The document discusses several key challenges and considerations for projects, including:
1. Estimating timelines is difficult as the future is uncertain and many factors can impact schedules. Adding people to a late project can actually make it take longer due to coordination challenges.
2. Thorough documentation is important for defining objectives, specifications, timelines, budgets, and other key project details. Paper documentation is still valuable even for digital projects.
3. Testing and fixing errors is a major part of projects that is often overlooked. Simply restoring from backups should not be considered a normal way to address bugs.
4. Projects are rarely truly "finished" as enhancements, additions and ongoing fixes are usually needed after launch
Budgets are quantitative expressions of plans that are used for planning and control. For planning, budgets ensure spending follows a plan and supports objectives. For control, budgets provide standards to evaluate performance against. As the head of budgeting, one would not be overly influenced by pessimistic or optimistic individuals, but use reasonable assumptions to develop an accurate master budget. Even small firms create cash budgets because cash flow is critically important. Static budgets can mislead if not adjusted for changes, while flexible and activity-based budgets improve accuracy.
The document discusses various budgeting concepts and terms:
- Budgets are quantitative expressions of plans that translate organizational goals into operational terms. They are used for both planning and control by comparing actual outcomes to planned outcomes.
- Master budgets are comprehensive financial plans that include operating budgets for income-generating activities and financial budgets for cash flows and financial position.
- Flexible budgets allow costs to vary with changes in activity levels, while static budgets do not change with varying activity. Activity-based budgets determine resource needs by first linking them to activities and outputs.
What it managers need to know about working capital it-toolkits.orgIT-Toolkits.org
Have you ever wondered how your company pays its bills? I mean, every day when you come to work, the lights are on, the security guard is working, and food is served in the cafeteria. Somehow, thanks to the efforts of your company’s leadership, that is all getting paid for, but how? The secret my dear IT manager lies in the world of working capital…
This document discusses different methods for assessing investment projects, including payback period, average rate of return, and net present value. Payback period calculates the number of years for a project's cash flows to repay the initial investment. Average rate of return measures annual profit as a percentage of the capital cost. Net present value discounts future cash flows to determine their value today relative to the initial investment cost. The document compares the advantages and disadvantages of each method.
Budgets are financial plans that set targets for a business's revenues and costs over a given period. Managers are responsible for costs within their budgets and must take action if actual spending differs significantly. Variances occur when actual figures differ from budgets, and can be favorable or adverse. While budgets help control costs and monitor performance, they can also lead to inflexibility and departmental rivalry if not implemented carefully.
The document discusses various methods for financial forecasting. It describes quantitative methods like straight line forecasting, moving average forecasting, and linear regression forecasting which use historical data to predict future trends. It also covers qualitative methods like market research and the Delphi method which rely on expert opinions. Financial forecasting is important for decision making, budgeting, convincing investors, and determining how resources should be allocated.
Budgeting and forecasting are important planning and control tools for organizations. Budgets translate goals into quantitative spending plans, while forecasts predict future trends. All departmental budgets depend on the sales budget, as it determines the revenue available. While small firms may not create full master budgets, nearly all create cash budgets due to their importance for managing liquidity and avoiding cash flow issues. Flexible budgets allow adjustment for changing activity levels and provide more accurate performance analysis than static budgets.
Budgets are quantitative expressions of plans that are used for planning and control. For planning, budgets ensure spending follows a plan and supports objectives. For control, budgets provide standards to evaluate performance against. As the head of budgeting, one would not be overly influenced by pessimistic or optimistic individuals, but use reasonable assumptions to develop an accurate master budget. Even small firms create cash budgets because cash flow is critically important. Static budgets can mislead if not adjusted for changes, while flexible and activity-based budgets improve accuracy.
The document discusses various budgeting concepts and terms:
- Budgets are quantitative expressions of plans that translate organizational goals into operational terms. They are used for both planning and control by comparing actual outcomes to planned outcomes.
- Master budgets are comprehensive financial plans that include operating budgets for income-generating activities and financial budgets for cash flows and financial position.
- Flexible budgets allow costs to vary with changes in activity levels, while static budgets do not change with varying activity. Activity-based budgets determine resource needs by first linking them to activities and outputs.
What it managers need to know about working capital it-toolkits.orgIT-Toolkits.org
Have you ever wondered how your company pays its bills? I mean, every day when you come to work, the lights are on, the security guard is working, and food is served in the cafeteria. Somehow, thanks to the efforts of your company’s leadership, that is all getting paid for, but how? The secret my dear IT manager lies in the world of working capital…
This document discusses different methods for assessing investment projects, including payback period, average rate of return, and net present value. Payback period calculates the number of years for a project's cash flows to repay the initial investment. Average rate of return measures annual profit as a percentage of the capital cost. Net present value discounts future cash flows to determine their value today relative to the initial investment cost. The document compares the advantages and disadvantages of each method.
Budgets are financial plans that set targets for a business's revenues and costs over a given period. Managers are responsible for costs within their budgets and must take action if actual spending differs significantly. Variances occur when actual figures differ from budgets, and can be favorable or adverse. While budgets help control costs and monitor performance, they can also lead to inflexibility and departmental rivalry if not implemented carefully.
The document discusses various methods for financial forecasting. It describes quantitative methods like straight line forecasting, moving average forecasting, and linear regression forecasting which use historical data to predict future trends. It also covers qualitative methods like market research and the Delphi method which rely on expert opinions. Financial forecasting is important for decision making, budgeting, convincing investors, and determining how resources should be allocated.
Budgeting and forecasting are important planning and control tools for organizations. Budgets translate goals into quantitative spending plans, while forecasts predict future trends. All departmental budgets depend on the sales budget, as it determines the revenue available. While small firms may not create full master budgets, nearly all create cash budgets due to their importance for managing liquidity and avoiding cash flow issues. Flexible budgets allow adjustment for changing activity levels and provide more accurate performance analysis than static budgets.
This document summarizes an investment banking technical interview workshop. It outlines the interview format, discusses the main valuation methods of discounted cash flow (DCF), public comparables, and precedent transactions. For each method, it provides an overview and the basic steps. It also includes sample technical questions and general interviewing tips.
This document discusses budgeting and provides definitions and explanations of key budgeting concepts. It begins with defining budgets and how they are used for planning and control. It then discusses the reasons for budgeting and types of budgets like the master budget, operating budget, and financial budget. The document also covers topics like how all budgets depend on the sales budget, how to account for biases in developing budgets, the use of flexible budgets, and activity-based budgeting.
This document discusses budgeting for planning and control. It defines budgets and how they are used for planning by quantifying organizational goals and strategies. Budgets are also used for control by setting standards, monitoring performance, and taking corrective actions. Reasons for budgeting include planning, decision making, evaluation, communication, and coordination. The master budget combines individual area and activity budgets, while operating budgets concern income generation and financial budgets concern cash flows. Sales forecasts inform sales budgets, and all other budgets depend on the sales budget. The learning curve impacts production, materials, labor, and overhead budgets. While small firms may not do full master budgeting, cash budgets are still important for monitoring cash flows.
The document discusses various techniques used for capital budgeting and investment project appraisal. It describes key capital budgeting techniques like accounting rate of return, internal rate of return, net present value, benefit-cost analysis. For each technique, it provides the method of calculation along with advantages and limitations. It also discusses the need, types, and structure of feasibility studies conducted to evaluate the technical, economic, financial, and commercial viability of new projects.
This document discusses the importance for product managers to have a solid understanding of financial concepts. It provides an overview of key financial terms and documents such as income statements, balance sheets, cash flow statements, and budgets. It emphasizes that understanding financial statements allows product managers to create budgets, analyze results, make decisions when projections are not met, and evaluate the financial performance of products. Overall, it argues that a working knowledge of finance leads to respect from cross-functional teams and management and helps product managers effectively manage their products and businesses.
Pace 2009 Effective Financial ManagementLinnea Blair
Presented at PACE 2009 Convention by Linnea Blair, Advisors On Target. Some information in this presentation is sourced from RAN ONE, Inc. Advisors On Target is a RAN ONE Business Advisor.
An annual budget is critical for business growth and should include projected expenses and income along with how expenses will be funded from income sources. The budget will need adjustments throughout the year to reflect reality. Before investing or spending, businesses should consider the likelihood and timing of returns. Increasing revenue can be done by adding complementary services or products, adjusting shipping charges, using coupons, and incentivizing sales partners. Reducing costs involves using VoIP phones, recycled printer cartridges, going paperless, using technology for meetings, and sharing resources with other small businesses. Profit is key, so managing costs and revenue is important.
This document discusses budgeting for planning and control. It defines budgets and how they are used for planning by quantifying organizational goals and strategies. Budgets are also used for control by setting standards, monitoring performance, and taking corrective actions. The document discusses components of the master budget such as sales, production, and financial budgets. It also discusses flexible and activity-based budgets and how they differ from traditional static master budgets.
This document discusses the relationship between IT departments and finance/accounting departments ("beancounters"). It acknowledges common beliefs that beancounters just want to restrict spending and don't understand technology. However, it argues that the reality is different: most companies are not primarily IT businesses, so business strategy should take precedence; finance has pressure to balance the books; and budgets will always be limited, so the goal is to do the most with available funds. It provides tips for IT departments to work effectively with finance, including having a clear IT strategy aligned with business goals, creating justified budgets and business cases for spending, and negotiating skillfully.
This document summarizes key points from a lecture on budgeting for planning and control. It addresses common questions about budgets, including definitions of different types of budgets like master budgets, operating budgets, and financial budgets. It discusses how budgets are used for planning by translating goals into quantitative plans, and for control by setting standards and providing feedback. Specific topics covered include the roles of sales forecasts and budgets, how budgets in different areas depend on the sales budget, and factors to consider when individual managers in charge of areas like sales or production are perceived to have optimistic or pessimistic tendencies. The document also contrasts traditional static master budgets with more flexible and activity-based budgets.
This document discusses various techniques for investment appraisal including accounting rate of return, payback period, net present value, and internal rate of return. It emphasizes considering both financial and non-financial factors when evaluating investments. Key factors mentioned include cash flow, risk, flexibility, and how investments can help achieve strategic objectives like expanding product lines or improving workforce skills. The document recommends accounting help for investment appraisal given its complexity and importance for business decision making.
Building a Financial Model That Actually WorksIntelligent_ly
Dan Allred and Matt Nichols provide a presentation on building an effective financial model for a startup. They discuss the importance of creating a bottoms up model that focuses on key drivers of revenue and costs. Their goals are to teach concepts for building the model, provide principles for assumptions, and equip attendees with a template. The presentation covers revenue, sales, marketing, and general cost assumptions and emphasizes comparing assumptions to historical data, public comparables, and creating clear narratives.
This document outlines the steps for planning an annual budget, including determining projected expenses and income. It discusses estimating expenses across six categories like salaries and supplies. It also provides steps to estimate income from sources like fundraising, fees, dues, and investments. The document stresses analyzing the budget by comparing expenses to income and knowing how to address surpluses or deficits. Regular review and revision of the budget are also recommended.
There's a reason why 6 out of 10 of the top performing hedge funds are quant firms, and on a typical trading day 90% of trades are made by computers . In the next decade quantitative investing will become THE way to invest. Don't get left behind, learn how to use algorithms to invest.
Traditional methods of security analysis - Fundamental Analysis Shreya Agnihotri
This document discusses various techniques for fundamental analysis of stocks. It describes examining a company's future earnings potential, economic well-being, and impacting factors. The objective is to value stocks compared to their price to determine if they are underpriced or overpriced. Some valuation metrics discussed include earnings per share, price-earnings ratio, dividend payout ratio, and discounted cash flow models. It also covers analyzing the overall economy and industries through factors like GDP, employment, inflation and more. The steps for industry analysis involve studying the industry life cycle and qualitative/quantitative factors. Fundamental analysis is distinguished from technical analysis, which uses historical stock price and volume data to identify trading opportunities.
Forecasting is the process of making statements about events whose actual outcomes have not yet been observed.
Example might be estimation of some variable of interest at some specified future date.
Prediction is a similar, but more general term. The data must be up to date in order for the forecast to be as accurate as possible
The document discusses various types of budgets including master budgets, operating budgets, financial budgets, sales budgets, cash budgets, flexible budgets, and activity-based budgets. It explains that a master budget includes all other financial budgets as well as a budgeted income statement and balance sheet. Operating budgets show projected revenue and expenses, while financial budgets project short-term and long-term incomes and outflows. Sales budgets are important as all other budgets are based on the sales budget. Cash budgets can protect companies from cash flow issues. Flexible budgets show costs for varying activity levels and can be constructed for actual activity levels for control purposes. Activity-based budgets determine resources needed to create output by working backward from activities and their drivers.
This document provides an overview of financial forecasting and planning methods. It discusses what financial forecasting is, its importance, and key aspects involved like economic assumptions, sales forecasts, and financing plans. Two categories of forecasting methods are described: qualitative methods like executive opinion and sales force polling, and quantitative methods such as regression analysis, time series analysis, and proforma financial analysis. Specific techniques involved in these different methods are explained, such as using cost ratios in the percentage of sales and budgeted expense approaches to creating proforma income statements.
Hotel's Budgeting and Variance Analysis By Dino LeonandriDINOLEONANDRI
This document discusses budgeting and variance analysis. It defines an operating budget as a business plan converted to monetary terms that forecasts revenue and expenses. Budgets help provide estimates, goals, and a basis for control by comparing actual results to plans. The document outlines different types of budgets including operations, capital, departmental, cash, and master budgets. It defines variance as the difference between budgeted and actual amounts, and can be favorable or unfavorable. Variance analysis is used to determine the causes of differences by examining factors like higher or lower than expected prices or sales quantities.
This document provides an overview of key concepts in project management. It discusses the importance of project management given past project failure rates. The four key elements of successful projects are identified as people, product, process, and project. Stakeholders such as managers, practitioners, customers, and end-users are introduced. Effective leadership requires motivating people and providing organization and ideas. Defining success and failure metrics is important for project tracking. Scheduling, planning, and creating schedules are essential project management tasks.
This document discusses various concepts related to project management and scheduling. It begins by explaining the importance of project management and defining the four Ps of project management - people, product, process, and project. It then discusses stakeholders and their roles, and the roles and responsibilities of a project leader/manager. The document provides guidance on scheduling tasks, defining dependencies, leveling resources, and using tools like Gantt charts. It also discusses concepts like the critical path and slack. Overall, the document provides a high-level overview of key project management and scheduling concepts.
The document discusses the importance of processes over tools in managing projects successfully. It states that while tools are needed, processes are what integrate the key aspects of cost, schedule, and technical performance. credible processes that consider uncertainties are needed to apply tools and information effectively. The document argues that processes guide people in developing solutions, while tools only provide data and it is the processes that provide the meaningful information to manage projects.
This document summarizes an investment banking technical interview workshop. It outlines the interview format, discusses the main valuation methods of discounted cash flow (DCF), public comparables, and precedent transactions. For each method, it provides an overview and the basic steps. It also includes sample technical questions and general interviewing tips.
This document discusses budgeting and provides definitions and explanations of key budgeting concepts. It begins with defining budgets and how they are used for planning and control. It then discusses the reasons for budgeting and types of budgets like the master budget, operating budget, and financial budget. The document also covers topics like how all budgets depend on the sales budget, how to account for biases in developing budgets, the use of flexible budgets, and activity-based budgeting.
This document discusses budgeting for planning and control. It defines budgets and how they are used for planning by quantifying organizational goals and strategies. Budgets are also used for control by setting standards, monitoring performance, and taking corrective actions. Reasons for budgeting include planning, decision making, evaluation, communication, and coordination. The master budget combines individual area and activity budgets, while operating budgets concern income generation and financial budgets concern cash flows. Sales forecasts inform sales budgets, and all other budgets depend on the sales budget. The learning curve impacts production, materials, labor, and overhead budgets. While small firms may not do full master budgeting, cash budgets are still important for monitoring cash flows.
The document discusses various techniques used for capital budgeting and investment project appraisal. It describes key capital budgeting techniques like accounting rate of return, internal rate of return, net present value, benefit-cost analysis. For each technique, it provides the method of calculation along with advantages and limitations. It also discusses the need, types, and structure of feasibility studies conducted to evaluate the technical, economic, financial, and commercial viability of new projects.
This document discusses the importance for product managers to have a solid understanding of financial concepts. It provides an overview of key financial terms and documents such as income statements, balance sheets, cash flow statements, and budgets. It emphasizes that understanding financial statements allows product managers to create budgets, analyze results, make decisions when projections are not met, and evaluate the financial performance of products. Overall, it argues that a working knowledge of finance leads to respect from cross-functional teams and management and helps product managers effectively manage their products and businesses.
Pace 2009 Effective Financial ManagementLinnea Blair
Presented at PACE 2009 Convention by Linnea Blair, Advisors On Target. Some information in this presentation is sourced from RAN ONE, Inc. Advisors On Target is a RAN ONE Business Advisor.
An annual budget is critical for business growth and should include projected expenses and income along with how expenses will be funded from income sources. The budget will need adjustments throughout the year to reflect reality. Before investing or spending, businesses should consider the likelihood and timing of returns. Increasing revenue can be done by adding complementary services or products, adjusting shipping charges, using coupons, and incentivizing sales partners. Reducing costs involves using VoIP phones, recycled printer cartridges, going paperless, using technology for meetings, and sharing resources with other small businesses. Profit is key, so managing costs and revenue is important.
This document discusses budgeting for planning and control. It defines budgets and how they are used for planning by quantifying organizational goals and strategies. Budgets are also used for control by setting standards, monitoring performance, and taking corrective actions. The document discusses components of the master budget such as sales, production, and financial budgets. It also discusses flexible and activity-based budgets and how they differ from traditional static master budgets.
This document discusses the relationship between IT departments and finance/accounting departments ("beancounters"). It acknowledges common beliefs that beancounters just want to restrict spending and don't understand technology. However, it argues that the reality is different: most companies are not primarily IT businesses, so business strategy should take precedence; finance has pressure to balance the books; and budgets will always be limited, so the goal is to do the most with available funds. It provides tips for IT departments to work effectively with finance, including having a clear IT strategy aligned with business goals, creating justified budgets and business cases for spending, and negotiating skillfully.
This document summarizes key points from a lecture on budgeting for planning and control. It addresses common questions about budgets, including definitions of different types of budgets like master budgets, operating budgets, and financial budgets. It discusses how budgets are used for planning by translating goals into quantitative plans, and for control by setting standards and providing feedback. Specific topics covered include the roles of sales forecasts and budgets, how budgets in different areas depend on the sales budget, and factors to consider when individual managers in charge of areas like sales or production are perceived to have optimistic or pessimistic tendencies. The document also contrasts traditional static master budgets with more flexible and activity-based budgets.
This document discusses various techniques for investment appraisal including accounting rate of return, payback period, net present value, and internal rate of return. It emphasizes considering both financial and non-financial factors when evaluating investments. Key factors mentioned include cash flow, risk, flexibility, and how investments can help achieve strategic objectives like expanding product lines or improving workforce skills. The document recommends accounting help for investment appraisal given its complexity and importance for business decision making.
Building a Financial Model That Actually WorksIntelligent_ly
Dan Allred and Matt Nichols provide a presentation on building an effective financial model for a startup. They discuss the importance of creating a bottoms up model that focuses on key drivers of revenue and costs. Their goals are to teach concepts for building the model, provide principles for assumptions, and equip attendees with a template. The presentation covers revenue, sales, marketing, and general cost assumptions and emphasizes comparing assumptions to historical data, public comparables, and creating clear narratives.
This document outlines the steps for planning an annual budget, including determining projected expenses and income. It discusses estimating expenses across six categories like salaries and supplies. It also provides steps to estimate income from sources like fundraising, fees, dues, and investments. The document stresses analyzing the budget by comparing expenses to income and knowing how to address surpluses or deficits. Regular review and revision of the budget are also recommended.
There's a reason why 6 out of 10 of the top performing hedge funds are quant firms, and on a typical trading day 90% of trades are made by computers . In the next decade quantitative investing will become THE way to invest. Don't get left behind, learn how to use algorithms to invest.
Traditional methods of security analysis - Fundamental Analysis Shreya Agnihotri
This document discusses various techniques for fundamental analysis of stocks. It describes examining a company's future earnings potential, economic well-being, and impacting factors. The objective is to value stocks compared to their price to determine if they are underpriced or overpriced. Some valuation metrics discussed include earnings per share, price-earnings ratio, dividend payout ratio, and discounted cash flow models. It also covers analyzing the overall economy and industries through factors like GDP, employment, inflation and more. The steps for industry analysis involve studying the industry life cycle and qualitative/quantitative factors. Fundamental analysis is distinguished from technical analysis, which uses historical stock price and volume data to identify trading opportunities.
Forecasting is the process of making statements about events whose actual outcomes have not yet been observed.
Example might be estimation of some variable of interest at some specified future date.
Prediction is a similar, but more general term. The data must be up to date in order for the forecast to be as accurate as possible
The document discusses various types of budgets including master budgets, operating budgets, financial budgets, sales budgets, cash budgets, flexible budgets, and activity-based budgets. It explains that a master budget includes all other financial budgets as well as a budgeted income statement and balance sheet. Operating budgets show projected revenue and expenses, while financial budgets project short-term and long-term incomes and outflows. Sales budgets are important as all other budgets are based on the sales budget. Cash budgets can protect companies from cash flow issues. Flexible budgets show costs for varying activity levels and can be constructed for actual activity levels for control purposes. Activity-based budgets determine resources needed to create output by working backward from activities and their drivers.
This document provides an overview of financial forecasting and planning methods. It discusses what financial forecasting is, its importance, and key aspects involved like economic assumptions, sales forecasts, and financing plans. Two categories of forecasting methods are described: qualitative methods like executive opinion and sales force polling, and quantitative methods such as regression analysis, time series analysis, and proforma financial analysis. Specific techniques involved in these different methods are explained, such as using cost ratios in the percentage of sales and budgeted expense approaches to creating proforma income statements.
Hotel's Budgeting and Variance Analysis By Dino LeonandriDINOLEONANDRI
This document discusses budgeting and variance analysis. It defines an operating budget as a business plan converted to monetary terms that forecasts revenue and expenses. Budgets help provide estimates, goals, and a basis for control by comparing actual results to plans. The document outlines different types of budgets including operations, capital, departmental, cash, and master budgets. It defines variance as the difference between budgeted and actual amounts, and can be favorable or unfavorable. Variance analysis is used to determine the causes of differences by examining factors like higher or lower than expected prices or sales quantities.
This document provides an overview of key concepts in project management. It discusses the importance of project management given past project failure rates. The four key elements of successful projects are identified as people, product, process, and project. Stakeholders such as managers, practitioners, customers, and end-users are introduced. Effective leadership requires motivating people and providing organization and ideas. Defining success and failure metrics is important for project tracking. Scheduling, planning, and creating schedules are essential project management tasks.
This document discusses various concepts related to project management and scheduling. It begins by explaining the importance of project management and defining the four Ps of project management - people, product, process, and project. It then discusses stakeholders and their roles, and the roles and responsibilities of a project leader/manager. The document provides guidance on scheduling tasks, defining dependencies, leveling resources, and using tools like Gantt charts. It also discusses concepts like the critical path and slack. Overall, the document provides a high-level overview of key project management and scheduling concepts.
The document discusses the importance of processes over tools in managing projects successfully. It states that while tools are needed, processes are what integrate the key aspects of cost, schedule, and technical performance. credible processes that consider uncertainties are needed to apply tools and information effectively. The document argues that processes guide people in developing solutions, while tools only provide data and it is the processes that provide the meaningful information to manage projects.
The document provides advice for junior developers on important technical skills and interpersonal skills to learn. It recommends learning version control systems like Git and getting familiar with common data structures, algorithms, and computer science fundamentals. The document emphasizes the importance of strong communication skills for writing clear code. It also encourages developers to get involved in local coding communities and open source projects to expand their networks and portfolios.
There’s a huge disconnect between the business world and the engineering world that drives our software projects into the ground. We rewrite our software over and over again, not because we lack the engineering skills to build great software, but because we fail to communicate, make decisions in ignorance, and don’t adapt when our current strategy is obviously failing.
What if we could measure the indirect costs of pain building up on a software project? What if we could measure the loss of productivity, the escalating costs and risks, and could steer our projects with a data-driven feedback loop?
Visibility changes everything. With visibility, we can bridge the gap between the business world and the engineering world, and get everyone pulling the same direction.
Find out how you can:
1. Identify the biggest causes of productivity loss on your software project
2. Translate the world of developer pain into explicit costs and risks
3. Collaborate with other industry professionals in the art of data-driven software mastery
Let's break down the challenges and learn our way to success, one small victory at a time.
Speaker: Janelle Klein
Janelle is a NFJS Tour Speaker and author of the book, Idea Flow: How to Measure the PAIN in Software Development: a modern strategy for systematically optimizing software productivity with a data-driven feedback loop.
The document discusses key aspects of agile methodology including Scrum, the Agile Manifesto, and roles in a Scrum team. It covers Scrum ceremonies like the daily scrum, sprint planning, sprint review, and retrospective. It also describes the responsibilities of the product owner, Scrum master, and development team in maintaining the backlog, solving issues, and delivering working software. Timeboxes, estimation techniques, and using a Kanban board to track work are also summarized.
The Junior Developer Survival Guide - GDI Ann Arbor 2/10/15James York
Are you new to the professional world of software development? Do you have new developers on your team? Are you wondering why college and the School of Hard Knocks did such a bad job preparing you to be a functional member of a high-performing team? Take some advice from a junior dev who has walked the path and learn to avoid rookie mistakes. Learn the skills employers value and how to get them. We will discuss quick return actions that can be undertaken immediately, as well as long term, slow-burn investments in your career. This session will focus on technical and interpersonal advice to help make your first job search, entry-level hire, and first year as a developer go smoothly. A great career won’t just fall into your lap. It takes dedication, skill, persistence, and more than a little luck. Happily, we make our own luck.
Rhok 101 for change makers - with an agile flavourCaoilte Dunne
This document provides an overview of Agile development principles and how they can be applied within the context of a hackathon event called RHoK. Some key points:
- User stories are used to break down features into small, testable chunks of work that provide customer value. Stories flow through development sprints.
- An Agile approach emphasizes collaboration, adaptation to change, working software over documentation, and responding to feedback. This approach fits the short timeframes of RHoK events.
- Teams at RHoK will self-organize around user stories to build a "minimum viable change" by the end of the hackathon weekend. Progress is tracked using a tool like Trello.
The document discusses various frameworks, techniques, and tools for improving personal productivity as a developer. It covers productivity frameworks like GTD (Getting Things Done), Agile, and Pomodoro. It also discusses techniques like checklists, avoiding distractions, and outsourcing tasks. Finally, it provides examples of tools that can help with tasks like organization, collaboration, and implementing productivity frameworks. The goal is to help developers improve their personal productivity through established frameworks, proven techniques, and useful tools.
Agile in Action - Agile Overview for DevelopersMatt Cowell
Excerpt from a presentation I gave to the University of Alabama Association for Computing Machinery in November 2010. I wanted to give the students a practical overview of Agile and Scrum and give them some perspective on what Agile means for developers.
Rejuvenating Agile Operations By Putting Lead And Cycle Time Front And Centre.Zan Kavtaskin
Agile methodologies such as Scrum, Extreme Programming and DSDM emerged in the 1990s and most of them were inspired by the Lean Manufacturing movement. While Lean Manufacturing focuses on increasing value and reducing cycle time, work in progress and lead time, Agile methodologies tend to focus on methods. Over the past few decades these methods became dogmatic, businesses struggle to align these methods with their goals and practitioners become disenchanted when they run out of Agile methods to increase delivery speed.
During this presentation Zan will present some of his research and show how it is possible to amalgamate Agile methods, Lean Manufacturing and Data Science to get your business back on track.
See the full analysis here:
https://medium.com/@zankavtaskin/list/research-rejuvenating-agile-operations-by-putting-lead-and-cycle-time-front-and-centre-766cc7993007
The Three Pillars of Continuous Delivery - Boston Continuous Delivery EventXebiaLabs
The document discusses the three pillars of continuous delivery: culture, practices, and tooling. It argues that culture is expressed through practices, which are carried out using tooling. However, many organizations initially focus on tooling and practices before establishing a supportive culture. The document recommends starting with easily implementable tooling to demonstrate quick wins, and then focusing on developing practices and culture over time to sustain continuous delivery efforts.
This document provides an overview of Agile software development. It begins by defining Agile as a project management process that encourages frequent inspection and adaptation. It then discusses some common Agile practices like Scrum and eXtreme Programming. The Agile Manifesto values individuals and interactions, working software, customer collaboration, and responding to change. Finally, it provides advice for different roles on how Agile can benefit them and their work.
The document discusses the concept of good performance from a customer's perspective. It summarizes that customer perception of application performance is determined by the product's usability, scalability, robustness, and support/supportability. The document then breaks down usability into more specific factors that impact customer experience, such as embarrassment over slow operations, intuitiveness of the user interface, and frustration over simple problems not being addressed. It stresses that performance must be evaluated from the viewpoint of the end user and application administrator.
The document discusses alternatives to estimates in software development called "#NoEstimates". It argues that estimates are unreliable due to uncertainty and human biases. Estimates promote cost-focused mindsets that hinder adaptation. Instead, the document advocates for iterative development styles that involve continuous feedback, slicing work into small increments, and technical excellence. It promotes agile practices like story mapping, tight feedback loops, and refactoring to support responsive, collaborative development aligned with customer needs over rigid pre-planning.
Mars Climate Orbiter went in to orbit at 57km above Mars instead of 150km.
It was completely destroyed.
Cause: some navigation calculations performed in Imperial units (pound-seconds) and some in metric units (newton-seconds).
We get this question a lot, and being open and transparent we’d like to address it. We have identified four areas that in all probability may create great difficulty for everyone who is trying to build and launch one’s own magazine app.
Read all about at: http://blog.presspadapp.com/what-it-would-be-like-to-build-a-system-for-publishing-magazines-on-mobile-devices/
From Chaos to Confidence: DevOps at LeanKitJon Terry
This document outlines LeanKit's product development operating model, which aims to transition the organization from chaos to confidence. Key elements of the model include using Kanban and cadences to visualize and limit work-in-progress, organizing teams into squads and guilds for autonomous delivery, and holding regular meetings like tribal councils and architecture committees. The model emphasizes continuous delivery of value through deploying increments every 5 days, measuring outcomes, and improving collaboratively.
This document discusses financial planning and analysis (FP&A), including what FP&A is, where it fits in an organization, typical education and skills needed, common reports and techniques used, and the future of the field. It provides examples of monthly budget reports for revenue and cost of goods sold for a company, including line items for sales, discounts, returns, expenses, variances, and more. It also lists typical FP&A data and reports such as trial balances, budgets, cash flow projections, business models, and reconciliations.
IRS Tax Problems Relief
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The document discusses various aspects of budgets, forecasts, and planning. It provides definitions of key terms like budget, forecast, and plan. It also describes different forecasting techniques and the requirements for a budgeting expert. Overall, the document emphasizes that budgets and forecasts are dynamic management tools that require input from various sources to aid in planning, monitoring, and decision making.
Cost accounting provides essential information for making cost-based business decisions through the use of costing systems, standard costs, and variance analysis. Standard costs establish planned or budgeted costs that are used for accounting purposes, with variances tracking differences between actual and standard costs. This highlights whether actual costs were higher or lower than planned costs. Analyzing variances reveals reasons for cost deviations so corrective actions can be taken to improve cost management. Maintaining inventory records and applying appropriate costing methods, like first-in-first-out and last-in-first-out, ensures accurate assignment of costs to products and services.
This document provides instructions for using Excel to organize an individual's financial records from bank statements into a simple accounting system called "The Shoebox". The key steps are to:
1. Enter bank statement transaction data into Excel by downloading, scanning, or manually typing.
2. Add columns for coding transactions by payee and sorting transactions into groups. Bulk coding can be used to quickly code similar transactions.
3. Create a comprehensive list of codes used and sort them.
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IFRS 9 introduces major changes to the accounting for financial instruments. This document provides an overview of Session 1 of a two-day training on IFRS 9. Session 1 covers definitions of key terms like assets and financial assets. It discusses the objectives and scope of IFRS 9. It also provides context on the development of IFRS 9 and differences from US GAAP. The session aims to introduce fundamental concepts in IFRS 9 and signal the significant changes it will bring to accounting for financial instruments.
The INDEX function in Excel allows you to extract values or references from within an array or table range. INDEX takes an array as the first argument, and row and column numbers as the second and third arguments to return the value from that position. INDEX can be used with cell references and calculations for the row and column arguments. It is also used with SUMIFS to sum values that meet multiple criteria from different columns in a range.
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Introduction
Have you ever dreamed of turning your innovative idea into a thriving business? Starting a company involves numerous steps and decisions, but don't worry—we're here to help. Whether you're exploring how to start a startup company or wondering how to start up a small business, this guide will walk you through the process, step by step.
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11. A common problem = timelines and time estimates
How long is a piece of string?
Answer:
12. A common problem = timelines and time estimates
How long is a piece of string?
Answer:
- it depends!
13. A common problem = timelines and time estimates
The future = a cone of uncertainty
How long is a piece of string?
Answer:
- it depends!
Future
2013
40. 2. Next level
3. Repeat
1. Start
4. Next level
5. Repeat
n. Etcetera
41.
42. Mature >> Been around for a bit
– means initial bugs are fixed?
- Service packs?
43. Mature >> Been around for a bit
– means initial bugs are fixed?
- Service packs?
Immature >> Unproven
– means initial bugs are not fixed?
- Service packs?
52. Pregnancy?
The pregnancy myth:
If it takes 1 woman to produce 1 baby in 9
months
How may women will it take to produce a
baby in 1 month
53. Pregnancy?
The pregnancy myth:
If it takes 1 woman to produce 1 baby in 9
months
How may women will it take to produce a
baby in 1 month
Hint: The answer is not = 9
55. Add more people = lengthen time
Effort of coordination (see Airbus 380 & Boeing 787)
Number of Lines of communication increases effort
56. Add more people = lengthen time
Effort of coordination (see Airbus 380 & Boeing 787)
Number of Lines of communication increases effort
Formula: (n is # workers)
Lines of communication = n(n-1)/2
57. Add more people = lengthen time
Effort of coordination (see Airbus 380 & Boeing 787)
Number of Lines of communication increases effort
3 workers require 3 x as much pairwise
communication as 2: 3(3-1)/2 = 3
Formula: (n is # workers)
Lines of communication = n(n-1)/2
1 2
3
58. Add more people = lengthen time
Effort of coordination (see Airbus 380 & Boeing 787)
Number of Lines of communication increases effort
3 workers require 3 x as much pairwise
communication as 2: 3(3-1)/2 = 3
Formula: (n is # workers)
Lines of communication = n(n-1)/2
4 workers require 6 x as much pairwise
communication as 2 4(4-1)/2 = 6
1 2
3
1 2
3 4
61. Brooks Laws -
Adding manpower to a late software project
makes it later
Difference in productivity between a high and
low performer is an order of magnitude
62. Brooks Laws -
Adding manpower to a late software project
makes it later
Difference in productivity between a high and
low performer is an order of magnitude
No correlation between years of experience
and performance
64. Consequences -
What does the system allow you to omit
and what are the adverse consequences?
If adverse consequences could be foreseen
they would be avoided in the 1st place
65. How to correct errors
When developing software, correction of errors has to
be considered. This is often left out.
It’s not can go wrong
Its something goes wrong, how can it be fixed
what
when
66. How to correct errors
When developing software, correction of errors has to
be considered. This is often left out.
It’s not can go wrong
Its something goes wrong, how can it be fixed
what
when
Most famous last words: I’ve just fixed the last bug
69. Correcting errors
Restoring from backup
- should not be considered an acceptable
‘normal’ procedure
Bug fixes:
- the number of fixes means NOTHING
70. Weaknesses in the procedures?
When developing software:
- the new system should include internal
controls
- designed to facilitate checking and
reconciliations
Examples:
subledger balances
external accounts
77. Documentation (for users)
– you have to seed - it does not yet exist
– is an integral part of development
– Counter argument = Microsoft ‘help’ files are no
longer very good (they rely on the iNet)
– is it any good? – customers (this means your users)
want/need it
80. Beware Paperless ! ! !
Dangers of paperless
Without paper to help a project you still need:
81. Beware Paperless ! ! !
Dangers of paperless
Without paper to help a project you still need:
Objectives & Policies
82. Beware Paperless ! ! !
Dangers of paperless
Without paper to help a project you still need:
Objectives & Policies
Specifications / Define the product
83. Beware Paperless ! ! !
Dangers of paperless
Without paper to help a project you still need:
Objectives & Policies
Specifications / Define the product
Schedule / Timeline
84. Beware Paperless ! ! !
Dangers of paperless
Without paper to help a project you still need:
Objectives & Policies
Specifications / Define the product
Schedule / Timeline
Budget / Cash flow projection / Forecast
85. Beware Paperless ! ! !
Dangers of paperless
Without paper to help a project you still need:
Objectives & Policies
Specifications / Define the product
Schedule / Timeline
Budget / Cash flow projection / Forecast
Org chart
101. – is it an integral part of development
– when will a project be effectively complete?
– Note: you don’t get a warranty
Ask:
102. – is it an integral part of development
– when will a project be effectively complete?
– Note: you don’t get a warranty
PS - you also have to fix your own bugs
Ask:
105. Typically 40% of cost is incurred after RTM
New bugs are discovered as users ‘push’ the
boundaries of the product
106. Typically 40% of cost is incurred after RTM
Every ‘fix’ is an opportunity for a new bug
New bugs are discovered as users ‘push’ the
boundaries of the product
107. Typically 40% of cost is incurred after RTM
Every ‘fix’ is an opportunity for a new bug
New bugs are discovered as users ‘push’ the
boundaries of the product
Bug fixes are typically not performed by the
development team
108. Typically 40% of cost is incurred after RTM
Every ‘fix’ is an opportunity for a new bug
New bugs are discovered as users ‘push’ the
boundaries of the product
Bug fixes are typically not performed by the
development team
Bug fix testing is not usually comprehensive
111. Enhancements and Add-ons
Are we
finished
yet?
– is an ongoing process
– when is a project complete >> decision EG RTM
112. Enhancements and Add-ons
– After RTM >>
service packs, bug fixes and revisions
Are we
finished
yet?
– is an ongoing process
– when is a project complete >> decision EG RTM
114. Redesign becomes necessary
– worn out as a basis for progress
– out-of-date architecture needs a restart
– more features = more opportunities for bugs
115. Redesign becomes necessary
New technology = new opportunity for excellence
– worn out as a basis for progress
– out-of-date architecture needs a restart
– more features = more opportunities for bugs
116. Redesign becomes necessary
New technology = new opportunity for excellence
– worn out as a basis for progress
– out-of-date architecture needs a restart
– more features = more opportunities for bugs
You can only exploit the life-cycle for so long then
you need to start over
117. Redesign becomes necessary
New technology = new opportunity for excellence
– worn out as a basis for progress
– out-of-date architecture needs a restart
– more features = more opportunities for bugs
You can end up with a 1 size fits all but fits no one
eg Tablets, Laptops and PDAs
You can only exploit the life-cycle for so long then
you need to start over
118. C. S. Lewis – the key to history
“The idea is excellent,
energy brings success,
then some fatal flaw comes to the top
and things start to go wrong
and breaks down”
“Then is the time for a redesign & restart”
119. Building vs Maintaining
Building reduces disorder (entropy)
Maintaining increases disorder (entropy)
entropy >> disorder
metastable >> dependent on stable conditions
A system is only metastable – it will survive only
as long as the context or environment
122. All systems have a life span
Engine type
War type Vietnam, Iraq
Water, Oil, Electric
123. All systems have a life span
Engine type
War type
Books Paper, Electronic
Vietnam, Iraq
Water, Oil, Electric
124. All systems have a life span
Engine type
War type
Books
Travel methods Road, Rail, Plane, Rocket
Paper, Electronic
Vietnam, Iraq
Water, Oil, Electric
125. All systems have a life span
Engine type
War type
Books
Travel methods
Education methods Schools, Books, Internet
Road, Rail, Plane, Rocket
Paper, Electronic
Vietnam, Iraq
Water, Oil, Electric
126. All systems have a life span
Engine type
War type
Books
Travel methods
Education methods
Growing food Farming, Manufacture
Schools, Books, Internet
Road, Rail, Plane, Rocket
Paper, Electronic
Vietnam, Iraq
Water, Oil, Electric
127. All systems have a life span
Engine type
War type
Books
Travel methods
Education methods
Growing food
Medical methods Pills, Robotic surgery
Farming, Manufacture
Schools, Books, Internet
Road, Rail, Plane, Rocket
Paper, Electronic
Vietnam, Iraq
Water, Oil, Electric
128. All systems have a life span
Engine type
War type
Books
Travel methods
Education methods
Growing food
Medical methods
Entertainment Movies, DVD, VHS
Pills, Robotic surgery
Farming, Manufacture
Schools, Books, Internet
Road, Rail, Plane, Rocket
Paper, Electronic
Vietnam, Iraq
Water, Oil, Electric
135. Environment (PETS)
Political
Economic
Technical
Social
Social progress means Women CPAs
You cannot change these
– you have to adapt
– or die!
Are you old enough to
remember
when a 45 was not a gun?
China needs to change its politics
Apple, PC, PDA, Cellphones
The economy brings opportunity for reverse mortgages
136. In sync with other systems
Note: ETL is a new buzzword for Extract, Transform, Load &
is a formal name for synch’ing data (+ loading)
The law of unexpected
consequences
Remember the
law of
unexpected
consequences
Expect the
unexpected
The law of unexpected
consequences
Get
real
Be careful what
you wish for
– Some caveats >>
138. Complexity
Reference: Evolution of a programmingsystems product-Alan Brooks
Complexity tends to increase by the
‘square’ of the increase # layers
Double
Double again
= now quadrupled
The law of
unexpected
consequence
s
One Task
The law of
unexpected
consequence
s
Task
The law of
unexpected
consequence
s
Task
The law of
unexpected
consequence
s
One Task
The law of
unexpected
consequence
s
One Task
The law of
unexpected
consequence
s
One Task
The law of
unexpected
consequence
s
Task
149. Statistics of success
Although there is no ‘normal statistic, the % of
project failure is very big
Example: Paper entitled
“101 Common Cause of Project Failure”
150. Statistics of success
Although there is no ‘normal statistic, the % of
project failure is very big
Example: Paper entitled
“101 Common Cause of Project Failure”
152. Examples of Failed Projects (1)
Boeing 787
3 years late
Reason:
Budget:
Time:
153. Examples of Failed Projects (1)
Boeing 787
3 years late
Reason:
Budget:
Time:
$12b ---> $18b
154. Examples of Failed Projects (1)
Boeing 787
3 years late
Reason:
Budget:
Time:
$12b ---> $18b
Complexity due to Outsourcing
155. Examples of Failed Projects (1)
Boeing 787
3 years late
Reason:
Budget:
Time:
$12b ---> $18b
Complexity due to Outsourcing
156. Examples of Failed Projects (2)
Time:
Airbus 380
Budget:
Reason for Failure:
157. Examples of Failed Projects (2)
Time:
Airbus 380
Budget:
Reason for Failure:
2 years late
158. Examples of Failed Projects (2)
Time:
Airbus 380
Budget:
Reason for Failure:
2 years late
$6b over
159. Examples of Failed Projects (2)
Time:
Airbus 380
Budget:
Reason for Failure:
1. 16 design centers
2 years late
$6b over
160. Examples of Failed Projects (2)
Time:
Airbus 380
Budget:
Reason for Failure:
1. 16 design centers
2. CAD drawings resulted in short cables (3”)
2 years late
$6b over
161. Examples of Failed Projects (2)
Time:
Airbus 380
Budget:
Reason for Failure:
1. 16 design centers
3. German vs French management
2. CAD drawings resulted in short cables (3”)
2 years late
$6b over
162. Examples of Failed Projects (2)
Time:
Airbus 380
Budget:
Reason for Failure:
1. 16 design centers
3. German vs French management
2. CAD drawings resulted in short cables (3”)
2 years late
$6b over
164. Examples of Failed Projects (3)
California State Payroll System
Budget = $250million
165. Examples of Failed Projects (3)
California State Payroll System
Budget = $250million
Project abandoned Feb 2013
166. Examples of Failed Projects (3)
California State Payroll System
Budget = $250million
Project abandoned Feb 2013
Reason for Failure = Don’t know (FUBAR?)
167. Examples of Failed Projects (4)
Project started 2005
Reasons for Failure =
US Airforce: Oracle:
ECSS (US Airforce Oracle ERP system)
Budget =
168. Examples of Failed Projects (4)
Project started 2005
Reasons for Failure =
US Airforce: Oracle:
ECSS (US Airforce Oracle ERP system)
Abandoned Nov 2012
Budget =
169. Examples of Failed Projects (4)
Project started 2005
Reasons for Failure =
US Airforce: Oracle:
ECSS (US Airforce Oracle ERP system)
Don’t know but $1b spent
Abandoned Nov 2012
Budget =
170. Examples of Failed Projects (4)
Project started 2005
Reasons for Failure =
US Airforce: Oracle:
Lack of: Planning
Acquisition Strategy
Infrastructure
ECSS (US Airforce Oracle ERP system)
Don’t know but $1b spent
Abandoned Nov 2012
Budget =
171. Examples of Failed Projects (4)
Project started 2005
Reasons for Failure =
US Airforce: Oracle:
Lack of: Planning
Acquisition Strategy
Infrastructure
Over 2000 design flaws
below requirements
ECSS (US Airforce Oracle ERP system)
Don’t know but $1b spent
Abandoned Nov 2012
Budget =
175. Strategy for success
Be realistic
Define and Set achievable goals, milestones, measure and
assess progress
– use common sense
176. Strategy for success
Be realistic
Define and Set achievable goals, milestones, measure and
assess progress – make it happen!
– use common sense
177. Strategy for success
Be realistic
Plan, Motivate, Coordinate, Control
Define and Set achievable goals, milestones, measure and
assess progress – make it happen!
– use common sense
178. Strategy for success
Be realistic
Plan, Motivate, Coordinate, Control
Define and Set achievable goals, milestones, measure and
assess progress
- John Wayne was NOT a manager
– make it happen!
– use common sense
179. Strategy for success
Be realistic
Structure your effort
Plan, Motivate, Coordinate, Control
Define and Set achievable goals, milestones, measure and
assess progress
- John Wayne was NOT a manager
– make it happen!
– use common sense
180. Strategy for success
Be realistic
Structure your effort
Plan, Motivate, Coordinate, Control
Define and Set achievable goals, milestones, measure and
assess progress
- John Wayne was NOT a manager
– beware the complex!
– make it happen!
– use common sense
181. Strategy for success
Don’t bite off more than you can chew or you will choke
Be realistic
Structure your effort
Plan, Motivate, Coordinate, Control
Define and Set achievable goals, milestones, measure and
assess progress
- John Wayne was NOT a manager
– beware the complex!
– make it happen!
– use common sense
182. Strategy for success
Don’t bite off more than you can chew or you will choke
Be realistic
Structure your effort
Plan, Motivate, Coordinate, Control
Define and Set achievable goals, milestones, measure and
assess progress
- John Wayne was NOT a manager
– beware the complex!
– make it happen!
– use common sense
– low hanging fruit first
183. Strategy for success
Don’t bite off more than you can chew or you will choke
Be realistic
Structure your effort
Plan, Motivate, Coordinate, Control
Define and Set achievable goals, milestones, measure and
assess progress
- John Wayne was NOT a manager
– beware the complex!
– make it happen!
– use common sense
– low hanging fruit first
– divide and conquer
188. Fun-rules of Project management
Nothing is impossible – for the person who doesn’t have to do it
189. Fun-rules of Project management
Nothing is impossible – for the person who doesn’t have to do it
A problem shared is the buck passed
190. Fun-rules of Project management
Nothing is impossible – for the person who doesn’t have to do it
The bitterness of poor quality outlasts
the sweetness of meeting the deadline
A problem shared is the buck passed
191. Fun-rules of Project management
Nothing is impossible – for the person who doesn’t have to do it
There are no good project managers – only lucky ones
The bitterness of poor quality outlasts
the sweetness of meeting the deadline
A problem shared is the buck passed
192. Fun-rules of Project management
Everyone requests a strong leader
– when they get one they don’t want him
Nothing is impossible – for the person who doesn’t have to do it
There are no good project managers – only lucky ones
The bitterness of poor quality outlasts
the sweetness of meeting the deadline
A problem shared is the buck passed
193. Fun-rules of Project management
Everyone requests a strong leader
– when they get one they don’t want him
Nothing is impossible – for the person who doesn’t have to do it
There are no good project managers – only lucky ones
The bitterness of poor quality outlasts
the sweetness of meeting the deadline
A problem shared is the buck passed
Projects would not started if
the truth had been told about time and cost
194. Fun-rules of Project management (2)
Bad planning, project time = 3x expected
Good planning, project time = 2x expected
195. Fun-rules of Project management (2)
Bad planning, project time = 3x expected
Good planning, project time = 2x expected
If nothing can possible go wrong – it will
196. Fun-rules of Project management (2)
Bad planning, project time = 3x expected
Good planning, project time = 2x expected
Future dates on a calendar are closer then they appear to be
If nothing can possible go wrong – it will
197. Fun-rules of Project management (2)
Bad planning, project time = 3x expected
Good planning, project time = 2x expected
Activity is not achievement
Future dates on a calendar are closer then they appear to be
If nothing can possible go wrong – it will
198. Fun-rules of Project management (2)
The person who says it will take the longest and cost the most is the
only one who knows what he is talking about but he will not be chosen
Bad planning, project time = 3x expected
Good planning, project time = 2x expected
Activity is not achievement
Future dates on a calendar are closer then they appear to be
If nothing can possible go wrong – it will
199. Fun-rules of Project management (2)
The person who says it will take the longest and cost the most is the
only one who knows what he is talking about but he will not be chosen
Bad planning, project time = 3x expected
Good planning, project time = 2x expected
Activity is not achievement
Future dates on a calendar are closer then they appear to be
If nothing can possible go wrong – it will
The best thing about not planning is that failure comes as a surprise
200. Fun-rules of Project management (2)
The person who says it will take the longest and cost the most is the
only one who knows what he is talking about but he will not be chosen
Bad planning, project time = 3x expected
Good planning, project time = 2x expected
Activity is not achievement
Future dates on a calendar are closer then they appear to be
If nothing can possible go wrong – it will
The best thing about not planning is that failure comes as a surprise
If project scope is allowed to change – the rate of change will
exceed the rate of progress
203. 7 phases of a Project
1. Enthusiasm
2. Disillusionment
204. 7 phases of a Project
1. Enthusiasm
3. Confusion
2. Disillusionment
205. 7 phases of a Project
4. Panic
1. Enthusiasm
3. Confusion
2. Disillusionment
206. 7 phases of a Project
4. Panic
1. Enthusiasm
3. Confusion
2. Disillusionment
5. Search for the guilty
207. 7 phases of a Project
4. Panic
1. Enthusiasm
3. Confusion
2. Disillusionment
6. Punish the innocent
5. Search for the guilty
208. 7 phases of a Project
4. Panic
1. Enthusiasm
3. Confusion
2. Disillusionment
6. Punish the innocent
5. Search for the guilty
7. Promote the non-participants