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.

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. The highest risks?

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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.

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. Risks can then be more closely monitored by senior management and stakeholders trust the data. Growth is a good thing. Right?

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. Risks can then be more closely monitored by senior management and stakeholders trust the data. Growth is a good thing. Right?

Risk Management for Project Managers

Arras People

“Increasingly,” says Walaa Bakry, who runs Westminster Business School’s project management courses, “successful project management is becoming a synonym for successful risk management. Management of Risk was the next obvious area for us to expand into.”. programme risk.

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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. Governance includes: Responsibility for a specific duty, task, or decision. The governing of IT systems has two distinct components. NoEstimates Governance

Your Basic Guide to IT Project Governance Framework

Project-Management.pm

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. Project governance is crucial component of every project since the responsibilities that come with it are interconnected with different business cases, as well as the project’s overall success.

"Yes is where the risk is"

Musings on Project Management

General Michael Hayden, now retired, writes in his book* about his years as Director, NSA and Director, CIA that in government -- and likely all of elsewhere: "Yes is where the risk is". In fact, it seems that in government particularly that the "staffers" main job is to protect their "principals" by saying No. "No" leadership Quotations Risk Management

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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. Decision Making Deliverables Based Planning(r) Estimating Governance Management Performance-Based Project Management® Planning Product Management Project Management Requirements Root Cause Analysis

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

Project-Management.pm

It also means successfully identified the stakeholders and risks and the project are already in the plan, ready for implementation. The two governance processes should be implemented constantly to keep track of the scope creeps, risks , opportunities, and also safeguard the following resources from running out. To stay within deadline means having a governance process that everyone will adhere to.

Becoming An Effective Leader In Government & Beyond: An Interview With Steve Ressler, Founder of GovLoop

Project Management Hacks

Have you ever considered the public sector and government for your next career move? Governments face interesting problems and that means there are opportunities to deliver new projects. government to launching his own venture, GovLoop. not taking enough risk).

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. The New Zealand Government Case Study.

Accountability on a Agile Software Development in the Presence of Governance

Herding Cats

So for projects that spend other people's money in the presence of uncertainty - Governance is a means to establish those shared principles. Governance is about Decision Rights. You don't need governance, a Product Roadmap, and Release Plan.

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. Delivering Project Success via Good Governance. Governance is nothing more than how a project will be controlled to deliver intended outcomes.

Project managers, just say no!

Ron Rosenhead

Risk management – have a clear risk register that is scored with clear actions and responsibilities to manage each risk. project management governance project management project scope risk management saying no stakeholders

2017 273

Are your project management success rates improving?

Ron Rosenhead

Risk management strategies. project management governance governance project management project risks project sponsor

2017 198

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.

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Slapping projects on top of the day job – what’s your solution?

Ron Rosenhead

The group did highlight the possibility of increasing the risk profile for the project doing this. project management governance delegation project management project management priorities risk management

2017 256

So, you are about to start a project….?

Ron Rosenhead

Understanding the risks involved in the project. project management governance benefits management project management project manager project risks project sponsor project start upThe project started with a real bang.

2017 263

Securing The Houses of Parliament for Future Generations

Arras People

Project Management PM Governing Bodies / Organisations government projects project planThe Palace of Westminster is the meeting place of the two Houses of Parliament in the city of London and is one of the most iconic structures in the United Kingdom.

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Project Failure – Why it Happens

Online PM Courses

– 2 – Governance. Governance is hardly the most sexy of project management disciplines. Good governance is a cornerstone of project success, so poor governance inevitably leads to project failure. Lack of Governance Structure.

2018 190

We the jury, find the Project Sponsor guilty…………….

Ron Rosenhead

There was no on going risk assessment carried out for this project. project management governance project project management project management training risk assessmentThank you members of the jury for your time and consideration. It only remains for me to pass sentence.

2016 248

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.

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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.

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My first meeting with my project sponsor

Ron Rosenhead

However this needs to be couched in project management terms; the link with project risks or the budget seems small for the tight timetable or the skills you need are not available. project sponsorship project project management project management governance project risks

2016 223

Transport for London’s Signal Failure – £886m more than planned*

Ron Rosenhead

Public or in house training – the choice is yours Performance management report for project sponsors- must do… project management governance auditing projects project management risk management skills shortageHorrible headlines and a horrible situation.

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. project sponsors courses in project management project management project management governance project management training project risks project sponsor

2016 245

Collective belief and its possible impact on projects.

Ron Rosenhead

Project governance – many projects are risky. How effective was the initial risk assessment? Surely the overall governance processes should have kicked in and stopped the project? The project is going well. The prototype has been approved and will be ready in 2 weeks.

2016 251

Rogue Project Sponsor: What to Do when Sponsorship goes Bad

Online PM Courses

Fails to take risks seriously. But, alongside that option, set out the risks, so they can see what the consequences are of formally revising your objectives. The risks are too high, both in terms of: likelihood of failure. In All Cases, Look to Your Governance Structure.

2018 192

3 Questions That Must Be Asked at Every Project Management Meeting

Herding Cats

Of course, each of these questions and answers must be risk-adjusted since. Risk Management is Project Management for Adults - Tim Lister. These questions and the principles, processes, and practices to support them are Governance of the project.

The business case is implicit in what we do

Ron Rosenhead

It looks at the financial viability of the project as well as the risk. risk management – that the number of projects within the business was a risk. Not my words but the words of a client. She is a senior executive asking for some support.

2016 329

Impacts of traditional project funding models on agile delivery

Kiron Bondale

It can result in higher risk, premature financial commitments. Agile Project Portfolio Management agile project management Change management governance

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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 216

Quote of the Day

Herding Cats

NoEstimates Decision Making Estimating Governance IMP/IMS Management Mathematics Performance-Based Project Management® Planning Principles Quotes Risk Scheduling

Are regulatory projects a better fit for adaptive or deterministic delivery approaches?

Kiron Bondale

Risk exposure can be used as a criterion for prioritizing the backlog of regulatory requirements. With this approach, a regulatory business owner can feel confident that those requirements posing the highest risk exposure to the company get delivered first.

2018 156

Increasing the Probability of Project Success

Herding Cats

Capabilities Earned Value Estimating Governance Management Performance-Based Project Management® Principles Requirements Risk Root Cause Analysis Technical Performance MeasuresIncreasing the Probability of Project Success Simple in Theory, Complex in Practice.

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.

How to Talk About Estimates

Herding Cats

The best starting point for determining the NEEDED precision and accuracy is to determine the Value at Risk. . IT Risk Management. What is an estimate? An estimate as a noun is an approximate calculation or judgment of the value, number, quantity, or extent of something.

Avoiding project change analysis denial of service!

Kiron Bondale

While planning the project, establish a simple process for determining if a given change request will require a meaningful amount of effort prior to its review by governance bodies. Tagged: project decision making , Risk management , Stakeholder analysis.

2016 232

12 Project Management Rules You’d be Wise to Note

Online PM Courses

It is no coincidence that the developers of the UK Government’s Project Management methodology, PRINCE (now, PRINCE2 ), chose the acronym they did, for their new methodology. I once told the story of how my book on Risk Management , ‘ Risk Happens!

2018 114

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 195

Increasing the Probability of Program Success

Herding Cats

We're working on a White Paper for the Joint Space Cost Council which is an organization composed of government (NRO, NASA, USAF, and others) and industry representatives with an interest in space. Risk Management is How Adults Manage Projects. Risk-Adjusted Plans.