What Is Corporate Governance & How Can it Impact My Project?

ProjectManager.com

While making money is the overriding mandate of any for-profit enterprise, each individual organization is governed by its own set of standards and practices. Those standards and practices are called corporate governance, and they are going to influence your project.

The Three Things Every Project Manager Must Know about Project Governance

Ron Rosenhead

It covers the very important topic of project governance. Project Governance is often seen as getting in the Way. Good Governance Adds Value. But good governance is not about meddling. Project governance is an essential discipline. Good Governance Sets Direction.

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How to Build a Robust Project Risk Culture [8 Steps]

Online PM Courses

A robust risk culture goes beyond having a strong basic risk management process. Some of my readers may hope to influence the risk culture of their whole organization. For you, the right aspiration is to build a positive risk culture within your project.

Risk 135

Project Governance: Establishing an Effective Steering Committee

Strategy Execution | PMO Perspectives

Within the project management community, the concept of governance is seen as a fundamental project control, which is easy to grasp in principle. Getting the governance piece right requires insight and at times a few honest conversations about roles and responsibilities.

Governance and Estimating

Herding Cats

If your business is not subject to any external governance process, you’re free to spend your money as you please. Governance includes: Responsibility for a specific duty, task, or decision. Authority to influence behaviours. NoEstimates Governance

Learn How To Realize Positive Risk Response Strategies (Opportunities)

iZenBridge

And, sometimes cautious responses to project risks help in realizing opportunities. But, many of us believe that risks create an adverse impact on projects; it is not always true. Risk can be positive also. Now the question is – what is a positive risk?

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 42

Risk Management in Five Easy Pieces, with Apologies to Jack

Herding Cats

Managing Cost, Schedule, & Technical Performance Risk Is The Basis Of Good Project Management. Risk management is essential to the success of any significant project. These risks can be mitigated with a good risk management process. Risk management structure.

Risk 48

Are your project management success rates improving?

Ron Rosenhead

Risk management strategies. They use their position and authority to clear roadblocks, make quick and effective decisions, and influence executive leadership. project management governance governance project management project risks project sponsor

2017 141

Microeconomics and Risk Management in Decision Making for Software Development

Herding Cats

Research clearly shows the root causes of most software projects cost and schedule overruns and technical shortfalls comes from poor risk management. Now To Risk Management. Risk is the effect of uncertainty of objectives. occurrence, or recurrence of the cause of the risk.

2007 42

A Compendium of Works to Increase the Probability of Project Success

Herding Cats

Business, Technical, Systems, Risk, and Project Management. Project Governance. Agile Software Development for Government Software Intensive System of Systems (SISoS) , Boulder Agile Meetup, 27 July 2016. Risk Management. Handling Risk on High Technology Programs.

2003 59

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 203

How good is project sponsorship in your company?

Ron Rosenhead

No matter what risk scoring process you use I would say this is in the red zone. develop your influencing skills – sometime your sponsor simply has no interest or no time. Use your new found skills to try and influence them or….

2016 191

Compendium of Works to Increase Probability of Project Success

Herding Cats

Business, Technical, Systems, Risk, and Project Management Briefings and Presentations. Risk Management (#RM). Governance (#Governance). Business, Technical, Systems, Risk, and Project Management. Risk Management . What is Risk? Governance.

2003 45

Risk Management: PMP Study Guide (PMBOK 6th Edition)

ExamsPM

Project Risk Management includes all the processes involved in risk identification, regulation, and mitigation on a project. The objective is to increase the likelihood of positive risks (opportunities) and decrease the likelihood of negative risks (threats). Control Risk.

2017 46

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 there you go, some basic high level considerations for Status Reporting and Governance that we’ve used.

2017 250

So what’s in your company’s project management dictionary?

Kiron Bondale

Such definitions might constrain the degree of flexibility which a project team possesses but will support governance and oversight through increased consistency and predictability. Issue or risk severity and probability.

2016 193

Project Crisis… Are you Ready?

Online PM Courses

to… notice outside influences. Leading Indicators of Project Risk. Here is a table I compiled for my book Risk Happens! Leading Indicators of Project Risk. Schedule Risk - Minor milestones being missed. Budget Risk - Rate-of-spend variances against budget.

2018 102

Beginner’s Guide to Project Management Process

iZenBridge

Project Risk Management. High Level Risks. They may also exert influence over the project and its result. Plan Risk Management. A ‘RISK’ is an uncertain event or condition that if it occurs, has a positive or negative effect on a project’s objective.

RAID in Project Management

Girl's Guide to PM

There’s also a video interview with risk expert Keith Rickman – scroll down for that. In project management, RAID stands for: Risks. Risks: These are things that might affect your project if they happen. That means assumptions can also be risks!).

2018 371

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." . What is the Value at Risk for your Project?

How effective is your benefits management framework?

Kiron Bondale

Benefits management, like project risk management, is practiced poorly by most organizations. In such cases, governance committees should determine whether expected benefits should be measured at a higher level and the contribution of individual projects pro-rated in some manner.

2017 181

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." . Irreducible Schedule Risk. Irreducible Cost Risk.

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

Two Parallel Processes of Project Success - Both Value and Delivery are Needed

Herding Cats

Macroeconomics is the study of how people make decisions influenced by tax rates, interest rates, foreign policy, and trade policy. IT Risk Management. Herding Cats: Fixed Prince Removes Risk - Fallacy of the Week.

2018 51

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.

INVEST, Scrum and Enterprise IT

Herding Cats

Risk interaction within systems and subsystems, between functional and physical elements, can also be modeled with DSM. DSM models interacting risks in a graphical representation produce numerical simulations of the risk and impacts on the probability of program success.

SCRUM 40

What Should a New Project Manager Focus On?

Girl's Guide to PM

And this means three things to me: The Governance Hierarchy. So engage with them positively so you can learn from them, keep them informed and, when necessary, influence them gently. Projects are inherently uncertain, and uncertainty creates risk.

2016 421

INVEST, Scrum and Enterprise IT

Herding Cats

Risk interaction within systems and subsystems, between functional and physical elements, can also be modeled with DSM. DSM models interacting risks in a graphical representation produce numerical simulations of the risk and impacts on the probability of program success.

SCRUM 36

What is a Stakeholder in Project Management?

Planio

This could mean partners, users, competitors, or even government groups who will be impacted by what you’re doing. These are the people who will make or break your project—like the sponsor, funding groups, or government agencies. But ignoring them is a risk you can’t afford.

2018 295

Fallacy of the Day

Herding Cats

Assess design progress, Define compliance with performance requirements, Identify technical risk, Are limited to critical thresholds, Include projected performance. IT Risk Management. "On spec" is open loop control on value.

Concept of Operations

Herding Cats

Johns Hopkins University's Whiting School of Engineering provides an approach to making the decision about what's in the ConOps and its format based on some Systems Engineering analysis of criteria: Program risks - reducible and irreducible uncertainties that create these risks. Describe those aspects of the physical environment, safety, security, and privacy that exert influence on the operation or operational environment of the proposed system. IT Risk Management.

2014 34

Project Management Job Description

Girl's Guide to PM

To ensure that all project requirements and solutions comply with our organisation’s Information Governance processes and other policies. Leadership, motivational, negotiating and influencing skills in a matrix environment.

2020 230

Economics of Software Development

Herding Cats

Macroeconomics is the study of how people make decisions influenced by tax rates, interest rates foreign policy, and trade policy. Because of the limitations of resources, projects need to operate withing a world of limited resources, the uncertainties - both reducible and irreducible - that create risk, and the emerging attributes of all project work. Since uncertainty creates risk, managing in the presence of uncertainty is Risk Management.

Key Themes at IPM Day 2019

International Institute of Learning

For example, how do you manage risk on an agile project? Accordingly, organizations need to focus on developing competencies in such areas as empathy, influencing others and grit.

2019 56

Review: Portfolio Management – A practical guide

Henny Portman

Embeds portfolio governance into the organization’s controls and makes it robust. Provides the means to be consistent and fair across the portfolio, irrespective of the program or project sponsor’s influence.

Value, Cost and Business Decision Making

Herding Cats

The best choice depends on our type of business, what influences our customers to buy and the nature of our competition. IT Risk Management. NoEstimates Business Decision Making Estimating Fallacy of the Week Governance Logical Fallacy Management Planning Principles Product Management Project ManagementIn Software Value of something is totally unrelated to Cost. This is a popular fallacy in the #Noestimates advocates vocabulary.

What is VUCA?

Arras People

Low-uncertainty introduces the need for “plan-B” or risk management while uncertainty favours reactive responding. PRINCE2® gave us a framework within which to create governance over the use of the tool-kit. influence everyone into action. No it’s not Spock.

2017 212

Does your organization truly support project management?

Kiron Bondale

Establishing a PMO within a low maturity organization but not vesting it with the authority or sponsorship to influence behaviors and culture can be the kiss of death. Leaders spend significant effort ensuring that the structure and processes for project governance are efficient and effective.

2016 190

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.

2018 366