What is Risk Management?

Herding Cats

Risk management is about making informed decisions by consciously assessing what can go wrong, as well as the likelihood and severity of the impact when that possibility comes true. The heart of Risk Management is making informed decisions in the presence of the uncertainties that create risk.

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How to Actually Define Risk Categories

Project Risk Coach

He thinks his project managers have identified most of their risks, but he’s not sure where to focus his attention. What areas have the highest risk exposure? Let’s look at how to actually define risk categories and how they can help Tom (and you). What are Risk Categories?

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Next Generation Project Management Software

Girl's Guide to PM

The project and portfolio management (PPM) software market is changing. In this article we look at emerging software in the PPM space and discuss how its selection and implementation needs to be done in line with an overarching digital strategy. Digitalization and Collaboration.

Estimating the Risk

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Risk is everywhere on projects. This risk comes from two types of uncertainty. The idea of risk and its management and handling is a critical success factor for all software development. One of the most rigorous theorems of economics [1] proves that the existing means of production yields greater economic performance only through greater uncertainty that is, through greater risk. Without these estimates, there is no risk management. NoEstimates Risk

Risk Management is How Adults Manage Projects

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Risk Management is How Adults Manage Projects - Tim Lister. Here's how we manage risk on our software intensive system of systems using Agile. . Risk management requires making estimating of the reducible and irreducible uncertanties that create risk. IT Risk Management. Risk Management is How Adults Manage Projects. Estimating is Risk Management. NoEstimates Risk

The Naive Notion that Agile Mitigates Risk

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The post Top 5 Ways Agile Mitigates Risk is one of those posts that's not wrong in what it says at the detail level - more or less, but is not right in principle. Agile Mitigates Risk - is not correct. Agile provides rapid identification of risk. What is risk management?

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How to Identify and Manage Secondary Risks

Project Risk Coach

A response to risk can create other risks. These secondary risks may be more significant than the primary risks if we are not careful. What is a secondary risk? A secondary risk is a risk that is created by a response to another risk.

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6 Tools and Techniques for Controlling Risks

Project Risk Coach

Changes in project risks are inevitable. As a project progresses, the probability and impact of current risks change, new risks emerge, and residual risks may increase or decrease. Susan, on the other hand, facilitated an early risk identification workshop.



There are certain measures to be taken if a business is to be thriving and the risk of its failure mitigated. Project Management azendoo best task planning software drinkle spiraplan task planning task planning software time tracking TimeCamp timecamp task planning trello

Best project management software


What is the best project management software for your team and your project? The short answer is no, depending on industry, team size, project complexity, team’s experience and team size the requirements for project management software change. What is our budget for PM software?

Get Ahead of Your Risks

Project Risk Coach

How to use key risk indicators Which would you prefer? To respond to risks after they occur or to see the risks early and take steps to prevent or reduce your risks? Project managers can get ahead of their risks by thinking differently. How to See Through Risks.

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Risk Management for Agile Software Development Projects

Herding Cats

It is popular to state that Agile IS Risk Management - but that is not correct. Agile software development is a software development process. Risk Management is a process as well. The two - agile and risk management - are well suited for each other. But Agile alone is not Risk Management. First some principles: All risk comes from uncertainty. Here's how Agile and Risk Management are joined. risk management agile+evm (v10.2)

Construction Risk Management: What to do when your project goes wrong


There is a number of parameters that you should think about and an efficient management of the risk is surely necessary. In other words, you can’t really define risk on the exact same way in every construction project. How we could define risk in a construction project.

Software Review: ProjectManager.com [2016]

Girl's Guide to PM

Time to revisit the software and see what has changed. The dashboards give you a snapshot of the project in real time and are ideal for showing a summary of progress, risks and effort on one page – good for project sponsors and other stakeholders who aren’t that good at reading status reports.

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12 Wonderful Ways To Improve Your Risk Management

Project Risk Coach

How well did John use risk management to accomplish his goal? He and his team completed a project plan and identified project risks. He captured the risks in his risk register and periodically conducted risk reviews. Improving Risk Management.

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The Economics of Decision Making on Software Projects

Herding Cats

The classic paper “ Software Engineering Economics,” Barry Boehm, IEEE Transactions on Software Engineering , Vol SE-10(1), 1984, pp. For software development, there are many decisions to be made. IT Risk Management.

Embracing Uncertainty in Software Projects


If you give a qualified answer, you risk being held to that original date despite the need to analyze requirements further, discuss with vendors and do proper project planning. In over 20 years of working in the software industry, the only thing I am certain about is uncertainty.

10 Ways Project Management Software Can Improve Your Career


If you use project management software and think of it as just that tool you use to do your planning, then you’re really missing out. Yes, project management software is something you use to create a schedule; it helps you get your project delivered on time, and we won’t lose sight of that.

5 Ways You May Unintentionally Create Schedule Risks

Project Risk Coach

The Problems with Crashing, Fast Tracking, and other Schedule Compression Techniques How do project managers unintentionally create schedule risks? As we work to develop and compress our schedules, let’s be aware of the common causes of risk. 5 Causes of Schedule Risk.

Dunning-Kruger and Modern Software Project Management

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IT Risk Management. In " Unskilled and Unaware of It: How Difficulties in Recognizing One's Own Incompetence Lead to Inflated Self-Assessments ," David Dunning and Justin Kruger state that the less skilled or competent you are, the more confident you are that you're actually very good at what you do. Their central finding is not only do such people reach the erroneous conclusion and make unfortunate choices, but their incompetence robs them of the ability to realize it.

Economics of Software Development

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For example, about which software to buy, which Features in the development backlog should be implemented next, what prices to charge for products and services. Software development is an exercise in microeconomics, since it deals with limited resources - time, cost, and what value is produced in exchange for the time and money. Since uncertainty creates risk, managing in the presence of uncertainty is Risk Management. Economics of Software Development.

INFOGRAPHIC: 5 Things To Prepare Before You Start Any Project


best practices communication Customer Experience infographic Project Management celoxis Online project management software project management project risk management stakeholder management web based project management toolINFOGRAPHIC: 5 Things To Prepare Before You Start Any Project.

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INFOGRAPHIC: Increase Your RoI in 2017 with a Project Management Software


INFOGRAPHIC: Increase Your RoI in 2017 with a Project Management Software. best practices collaboration infographic PM reports PPM Project Management risk management celoxis Online project management tool project management project risk management project tracking web based project management software

Software Economics

Herding Cats

Here's some thoughts on the economics of software development using other people's money, after 3 weeks of working a proposal for a major software intensive system of systems using Agile. If they do, they may consider looking for someone who knows the difference between willful ignorance of how to estimate software development and someone who can provide that information needed to stay in business. Economics of Software Development.

Software Review: BusiBI Project Manager 2016 v5.7

Girl's Guide to PM

There’s a risk that your team’s projects will sit at 80% complete for quite some time…. You'll also like: Software Review: Project Viewer for Primavera [2016] This article was updated with minor amends on 27 March 2016. Better Collaboration Software busibiGeneral Information.

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INFOGRAPHIC: 5 Approaches to Managing Large-Scale Projects with PM Software


INFOGRAPHIC: 5 Approaches to Managing Large-Scale Projects with PM Software. best practices capacity planning infographic PM reports PMO PPM productivity Project Management risk management celoxis gantt chart Online project management tool project management project risk management project tracking resource management web based project management software

Aleatory and Epistemic Uncertainty in Software Development Projects

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All software development projects operate in the presence of uncertainty. The design and development of software must rely on estimation, forecasts, and predictions based on an idealized understanding of what is an unknown (but knowable) understanding of reality. IT Risk Management.

How to Estimate Any Software Problem

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Uncertainty of course is present in all software development work both reducible and irreducible uncertainty. Before listening to any conjecture that estimates aren't needed to make decisions in the presence of Uncertainty for software development, please read these books. Take that experience and start making estimates for software projects. There is no excuse for not learning how to apply this approach to software development. Economics of Software Development.

How to Respond to Your Risks From Different Angles

Project Risk Coach

Are you guilty of trying to control risks after they are full grown? In the world of business risks, the best time to attack risk is when it’s germinating. In general, you can save time, effort, and money by attacking significant risks early.

Basis of Estimating Software Development

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The estimating of software development is both straightforward and complex. Here are some resources that will provide guidance to produce credible software development estimates, in both traditional and agile domains. Software Sizing, Estimation, and Risk Management: When Performance is Measured Performance Improves , Daniel Galaorath and Michael Evans , Auerbach, 2006. Software Sizing and Estimating: Mk II FPA , Charles Symons, John Wiley & Sons, 1991.

Decision Making On Software Development Projects

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Decision Making on Software Development Projects Is Both Simple and Complex at the Same Time. All Uncertainty Creates Risk. Reducible risk requires estimating the probability distribution of the occurrence. Irreducible risk requires estimating the statistical distribution of the naturally occurring processes. Risk Management is How Adults Manage projects – Tim Lister. Risk management requires estimating. Helton, Risk Analysis , vol.

The Importance of Creating a Risk Response Team


When we talk about project management, we also talk about risk management. best practices Blog Project Management risk management celoxis Online project management software PPM project management project risk management risk response team web based project management software

Estimating on Non-Trivial Software Projects

Herding Cats

A nice conversation on twitter about estimates on software brought up the topic of estimates as commitments. In our domain of software intensive system of systems, we have formal agreements at the top of the engagement and less formal agreements lower down based on agile software development processes. Capability Maturity Levels and Implications on Software Estimating. Software Estimating for Non Trival Projects. IT Risk Management.

7 Reasons Why Excel Is Putting Your Project At Risk

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Here is why you shouldn’t leave that success in the hands of what Forbes calls the most dangerous software there is. Risk #1: No Specialized Features. The software pulls out the information you need, allowing you to concentrate on getting the job done. Risk #2: No Single View Of All Work. Project management software gives you a portfolio view of your work and the work of your teams. Risk #3: No Professional Communication With Clients.

LiquidPlanner Vs. Task Management Software: An Evaluation Guide


In a nutshell: LiquidPlanner can do everything that a task management software can do—and much more. Let’s take a deeper dive into how LiquidPlanner compares to task management software. Risk Management. How task Management tools manage risk.

Accountability on a Agile Software Development in the Presence of Governance

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This is paradigm is usually found at the Enterprise level of software development. In this case, there are others who are Accountable for delivery working software. Not designing and developing the software. One of the principles of agile development is self-organizing teams.

Is Software Development Art or Engineering

Herding Cats

I started my career as a Software Engineer , writing Fortran 77 signal processing algorithms to find and track missile launchers in the middle eastern desert. Signal processing is a domain of software development well suited to the paradigm of engineered systems. But there are software systems where testing is necessary but not sufficient. . Software-intensive systems include: . So when would a software system NOT be Engineered to fit the Needs of the Customer?

Systems Engineering and Software Intensive System of Systems

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I come to this systems domain from the Software Intensive System of Systems paradigm. When I hear about complex software systems and how difficult they are, and how undesirable they are, and all the other urban legends about complexity, complex, complicated and chaos, I get a smile. The Art of Systems Architecting 2nd Edition , Mark Maier and Eberhardt Rechtin - is a seminal work including software systems. IT Risk Management.

Your Crash Course on PPM Software


There is no magic cure to fix these issues overnight, but there is somewhat a solution to make jobs easier and create balance in the system: these are the PPM Software. What You Need to Know About PPM Software. Project Portfolio Management (PPM) software warrants managers in charge to deal with advanced project endeavors easier. Additionally, PPM software enables teams or staff to collaborate or share ideas, as well as create comprehensively organized schedules.

How to Keep Your Projects On-Time and On-Budget

Arras People

Deltek is the latest member of the Arras People Software Directory , in this article they give a brief overview of how projects can be controlled and how software can help with this. The foundation of this visibility is an integrated project control software solution.