Rebel’s Guide to PM

JUNE 25, 2020

Anchoring occurs when a project manager adjusts an estimate closer to a number she previously heard or saw. ” Even if the project manager disbelieves the two-week estimate, she would be unlikely to stick to her two-month plan.

Technical Review 493

Technical Review 2007 Finance Estimate 493

Project Risk Coach

APRIL 18, 2021

One of the reasons that project managers fail to properly estimate their projects is they miss key activities when developing their schedules. One of the most powerful tools for this exercise is the work breakdown structure (WBS) which is a hierarchical decomposition of the scope of work. Why does this happen?

Estimate 397

Estimate Risk Management Initiating Defining 397

Project Risk Coach

OCTOBER 23, 2021

3 Is an Opportunity a Risk, Really? Project managers may use qualitative and quantitative risk analysis to evaluate opportunities. Consequently, these project managers and team members fail to take advantage of these upside risks. Therefore, negative risks are considered to be threats and positive risks are opportunities.

Underperforming Technical Team 363

Underperforming Technical Team Project Life Cycle Risk Management Risk 363

Rebel’s Guide to PM

APRIL 1, 2019

All the things you need to know and do for successful risk management, for example, are bundled under the Risk Management Knowledge Area. In other words, you can’t “do” schedule management and ignore what the impacts of that might be on people, risk, communications, cost and the rest. 10 Knowledge Areas of Project Management.

PMI 405

PMI Risk Management Risk Estimate 405

Scrum.org

SEPTEMBER 16, 2020

Still plenty of teams use hourly estimates for complex work. Relative estimation: takes less time, focuses on team collaboration i.o. Relative estimation: takes less time, focuses on team collaboration i.o. Relative estimation: takes less time, focuses on team collaboration i.o. Think risk, effort, complexity.

Estimate 203

Estimate Software Review Budget Agile 203

ProjectManager.com

DECEMBER 28, 2023

ProjectManager is award-winning project management software that has resource management tools to keep teams productive without risking burnout and poor morale. Estimate the Resources That You Need Resources aren’t only people, but raw materials, equipment and anything else that the team needs to accomplish the task assigned to them.

Manufacturing 461

Manufacturing Monitoring Estimate Executing 461

Rebel’s Guide to PM

APRIL 17, 2024

Perhaps your work is very linear so it’s so obvious you don’t need to go through the exercise of working it out. 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. Get your estimates.

Critical Chain 386

Critical Chain Software Review Budget Estimate 386

ProjectManager.com

NOVEMBER 22, 2022

An event budget is the estimated costs associated with putting on an event. Prices for things change and there’s an inherent risk in putting together an event that can impact your budget. Estimate Fixed & Variable Costs. If your event budget is wrong, that’s even worse; you might not be able to pay vendors or speakers.

Budget 397

Budget Transportation Estimate Risk Management 397

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.

Risk Management 167

Risk Management Risk 2012 Prince2 167

ProjectManager.com

DECEMBER 19, 2019

Don’t forget to include a risk management plan. Budget: This is an estimate of everything in your plan and what it will cost to complete the project over the scheduled time allotted. Create a Schedule: Make a timeline for the project by estimating how long it will take to get each task completed. Then figure out its feasibility.

Underperforming Technical Team 493

Underperforming Technical Team Project Life Cycle Leadership 2019 493

ProjectManager.com

AUGUST 22, 2023

Use Gantt charts to accurately plan, real-time dashboards to analyze live data and other features to manage tasks, risk, resources and more. Fostering collaboration through project management tools , team-building exercises and other tools and techniques will drive productivity. Without a project plan, you’re risking failure.

Estimate 369

Estimate Software Review Budget Controlling 369

Project Risk Coach

JANUARY 16, 2017

Improve buy-in and support for your project budgets Do you ever feel like the Lone Ranger when trying to improve cost estimates? Many project managers are left to their own devices when estimating projects. So, how can we improve our cost estimates? 3 Techniques to Improve Cost Estimates. You’re not alone.

Estimate 150

Estimate Finance Budget Software 150

Rebel’s Guide to PM

JULY 31, 2020

In turn, you may put more and more pressure on your team to speed up – risking cutting corners and delivering a low quality product that is not fit for purpose. Given all their experience, they should be able to come up with some realistic estimates for time frames for all the tasks on the plan.

Estimate 363

Estimate Finance Defining Planning 363

Kiron Bondale

JULY 3, 2016

You are assigned to manage a project and before you or your team have had an opportunity to start to chip away at the looming mountain of uncertainty, you get put on the spot to provide a cost or schedule estimate by your project sponsor or some other stakeholder. Sometimes we see an oscillation between these outcomes. No be there.

Estimate 136

Estimate Initiating 2010 Construction 136

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?

Risk Management 158

Risk Management Risk 2003 2007 158

LiquidPlanner

NOVEMBER 1, 2018

How do you deal with a team that refuses to estimate how long tasks will take? Estimating can be done in several solid ways, and frankly, it sounds as if your colleagues don’t know how to estimate properly or are scared to give you the timescales that pop into their heads. It is difficult to estimate when the task is too big.

Estimate 602

Estimate Risk Management Innovation Budget 602

ProjectManager.com

JULY 5, 2022

Discern the risks and issues associated with each solution. Now, it’s not just an exercise to appease senior leadership. Once you have all the tasks collected, estimate how long it will take to complete each one. Make a timeline for the project by estimating how long it will take to get each task completed.

Underperforming Technical Team 370

Underperforming Technical Team Project Life Cycle Estimate Government 370

Project Risk Coach

JUNE 24, 2019

In general, smaller projects have less risk. This exercise allows the team to understand the context of the project. This exercise will provide a good foundation and reduce the changes later in the project. You are not performing project risk management. Yes, smaller projects typically have less risk.

Underperforming Technical Team 207

Underperforming Technical Team Risk Management Risk Executing 207

Rebel’s Guide to PM

OCTOBER 7, 2023

Submit your emails in a Google Doc with the settings set to public so anyone can read it – otherwise you risk your peer reviewer not being able to give your project documents any marks at all. Next, fill in the time estimates for project tasks. However thorough this case study, it’s only that: a desk-based exercise.

Certification 351

Certification Software Review Estimate Risk Management 351

ProjectManager.com

MARCH 28, 2023

Train Your Employees Plan training and exercises for your personnel. Track Production Schedules With Gantt Charts Production schedules rely on resource planning, estimation and forecast demand as well as knowing your inventory and monitoring progress. Our robust Gantt charts allow you to organize tasks, resources and costs.

Manufacturing 387

Manufacturing Process Planning Engineering 387

Scrum.org

NOVEMBER 2, 2020

Product Backlog Creation and Estimation. That should be a continuous exercise. Otherwise, the risk of allocating resources on work items, that may never make into a Sprint Backlog, becomes too high. Is it a joint team effort or is the Product Owner writing the user stories and the team estimates them?

SCRUM 247

SCRUM Estimate 2020 Agile 247

ProjectManager.com

SEPTEMBER 24, 2019

A POC elicits feedback from everyone involved in a project, including those who might not have otherwise contributed, thereby mitigating unforeseen risk. Creating prototypes is another important exercise. This all provides more data that helps to estimate time , cost and resources needed for the project.

Technical Review 312

Technical Review Software Review Defining Estimate 312

Rebel’s Guide to PM

JUNE 30, 2020

If you don’t talk about problems then you risk hitting your manager with bad news. Not doing the exercise to find out what lessons the team learned when a piece of work is done means you are unable to learn from your mistakes. They make up their own estimates based on how long they think things will take. Managers meddle.

Underperforming Technical Team 376

Underperforming Technical Team Software Review Technical Review Leadership 376

Scrum.org

APRIL 3, 2023

I want you to create a schedule, name the exercises, and point to sources where I can learn more about the suggested activities. Can you be more specific regarding the exercises for lessons 4 to 7? Please suggest what kind of exercises best advance the respective lesson topic for the students.

ChatGPT 183

ChatGPT Underperforming Technical Team SCRUM Artificial Inteligence 183

Rebel’s Guide to PM

APRIL 5, 2024

All the things you need to know and do for successful risk management, for example, are bundled under the Risk Management Knowledge Area. In other words, you can't 'do' schedule management and ignore what the impacts of that might be on people, risk , communications, cost and the rest. I would count money as a resource as well.

PMI 230

PMI Risk Management Risk Technical Review 230

Kiron Bondale

JUNE 16, 2018

Traditional project funding models are anchored to periodic (annual, semi-annual or quarterly) portfolio re-planning exercises which ingest updated forecasts for active investments and funding requests for new ones. It can result in higher risk, premature financial commitments.

Agile 179

Agile Finance Lean Estimate 179

Rebel’s Guide to PM

MAY 10, 2022

In turn, you may put more and more pressure on your team to speed up – risking cutting corners and delivering a low quality product that is not fit for purpose. Given all their experience, they should be able to come up with some realistic estimates for time frames for all the tasks on the plan.

Estimate 259

Estimate Finance Defining Planning 259

Scrum.org

MARCH 8, 2021

The trial day is an expensive exercise and should not be wasted. If you do that, you might risk ending up choosing someone who is comfortable with “doing Agile by the book”. Good exercises for hands-on learnings are: A. Thirty minutes to prepare for the exercise should be sufficient. Have a Trial Day.

SCRUM 218

SCRUM Underperforming Technical Team Agile Engineering 218

Scrum.org

MAY 15, 2023

Explain the benefits and drawbacks of different estimation techniques. Identify risks & dependencies for following feature: [Your feature]. Your suggestions include surveys, talks, interviews, team meetings, games, exercises, or other parties like stakeholders or line managers, and other useful practices. Design a Sprint board.

ChatGPT 209

ChatGPT Technical Review SCRUM Artificial Inteligence 209

Scrum.org

SEPTEMBER 28, 2020

Roadmap planning—as portfolio planning—is a continuous exercise. That should be a continuous exercise. Otherwise, the risk of allocating resources on work items, that may never make into a Sprint Backlog, becomes too high. Is it a joint team effort or is the Product Owner writing the user stories and the team estimates them?

SCRUM 251

SCRUM Agile 2017 Engineering 251

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. .

Estimate 98

Estimate Agile Consulting SCRUM 98

Rebel’s Guide to PM

APRIL 5, 2023

For example, you have to complete a project charter, a risk document, a presentation to executives, write sample emails etc. There are two exercises where you have to write emails and I uploaded the wrong email file for an assignment. Most tests require 80% or more to pass. I made this mistake once myself.

Certification 467

Certification Executing Risk Management Agile 467

Project Risk Coach

OCTOBER 10, 2016

The best project managers know how to blend their knowledge in different areas such as scope management, cost management, and risk management. Imagine a project manager, Jane, leading a work breakdown structure exercise (WBS) with her project team resulting in work packages or activities. Do you see the power of integration management?

Underperforming Technical Team 150

Underperforming Technical Team Technical Review Monitoring Closing 150

Scrum.org

APRIL 17, 2023

So in March 2023, I embarked on a non-representative research exercise to learn how organizations misuse Jira from a team perspective as I wanted to understand Jira anti-patterns. Risk aversion : Organizations may be risk-averse and believe tighter controls will help minimize risks and prevent project failures.

ChatGPT 228

ChatGPT Technical Review 2023 SCRUM 228

Scrum.org

MAY 8, 2023

Product Backlog refinement : The Product Owner and Developers collaborate to refine, estimate, and order the Product Backlog items based on value, risk, and dependencies. Scope adjustments : Developers may discover that a Product Backlog item is more complex than initially estimated, requiring additional effort or time.

SCRUM 207

SCRUM Agile Technical Review Software Review 207

Scrum.org

JANUARY 15, 2020

What risks are there? Traditional estimation processes are so time-consuming, and often inaccurate, that an entire #noestimates movement has been started. Then, you add up the cumulative time, round up a bit for good measure, and add some padding for the potential risks or unknowns. What is involved in the work?

Estimate 183

Estimate SCRUM Agile Risk 183

The Lazy Project Manager

SEPTEMBER 22, 2017

But again, it is a rough estimate that is needed for this exercise. And finally, estimates of disruption ratio percentage (use the 20% provided if you don’t have a true idea of your own organisations percentage) and failure factor ratio percentage but only for the growth projects.

2014 186

2014 Finance Leadership Estimate 186