1) Risk management techniques can help project managers identify and address risks to ensure project success and meet cost and schedule objectives, as was done on the successful NASA Self-Repairing Flight Control project.
2) Identifying risks probabilistically by considering expected, minimum, and maximum estimates and involving the project team can help create robust schedules and mitigate risks.
3) Risk management principles can also help individuals by identifying health and financial risks and ways to reduce them, thereby living healthier, wealthier, and wiser lives.
Benchmarking Execution Performance and Earned ValueAcumen
Determining historic PV, BAC, EAC and other EVM measures in order to benchmark for future projects is a valuable technique for ensuring realistic and achievable forecasts. Determining historic EV performance using prior similar projects validates those forecasts. Additionally, the value of benchmarking increases exponentially as the benchmark basis improves. From previous iterations of the schedule to a database of thousands of projects, EVM indicators have a strong correlation with execution performance over time.
Public Authorities and Private Companies have developed good emergency planning suited to face emergency risks and situations that can potentially involve their jurisdiction. Yet, only a part of them had the opportunity to actually test the emergency plans in a productive, credible and effective way. This conference brings the participant through best practices in organizing several types of
emergency plan tests, from field activities to virtual reality tools.
I wrote this set of slides for coaching sessions I am doing with startups in Senegal.
In this set of slides, I review the difference between project planning and resource planning, how to get started with resource planning and how to improve resource planning.
Those slides will be of interest to the management teams of small services companies that intend to grow quickly.
I have more set of slides coming on the same subject. Follow me on twitter (@sarfata) or check out my website (www.sarfata.org) to get more content.
Suggestions for topics are also most welcomed.
Software Project Management: Risk ManagementMinhas Kamal
Software Project Management: ResearchColab- Risk Management (Document-7)
Presented in 4th year of Bachelor of Science in Software Engineering (BSSE) course at Institute of Information Technology, University of Dhaka (IIT, DU).
McLachlan Lister provides a range of management consulting and project management services. These are offered either discretely or as an integrated service - you control the depth of our relationship:
Benchmarking Execution Performance and Earned ValueAcumen
Determining historic PV, BAC, EAC and other EVM measures in order to benchmark for future projects is a valuable technique for ensuring realistic and achievable forecasts. Determining historic EV performance using prior similar projects validates those forecasts. Additionally, the value of benchmarking increases exponentially as the benchmark basis improves. From previous iterations of the schedule to a database of thousands of projects, EVM indicators have a strong correlation with execution performance over time.
Public Authorities and Private Companies have developed good emergency planning suited to face emergency risks and situations that can potentially involve their jurisdiction. Yet, only a part of them had the opportunity to actually test the emergency plans in a productive, credible and effective way. This conference brings the participant through best practices in organizing several types of
emergency plan tests, from field activities to virtual reality tools.
I wrote this set of slides for coaching sessions I am doing with startups in Senegal.
In this set of slides, I review the difference between project planning and resource planning, how to get started with resource planning and how to improve resource planning.
Those slides will be of interest to the management teams of small services companies that intend to grow quickly.
I have more set of slides coming on the same subject. Follow me on twitter (@sarfata) or check out my website (www.sarfata.org) to get more content.
Suggestions for topics are also most welcomed.
Software Project Management: Risk ManagementMinhas Kamal
Software Project Management: ResearchColab- Risk Management (Document-7)
Presented in 4th year of Bachelor of Science in Software Engineering (BSSE) course at Institute of Information Technology, University of Dhaka (IIT, DU).
McLachlan Lister provides a range of management consulting and project management services. These are offered either discretely or as an integrated service - you control the depth of our relationship:
Expertise in project control systems is a core McLachlan Lister competency.
Anamaria Popescu has prepared and delivered an insightful review on the issues involved in adopting effective project control measure
Report on the Loss of the Mars Polar Lander and Deep Space 2 Missions.Om Shukla
The presented report is from Software Engineering and Management point of view, based on the evaluation of the reports provided by NASA and MPIAT. The report focuses on the early Design and Architecture decisions, the biding environment and its effect on the organisation assigned organization. The changes in the Organizational work culture, Risk management strategies, budgeting, staffing and Testing approach.
A Best of Breed Approach to Accelerate Projects with High Reliability binozu
We discuss a harmonious mix of proven Best of Breed techniques from multiple leading methods—including Critical Chain, Agile, and Lean—integrated in an innovative way to boost performance by 2X or better with High Reliability. This approach provides leaders in project-centric organizations with a much higher-powered framework for unifying project teams and stakeholders at all levels, for enhancing the flow of productive work, and for aggregating risk for much higher portfolio reliability and for increasing the Return on Investment. Presented at PMI Pasadena Morning Meeting on Thursday, October 18, 2018
A presentation by Gary Palmer, made at the APM South Wales and West of England branch seminar 'Project Controls: A 1 day Seminar' on Wednesday, 2nd October 2013
Managing in the presence of uncertaintyGlen Alleman
Uncertainty is the source of risk. Uncertainty comes in two types, aleatory and epistemic. It is important to understand both and deal with both in distinct ways, in order to produce a credible risk handling strategy.
This is the special presentation for Critical Chain which is written by Eliyahu Goldratt. It was prepared by Industrial Engineering Students in Marmara University.
Expertise in project control systems is a core McLachlan Lister competency.
Anamaria Popescu has prepared and delivered an insightful review on the issues involved in adopting effective project control measure
Report on the Loss of the Mars Polar Lander and Deep Space 2 Missions.Om Shukla
The presented report is from Software Engineering and Management point of view, based on the evaluation of the reports provided by NASA and MPIAT. The report focuses on the early Design and Architecture decisions, the biding environment and its effect on the organisation assigned organization. The changes in the Organizational work culture, Risk management strategies, budgeting, staffing and Testing approach.
A Best of Breed Approach to Accelerate Projects with High Reliability binozu
We discuss a harmonious mix of proven Best of Breed techniques from multiple leading methods—including Critical Chain, Agile, and Lean—integrated in an innovative way to boost performance by 2X or better with High Reliability. This approach provides leaders in project-centric organizations with a much higher-powered framework for unifying project teams and stakeholders at all levels, for enhancing the flow of productive work, and for aggregating risk for much higher portfolio reliability and for increasing the Return on Investment. Presented at PMI Pasadena Morning Meeting on Thursday, October 18, 2018
A presentation by Gary Palmer, made at the APM South Wales and West of England branch seminar 'Project Controls: A 1 day Seminar' on Wednesday, 2nd October 2013
Managing in the presence of uncertaintyGlen Alleman
Uncertainty is the source of risk. Uncertainty comes in two types, aleatory and epistemic. It is important to understand both and deal with both in distinct ways, in order to produce a credible risk handling strategy.
This is the special presentation for Critical Chain which is written by Eliyahu Goldratt. It was prepared by Industrial Engineering Students in Marmara University.
The impact of Risk on the Five Immutable Principles of Project Success by "Ri...Project Controls Expo
The impact of Risk on the Five Immutable Principles of Project Success by "Richard Wood" VP International Sales for Safran Software Solutions, UK at Project Controls Expo 2017, Arsenal Stadium, London
PROJECTCON | AGILECON Midwest 2019 in Indianapolis on May 10, 2019
Presenter: Bill Dow
A Guide to Risk Management
Most Project Managers struggle with managing risks and issues. It is a daily struggle, project managers don’t track and understand the purpose of risk management well enough, so we see them either ignore it all together or do the bare minimum. In this presentation, we will walk through the purpose and tracking of risks on projects.
Key Takeaways:
Learn the purpose behind Risk Management
Discover the key steps in Risk Management
Uncover Risk Management tools and techniques
Event Website: https://projectconevent.com
LinkedIn: https://www.linkedin.com/company/projectcon-llc
Facebook: http://www.facebook.com/ProjectConEvent
Twitter: http://www.twitter.com/projectconevent
YouTube: https://www.youtube.com/channel/UCLLG1SGPs1L5YLoFndvGGhQ
Instagram: https://www.instagram.com/projectconevent
Presentation Slides: https://slideshare.com/projectcon
Post Event Trailer: https://youtu.be/1_RzFBnZ7bo
The Digital Arts and Humanities structured PhD programme hosted its annual Institute in University College Cork, 3-4 September 2014. The theme, "Reflecting on Transformations: careers, disciplines, and methods" reflects the significant transformations that have taken place in the arts and humanities over the last number of decades.
This two day event included presentations by students as well as international and national speakers from the digital arts and humanities community as well as practical sessions on digital preservation and project management.
Paddi Leinster, Project Management
GraphRAG is All You need? LLM & Knowledge GraphGuy Korland
Guy Korland, CEO and Co-founder of FalkorDB, will review two articles on the integration of language models with knowledge graphs.
1. Unifying Large Language Models and Knowledge Graphs: A Roadmap.
https://arxiv.org/abs/2306.08302
2. Microsoft Research's GraphRAG paper and a review paper on various uses of knowledge graphs:
https://www.microsoft.com/en-us/research/blog/graphrag-unlocking-llm-discovery-on-narrative-private-data/
Epistemic Interaction - tuning interfaces to provide information for AI supportAlan Dix
Paper presented at SYNERGY workshop at AVI 2024, Genoa, Italy. 3rd June 2024
https://alandix.com/academic/papers/synergy2024-epistemic/
As machine learning integrates deeper into human-computer interactions, the concept of epistemic interaction emerges, aiming to refine these interactions to enhance system adaptability. This approach encourages minor, intentional adjustments in user behaviour to enrich the data available for system learning. This paper introduces epistemic interaction within the context of human-system communication, illustrating how deliberate interaction design can improve system understanding and adaptation. Through concrete examples, we demonstrate the potential of epistemic interaction to significantly advance human-computer interaction by leveraging intuitive human communication strategies to inform system design and functionality, offering a novel pathway for enriching user-system engagements.
Slack (or Teams) Automation for Bonterra Impact Management (fka Social Soluti...Jeffrey Haguewood
Sidekick Solutions uses Bonterra Impact Management (fka Social Solutions Apricot) and automation solutions to integrate data for business workflows.
We believe integration and automation are essential to user experience and the promise of efficient work through technology. Automation is the critical ingredient to realizing that full vision. We develop integration products and services for Bonterra Case Management software to support the deployment of automations for a variety of use cases.
This video focuses on the notifications, alerts, and approval requests using Slack for Bonterra Impact Management. The solutions covered in this webinar can also be deployed for Microsoft Teams.
Interested in deploying notification automations for Bonterra Impact Management? Contact us at sales@sidekicksolutionsllc.com to discuss next steps.
Let's dive deeper into the world of ODC! Ricardo Alves (OutSystems) will join us to tell all about the new Data Fabric. After that, Sezen de Bruijn (OutSystems) will get into the details on how to best design a sturdy architecture within ODC.
Connector Corner: Automate dynamic content and events by pushing a buttonDianaGray10
Here is something new! In our next Connector Corner webinar, we will demonstrate how you can use a single workflow to:
Create a campaign using Mailchimp with merge tags/fields
Send an interactive Slack channel message (using buttons)
Have the message received by managers and peers along with a test email for review
But there’s more:
In a second workflow supporting the same use case, you’ll see:
Your campaign sent to target colleagues for approval
If the “Approve” button is clicked, a Jira/Zendesk ticket is created for the marketing design team
But—if the “Reject” button is pushed, colleagues will be alerted via Slack message
Join us to learn more about this new, human-in-the-loop capability, brought to you by Integration Service connectors.
And...
Speakers:
Akshay Agnihotri, Product Manager
Charlie Greenberg, Host
The Art of the Pitch: WordPress Relationships and SalesLaura Byrne
Clients don’t know what they don’t know. What web solutions are right for them? How does WordPress come into the picture? How do you make sure you understand scope and timeline? What do you do if sometime changes?
All these questions and more will be explored as we talk about matching clients’ needs with what your agency offers without pulling teeth or pulling your hair out. Practical tips, and strategies for successful relationship building that leads to closing the deal.
Search and Society: Reimagining Information Access for Radical FuturesBhaskar Mitra
The field of Information retrieval (IR) is currently undergoing a transformative shift, at least partly due to the emerging applications of generative AI to information access. In this talk, we will deliberate on the sociotechnical implications of generative AI for information access. We will argue that there is both a critical necessity and an exciting opportunity for the IR community to re-center our research agendas on societal needs while dismantling the artificial separation between the work on fairness, accountability, transparency, and ethics in IR and the rest of IR research. Instead of adopting a reactionary strategy of trying to mitigate potential social harms from emerging technologies, the community should aim to proactively set the research agenda for the kinds of systems we should build inspired by diverse explicitly stated sociotechnical imaginaries. The sociotechnical imaginaries that underpin the design and development of information access technologies needs to be explicitly articulated, and we need to develop theories of change in context of these diverse perspectives. Our guiding future imaginaries must be informed by other academic fields, such as democratic theory and critical theory, and should be co-developed with social science scholars, legal scholars, civil rights and social justice activists, and artists, among others.
Accelerate your Kubernetes clusters with Varnish CachingThijs Feryn
A presentation about the usage and availability of Varnish on Kubernetes. This talk explores the capabilities of Varnish caching and shows how to use the Varnish Helm chart to deploy it to Kubernetes.
This presentation was delivered at K8SUG Singapore. See https://feryn.eu/presentations/accelerate-your-kubernetes-clusters-with-varnish-caching-k8sug-singapore-28-2024 for more details.
"Impact of front-end architecture on development cost", Viktor TurskyiFwdays
I have heard many times that architecture is not important for the front-end. Also, many times I have seen how developers implement features on the front-end just following the standard rules for a framework and think that this is enough to successfully launch the project, and then the project fails. How to prevent this and what approach to choose? I have launched dozens of complex projects and during the talk we will analyze which approaches have worked for me and which have not.
JMeter webinar - integration with InfluxDB and GrafanaRTTS
Watch this recorded webinar about real-time monitoring of application performance. See how to integrate Apache JMeter, the open-source leader in performance testing, with InfluxDB, the open-source time-series database, and Grafana, the open-source analytics and visualization application.
In this webinar, we will review the benefits of leveraging InfluxDB and Grafana when executing load tests and demonstrate how these tools are used to visualize performance metrics.
Length: 30 minutes
Session Overview
-------------------------------------------
During this webinar, we will cover the following topics while demonstrating the integrations of JMeter, InfluxDB and Grafana:
- What out-of-the-box solutions are available for real-time monitoring JMeter tests?
- What are the benefits of integrating InfluxDB and Grafana into the load testing stack?
- Which features are provided by Grafana?
- Demonstration of InfluxDB and Grafana using a practice web application
To view the webinar recording, go to:
https://www.rttsweb.com/jmeter-integration-webinar
GenAISummit 2024 May 28 Sri Ambati Keynote: AGI Belongs to The Community in O...
Stewart.james
1. How Risk Management Can Make You
Healthy, Wealthy, and a Wiser Project Manager
PM Challenge
February 2009
Daytona Beach, FL
Dr. James F. Stewart
NASA Engineering and Safety Center Chief Engineer
at
NASA Dryden Flight Research Center
2. Background
− Worked in the Aerospace Industry forty-four years over half the
time in Project/Program Management and Managing Project
Managers
− Presented first paper on Project Management in Nov. 1983 (1)
− Expanded it to a NASA Technical Memorandum in Dec. 1983 (2)
− Presented a paper on Risk Management at the NASA Academy of
Program and Project Leadership (APPL) Forum of Master Project
Managers Feb. 2005 (3)
− Implementing a formal Risk Management Process on a NASA
Project/Program was described at last years (2008) Project
Management Challenge in the presentation: Risk Management
Getting Started (4)
3. Introduction
− How Project Managers identify and deal with risk is often the key to
success or the reason for failure
− A complex multi-agency, multi-contractor, flight research will be
reviewed
− Simple but effective methods of identifying and successfully meet all
cost, schedule and technical objectives will be discussed
− Emphases is on how these techniques can be used to improve
project success but examples of how probabilistic and risk
management techniques can be used to improve personal success
will be highlighted
4. The Self-Repairing Flight Control (SRFC) Project
The Self-Repairing Flight Control (SRFC) Project was a technical
success(5). Even more of a success was the project management of the
SRFC project: meeting cost, schedule, and technical objectives.
5.
6. SRFCS Project Highlights
- Air Force Requirements
• Fixed Budget
• Firm Flight Date
• Specific Flight Objectives
- NASA Responsibilities
• Develop Agreement with Air Force
• Develop contact with McAir
and subcontracts
• Modify F-15 HIDEC Aircraft
• Manage the project, contracts and
technical government lead
- Development Needed
• GE: Reconfiguration Strategy
• ALPHATECH: Failure Detection
and Isolation
• ENSCO: On-board Maintenance Diagnostics
• McAir: Position Pilot Alert
• McAir: Integration of System
• NASA: Development and implementation
of aircraft modifications
• NASA: Aircraft Checkout with SRFC System
• NASA: Flight Test
7. Sample Schedule
Project 1 2 3 4 5 6 7 8 9 10 11 12
2
Item A
3
Item B
1
Item C
4
Item D
2
Item E
8. Sample Schedule with Risk Identified
Expected Min Max
Value
2 1 3
3 2 4
Project 1 2 3 4 5 6 7 8 9 10 11 12 1 .5 4
4 2 6
2 1 3
Item A 12 6.5 20
Item B
Item C
Item D
Item E
Uncertainty
9. The Project Managers Needs to Develop the
Schedule with the Team (Persons Doing the Task)
- Make sure the team thinks of the schedule as probabilistic
• Set Schedule Lengths
» Expected
» Minimum
» Maximum
» Identify expected schedule
» Identify what it takes to make minimum schedule
» Identify what could occur to cause the maximum schedule
If these conditions occur, what are the options?
If these conditions occur, how do we minimize the effect?
10. Examples of Risk Management
for the SRFC Project
− Search for and locate risks before they become
problems
• Phase O flight test flown in March 1989 to test
different implementation methods of the expert
maintenance diagnostics
− Convert risk into useable information for
determining priorities and making decisions
• Early installation and checkout of the Rolm Hawk
computer that was used for most of the SRFC
software
• Early aircraft modification replacing the
mechanical actuators with electric serves
− Translate risk into planning decisions and
mitigation action plans
• When the only Rolm Hawk computer at Dryden
broke we had a plan in place to get a spare, that
was at McAir, shipped overnight and received it
before start of business the next day
• When technical problems occurred on flight critical
software at General Electric we had a plan in place
to insure successful software development
11. Accomplishments
- SRFC Project met technical objectives and accomplished the
objectives on schedule and cost
- Air Force needed to fly by end of calendar year 89
• Flight 1 was on 12/12/89
• Had 4 flights by end of year
• Completed 25 flights and 42.9 flight hours
» Performed more flights than required
» Performed more flight hours than required
- Had to be completed by end of April, not to impact the next Project
Performance Seeking Controls (PSC) schedule
• Completed last flight 04/03/90
- As for the Budget
• Finished the project $4,000 under budget
12. Summary
- Schedule may appear deterministic but there always probabilistic
- Adjust for risk if you can
- Use the risk identification process to your advantages in managing
the project
- As part of risk identification (make sure person’s doing the work are
involved)
• Identify ways to reduce risk
• Identify options
13. Things to think about
− Make sure everyone knows why the project is being done
− Develop open communication with your team
− Include risks in communications as a topic at team meetings
− Use your team members expertise to make your estimates more reliable
and to obtain buy-in
− Make sure your team thinks of the schedule as probabilistic at least in terms
of expected, with minimum and maximum
− Have the team identify what could occur to cause the maximum schedule
• if these conditions occur, what are the options
• If these conditions occur, how do we minimize the effects
− Include team members in creating the schedule and in approval of the final
schedule
− It takes less effort to prevent problems than to deal with them
15. Risk Management Can make You Healthy
− I have attended 3 or 4 medical
conferences per year for more
than 15 years
− Every conference talks about
the risks and how to manage
the risks
− Detailed studies have identified
and quantified the risks for
most major health problems
16. Risk Management Can Make You Healthy
− Risk factors have been identified for cancers, strokes, heart attacks, and
other serious illness.
− By reducing the risk factors you can be healthier and live longer.
− You could identify each risk and reduce each risk. One approach has been
offered by Dr. Michael Roizen M.D. in his book “The Real Age Makeover”.
− You can not change your calendar age but you can change how much your
body has aged and how to reduce aging and even reverse your aging based
on risk factors and choices you’ve made for yourself.
− You can identify risk factors and how to reduce your risks, improve your
health and increase your chances of living longer.
17. Risk Management Can Make You Wealthy
Statistical measurements used in Modern Portfolio Theory (MPT) to help
investors determine the risk-reward profile. (definitions from Investopedia financial dictionary)
− Alpha: a measure of performance on a risk-adjusted basis
− Beta: a measure of volatility, or systematic risk, of a security or a portfolio in
comparison to the market as a whole.
− Sharpe Ratio: a ratio developed by Nobel Laureate William F. Sharpe to
measure risk-adjusted performance. The ratio tells us whether a portfolio’s
returns are due to smart investment decisions or a result of excess risk.
− Monte Carlo Simulation: a problem solving technique used to approximate
the probability of certain outcome by running multiple trail runs.
18. Risk Management Can Make You Wiser
1. Stop thinking of the world as deterministic it is probabilistic
2. Use the risk identification process to your advantage in managing
your health, your wealth and your projects
3. After today you should look at the risk you take and determined
how to manage those risk to make wiser decisions
19. References
1. Project Management System for the X-29A Flight Test Program by
James F. Stewart and Carol A. Bauer NASA, AIAA/SETP/IES
second flight test conference, Nov. 1983
2. Project Management Techniques for highly integrated programs
NASA Technical Memorandum 86023 by James F. Stewart and
Carol A. Bauer, Dec. 1983
3. Stochastic Processes and Exogenous Variables or How to Improve
Project Performance by James F. Stewart NASA APPL Forum of
Master Project Managers, Feb. 2008
4. Risk Management Getting Started by Cynthia Calhoun, NASA
Project Management Challenge 2009
5. Self-Repairing Flight Control, NASA Dryden Historical Study No. 1
by James E. Tomsyko Edited by Christian Gelzer, published by
NASA Dryden Flight Research Center, Oct. 2003