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. So, if you had to know just three things about project governance, what would they be? Good Governance Sets Direction. This is a governance role. Good Governance Makes Decisions. That is governance.

Risk Management Strategies for Financial Institutions

Brad Egeland

Risk Management Strategies Investments involve some amount of risk. Because of this, financial institutions such as banks and brokerage firms have used several strategies to manage risks. Because of this, it is greatly influenced by technology and evolution.

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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. But you’re not free to suggest your approach is applicable to those who are governed by external frameworks of spending and accountability for that spend, without a testable confirmation this idea doesn’t violate those governance principles. Governance includes: Responsibility for a specific duty, task, or decision. Authority to influence behaviours.

Learn How To Realize Positive Risk Response Strategies (Opportunities)

iZenBridge

The next question is what the positive risk response strategies are? These are strategies: To make it happen, or. These are Positive Risk Response Strategies. What are the strategies for dealing with positive risks? In this strategy, we make sure the opportunity happens.

A Compendium of Works to Increase the Probability of Project Success

Herding Cats

Project Governance. Agile Software Development for Government Software Intensive System of Systems (SISoS) , Boulder Agile Meetup, 27 July 2016. Balanced Scorecard IT Strategy and Project Management. Governance. Program Governance Roadmap. Principles of Program Governance. Strategy. Influences on IT Strategy: How IT Strategy Impacts the Development of Systems Based on COTS Products.

2008 45

Why You Should Align Strategy, Financials, and Execution

Planview

Now, let’s get into the first two process areas by examining why it is crucial for your organization to align strategy, financials, and execution. Forward-thinking organizations incorporate business processes for governance and decision-making, particularly regarding which investments should be made during the strategic planning process and ongoing checkpoints. Process Area 2: Aligning Strategy and Operations.

Are your project management success rates improving?

Ron Rosenhead

Risk management strategies. The best executive sponsors have detailed knowledge of a project and how it connects to business strategy. 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 109

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

Online PM Courses

Some of my readers may hope to influence the risk culture of their whole organization. And the process for creating a robust risk management culture within your project can apply equally if you get a chance to influence your wider organization. Your biggest wins will come from better governance, with little or no extra cost and time overhead. And what about governance? A robust risk culture goes beyond having a strong basic risk management process.

Risk 80

INVEST, Scrum and Enterprise IT

Herding Cats

The direction of influence from one element to another is captured by an arrow in place of a simple link. NoEstimates Decision Making Estimating Governance Management Planning Principles Product Management Project Management Requirements Strategy Systems Theory Technical Performance MeasuresThe term INVEST is an acronym for good User Stories. I ndependent (of all others). N egotiable (not a specific contract for features). V aluable (to the business or the project).

2018 31

INVEST, Scrum and Enterprise IT

Herding Cats

The direction of influence from one element to another is captured by an arrow in place of a simple link. NoEstimates Decision Making Estimating Governance Management Planning Principles Product Management Project Management Requirements Strategy Systems Theory Technical Performance MeasuresThe term INVEST is an acronym for good User Stories. I ndependent (of all others). N egotiable (not a specific contract for features). V aluable (to the business or the project).

2018 28

The Death of Project Management

Girl's Guide to PM

Leadership is that branch of management concerning the development, nurturing and utilization of influence as way of motivating others to some end or objective. Failure to execute strategy is seen as a project management issue. Bryan Barrow. This is a guest post by Bryan Barrow.

2020 375

What is Stakeholder-led Project Management?

Girl's Guide to PM

Develop strategies. In these projects, stakeholders are identified and communicated with in the ‘normal’ way, but their power and influence is relatively low. Worsley also excludes steering group members from ‘engagement’ saying that the governance process is enough for them.

2020 366

Which PMO Structure Is Best for Your Company?

Wrike

The PMO is to a project management team what the SEC is to Wall Street; it provides the framework and organizational standards for managing and executing the projects under its governance. . Each company’s culture influences its PMO structure and how it evolves.

PMO 36

The Stakeholder Salience Model and How to Use It

Girl's Guide to PM

This is a measure of how much influence they have over actions and outcomes. Larger projects are likely to have higher numbers of people with power involved because they tend to attract greater corporate governance and oversight – so the top management likes to know what is going on.

2021 370

7 Ways to Sell Agile to Project Stakeholders

LiquidPlanner

Align Agile project management with your organization’s strategy. Here’s a strategy to consider: Consider separating your CFO from the rest of the CxO herd, and focus on turning the CFO into your champion. Here are some tips to get the word out that the business influencers are going Agile: Send them links to articles and blog posts that mention your competitors’ move to Agile.

2018 603

Proceeding without contingency is irresponsible

Kiron Bondale

Is it sufficient to merely have the risks introduced by this action captured in a risk register, communicated to stakeholders and even signed off by the right governance bodies?

2021 279

How to Deal with Challenging Situations Involving Stakeholders

Girl's Guide to PM

These situations include: governance related issues (e.g. We found that the project environment plays a crucial role in creating challenging situations involving stakeholders for project managers and that project managers can often take active measures to influence and improve this.

2020 345

Project Management System: The Basics

Clarizen

The project team structure subsystem governs how project teams are organized into hierarchies. government agencies). The project planning subsystem governs all aspects of project planning across the portfolio. They are integrated and influence each other.

2020 124

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." . 1] "Systems Engineering Strategies for Uncertainty and Complexity," MITRE Corporation, Systems Engineering Guide. [2] The moment you have little-to-no repeatability experts are at best useless, adaptability is a better survival strategy.

2019 37

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." . Judgment from experience requires repeatability (experts work best in Complicated or Ordered cynefin domains) The moment you have little-to-no repeatability experts are at best useless, adaptability is a better survival strategy.

2019 34

Concept of Operations

Herding Cats

The CONOPS facilitates a shared understanding of ideas, challenges, and issues on the possible solution strategies to the problem at hand , without addressing the technical solution or implementation. The mechanism for users and buyer(s) to express thoughts and concerns on possible solution strategies. In other cases, there may be a variety of acceptable solution strategies. Agile Architecture Decision Making Governance Principles Project Management Systems Theory

2017 34

The Agile Transformation Coach: Understanding the Roles and Responsibilities

Leading Agile

The TL and EL are the ones who typically work closely with executives and delivery leadership to create, execute, and drive the Transformation strategy within the organization. This role is, in effect, a high-influence peer to the executives who act as a trusted advisor.

2021 99

Risk Management in Five Easy Pieces, with Apologies to Jack

Herding Cats

Hope is Not a Strategy. Although each uncertainty type is distinct, a single project may encounter some combination of four types: Variation – comes from many small influences and yields a range of values on a particular activity. Foreseen Uncertainty – are uncertainties identifiable and understood influences that the team cannot be sure will occur. The Plan for the project is the Strategy for its successful completion.

2017 37

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." . Plans are Strategies. Strategies are Hypotheses. It can be a complex as a scrum or scrums strategy map in SAFe 4.2 Plans are strategies. Strategies are hypotheses. Developing the estimate without contractor influence.

2018 33

The 12 Principles of Project Management

Girl's Guide to PM

As a PM, you might not have much influence over processes led by the PMO, but you can certainly input and offer feedback to try to shape how work gets done. A better approach is making sure that we don’t need rescuing because we’re doing proper risk management, governance and leadership.

2021 309

Customer Satisfaction is a Myth!

The IIL Blog

It read: “A SATISFIED CUSTOMER IS THE BEST BUSINESS STRATEGY OF ALL”. I thought about that for a second and thought, “Nope, that’s a terrible strategy”— one destined to leave a company eating the dust of its competitors as those competitors steal their customers because those customers expect more. It’s not a worthy strategy for project managers, either. Project Management customer experience project managers strategy Ward

2019 113

My designation is not Project Manager – AM I eligible for PMP® Certification?

iZenBridge

Practicing servant leadership, inspire, motivate, and influence stakeholders and team members. Build trust and influence through collaborating, mentoring, and engaging stakeholders to achieve project goals. Plan & manage suppliers/contracts, and procurement strategy.

2021 83

What is a Stakeholder in Project Management?

Planio

They direct the company’s strategy and also have a large interest in its outcome. This could mean partners, users, competitors, or even government groups who will be impacted by what you’re doing. While anyone who is impacted by the project is technically a stakeholder, key stakeholders are those who have influence and authority to dictate whether a project is a success is not. Stakeholder Buy-In and Strategy.

2018 252

How Leadership Affects Projects (And How You Can Lead Yours)

Girl's Guide to PM

Managing upwards to the sponsor, governance committee and client, as well as looking at the performance of the project team. Sarah Coleman is co-author of Project Leadership, a book in its third edition exploring how leadership and project management intertwine.

14 Common Project Risks (+ more)

Girl's Guide to PM

As such, you may have a bit more influence on these if appropriate actions are taken early. External risks can occur due to a variety of factors, often caused by influences more outside of our immediate control. Governance risk. Risks matter.

How To Take Over An Existing Project [Free Checklist]

Girl's Guide to PM

5: Review the governance structure. Is there a governance structure ? Action if there is no formal governance: My first point of call would be your project sponsor. For other areas of governance such as reporting and approval levels, talk to your PMO and get these in place.

2020 395

Stakeholder-led Project Management [Book Review]

Girl's Guide to PM

Develop strategies. In these projects, stakeholders are identified and communicated with in the ‘normal’ way, but their power and influence is relatively low. The final type of project at the other end of the continuum is where stakeholders have a lot of power and influence over the project. Worsley also excludes steering group members from ‘engagement’ saying that the governance process is enough for them.

2016 254

Being Successful in a Complex Role

Arras People

Significant political/authority influences. Dynamic (changing) project governance. Using VUCA to Guide Strategy and Planning. Project Teams and leaders need to accept that we live in a VUCA world rather than resist it so that the project strategies and plans include dealing with any rapid changes or challenges that may occur. So having strategies, tools, and techniques ready as a way of dealing with them is crucial if we are to minimise the impact on project outcomes.

2019 210

What is a Program Manager?

Girl's Guide to PM

They have agendas of their own and are connected to strategy in ways you might not realize. You’ve got to use business acumen and deal with the bigger picture on a much larger scale and the influences that puts on your stakeholder community. of cases deliver strategy.).

2020 279

The PMO is Dead… Long Live the PMO!

Arras People

Managers in the PMO become concerned about the quality and timeliness of the data, standards are defined, processes are introduced, and more activities are included in their sphere of influence. The Board no longer sees its strategy being enacted, the PMO is seen as an overhead, its value is lost, and its fate is sealed. In this guest post from Christopher Worsley at CITI he looks at one of my favourite subjects, the PMO.

PMO 180

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 280

What is VUCA?

Arras People

The responses are directly relevant to strategy, culture and leadership in all our organisations and businesses. PRINCE2® gave us a framework within which to create governance over the use of the tool-kit. Whether VUCA or SCSC we need: a vision translating mission, values and pressures into strategy and objectives, the support of functioning teams of capable individuals, the sponsorship of key stakeholders with resource allocation and decision making authority, the techniques to.

2017 150

Four Key Areas to Implement Agile PM

Keyedin

Agile Portfolio Management doesn’t just mean agile for projects and planning – it means having an agile resourcing strategy. An Agile resourcing strategy allows you to know what everyone is doing and what their capacity is and then do a quick allocation at a team level. However, in order to ensure the shift to Agile is beneficial, proper governance must be at play. Fortunately, this will be a much easier task with a PM tool and good governance.

2020 60

5 More Advanced Training Options for the PMO

Strategy Execution | PMO Perspectives

Think about it, an improvement is needed in, for example, in the risk management process or governance arrangements in large scale projects. Influence. Here’s a brilliant skill that anyone working in PMO – regardless of the level they’re working at – could benefit from – influencing. Strategy. Back in 2015, we took a look at the five advanced training options for people working in PMO.

PMO 51

I have my Scrum Master certification—now what?

Strategy Execution | PMO Perspectives

Agile is moving beyond technology and is now widely used in financial services, government, and professional services companies. This blog post is written by Strategy Execution Instructor Alan Zucker. The project management profession is in a state of dramatic change.