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.

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.

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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.

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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. The New Zealand Government Case Study.

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

Herding Cats

Calculating Value from Software Projects - Estimating is a Risk Reduction Process. Intellectual Honesty of Managing in the Presence of Uncertainty. The on-going discussions that Decisions can be made in the absence of estimates reminds me of this concept. .

Accountability on a Agile Software Development in the Presence of Governance

Herding Cats

Self-Organizing is a powerful process. So for projects that spend other people's money in the presence of uncertainty - Governance is a means to establish those shared principles. Governance is about Decision Rights. You don't need governance, a Product Roadmap, and Release Plan.

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. High-Level ERP / EAM Process & Policy Requirements. 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. They provide the mechanism for managing cash flow during the course of the project.

2018 64

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.

2018 274

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 Project should then be reporting its status regularly to senior management via a Status Report, as part of its overarching Governance arrangement.

2017 250

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.

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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. The Secure Funding Process Goal.

2019 306

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. Project sponsor: The person or group who is financing the project.

2018 295

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. 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. Because of that, we don't separate the thinking processes into a dual-system. A process based on tangible evidentiary materials. .

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.

2020 273

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. So, in this feature article, we’ll look at: What project cost management is.

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.

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.

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. Effective Portfolio Management.

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. This process is the basis of all risk management.

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. Project Document Management. Project Governance. Vendor Management. Project Governance.

2018 102

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 . Risk Management is how adults manage projects - Tim Lister.

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? So how do you choose the best project management software for your team? Do we have a favorite project management methodology?

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. The ±10% value has no context (as usual), but that range is certainly possible using the processes of probabilistic modeling of the project.

2019 48

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’. 2] Project Management Institute, Inc.

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.

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?

How To Take Over An Existing Project [Free Checklist]

Girl's Guide to PM

The previous project manager might have moved on to do something else and you’ve got the project as part of an internal reshuffle of resources. You won’t know if the risk log is sound and the resource planning sensible until you investigate. 5: Review the governance structure.

2020 351

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. The role of the Project Manager in each category is dramatically different.

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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. They don't care about cost, risk, schedule, the probability that they'll get what they paid you for. Irreducible Schedule Risk.

2018 42

4 Fallacious Reasons to Estimate and Why Those Are Fallacious

Herding Cats

Corrective Action/Preventative Action: Productivity in software development is simple to define and measure: One start is to use Earned Value Management, but we won't get there. This is standard Product Management. Done by every Product Manager for every Product Company.

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? Governance is about decision rights. Process improvement?

2016 64

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. – the basic personality traits of a good manager.

2018 113

An Introduction to Project Steering Groups

Girl's Guide to PM

You might use the term Project Board or Governance Committee, or something else that means a similar thing. Here’s an introduction to project steering groups as part of the governance framework so you can get yours set up and working on your project. The Governance Framework.

2018 229

The Origins of Scrum and Empirical Closed Loop Control

Herding Cats

Scrum is) more defined rather than empirical process. So when we hear anything about the current state of Agile or even that Scrum is NOT empirical and needs to be replaced, ask what new process is being suggested that will meet Dr. Carter's definition? IT Risk Management.

Using Digital Transformation to Be More Efficient

ProjectManager.com

Digital transformation can be something as narrow as deciding to go paperless, or as wide as impacting entire segments of society, such as governance, mass communications, art, medicine and science. But it also involves process, in that it encompasses workflows, tasks , approaches and methods.

2018 301

Customer Q&A - Office Depot

Keyedin

In a recent virtual event, Ruth Bedingfield, PMO Manager at Office Depot was asked questions from attendees about her experience using KeyedIn and specifically in their ability to apply agile principles at the portfolio level. Cost impacts managed to demonstrate real time savings.

2020 78

The Impact of Technology on Project Management: Pre-1950s to the Modern Age

Keyedin

Project management (PM) dates back as far as there has been a need to achieve things. Project management as we know it today began to reveal itself during the industrial revolution, when businesses and industries began to expand rapidly and automation was introduced into sectors.

The Impact of Technology on Project Management: Pre-1950s to the Modern Age

Keyedin

Project management (PM) dates back as far as there has been a need to achieve things. Project management as we know it today began to reveal itself during the industrial revolution, when businesses and industries began to expand rapidly and automation was introduced into sectors.

2019 78