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

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?

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.

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.

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.

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.

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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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).

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.

2018 60

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.

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.

Risk 63

"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

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.

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.

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.

Building the "Perfect" Schedule

Herding Cats

Architecture Capabilities Decision Making Earned Value Estimating Governance IMP/IMS Management Planning Project Management Requirements Risk Root Cause Analysis Scheduling Systems Theory

Misunderstanding Making Decisions in the Presence of Uncertainty

Herding Cats

The risk is created when we have not accounted for this natural variances in our management plan for the project. Dealing with Aleatory (irreducible) uncertainty and the resulting risk requires we have margin. An aleatory risk is expressed as a relation to a value. Embrace Risk!

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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.

2018 55

Agile Project Management Methods

Herding Cats

Agile Books Capabilities Decision Making Deliverables Based Planning(r) Economics ERP Estimating Governance Management Performance-Based Project Management® Planning Principles Project Management Requirements Risk Systems Theory

Agile 76

GAO Cost Estimating and Assessment Guide Applied to Agile

Herding Cats

Uncertainty creates risk. Risk Management is how Adults Manage Projects - Tim Lister. Conduct Schedule Risk Analysis. Uncertanty creates Risk. Agile is a participant in Risk Management, but Agile is NOT Risk Management. .

From Mission Capabilities to Done

Herding Cats

The TPM assess design progress, define compliance to performance requirements, identify technical risk, are limited to critical thresholds, and include projected performance goals.

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 194

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 164

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

Cone of Uncertainty

Herding Cats

Aleatory and Epistemic uncertainties, which create risk to the success of the project. Since all project work contains uncertainty, reducing this uncertainty - which reduces risk - is the role of the project team. Estimating Governance Management Planning Risk Root Cause Analysis

What Is Management in the Context of Agile

Herding Cats

One view of management in Agile can be informed by Governance of the work efforts. Here's a version of Governance, from " Agile Governance Theory: conceptual development ,” Alexandre J. Risk Management is How Adults Manage Projects. IT Risk Management.

Agile 79

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 70

Value First, Requires Margin and Contingency

Herding Cats

In both cases, these create a risk to the success of the project. These risks - aleatory and epistemic - must be handled in some way if they are to not have an undesirable impact on the outcome of the project. IT Risk Management.

2018 75

Are your project management success rates improving?

Ron Rosenhead

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

PMI 53

Cone of Uncertainty - Part Cinq

Herding Cats

Aleatory and Epistemic uncertainties, which create the risk to the success of the project. Other uncertainties that create risk include: Unrealistic performance expectation with missing Measures of Effectiveness and Measures of Performance. This is the basis of a risk tolerant plan.

2005 65

Project Crisis… Are you Ready?

Online PM Courses

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. Performance Risk - Staff absence rates.

2018 63

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.

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

Herding Cats

Projects operate in a world of limited resources, and their uncertainties - both reducible and irreducible - that create risk, and the emerging attributes of all project work. IT Risk Management. Herding Cats: Fixed Prince Removes Risk - Fallacy of the Week.

2018 72

Cone of Uncertainty - Part Deux

Herding Cats

Aleatory and Epistemic uncertainties, which create risk to the success of the project. Since all project work contains uncertainty, reducing this uncertainty - which reduces risk - is the role of the project team and their management. Risk Management is How Adults Manage Projects.

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

Online PM Courses

It is an important part of project governance that looks both backwards and forwards. The risks and benefits associated with moving to the next stage. Let’s set aside the very important governance imperative.

2018 65

Cone of Uncertainty - Part Cinq (Updated)

Herding Cats

Aleatory and Epistemic uncertainties, which create the risk to the success of the project. Other uncertainties that create risk include: Unrealistic performance expectation with missing Measures of Effectiveness and Measures of Performance.

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.

Behavioural Economics, Estimating, and Decision Making in Presence of Uncertainty

Herding Cats

Both uncertainties create the risk to the success of any project endeavor. Reduction or Mitigation of the risks generated by these uncertainties is the role of risk management. Risk Management is How Adults Manage Projects - Tim Lister. IT Risk Management.

Cone of Uncertainty - Part Trois

Herding Cats

Aleatory and Epistemic uncertainties, which create the risk to the success of the project. Other uncertainties that create risk include: Unrealistic performance expectation with missing Measures of Effectiveness and Measures of Performance. This is the basis of a risk tolerant plan.

2005 52