

2016 158

Tips for taking over an active project

Kiron Bondale

Check the financial health of the project with your finance partners to ensure the books are in good shape. I’ve written previously about the need for a project manager to proactively plan for a smooth transition if someone else will be assuming the role on one of their projects.

2017 148

Project Management Processes & Phases


The project plan will include what resources are needed, financing and materials. Does the business organization where you work feel… a little disorganized ?

Project Management Keywords in CVs

Arras People

We all know how ‘modern’ recruitment works in the UK. Keywords. Keywords are king. They have to be. Recruitment systems that hold hundreds and thousands of CVs have to be filtered in some way. It’s just like Googling.

2016 214

Book of the Month - IT Project Estimation: A Practical Guide to the Costing of Software

Herding Cats

A second graduate degree is in Systems Management - which is a combination of Systems Engineering and Managerial Finance - how to manage the technical processes of engineering programs with the principles of managerial finance, contract law, and probabilistic decision making.

7 Realistic Ways to Up Your Project Budget Management Skills

Function Point

Finance & Business Operations Manager. Brittany keeps the inner workings of Function Point ticking in her role in Finance and Operations. A BA grad from UCSB, Brittany has worked in Finance with non-profits, international tourism, and government agencies.

Fallacy of the Week

Herding Cats

This decision is a Managerial Finance process operating in the presence of the Microeconomics of decision making with all the uncertainties of the market, development cost and of course risk created by uncertainty. That statement violates the principles of Microeconomics, Managerial Finance, the Probability and Statistics of decision making, and common sense. Five Different Decision-Making Strategies That Don't Need Estimates. This is from a #Noestimates presentation.

2018 55

Making Decisions in the Presence of Uncertainty

Herding Cats

All project work is uncertain. This uncertainty comes in two forms - Aleatory and Epistemic. Aleatory Uncertainty is irreducible, Epistemic uncertainty is reducible. More can be found on this in Both Aleatory and Epistemic Uncertainty Create Risk. . But now what to do about it.

2013 72

Business Acumen for Project Managers [Free Checklist]

Girl's Guide to PM

Action: Talk to Finance about how best to manage your project budget. ‘Business acumen’ is one of those skills that you see on role profiles for jobs. It’s also something mentioned in the standards for professional project management bodies.

2016 254

Topsham RFC

The Tao of Project Management

Meanwhile at Topsham Rugby Football Club we had the second meeting of the Finance Sub-Committee and managed to get through quite a lot without wasting too much time. There is a fine line to be observed in chairing a meeting, between giving everyone their chance to have their say and getting through the business in a reasonable time. I always try to get through a meeting in an hour or less but over-ran on this one.

5 Traits of Successful Project Managers

Arras People

On a business aspect, a project manager must possess the critical expertise skills that touch in areas of finance, communication, organization and human resource.

2016 220