IT Governance: Definitions, Frameworks and Planning

ProjectManager.com

IT governance ensures that IT departments are prepared for what’s next, without losing focus on what matters. What is IT Governance? If you ask the business world, IT governance is all about managing performance for efficiency. Oversee the performance of IT managers.

10 Steps to Successful Process Governance

MavenLink

Ensuring that all team members meet these standards can be difficult, but enforcing process consistency can make a huge difference. Governance is made possible by implementing standardized practices, processes, and rules across the entire business. Start Improving Your Processes.

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The Importance of Data Governance for Business

ProjectManager.com

Much as a librarian is responsible for organizing a large collection of books, organizations must have a set protocol for managing the information they collect when doing business. The process of maintaining the integrity of your data, protecting it and making it available as needed, requires a plan of action. That plan is called data governance. What Is Data Governance? Data Governance Goals. Good data governance will help with decision-making.

The Risk Management Plan

Project Risk Coach

Most of your project problems can be avoided or greatly reduced through risk management. The simple act of identifying and discussing risks goes a long way towards reducing problems in your project. Let’s look at how to start the risk management process. How will you identify risks? How often will you perform risk management activities? Who will own the project risks. If not, check with other project managers.

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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. While managing a project it is easy to become myopic and focus solely on success as measured by the project. All these factors are counted and calculated into corporate governance.

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. Too many project managers see the role of Project Sponsor, or their Project Board as somehow getting in the way of progress. Good Governance Adds Value. But good governance is not about meddling. And if you see it that way, you risk setting yourself, and your project, above the organization that is paying for it. This is a governance role.

The Road to Effective Project Management Governance

Project-Management.pm

What really is project management governance? With countless articles and books in the business spectrum conveying such practice, project management governance is in the sense, subjective. There’s no correct description of it and it’s safe to say that individuals or groups who employ and encounter project management governance have developed their own understanding of it. Governance and Decisions. To be more precise, project management governance.

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. As a Project Manager, that’s entirely within your scope. What is Risk Culture? How to Build a Robust Project Risk Culture. What are the Benefits of a Robust Risk Culture?

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Review Agile Governance and Audit

Henny Portman

Christopher Wright wrote the book Agile Governance and Audit – An overview for auditors and agile teams. Agile Governance and Audit gives a short introduction to agile, compares agile with waterfall and looks at audit and agile cultures. The author follows a project life cycle from idea towards a usable product including governance and control. Conclusion: This easy to read book focusses on projects with an agile delivery team using Scrum, Unified Process or XP.

Everything You Need to Know About Project Management Governance

ProProfs Project Management

One of the major reasons is the lack of project management governance. . This is precisely where project governance comes to the picture. . Meaning & Definition of Governance. The Association of Project Management defines governance as: Governance refers to the set of policies, regulations, functions, processes, procedures, and responsibilities that define the establishment, management, and control of projects, programs, and portfolios.

Kingspan Insulation Enables Growth with Successful Product Portfolio Governance

Arras People

If your organisation does not have effective product portfolio governance, growth can quickly become overwhelming and lead you into making inaccurate decisions. Kingspan Insulation knows this struggle all too well, but they conquered the challenge by adopting efficient product portfolio management. Risks can then be more closely monitored by senior management and stakeholders trust the data. How are you managing and adapting your NPD processes?

Your Basic Guide to IT Project Governance Framework

Project-Management.pm

The process won’t even work unless there is manpower involved, as well as methodologies and standards implemented for projects to be delivered successfully. IT project governance framework has since been the answer to this equation, but people seemed not to fully grasp its function. This article tackles the importance and significance of IT Project Governance Framework and its impact on the projects in the organization. This is one of the purposes of project governance.

Kingspan Insulation Enables Growth with Successful Product Portfolio Governance

Arras People

If your organisation does not have effective product portfolio governance, growth can quickly become overwhelming and lead you into making inaccurate decisions. Kingspan Insulation knows this struggle all too well, but they conquered the challenge by adopting efficient product portfolio management. Risks can then be more closely monitored by senior management and stakeholders trust the data. How are you managing and adapting your NPD processes?

How to Develop a Strong Governance Process with These 6 Tips ?

Project-Management.pm

Projects involved a lot of planning , implementation , and not to mention tracking or detecting issues and problems within the team or the project, and surpassing the following process. It also means successfully identified the stakeholders and risks and the project are already in the plan, ready for implementation. To stay within deadline means having a governance process that everyone will adhere to. This part must be decided by you and your senior managers.

Why the Stage Gate Process will Make You a Better Project Manager

Online PM Courses

The Stage Gate Process gets too little love from Project Managers. Yet it has the potential to transform your project management, deliver more successful projects, and make you a better project manager. In a Stage Gate process, you break your project into stages, or phases. In this article, we look at why a stage gate process will enhance your project management, and how to make it work. What is a Stage Gate Process?

5 Governance Steps for Distributed Project Team Management

LiquidPlanner

Managing a distributed project team takes real skill and a definite commitment to putting a governance structure in place that enables success. This is a cardinal rule that I learned firsthand nearly two decades ago managing project teams in Korea, and it stuck with me through my career in the military. Delivering Project Success via Good Governance. Governance is nothing more than how a project will be controlled to deliver intended outcomes.

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. If those conversations aren’t happen ing, the project may end up with an ineffective escalation and decision-making process. Creating a smooth escalation and governance process.

Risk Assessment for Information Security

Brad Egeland

Risk assessment methods and programs should be key components of your security plan, as they guide your team in establishing a strong framework for compliance. In addition, effective risk assessment methods allow your business to be better prepared for emergent risks and changes to compliance regulations. Risk Assessment Technique Terminology The first set of terms that your information security team should be aware of is terms related to specific techniques.

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. NoEstimates Governance

Vendor Showcase Recap: Triskell Software for Enterprise Governance

MPUG

Please find below a transcription of the audio portion of Rich Murphy’s showcase session, Triskell Software for Enterprise Governance, being provided by MPUG for the convenience of our members. Kyle: Hello everyone, and welcome to today’s MPUG vendor showcase session, Triskell Software for Enterprise Governance. Rich has more than 35 years of experience in the project management field. And it also handles product management.

Vendor Showcase Recap: Triskell Software for Enterprise Governance

MPUG

Please find below a transcription of the audio portion of Rich Murphy’s showcase session, Triskell Software for Enterprise Governance, being provided by MPUG for the convenience of our members. Kyle: Hello everyone, and welcome to today’s MPUG vendor showcase session, Triskell Software for Enterprise Governance. Rich has more than 35 years of experience in the project management field. And it also handles product management.

Big Data and Risk Management

Brad Egeland

Furthermore, big data is an essential and powerful risk management tool. These interactions offer an excellent opportunity to obtain organizational risk insight, which facilitates the reduction and assessment of threats. Once your business uses big data in managing risk, you will get a comprehensive overview that assists you in structuring your financial revenue streams. Risk is virtually part of every company’s decision.

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System of Delivery: An Intro to Our Governance Model

Leading Agile

Our governance model and team design may look a little complicated at first glance. In this presentation, our Chief Methodologist, Dennis Stevens will remove the noise and walk you through our governance model and team design to help you better understand the LeadingAgile system of delivery. When you first look at our governance model or some of our team designs, it might look complicated, it might look really busy. The first one is the one around risk, around scope rather.

Software Development Process: How to Pick The Process That’s Right For You

Planio

Every great piece of software starts with a plan and a clear process in place. Luckily, there are numerous software development processes you can choose from when you’re starting your next project. But which software development process is right for you? In this guide, we’ll go over the basics of your software development lifecycle, why it’s so important to understand, and then cover the pros and cons of the five best software development processes. Risk Assessment.

Project managers, just say no!

Ron Rosenhead

But use what is in project management system and your people skills. Over the last 18 months I have seen more and more pressure placed on project managers. There is a huge demand from senior managers and stakeholder and clients to deliver quicker, with the same level of quality and of course, on budget! I have seen some pretty stressed project managers and they have expressed it to me in many ways; some direct others not so. Is there anything a project manager can do?

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The Fundamental Goals of Risk Management

Brad Egeland

This boiled down to one single problem, their lack of a well-defined risk management program. If they did account for all the risks that their business faced they would have discovered that the growth of the digital camera industry posed a threat to their existence. This is why every business needs a risk management strategy in place, but not just any strategy. Once you identify the risks that you face, the next step is to analyze them.

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The Ultimate Quick Guide To Building a Risk Management Plan

ProProfs Project Management

Even if you meticulously account for every penny in your project, risks will present themselves, and you will feel like your project is having the rug pulled out from under it. But with this guide to risk management, we can help you prepare for it. . Identifying Your Risks.

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Staying Ahead of Business Risks

Brad Egeland

While the company has managed to remain afloat despite the reputational and financial loss brought about by the breach, it would be tough for small business to rise from such a monumental blow. Sadly, such risks are the norm in the modern-day business world. Since risk is ever dynamic, with new dangers arising each day, it only makes sense to try and be steps ahead of these threats. The trick is to build a culture of risk management in your organization.

Signs that Your Project Management Process Needs an Update

EasyProjects

Whatever the case, here are five signals from the universe that indicate your project management process is due for a refresh. Process vs Methodology. Let’s first clarify what is meant by the word ‘process’ and how it is not to be confused with the term ‘methodology’. A process is simply a set of well-defined steps one would take to complete a task. An example of a process would be the steps you take to process payments from your clients.

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. Effective Risk Management 2 nd Edition , Edmund Conrow, AIAA, 2003. Risk Management is Project Management for Adults - Tim Lister. Risk Management Papers. “A

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The Magic 7 Project Portfolio Management Process Steps

Project-Management.pm

Countless business articles have provided you viable information regarding project portfolio management , accompanied by its objective, the roles of the portfolio manager, and the benefits of the project portfolio management as a whole. But how does one exactly execute project portfolio management? Implementing project portfolio management takes more than just assessment, evaluation, and tracking. Project Portfolio Management Process Steps : #5 – Balance is Key.

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Managing in the Presence of Risk

Herding Cats

Information technology project risk often comes from non-technical aspects of the initiative. Assessing the impact of technology on people, management systems and other initiatives is essential to assure project success. "We Is this effort in search of a clear project leader/manager?

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4 Signs Your Project Intake Process Is Outdated

Wrike

Does this sound like your current work project intake process? Managing incoming work requests aren’t black and white. Here are 4 signs your project intake process is outdated and some simple steps to build a well-defined project intake process that’ll take your team into the future. Lax communication might work well for smaller teams, but as business scales, you need a project intake request process that helps you manage both your current and incoming work properly.

Beginner’s Guide to Project Management Process

iZenBridge

For Beginners, it is important to understand essential elements of Project Management. Who is the Project Manager? A project Manager should own the following skills to succeed: Technical Skills (Knowledge of Subject matter, need not be an expert). Project Management Process Skill (Tools and Techniques). What is Project Management? Project Management Process in divided into 5 Process Groups. These Process Groups are: Initiating.

All Project Data is at Risk

Brad Egeland

Someone else is taking care of it and, as project managers, we don’t need to worry about it on our individual projects…correct? Well, I did to some degree, mostly because I was working on a government contract with sensitive student financial aid information, but I already had top level government security clearance and I’d already been cleared by the FBI who had contacted just about everyone I knew right up to my grandma.

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 Management is essential for development and production programs. Effective Risk Management 2nd Edition, Edmund Conrow, AIAA, 2003. Risk a Feelings,” George F.

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Do NOT Resolve Project Risks for Good Career Growth

MPUG

Having been a project manager for all of my working life and now a teacher of project management skills for more than a decade, I always tell my students to follow sound project management principles and to manage risks proactively. Proactive project risk management is integral part of project management. In fact, I think good risk management is half of project management. What is Proactive Project Risk Management?

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. The emerging risks that can be identified early in the project that impact the project later are often termed “known unknowns.” These risks can be mitigated with a good risk management process. Hope must be replaced with a risk tolerant plan.

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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. New Zealand Government, like many other government agencies, was tasked with overcoming these obstacles to develop and manage project and investment portfolios to grow the economy to deliver greater prosperity, security, and opportunities for all citizens.

What is a Program Manager?

Girl's Guide to PM

First we should start with a definition of program management. Each of these are projects with a project manager, but together they deliver a transformative change for the business. What is Program Management? Read next: Project Management versus Program Management.

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