Why is LOE as important for a project as other aspects like stakeholder satisfaction, cost overshoot and schedule variance? And are you approaching it the right way?
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The answer is “yes”, even though the typical fixed-price mentality violates the values stated in the Agile Manifesto. But fixed-price contracts are necessary for the market, so agile projects will have to adjust and offer a workaround.
This article explains the cost pulse check process in IT project management, along with some examples and best practices a project manager can adopt to manage and represent financials realistically.
For too long, the IT department has been shouldering the financial burdens of other department projects within organizations. It's time for CIOs to stand up and speak out and reclaim their budgets in 2011.
Cloud-based solutions can deliver significant benefits--be it in project management or any number of other areas. But are organizations rushing into these solutions without fully understanding the implications on their business? Here, we try to flag some of the things that need to be considered before committing to a move in the cloud.
IT loves the cloud, but what does the business understand about the pros and cons? In this article, we take a brief, high-level look at some of the considerations that require business engagement--even if cloud-based project management is only being used on IT projects.
While the promises of increased cloud activity are great, so too are the chances for stormy situations. While many organizations will rapidly seek cloud computing to help combat struggles with their economic circumstances, they will do so at their own peril. Be very afraid...the cloud craze is entering its teenage years.
One measure of project success hinges on the ability of the estimator to predict the right schedule and budget, since projects that go over budget or fall behind are deemed failures. This article looks at the factors behind the difficulty of getting good estimates and suggests a combination of psychology (soft skills) and science (robust estimation software) to increase project success rates.
Even if you have the estimating gift, there are still lurking issues that can render it highly inaccurate. Some you have control over, but for many you don't. Here are some common estimating issues that can often negatively impact your project:
Why inject complexity into your projects when elementary math will suffice? Cut through the quantification using these three simple formulas when engaging with stakeholders.