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 177

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.

2018 156

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.

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

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. Risk Management is how adults manage projects - Tim Lister. A longer bibliography of Risk Management on Agile Projects. .

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.

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 182

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.

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 210

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 259

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 231

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 198

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 204

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 222

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).

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 156

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 222

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 195

Looking to Improve Project Performance - Check Out these PM Tools and Services for Better Results

Brad Egeland

Try MindGenius for 14 days free Viewpath PROJECT SCHEDULING Organizations of all sizes are under intense pressure to improve the speed, accuracy, and agility of their project management and capacity planning processes, while also balancing the related risks and costs of these endeavors.

2018 156

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 155

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

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

Planview

The Treasury Department was determined to get control of the government investment portfolio – to monitor investments, understand what investment decisions were coming up, identify and manage risk, and balance the portfolio to make sure certain sectors weren’t missing out.

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 222

How to Thrive as an Accidental Project Manager [Video interview]

Girl's Guide to PM

And if you can’t answer that question because you don’t have the skill set, you need to go and knock on the finance folks’ door and say, “Look, this is the initiative, the change that’s being talked about.

2018 238

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 222

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 232

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 261

Biases in Project Management and How to Remove Them

Herding Cats

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. Managerial Finance - the branch of finance that concerns itself with the managerial significance of finance techniques.

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

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 222

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 222

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.

2014 170

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

This is called Risk Management and the processes of making decisions in the presence of uncertainty. I was thinking of my patients, and how the worst moment for them was when they discovered they were master of their own fate. It was not a matter of bad or good luck.

2001 43

How To Do An Effective Project Selection Process?

Project-Management.pm

It is responsible for analyzing timeline implementation, the return on investment (ROI), strategy, and business impact as well as raised finance for business drivers. The Need for Risk Assessment. Additionally, a risk assessment ins necessary for project selection since there’s a need to evaluate the possible risk of threats that may disrupt the project selection process.

What To Do When Your Team Doesn’t Believe The Project Schedule

Girl's Guide to PM

You’ve just got one day for budget approval,” said Claire from Finance. In turn, you may put more and more pressure on your team to speed up – risking cutting corners and delivering a low quality product that is not fit for purpose. This is an extract from Project Pain Reliever.

2016 306

10 Top Tips to Make You a Successful Contractor

Arras People

You want your rates to be commercially competitive, to encourage repeat business and entice new clients, but if you price yourself too low, you risk severely undervaluing your skills and experience.

2016 203

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. This process is the basis of all risk management. And Risk Management is How Adults Manage Projects - Tim Lister. IT Risk Management.