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. Key Terms in IT Governance.

How to “Brexit Proof” Your Project Strategy

Arras People

The event’s title of “ How to ‘Brexit-Proof’ your Project Strategy before December 14th 2018 ” provided a clear picture of the key strategies you should employ in order to best prepare for Brexit.

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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.

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?

10 Steps to Successful Process Governance

MavenLink

Process governance is how a company consolidates and standardizes their management, tasks, and services to ensure that each project is executed properly and in accordance with what is expected by both managers and clients.

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.

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 first of which is to have a solid understanding of what project governance is.

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Digital Transformation in Government Organizations: Tips from Microsoft, IBM, McKinsey, and PwC

Epicflow Blog

Though government organizations are not facing a threat of rivalry, one of the biggest challenges is meeting citizens’ requirements and bringing better results with smaller expenses and amount of time. Microsoft’s Vision of Government’s Digital Transformation Journey . Strategy.

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

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.

Strategy Implementation Needs Great Portfolio Management

Strategy Execution | PMO Perspectives

In recent years, portfolio management has evolved from an administrative process, in which projects are selected and prioritised, to one of the key ways in which organisations can focus on strategy implementation. Portfolio Management and Risk Management.

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.

How to connect business strategy with project management

Moira Alexander

Think of the strategy and PM connection in construction terms, where the step of pouring footings and foundations needs to adequately support all other work that follows and ultimately the final structure -- in this analogy the final structure are the end goals. Suresh Srinivasan, CTO at NYU Langone Medical Center , tells CIO, within the NYU IT department there are two key components that link the business strategy and project management.

Staying Ahead of Business Risks

Brad Egeland

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.

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. What is Proactive Project Risk Management?

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. Risk Management Papers. “A

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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. The more far-reaching the strategy is, the better you can protect the future of your business.

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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

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

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). Strategy (#Strategy). Business, Technical, Systems, Risk, and Project Management. Risk Management .

2003 45

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.

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. Hope is Not a Strategy.

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Connecting Project Benefits to Business Strategy for Success

Herding Cats

The answer is they come from the Strategy of the IT function. Where is the strategy defined? What are the measures of the outcomes connected to each other and connected to the top level strategy to the strategic needs of the firm. NoEstimates Balanced Scorecard Strategy

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.

Project Failure – Why it Happens

Online PM Courses

Misalignment with Organization’s Goals, Objectives, Strategy. – 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.

2018 197

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. 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

Is Your Strategic Project at Risk Due to Poor Implementation of Proven Project Management Practices?

Strategy Execution | PMO Perspectives

Risk management, for instance, has little value if all we do is log the risks and assign ownership and mitigating actions, without subsequently following up and taking these risks into consideration when planning, estimating and executing the project.

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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.

2017 46

My first meeting with my project sponsor

Ron Rosenhead

Strategies for Project Sponsorship published by Management Concepts. 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.

2016 179

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 218

Managing Your First Strategic Initiative

Arras People

In addition, there are also governance functions—risk management, legal, etc.—that Project Management barvas strategic strategy

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. Would it be fair to say that the company is running with a wide range of projects and some of these do not fit with the overall strategy of the business? Not my words but the words of a client.

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Collective belief and its possible impact on projects.

Ron Rosenhead

But when really examined, no one has tested out whether the idea ‘will work’ or whether there is a fit with the overall company strategy. Project governance – many projects are risky. How effective was the initial risk assessment? The project is going well.

2016 193

Fallacy of the Week

Herding Cats

Five Different Decision-Making Strategies That Don't Need Estimates. A strategy is about turning intangible assets into tangible outcomes. Read Strategy Maps , Norton and Kaplan to see how this is done in practice. 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. IT Risk Management.

What's Missing from the Agile Software Development Paradigm

Herding Cats

TPM parameters that especially need to be tracked are the cost drivers on the program, those that lie on the critical path, and those that represent high technical risk items. Agile software development is framed by a manifesto , a set of 12 principles, several methods.

Increasing the Probability of Project Success

Herding Cats

Hope is not a Strategy. Capabilities Earned Value Estimating Governance Management Performance-Based Project Management® Principles Requirements Risk Root Cause Analysis Technical Performance Measures

2017 90

Cost and Value Management for Software Development

Herding Cats

Overlooking key project risks. As well this uncertainty creates a risk to the success of the project. And finally, Risk Management is how Adults Manage Projects - Tim Lister. There's a popular notion going around the agile community that says.

2018 64

The Project Revolution: How to Succeed in a Project Driven World

Strategy Execution | PMO Perspectives

And whilst the use of the word ‘project’ has only substantially been with us since the start of the last century, its occurrence in media now far exceeds that of the words ‘strategy’, ‘operations’ and ‘marketing’, terms more familiar to us in the course of ‘business-as-usual’ operations.

2019 65

Add to the C-Level

The Lazy Project Manager

Well it starts with strategy formulation which is no longer the annual exercise it used to be – nowadays it is an ongoing iterative activity. And since each strategy gives birth to one or more projects this adds to the portfolio constantly.

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