Archive for the
‘Cost Management’ Category

What is concurrent engineering? Concurrent engineering is when activities are paralleled that could be sequenced. Concurrent engineering can help us deliver the product earlier since we have compressed the schedule by overlapping the various development activities.  There are certain risks associated with this way of working. To be successful and not incur massive rework, it […]

Project Schedule I have been thinking on project scheduling since invitation to speak at a Wake Forest MBA class.  Schedule management is much more than Microsoft Project, though an appropriate tool can help the project manager and the team to visualize how the project activities map to success, however, we must have performed sufficient diligence. […]

The olden days… A long time ago (seemingly) I graduated from university with my engineering degree.  I was lucky, my first job was with a small company and I performed many roles as it applied to developing their new product line.  The product was an embedded strand process control unit. This unit would control older […]

Models are not new, and neither models in the employ of product development. Product development has always had some basis in discovery and always will. If everything had such a high degree of certainty, likely the product or endeavor has already been done. Developing new things ceaselessly brings questions. To be effective, we want to answer these questions as quickly and as certainly as possible.

Risk Management the Best ‘Fire’ Insurance for Your Project Risk management training day announced by the NC Piedmont Triad Chapter of the Project Management Institute in conjunction with Value Transformation. Greensboro, NC — The NC Piedmont Triad Chapter of the Project Management Institute together with Value Transformation are pleased to announce a risk management training […]

In conventional project management, it is called the white book. In agile, it is known as the retrospective. Both the retrospective and the white book serve the same purpose that is to learn from the past and improve the future. Though the objectives may be similar the manner and perhaps the efficacy are quite different.

What is “watermelon” green? Watermelon.  A great treat in the  summer. The dark green rind, the yummy bright red center. Recently I had lunch with an IT friend named Phil.  We were talking about checklists and determining project “status” when he mentioned the color Watermelon Green.  I chuckled.  Then I continued a bit afraid to […]

I comes as not surprise that I follow other bloggers. One of my favorites is a word press blog of Tisquirrel.  She has recently posted “It seems that I hate estimations. Really?” that I thought very telling. The trouble with Estimates The trials she describes happen very frequently. The truth is, estimates are just that […]

What is severity? We have been spending considerable time on risk in preparation for our up coming Piedmont Triad PMI Risk Management event.  Our last specific risk blog we discussed risk and probability.  That is only a part of the equation.  We are interested in probability, but we also need to know the severity.  Severity […]