Rebel’s Guide to PM

AUGUST 29, 2021

Risks matter. That’s the point of risk management: thinking about what might go wrong before it does, so you can put a plan together to deal with it if it does. However, at the beginning of your project when your risk log is empty, it can be a bit of a challenge to think of all the stuff that might need to go on there.

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Risk Technical Review Risk Management Estimate 330

Kiron Bondale

OCTOBER 26, 2022

Those of you who read my articles regularly will know that I took a hiatus from writing about leadership and delivery topics over the past couple of months to focus on my first time campaign running for one of the city councilor seats in Welland. The weather was sunny and warm on election day and polls were open till 8 PM.

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MPUG

OCTOBER 14, 2024

Accurately estimating the duration of tasks is often a daunting challenge. From unforeseen delays to resource limitations, the inherent unpredictability of project activities can make accurate time estimation feel like an elusive goal. Project managers frequently grapple with uncertainties that can derail schedules and inflate costs.

Estimate 59

Estimate 2024 Risk Management Engineering 59

Scrum.org

FEBRUARY 13, 2024

Estimation is a complementary practice Scrum Teams use in Product D evelopment. The purpose of estimation is to provide a rough idea of how much effort, time, and budget are needed to complete specific features or PBI- Product Backlog Item of the product.

Estimate 167

Estimate Underperforming Technical Team SCRUM Innovation 167

Kiron Bondale

OCTOBER 24, 2021

Estimates are guesses. The work was being done at the center, so the availability of technicians, spare parts, equipment and other dependencies should not be a source of significant risk. I had also received similar estimates from two different technicians and both seemed very experienced.

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Scrum.org

SEPTEMBER 20, 2021

TL; DR: Estimates Are Useful, Just Ditch the Numbers. Many people dislike estimating work items as estimates supposedly open the path to the misuse of velocity by the managers, reintroducing Taylorism, micro-management, and excessive reporting through the backdoor. Shall I notify you about articles like this one?

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Estimate SCRUM 2022 Agile 216

Kiron Bondale

MARCH 21, 2021

This article represents the confluence of three separate concepts I read about this week. The first came when I read Michael Küsters’s article Why WSJF is Nonsense which details the downside of blindly ranking work packages based on the Weighted Shortest Job First (WSJF) formula. of making a poor decision. (If

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Risk 2001 Estimate Leadership 227

The IIL Blog

JANUARY 24, 2024

Time and time again, I see organizations are not dealing with risk appropriately. Sure, they have a list of five to ten risks on their projects, but they are not managing their risk and are falling into risk management pitfalls. Some people would call this risk magic. PMBOK 5 th Edition, PMI. Well wait a minute.

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Risk Risk Management 2012 PMI 78

Leading Answers

AUGUST 25, 2020

Project managers generally like plans and estimates so we can forecast when things should be done and how much they may cost. " So, when project managers hear about ideas such as "let's stop estimating," it can trigger a knee-jerk reaction. It sounds lazy and avoiding the hard work of having to estimate.

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Estimate Software Review Underperforming Technical Team Agile 131

LiquidPlanner

FEBRUARY 14, 2022

Risk and uncertainty are inherent parts of all project work, making project risk management an important topic for teams to address. When studies tell us that easily half of all IT projects run over budget and past deadline , we see how easily risk turns into real trouble for projects and their organizations.

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Risk Management Risk 2012 Prince2 167

Leading Answers

JANUARY 16, 2021

This article explains what a risk-adjusted backlog is, why they are useful, how to create one and how teams work with them. What is a Risk-Adjusted Backlog? A risk-adjusted backlog is a backlog that contains activities relating to managing risk in addition to the usual features associated with delivering value.

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ProjectManager.com

JULY 16, 2024

Risk management tools also identify risks and track and mitigate issues. From planning to managing and executing projects, including features that manage risk, streamline payroll with online timesheets and automate workflows, ProjectManager is the number-one construction software for Mac. 5 Capterra review: 4.4/5

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Construction Software Review Software Estimate 370

MPUG

JUNE 22, 2021

A recent survey of Microsoft Project User Group (MPUG) members found that one top concern for project managers using MS Project was how to manage issues and risks within the Project ecosystem. This is valid because topics like risk management can be contentious, and having multiple sources of the ‘truth’ does not help.

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Risk Management Risk Estimate Defining 105

LiquidPlanner

MAY 24, 2022

This notion of contingency analysis shows that when planning or budgeting, we must account for foreseeable risk and factor in the optimal route required with the minimum number of possible detours. Risk is not solved with a calculation. Project leaders need to ask: are some foreseen risks not occurring?

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Project Risk Coach

DECEMBER 11, 2022

And this can be particularly difficult when estimating the cost and the timeline of complex, volatile projects. In this article, I will share what you need to know about Monte Carlo risk analysis , how it works, and an overview of when it should be used. Assumptions typically have some level of uncertainty and risk.

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Estimate Risk Management Risk Budget 195

ProjectManager.com

FEBRUARY 27, 2024

Using project planning templates can help you schedule tasks, estimate budgets and allocate resources. You can even use project planning templates to help you manage your project, track progress and risks. There’s also a section that addresses the project budget, risk and change management, which is essential to stay on track.

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Planning Software Review Risk Management Estimate 390

MPUG

SEPTEMBER 4, 2023

In this article, we’re addressing a common question in modern project management: Do we need risk management in agile projects? Do agile projects have risks associated with them? And do we want to let those risks run wild without any effort to contain them? So, yes, of course, we need risk management in agile projects.

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Risk Management Risk Agile Technical Review 98

MPUG

APRIL 2, 2020

can become an accurate estimating tool for top-down (Analogous) and bottom-up (Parametric) estimating. Unfortunately, the large majority of project managers estimate tasks with durations and update tasks by entering %-complete as reported by team members. Using a Schedule Template for Estimating. It’s not hard to do.

Estimate 105

Estimate 2016 2019 Risk Management 105

Rebel’s Guide to PM

APRIL 8, 2022

We have forecast and actual dates, timesheets, budgets, databases of lessons learned , risks, issues and changes. For example, imagine reviewing estimates from the project team. As you enter their estimated effort for tasks, the software prompts you: Claire’s estimates were 20% under on her last five projects.

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2022 Artificial Inteligence Technical Review Software Review 442

Teamweek

NOVEMBER 3, 2023

Top-down estimating is a form of estimation where existing knowledge of similar projects is used in the estimation process to produce a ballpark figure for the total cost. Like other methods to estimate a new project’s cost , top-down estimation has advantages and disadvantages. What is top-down estimating?

Estimate 52

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Agilemania

SEPTEMBER 22, 2021

If our estimates are wrong most of the time, why should we even attempt estimating in the first place? If this is the case, why bother estimating at all? If this is the case, why bother estimating at all? . Estimating can work but only if you understand why you are doing it. Let us understand why we estimate. .

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Estimate Agile Consulting SCRUM 98

Epicflow Blog

JUNE 10, 2022

Accordingly, they are more vulnerable to the consequences of risk-bearing events. When unmanaged, these risks can impact people’s safety and, to make matters worse, come down to considerable financial losses. . What are the most typical risks associated with aerospace engineering projects, and how to manage them effectively?

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Aerospace Risk Management Engineering Risk 98

Rebel’s Guide to PM

APRIL 22, 2024

Resource management is difficult because work is unpredictable and people aren’t very good at estimating! I suggest adding the relevant ones to your risk log so they are constantly under review. Resource risk is not considered People go off sick or are unavailable at short notice and this isn’t factored into the plans.

Technical Review 288

Technical Review PMO Risk Management Software Review 288

Rebel’s Guide to PM

MARCH 18, 2021

In this article we’ll look at the types of artifacts in project management, typical documents for each type. Artifacts are categorized in the PMBOK® Guide – 7 th edition into 9 different types and that’s what this article is going to look at. The article will be updated in due course. What is an artifact?

Logistics 511

Logistics Artificial Inteligence PMI Performance Measurement 511

Teamweek

DECEMBER 22, 2023

Parametric estimation is a crucial estimation technique in project management. That’s because parametric estimations are highly accurate and take some guesswork from your estimation process. What is parametric estimating? The more granular the parameter, the more accurate the estimate.

Estimate 52

Estimate Software Review Project Cost Risk Management 52

Rebel’s Guide to PM

SEPTEMBER 3, 2021

This article will explain project contingency, how to calculate contingency and how to manage it within the scope of your projects. Contingency can be defined as additional resources put aside to address potential risk and uncertainty in a project. So risk is critical to understanding contingency: that’s the first step.

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Technical Review Software Review Estimate Risk Management 307

MPUG

JANUARY 8, 2024

The solution, of course, is estimating. There is a whole science to estimation, and it would be possible to go very deeply into this. But before we start, let’s tackle the Estimation Elephant in the Room…. The estimation techniques they use are a deliberate trade-off between speed and accuracy.

Estimate 52

Estimate Technical Review Risk Management Agile 52

MPUG

MAY 17, 2021

At the outset, you realize there will be a number of risks, which if not managed well, could paralyze the outcome and have negative impacts on the project objectives. You want to proactively identify, analyze, respond, track, and monitor your project’s risks. If you have ever managed risks, you know a spreadsheet is not the answer.

Risk Management 101

Risk Management Risk 2019 2021 101

Rebel’s Guide to PM

JULY 22, 2024

They need to know this, and what they are risking by being so vague. For example, they ask you to cut the time for testing, when your estimating over the last 6 projects like this one show that you really do need the full month. Help them understand where your estimates have come from. And why wouldn’t they?

Technical Review 318

Technical Review Estimate Risk Management Initiating 318

Rebel’s Guide to PM

MAY 3, 2022

In this article, you’ll learn about 20 things to include in a project plan. Risk management plan. Here’s where you set out how you are going to manage risk. Document how often you will review risks, what can be dealt with by the team and what should be escalated. For example, schedule risks, technical risk, scope risk.

Planning 334

Planning Software Review Risk Management Estimate 334

Teamweek

AUGUST 1, 2022

Project cost estimation can be challenging, especially when the project is complicated and has many moving parts. In this guide, you’ll learn: What a project cost estimate is Why most project cost estimates are terrible How to create an accurate project estimate What to do after creating your project cost estimate.

Estimate 52

Estimate Project Cost Web Development Software Review 52

PM Basics

SEPTEMBER 7, 2022

Here’s the most important thing you need to take from this article. Risk identification is not a rigid process that you follow step-by-step. Instead, good risk identification comes from communication and collaboration with all project stakeholders. Moreover, you need to educate others on how to use your risk management process.

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Risk Software Review Underperforming Technical Team Risk Management 109

Kiron Bondale

FEBRUARY 18, 2018

Project managers need to be comfortable with different estimation techniques. Foundational project management courses will teach you about analogous, bottom-up, parametric and three-point estimating. Take a course covering agile delivery and you’ll learn about relative sizing techniques such as estimating poker or t-shirt sizing.

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Estimate Controlling Agile Risk Management 136

Rebel’s Guide to PM

SEPTEMBER 8, 2021

The four types of project management methods are: Data gathering and analysis methods Estimating methods Meetings and events Other (because it’s always worth having a bucket category for anything else, right?). You can do root cause analysis as part of risk management as well. Estimating methods. Analogous estimating.

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Underperforming Technical Team Estimate Software Review Risk Management 450

Rebel’s Guide to PM

APRIL 17, 2024

Contingency plans form part of your overall project risk management. Be prepared for the sunk costs of doing work that might not be needed because it is part of risk mitigation. Therefore the effort should be commensurate with the level of uncertainty and potential risk. Get your estimates.

Critical Chain 354

Critical Chain Software Review Budget Estimate 354

MPUG

OCTOBER 24, 2022

Many ‘Request for Proposal’ (RFP) documents require that a Schedule Risk Analysis (SRA) must be performed on the submission. Risk and Uncertainty. All too often, SRA is lumped into Risk Management. I prefer the term Risk and Uncertainty Management, because they are really two different disciplines. Introduction.

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Risk Risk Management Estimate Budget 64

ProjectManager.com

AUGUST 29, 2023

Plus we’ve added handy links to help you dive deeper into different topics with videos, articles and even our round-up of all resources so you can put these important terms into practice with your projects. Baseline A baseline is an estimate of the project’s scope, schedule and costs that is created during the planning stage.

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Software Review Underperforming Technical Team Lean Event Chain 410