Remove Finance Remove Governance Remove Process Remove Risk Management

Vendor Showcase Recap: Triskell Software for Enterprise Governance

MPUG

Please find below a transcription of the audio portion of Rich Murphy’s showcase session, Triskell Software for Enterprise Governance, being provided by MPUG for the convenience of our members. Rich has more than 35 years of experience in the project management field.

Vendor Showcase Recap: Triskell Software for Enterprise Governance

MPUG

Please find below a transcription of the audio portion of Rich Murphy’s showcase session, Triskell Software for Enterprise Governance, being provided by MPUG for the convenience of our members. Rich has more than 35 years of experience in the project management field.

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Risk Management Resources

Herding Cats

Risk Management is essential for development and production programs. Risk issues that can be identified early in the program, which will potentially impact the program later, termed Known Unknowns and can be alleviated with good risk management. Effective Risk Management 2 nd Edition , Edmund Conrow, AIAA, 2003. Risk Management is Project Management for Adults - Tim Lister. Risk Management Papers. “A

Risk 35

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 Management is essential for development and production programs. Effective Risk Management 2nd Edition, Edmund Conrow, AIAA, 2003. Risk a Feelings,” George F.

2012 33

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

Planview

Meeting the demands of ever-changing priorities within a government can lead to inconsistent processes, departments with limited visibility into what is being worked on, and no ability to monitor investments. New Zealand Government, like many other government agencies, was tasked with overcoming these obstacles to develop and manage project and investment portfolios to grow the economy to deliver greater prosperity, security, and opportunities for all citizens.

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

Herding Cats

The conjecture that we can manage in the presence of uncertanty without estimating the impacts of our decisions, willfully ignores uncertainties in the present and future that will impact our outcomes, the external governance frameworks of managerial finance, probability and statistics of the processes under management, and regular governance processes and the decision rights of those governance frameworks.

Impacts of traditional project funding models on agile delivery

Kiron Bondale

A key enterprise partner is the Finance department and the organization’s model for project funding will have significant influence over successful agile delivery. It can result in higher risk, premature financial commitments. one sprint’s worth), but in most cases, project funding approval processes are not lean enough to encourage such behavior. It can also encourage sloppy product management.

2018 153

Get the ‘Right’ Project Controls & Enterprise Programme Management You Want

Arras People

Project management consultancy Dada Enterprises has released a copy of the webinar it presented on designing the ‘right’ Project Controls Solutions for an organisation. Although the benefits of an effective Cost Management system are well known too often most companies rely on a hotchpotch of legacy systems with manual re-entry of data in different systems with excel being relied upon to cut-and-paste integrated reports together. Programme Management (PgM3).

Cost and Value Management for Software Development

Herding Cats

This, of course, is a violation of the principles of Managerial Finance and Microeconomics of software development in the presence of uncertainty and scarce resources. Overlooking key project risks. Along with project returns, they facilitate decisions relating to project financing and funding. They provide the mechanism for managing cash flow during the course of the project. It bad management ?

2018 49

From Laying the Foundation to Completion: The Basics and Challenges of Project Management in Construction

Inloox

Construction project management is considered one of the original forms of today's project management. What is construction project management? Project management in construction describes the planning and work process in order to produce or modify a construction object.

2021 151

The Diversity of Project Manager Position Types: How to Choose a Job Among Different Titles

Epicflow Blog

The need for specialists in the field of project management is growing annually because businesses are getting bigger and most companies are becoming project-based. According to the research by Project Management Institute , 87.7 Project Manager. Program Manager .

2021 64

The Complete Glossary of 614 Project Management Terms

Workamajig

Project management terminology can be complicated. It doesn’t matter whether you’re working towards your PMP certification or simply managing projects casually in your organization, knowing core project management terms always helps. All Project Management Terms.

2021 78

Project Status Reporting – 6 Key Considerations

Project Health Check

We’ve said it before and we’ll say it again, Project Managers (PMs) live and die by the Plan. The entire purpose of the Start-up Phase of a Project is to produce a comprehensive Plan for the Project; consisting of an integrated Performance Measurement Baseline (Time, Cost, Scope) and an associated Project Management Plan to monitor and control it. So far so good; but when an organisation is orchestrating its status reporting process, what does it need to consider?

2017 192

Program Manager Job Description – Plus! Cut & Paste Example

ProjectManager.com

If you’re looking for a program manager, then that means you’re looking for someone to manage a project portfolio. A program manager is just that, a person who is responsible for managing several projects at once, and they might even have to manage many programs. As you can see, this is a unique job, one that shares many responsibilities with the project manager job description , but also differs in substantial ways. Program Manager.

2018 227

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

Project Bliss

Have you ever wondered what career path could be next on the project manager career ladder? There are many possible options where you can apply the valuable skills you’ve honed as a project manager. I previously wrote about the different career paths that can lead to project management. And a project manager role can be fulfilling and interesting. Options on the Project Manager Career Ladder. Project Manager. Program Manager. Portfolio Manager.

2017 198

What is a Stakeholder in Project Management?

Planio

A 3-part stakeholder management process for keeping everyone happy. Step 3: Best practices for stakeholder management and communication. Create and enforce transparent processes for communication. And learning how to identify, handle, and manage them is an essential skill for any project manager. They’re the ones responsible for keeping the project on track, guiding the team, and communicating with and managing the rest of the project stakeholders.

2018 244

GAO Cost Estimating and Assessment Guide Applied to Agile

Herding Cats

Again, this is the basis of Managerial Finance. Uncertainty creates risk. Risk Management is how Adults Manage Projects - Tim Lister. Conduct Schedule Risk Analysis. Uncertanty creates Risk. Agile is a participant in Risk Management, but Agile is NOT Risk Management. . Risk Management has 6 processes, see SEI Continuous Risk Management. Maintain the Baseline with Repeatable Processes.

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. Because of that, we don't separate the thinking processes into a dual-system.

Fallacy of the Week

Herding Cats

Also, read Strategic Performance Management: Leveraging and Measuring Your Intangible Value Drivers. Do the highest technical risk first. ALL risk comes from uncertainty. Here are a short list of papers on Aleatory and Epistemic uncertainty , the risk it creates. And the technical risk is only one of three classes. There may be a high technical risk, but it can be handled quickly for very little money. IT Risk Management.

Why Identifying as a Project Business is Critical For Success

The Lazy Project Manager

Project Management as a Central Component of a Project Business. Oftentimes, people think managing a project and managing a project business are interchangeable. Project Management is something that a business does, regardless of the type of business it is. Project Management applies knowledge, skills, tools and techniques to complete projects and is a central component of a Project Business. Since projects are temporary, managing a project is also temporary.

2020 210

Project Cost Management – The Essential Things to Know and Do

Online PM Courses

Project Cost Management often puts people off. But there’s little your project sponsor, your client, or their Finance Director care about more than your budget and how closely you can stick to it. Instead, you must act with determination to understand project cost management and implement all the tools at your disposal to control costs and bring in your expenditure on budget. So, in this feature article, we’ll look at: What project cost management is.

How to Fund a Software Development Project

ProjectManager.com

But greater flexibility generally requires a more skillful approach to governance and project management. What you need instead is advice on what process decisions you should consider, what your options are, and what the associated trade-offs are. Related: Mastering the Decision-Making Process: A Practical Guide. For example, in Figure 1 you see the process goal diagram for how a team may secure funding. The Secure Funding Process Goal.

2019 264

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. Because of that, we don't separate the thinking processes into a dual-system.

Webinar Recap: Project Management, Critical Event Management and COVID-19: Reflections

MPUG

Please find below a transcription of the audio portion of Jigs Gaton’s session, Project Management, Critical Event Management, and COVID-19: Reflections, being provided by MPUG for the convenience of our members. Project management, critical event management, and COVID-19 reflections.

Project Managing For A PCI Audit

Brad Egeland

​ PCI DSS compliance is critical for any business that handles credit card processing. A project management approach is one of the best ways to help your company work through a PCI audit. But how can you implement project management during PCI compliance? This article will cover the benefits of using project management and provide specific steps for implementing this approach during PCI DSS. Why Use A Project Management Approach For PCI Compliance?

34 Top Project Management Software Tools For Every Need (2020)

Teamweek

With so many options, choosing the right project management software can be overwhleming. Best of all, you can filter through this list to find the perfect project management tool for your needs. Let’s get started: Find the right project management software for your needs.

2020 67

Decisions Without Estimates?

Herding Cats

Let's look at each of these from the point of view of Managerial Finance and Economics of Decision Making the presence of Uncertainty. These two points of view are the basis of any credible business management process. If you want to decide what's the probability of occurrence of some Epistemic uncertainty or the statistical processes for some aleatory activity you need to estimate. This process is the basis of all risk management.

Best project management software

Binfire

What is the best project management software for your team and your project? Is there a project management app that fits everybody’s requirements? The short answer is no, depending on industry, team size, project complexity, team’s experience and team size the requirements for project management software change. So how do you choose the best project management software for your team? Is it the first time we are using project management software?

Strategy Implementation Needs Great Portfolio Management

Strategy Execution | PMO Perspectives

In recent years, portfolio management has evolved from an administrative process, in which projects are selected and prioritised, to one of the key ways in which organisations can focus on strategy implementation. This is achieved, in the most part, through the enhancement of strategic dialogue amongst the management team and, most crucially, the alignment of projects around the most critical strategic initiatives. Effective Portfolio Management.

Principles of Cost and Schedule Estimating

Herding Cats

One of the 4 summary root causes of project performance failures is Unrealistic Cost and Schedule Estimates based on inadequate risk-adjusted growth models. One notion in a governance paradigm is It's Not Your Money . I'd like to provide some background on how proper governance leads to proper estimating and how that's done when those asking for and those providing the estimates have a mutual understanding the reasons for why estimates are needed for any non-trivial project work.

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. We were one of the first users of eXtreme Programming, long before Scrum was around and presented that early work in 2003, " Making Agile Development Work in a Government Contracting Environment, Measuring velocity with Earned Value." . Analytical Hierarchical Process . Some Model-Based Systems Engineering process.

A Cheat Sheet for Project Manager Knowledge Transfers

LiquidPlanner

Project turnover should be minimized, but project manager changes are a reality. I’ve seen project managers get promoted, moved to different projects, quit or simply be replaced. When I was a business analyst working on a strategic HR systems project, the director replaced the project manager three times! Project Document Management. Project Governance. Vendor Management. Project Governance. How is the project being managed?

2018 72

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. We were one of the first users of eXtreme Programming, long before Scrum was around and presented that early work in 2003, " Making Agile Development Work in a Government Contracting Environment, Measuring velocity with Earned Value." . And then some more resources for managing in the presence of complexity .

The Commercial Project Manager

Strategy Execution | PMO Perspectives

The client called the project manager to ask if the final performance test and approvals meeting could be moved to Friday, one day delay, ‘it would fit in really well because Sarah (Technical Manager) will be in the office’. No problem, agreed the Project Manager, looking forward to the final sign-off, invoice issue and associated $200,000 balance payment. [1]. Ensure that the role of commercial manager is properly represented in client-facing projects.

Holiday PPM Checklist

Keyedin

If you find yourself exploring Project Portfolio Management software and would rather cozy up by the fire, here is a handy checklist to simplify the process. Project Managers: When it comes to project managers, often simple is best.

2020 78

Black Swans

Herding Cats

This advocate continually confuses Macroeconomics of financial markets and sovereign finance with Microeconomics of software development. They are not the same, the processes of decision making are not the same. Here's a book review from 2008, about Black Swans and Fooled By Randomness in the context of managing software development in the presence of uncertainty. All is good so far until he mentions these concepts are applicable to the management of projects.

2002 32

The #NoEstimates Paradigm and Response

Herding Cats

When we hear a suggestion about a process that inverts the logic of normal business activities based on a governance framework - say Microeconomics of Software Development, we need to ask who benefits? Anyone in the finance department, paying his salary, paying the developers has a fiduciary need to know what something will cost when it is done. But that has nothing to do with the principles, practices, and processes of writing code using current languages and tools.

2016 49

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. We were on of the first users of eXtreme Programming, long before Scrum was around and presented that early work in 2003, " Making Agile Development Work in a Government Contracting Environment, Measuring velocity with Earned Value." . Uncertainty can never be managed with Estimates . Irreducible Schedule Risk.

4 Fallacious Reasons to Estimate and Why Those Are Fallacious

Herding Cats

This can cause a number of problems, including the fact that once developers realize they are being judged by their own estimates, they start to be very careful about the process of creating those same estimates, usually spending a lot of precious time completing an activity which doesn’t accrue additional value to the product that they are building. This is standard Product Management. Done by every Product Manager for every Product Company. IT Risk Management.

Becoming a Project Manager – A Complete Guide for 2018

Paymo App

Are you preparing to become a project manager but you don’t know where to start? We’ve put together an extensive guide for you to serve as a beginning point and reference for your future career as a project manager. You can now start being part of this line of work right away by reading the basics of each aspect of a project manager’s career growth. – the basic personality traits of a good manager. What does a project manager actually do? Manage clients.

2018 87