Risk Management from Front and Back Recently I spoke at a Metrolina PMI Chapter on Risk Management. If we have been managing projects, we know that risk management is significant to ensuring project success. Risk management starts from the very beginning of the project, the scope, and our strategy selection will all impact the risks […]
Instead of No Estimates Instead of no estimates, we should consider adjusting our approach to estimates that eliminate the abuse, and still allows for the answers to the business questions, “does this project improve our bottom line” allowing the business to determine if the company really wants to undertake the project, and if so, do […]
I would like to start off with has anybody seen an appropriate study of estimating when it comes to doing the work? Not a study that already knows the conclusion they want, but an actual scientific study. The thoughts below are not based upon anything like that but, having seen many estimating boondoggles. I have […]
Risk Management Through the Project In modern life, risk management is a fundamental discipline for success. This does not just apply to work life, or project management but also personal life. Today we are going to discuss the approaches and impacts on the project when there is insufficient attention to the risks to which the […]
A company is deciding to undertake product development project, there is a consideration that amounts to a type of bet.
Flip a coin, heads or tails. The probability that it will come up heads is 50%, after all there are only two sides. Flip that same coin again, the same probability, 50%. However, if we say that success is two successive heads (or tails) that is different. The probability of two consecutive heads, is the […]
Taxonomy of Project Failure – Risks Experience suggests there are many ways to project failure due to our project management actions, this does not include the riskiness of the effort in general that comes with the uncertainty associated with projects – these are not operations. Projects by definition have uncertain components, this is especially true […]
You are in college now, and you see people that are likely smart as far as youth will provide. Everybody can have strong “opinions” and perhaps their track record in high school has been one of success after success or being the person known to be knowledgeable – as far as high school topics go. […]
We have been exploring the connection between the learning organization, organization development and project management, in fact, if you visit the Learning Organization training area https://valuetransform.com/lo-od/ you will find the class that ties these concepts together with project management. In this exploration we have reviewed some of our favorite works by Peter Senge, The […]
I was what was referred to later as a latch key kid. I was not aware of this term until long after I was through high school. My dad was in the Special Forces during the Vietnam War and stationed all over the United States. Any army dependent will tell you this is how it works, […]