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.

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

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.

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.

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

Managing Your First Strategic Initiative

Arras People

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

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 MeasuresIncreasing the Probability of Project Success Simple in Theory, Complex in Practice.

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. Let’s set aside the very important governance imperative. But what if governance were unimportant to you… or your organization?

2018 65

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

PMI 53

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. Surely the overall governance processes should have kicked in and stopped the project?

2016 69

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.

2014 41

Project sponsors; it’s time to give up your day job!

Ron Rosenhead

They often get too involved in low level business as usual and lose focus of the main objectives of the project and the link back to the business strategy.”. project management governance performance management project management project sponsor strategic direction

The business case is implicit in what we do

Ron Rosenhead

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? project management governance project management project management training project sponsor training sponsor training too many projects

2016 89

GAO Cost Estimating and Assessment Guide Applied to Agile

Herding Cats

These capabilities are connected to the business strategy. They implement that strategy. The order of the needed Capabilties in defined in the business strategy. . The GAO Cost Estimating and Assessment Guide has 12 steps.

Where is the Adult Supervision on this Program?

Herding Cats

But today I sat through an out brief from a government auditing agency on a $10B program and one of my colleagues made this statement. Architecture Estimating StrategyMost programs I work are in trouble in some form - other wise they would not have hired us to help. . One quote we use to describe these situations is. What's the difference between this program and the Boy Scouts? The Boy Scouts have adult supervision.

Five Immutable Principles of Project Success

Herding Cats

Plans are strategies for success. Strategies are hypotheses. Capabilities Earned Value Estimating Governance IMP/IMS Management Performance-Based Project Management® Planning Principles Project Management Requirements Root Cause Analysis Scheduling Technical Performance Measures

The PMO is Dead… Long Live the PMO!

Arras People

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.

2018 195

Decisions Without Estimates?

Herding Cats

Strategic Items First - strategies are hypotheses. Those uncertainties impact the validation of the Strategy. How can you assess the strategy without making estimates of the impact of the outcome of the hypothesis? There is a posted question at an agile conference.

How are projects approved in your company?

Ron Rosenhead

not all of the project link to the overall company strategy ( PMI have reported that effective strategy implementation is directly linked to an organisation’s capability to deliver successful projects and programs – see latest report.

Who should attend project management training?

Ron Rosenhead

If there is no link back to the overall strategy then the project is automatically low priority. By focussing development activity on key projects you can impact the overall strategy in a positive way.

The #NoEstimates Paradigm and Response

Herding Cats

When we hear a suggestion about a process that inverts the logic of normal business activities based on a governance framework - say Microeconomics of Software Development, we need to ask who benefits? Governance is about decision rights. NoEstimates Business Estimating Governance

2016 94

Risk Management in Five Easy Pieces, with Apologies to Jack

Herding Cats

Hope is Not a Strategy. The Plan for the project is the Strategy for its successful completion. The performance dimension of Monte Carlo simulation modeling A structured approach for developing a risk handling strategy.

Risk 69

My first meeting with my project sponsor

Ron Rosenhead

Strategies for Project Sponsorship published by Management Concepts. Strategies for Project Sponsorship by Vicki James, Ron Rosenhead and Peter Taylor published by Management Concepts . project sponsorship project project management project management governance project risks

2016 61

What Can a Project Manager Do Next? The Project Manager Career Ladder

Project Bliss

You’d have a more strategic role to ensure that the program aligns with the business strategy of the organization. The Portfolio Manager may also establish portfolio governance standards and procedures for approvals, reporting and other needs.

2017 188

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

2014 55

Capabilities Release or Cadence Release

Herding Cats

Strategy is Not the Same as Operational Effectiveness. NoEstimates Agile Business Capabilities Decision Making Economics Estimating Governance Management Performance-Based Project Management® Planning Principles

The Origins of Scrum and Empirical Closed Loop Control

Herding Cats

Hope is not a Strategy. Agile Decision Making Estimating Governance Management PrinciplesI came across a couple of interesting tweets over the weekend. Scrum is) more defined rather than empirical process. Agile in name only. scrum, not agile. not as it was prior to scrum. lost art.

Principles of Project Success

Herding Cats

Plans are strategies. Strategies are Hypotheses. Deliverables Based Planning(r) Estimating Governance IMP/IMS Management Performance-Based Project Management® PrinciplesProjects produce products, services, solutions. Projects deliver capabilities that fulfill Missions and Vision, Projects are a vehicle to accomplish and outcome. Every project should have a goal, an objective, and outcome. Projects in various domains have different practices and processes.

Closed Loop Control and Granularity of the Estimating Process

Herding Cats

Hope is not a Strategy. NoEstimates Estimating Governance Mathematics Planning PrinciplesFor any closed loop control system ‒ let’s assume we want to manage our project with such a system ‒ has a signal representing the current state of the system. For software, this can be value produced (assuming we have a unit of measure for that value in the for of effectiveness, performance, key performance parameters, or technical performance measures ). https://goo.gl/DP6Jw

PPM and Agile transformations are two birds of a feather…

Kiron Bondale

The shift for PPM requires staff at all levels to elevate organization strategy over personal pet projects and to recognize that optimizing the whole sometimes requires sub-optimizing a part.

Agile 176

Estimating on Non-Trivial Software Projects

Herding Cats

Corporate governance has similar frameworks for managing the stockholders or stakeholders money. . Herding Cats: Connecting Project Benefits to Business Strategy for Success. NoEstimates Estimating GovernanceA nice conversation on twitter about estimates on software brought up the topic of estimates as commitments. The #NoEstimates advocates see estimates as making commitments. Yes, commitments are made when we estimate. But that commitment is not a promise.

Quote of the Day

Herding Cats

It is trivially easy to assert I'm exploring new ways of doing things when there is no bounding governance principles to guide your exploration. Herding Cats: Connecting Project Benefits to Business Strategy for Success.

Agile Portfolio Management

Arras People

Limited organisational effectiveness caused by over-detailed early-stage planning, and lack of day-to-day testing of the strategy. Failure to consider stakeholders, especially those closest to changes, in strategy and portfolio decisions.

Agile 139

What is the Program Management Improvement and Accountability Act?

Moira Alexander

PMI's Pulse of the Profession report shows "only 64 percent of government strategic initiatives ever meet their goals and business intent -- and that government entities waste $101 million for every $1 billion spent on project and programs.". How does this bill impact PM practices within the federal government? The PMIAA bill impacts all areas of the government with the exception of the Department of Defense (DOD). How does this impact government agencies?

Self-organization is a progression not a transaction

Kiron Bondale

And enterprise governance policies lean towards favoring compliance with process over satisfaction of control objectives. Definition and implementation of a development strategy based on a coach-the-coach model will be critical.

2016 130

Cobras and Carrots: How to Get the Best Out of Project Teams

Arras People

The British government was concerned about the number of venomous cobra snakes in Delhi. The government therefore offered a bounty for every dead cobra. Initially this was a successful strategy as large numbers of snakes were killed for the reward.

2016 166

Agile Project Management Methodology Explained

Azendoo

This step is typically performed by the project owner and it defines what the project is, how it will support the overall business strategy, who will benefit from the project and how that will happen.

Agile 130

Stakeholder-led Project Management [Book Review]

Girl's Guide to PM

Develop strategies. Worsley also excludes steering group members from ‘engagement’ saying that the governance process is enough for them. “I am convinced that stakeholders must always impact upon the way we manage our projects,” writes Louise M.

2016 259

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. No it’s not Spock. The world is a dynamic place.

2017 139

Moving from Project Manager to Programme Manager

Arras People

I see programme management as a step away from hands on project control and delivery and a closer move towards strategy, business and people management. I’ve been spending time thinking about my future career and one day I’d like to move on from being a Project Manager to a Programme Manager.

2016 182