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

2016 27

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.

2017 22

Trending Sources

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

2016 34

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.

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.

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

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 39

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.

2017 26

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.

2016 38

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.

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 19

Managing Your First Strategic Initiative

Arras People

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

2017 10

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.

2016 24

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 25

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.

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.

2017 17

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.

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.

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 15

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

2017 10

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

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 37

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 98

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

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 12

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 54

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.

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. NoEstimates Agile Decision Making Economics Estimating Fallacy of the Week Governance Management Mathematics Planning Principles Requirements Risk StrategyThis is from a #Noestimates presentation.

The Spotlight on the Programme Manager

Arras People

With the public sector (24%) they’re more likely to be working in central government the most, followed by local government, then healthcare then education. Here’s a collection of responses: IT Strategy. Complex government projects.

2016 70

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 50

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.

2016 15

Project Manager Roles and Responsibilities: What does a PM Really Do?

Project Bliss

As the project manager, you may report to stakeholders, governance bodies, and anyone else who needs project information. You’ll also need to know when and how to escalate project risks as needed ( 7 Strategies to Follow When Escalating Project Risk ).

2017 66

Building A Vendor Management Office: Lessons From Insurance And Airports

Project Management Hacks

However, the company has also accumulated vendor relationships that needed to be revised due to a new strategy. Economical has committed to success in the digital world and the vendor management strategy has to support that goal. Classify Your Vendors And Govern Accordingly.

2016 27

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 48

What Should a New Project Manager Focus On?

Girl's Guide to PM

Strategy. And if you treat strategy, planning, and delivery as academic, theoretical, or abstract activities, you are lost. And this means three things to me: The Governance Hierarchy.

2016 107

How To Take Over An Existing Project [Free Checklist]

Girl's Guide to PM

Check #5: Governance. Is there a governance structure? For other areas of governance such as reporting and approval levels, talk to your PMO and get these in place. Where does the project fit in the overall business strategy? Consider this.

2016 129

The Case for Project Portfolio Management

Jez Lister

Project Portfolio Governance. Project Portfolio Management is a governance driven process that requires both knowledge of the organisation’s strategic plans, and awareness of its capabilities and limitations. Project Portfolio Governance Boards. Centralised Governance.

2015 23

How To Make 2018 A Successful Year for Your Projects

Girl's Guide to PM

I think when we think about how we are delivering our projects, we need to focus on Business Value, Customer Satisfaction, Governance and less about coming in on time and budget.

2018 77

Becoming a Project Manager – A Complete Guide for 2018

Paymo App

The UK government developed PRINCE2, so if you’re planning on working in the UK, you might want to give this certificate a go. The chosen strategy was successful and the time and budget of the project were met.”

2018 31

Invested in Sustainability as a PM? You should be!

EarthPM

Many executives embrace the conventional wisdom that mainstream investors care little about an organization’s performance on environmental, social, and governance (ESG) metrics. <> Formulate a strategy once tangible sustainability measures are established. <>