Six Steps of Risk Management

Herding Cats

Risk Management has six steps: Planning risk management - decides how to approach and plan the risk management activities for the project. Identifying the Risks - determines with risk are likely to affect the project and documenting the characteristics of each.

Risk 60

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 a Value at Risk thing in my opinion. . IT Risk Management. 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.

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. .

Tips for taking over an active project

Kiron Bondale

Make sure you take the time to understand what they expect from you from both a communications and expectation management perspective, but also gauge their willingness to support you when decisions, issues or risks have been escalated to their attention.

2017 181

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. As well this uncertainty creates a risk to the success of the project.

Quote of the Day

Herding Cats

There are mysteries to managing in the presence of uncertainty for those who understand the principles of Risk Management of cost, schedule, and technical performance and know how to apply them using Managerial Finance, Microeconomics of Software Development, and Probabilities Decision making.

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.

Making Decisions in the Presence of Uncertainty

Herding Cats

More can be found on this in Both Aleatory and Epistemic Uncertainty Create Risk. . NoEstimates Decision Making Estimating Management RiskAll project work is uncertain. This uncertainty comes in two forms - Aleatory and Epistemic.

2013 51

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.

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.

The Online Entrepreneur’s Guide to Payment Processors

ProjectManager.com

You might also be interested in specific services, such as credit financing, reward programs, coupon codes, and other concepts you may introduce to your customers down the line.

2018 174

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.

Agile 196

Free project management certifications

Moira Alexander

Project Risk Assessment - a self-paced course on how to conduct risk analysis of different projects using both conceptual and practical developments in modern finance. Business Management - covers how to master the essentials of managing a successful business including accounting, finance, marketing, operations, people management, and strategy.

HMRC to Clamp Down on Freelance “Non-Repayable Loans!”

Arras People

Under the Finance (No. They took a risk, believing that there really is such a thing as a “non-repayable loan?”

2019 203

Project Management Processes & Phases

ProjectManager.com

The project plan will include what resources are needed, financing and materials. Risk: Determine what risks are likely, how they’ll impact the project and then plan how to resolve them. Risk: Note changes in risk throughout the project and respond accordingly.

Challenging Change

The Lazy Project Manager

You can read more about this at SME www.smeweb.com/sme/how-mismanaging-change-is-the-biggest-risk-of-all – where Peter describes the four-year study by LeadershipIQ.com which found that the number one reason CEO’s got fired was ….

2017 256

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 258

Improving portfolio management must be part of an agile transformation

Kiron Bondale

There is a greater likelihood of having too many active projects which increases the risk of resource shortages. When we think of an agile transformation, improving portfolio management might not be high on the organization’s list of priorities.

Agile 177

Project Status Reporting – 6 Key Considerations

Project Health Check

Reporting progress against these, or any risk to them, helps to give an appropriate view on progress without worrying about minor variations against individual tasks. We’ve said it before and we’ll say it again, Project Managers (PMs) live and die by the Plan.

2017 216

Program Manager Job Description – Plus! Cut & Paste Example

ProjectManager.com

Finances: It is essential that a program manager has the ability to manage finances and administer budgets over many projects. Manage change, risk and resources.

2018 208

Six Sigma: A Simple Guide for Project Managers

ProjectManager.com

Test those solutions, and figure out what risks are inherent. Since then, Lean Six Sigma has been used in a variety of economic sectors, such as healthcare, finance and supply chain. It’s been around for three decades, but Six Sigma can still be somewhat of an enigma.

2018 339

The ESP connection

The Lazy Project Manager

Owned by Director & CEO Alex Marson, the organisation works with large FTSE 250 clients including some of the biggest companies in the world in the Asset Management, Professional Services, Software, Automotive, Finance and Pharmaceutical industry.

2017 219

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 217

An Introduction to Project Steering Groups

Girl's Guide to PM

They let you know whether you can go overspent or what risk mitigation actions are the right ones for this point in the project. A finance or legal team member, if the project has significant impact in those areas. Risks and issues.

2018 220

The true value of change

The Lazy Project Manager

Owned by Director & CEO Alex Marson, the organisation works with large FTSE 250 clients including some of the biggest companies in the world in the Asset Management, Professional Services, Software, Automotive, Finance and Pharmaceutical industry.

2017 219

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 153

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 159

A View from the Top

The Lazy Project Manager

Owned by Director & CEO Alex Marson, the organisation works with large FTSE 250 clients including some of the biggest companies in the world in the Asset Management, Professional Services, Software, Automotive, Finance and Pharmaceutical industry.

2017 219

How to avoid a Project

The Lazy Project Manager

Owned by Director & CEO Alex Marson, the organisation works with large FTSE 250 clients including some of the biggest companies in the world in the Asset Management, Professional Services, Software, Automotive, Finance and Pharmaceutical industry.

2017 219

ABI Evaluation

The Lazy Project Manager

Owned by Director & CEO Alex Marson, the organisation works with large FTSE 250 clients including some of the biggest companies in the world in the Asset Management, Professional Services, Software, Automotive, Finance and Pharmaceutical industry.

2017 229

Debunking 4 Myths About Remote Project Management

Brad Egeland

Issues, risks, testing, requirements, sign offs, demos, and even training can all be done form afar – with good communication and collaboration and today's tools. Remote project management isn't for everyone.

2018 210

Preventing Kickbacks to Those with the Power to Purchase

Project Risk Coach

Last week, Harry and I were running, and he told me about his procurement risk blog series. Since I am a fraud prevention guy, we began discussing the risk of vendor kickbacks to those with the power to purchase. Given this risk, what can be done?

2017 265

Quote of the Day

Herding Cats

In order to avoid the causes of failure, we need to look into the future at the uncertainties that create risk, which when unmitigated, become sources of failure. The processes that deal with uncertainties, resulting risks is Risk Management. . These estimates of risk and its impact on the future can be informed by past performance (Reference Class Forecasting) or models of that future performance (Monte Carlo Simulation, Method of Moments, or Parametric modeling).

What are the Most Critical Project Management Skills?

MavenLink

Finance and Insurance. Because a project manager is expected to be able to think on his or her feet and rapidly adjust to potential risks, agility is a critical project management skill. Risk Management.

2027 55

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. Significant risks (like weather, events, political). But this approach is fraught with risks.

Professionalise Project Management

The Lazy Project Manager

Owned by Director & CEO Alex Marson, the organisation works with large FTSE 250 clients including some of the biggest companies in the world in the Asset Management, Professional Services, Software, Automotive, Finance and Pharmaceutical industry.

2017 219

Know the value of your change

The Lazy Project Manager

To me, these days anyway, for the executive team to be able to view their portfolio also by project sponsor and to see who of these ‘ultimately responsible’ people are performing (and who are not, thereby putting the business strategy at risk) should be a ‘no-brainer’.

2017 219

Some Really Big Reasons Why designers Need Project Management Tools

Proofhub

Truth is, no designer can afford to run the risk of mismanagement of web design projects. Budget Management There are many things to juggle for a designer, but finance should be the most important on the list.

Quote of the Day

Herding Cats

It is the lack of needed knowledge of the state of the system in the present or in the future that creates risk. [1], deterministic world, risk management is a critical success factor for increasing the probability of program success. [4] 4] Risk Never Occurs Without a Cause, that Cause is Uncertainty ? Risk is the Outcome of Uncertainty. This is an immutable principle of probabilistic decision making, microeconomics, and managerial finance. IT Risk Management.

2005 30

PMI Report: Project Management Job Growth and Talent Gap 2017-2027

Inloox

Vice versa, if organizations do not react quickly to ameliorate the shortage, they risk a GDP loss of US $208 billion. Finance and insurance: 4.6

PMI 156

Catsuits and Parachutes

The Lazy Project Manager

Owned by Director & CEO Alex Marson, the organisation works with large FTSE 250 clients including some of the biggest companies in the world in the Asset Management, Professional Services, Software, Automotive, Finance and Pharmaceutical industry.

2017 168

BEST TASK PLANNING SOFTWARE

TimeCamp

There are certain measures to be taken if a business is to be thriving and the risk of its failure mitigated. Others believe it to be finances. 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.

Quote of the Day

Herding Cats

It is the lack of needed knowledge of the state of the system in the present or in the future that creates risk. [1], deterministic world, risk management is a critical success factor for increasing the probability of program success. [4] 4] Risk Never Occurs Without a Cause, that Cause is Uncertainty ? Risk is the Outcome of Uncertainty. This is an immutable principle of probabilistic decision making, microeconomics, and managerial finance. IT Risk Management.

2005 28