Remove Finance Remove Governance Remove Process Remove Risk

Digital Transformation in Government Organizations: Tips from Microsoft, IBM, McKinsey, and PwC

Epicflow Blog

Though government organizations are not facing a threat of rivalry, one of the biggest challenges is meeting citizens’ requirements and bringing better results with smaller expenses and amount of time. So, let’s see the way top companies consider this process.

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. Risk Management Papers. “A

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

Herding Cats

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

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.

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.

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. The result is the basis of an immutable business decision making process.

2018 64

Project Status Reporting – 6 Key Considerations

Project Health Check

The Project should then be reporting its status regularly to senior management via a Status Report, as part of its overarching Governance arrangement. So far so good; but when an organisation is orchestrating its status reporting process, what does it need to consider?

2017 250

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. Risk Management has 6 processes, see SEI Continuous Risk Management.

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 321

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

Arras People

The common narrative is that overlapping systems and processes produce similar versions of the same report with different results. High-Level ERP / EAM Process & Policy Requirements. Detailed ERP Process Requirements / Ways of Working. Risk management.

Fallacy of the Week

Herding Cats

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. Or there may be a low technical risk but will require longer and be more expensive. IT Risk Management.

Biases in Project Management and How to Remove Them

Herding Cats

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.

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.

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.

DDSTOP The Saga Continues

Herding Cats

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 .

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 254

DDSTOP The Saga Continues

Herding Cats

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." . link] Capers Jones Cost Estimating tools and processes.

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

DDSTOP The Saga Continues

Herding Cats

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." . Irreducible Schedule Risk. Irreducible Cost Risk.

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. Acquiring Data Retires Risk.

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Program Manager Job Description – Plus! Cut & Paste Example

ProjectManager.com

Getting certified shows that they have proven their ability to manage many projects and can work on complicated processes that cross various functions, organizations, regions and even cultures. They might do this themselves or contract specialists to facilitate the communications process.

2018 290

4 Fallacious Reasons to Estimate and Why Those Are Fallacious

Herding Cats

Similarly, product lifecycle management (PLM) integrates people, data, processes and business systems. The audit, surveillance, performance reporting, measurement are at the core of all business processes. First - backlog prioritization is essentially a sorting process.

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.

Biases in Project Management and How to Remove Them

Herding Cats

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. Optimism bias - a cognitive bias that causes a person to believe that they are at a lesser risk of experiencing a negative event compared to others. Because of that, we don't separate the thinking processes into a dual-system.

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. The Portfolio Manager may also establish portfolio governance standards and procedures for approvals, reporting and other needs. You’d establish processes and procedures that your team would follow.

2017 258

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. These behaviors are by their nature intractable to standard project management processes. Acquiring Data Retires Risk. One role of the project manager is to reduce or retire risk. This supposes a risk management system of course.

2002 28

Value, Cost and Business Decision Making

Herding Cats

The decision process here usually starts with some target margin compared to the industry in general and the local conditions supported by the margin. So another conjecture heard from #Noestimates advocates of Focus on Value not on Cost must be assessed from the Managerial Finance point of view, informed by the market dynamics of the offering. This is an immutable principle of business managerial finance, and it must be followed if we have any hope of staying in business.

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 313

Project Cost Management – The Essential Things to Know and Do

Online PM Courses

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. Your ‘Project Cost Management Plan’ Establishing your costs – the processes of estimating and budgeting.

Value, Cost and Business Decision Making

Herding Cats

The decision process here usually starts with some target margin compared to the industry in general and the local conditions supported by the margin. So another conjecture heard from #Noestimates advocates of Focus on Value not on Cost must be assessed from the Managerial Finance point of view, informed by the market dynamics of the offering. This is an immutable principle of business managerial finance, and it must be followed if we have any hope of staying in business.

Preventing Kickbacks to Those with the Power to Purchase

Project Risk Coach

He is the author of The Little Book of Local Government Fraud Prevention and Preparation of Financial Statements & Compilation Engagements. Last week, Harry and I were running, and he told me about his procurement risk blog series. Given this risk, what can be done?

2017 261

Digital Transformation & Artificial Intelligence: Is your Organization ready?

Digite

This allows the processing of large datasets quickly and cost-effectively. The more information is available for processing, the more the AI systems can learn and the more accurate their predictions and decisions will be.

2018 146

What is a Stakeholder in Project Management?

Planio

A 3-part stakeholder management process for keeping everyone happy. Create and enforce transparent processes for communication. Project sponsor: The person or group who is financing the project. A 3-part stakeholder management process for keeping everyone happy.

2018 295

A Cheat Sheet for Project Manager Knowledge Transfers

LiquidPlanner

Project Governance. Project Governance. This checklist item includes reviewing the communication plan but it also includes all the governance processes to ensure the project is executing correctly. Related: Project Governance for Distributed Teams.

2018 106

Add to the C-Level

The Lazy Project Manager

Managing the overall portfolio risk to the organisation. They experience the company as broadly as possible with experiences in finance and in sales and in marketing and in manufacturing and even sometimes in services perhaps.

2017 158

Project Managing For A PCI Audit

Brad Egeland

​ PCI DSS compliance is critical for any business that handles credit card processing. These same principles are what will help you ensure that payment information is processed in a safe, efficient, and compliant manner. With a credible model for compliance, you can increase customer confidence and assure governing bodies that your systems are robust enough to avert data security threats. Reduce Data Risks PCI compliance doesn’t come without risk.

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. Portfolio Management and Risk Management.

How To Take Over An Existing Project [Free Checklist]

Girl's Guide to PM

You won’t know if the risk log is sound and the resource planning sensible until you investigate. Check #5: Governance. Is there a governance structure? For other areas of governance such as reporting and approval levels, talk to your PMO and get these in place.

2016 301

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

Keyedin

Although the process of completing a task hasn’t always been referred to as PM, and for the most part was merely regarded as a group of activities that needed to be completed, the foundations were still the same; work that was constrained by time, resources and finances.