Remove 2014 Remove Estimate Remove Governance
article thumbnail

Public Infrastructure: Project Management as a Key Success Factor

Inloox

If this had been the case earlier, the building would have been completed in 2014 already. The costs, initially estimated at 190 million euros, have now risen to 332 million euros and are expected to keep increasing. However, to finish the project by this date, everything has to go according to plan from now on.

article thumbnail

Transport for London’s Signal Failure – £886m more than planned*

Ron Rosenhead

As late as June 2014, TfL’s senior management continued to claim that the project could still be delivered by 2018 despite rail experts suggesting that this was impossible. The Assembly experienced this first-hand.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

A Compendium of Works to Increase the Probability of Project Success

Herding Cats

Project Governance. Integrated Master Plan: The Foundation of Program Success , College of Performance Management, May 21, 2014. Agile Software Development for Government Software Intensive System of Systems (SISoS) , Boulder Agile Meetup, 27 July 2016. How to Develop Credible Cost & Schedule Estimate. Governance.

2003 54
article thumbnail

Misunderstanding Making Decisions in the Presence of Uncertainty

Herding Cats

What happens if you shift focus from "accurate estimation" to "reliably shipping by a date"? . If your project has no uncertainty, there is no need to estimate. All estimates have precision and accuracy. Deciding how much precision and accuracy is needed for a credible estimate is critical to the success of that decision.

2003 46
article thumbnail

Scheduling and Cost Control in a Complex Environment

Strategy Execution | PMO Perspectives

And of course, for our projects and our organisations, we don’t have Governments to bail us out. Benefits are much harder to estimate but it can still be done, and experienced companies are able to map projected benefits, albeit within wider ranges than for project costs, whilst avoiding the natural tendency to over-estimate those benefits.

article thumbnail

Compendium of Works to Increase Probability of Project Success

Herding Cats

Governance (#Governance). Six Business System Rule - defines the assessment of the integrated business systems for Federal procurement and their integrity in providing information to the Government contracting office. . Putting these guides and BOK's to work for the benefit of the enterprise is the role of Project Governance.

article thumbnail

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

Strategy Execution | PMO Perspectives

Labelling something like a ‘project’, (when it may in fact be an initiative of low value or low complexity) may even have negative consequences in terms of additional governance and control costs that may not be necessary, as well as creating prioritisation problems. The Project Canvas.