#23 – CAN PROJECTS INCORPORATE TOO LITTLE RISK PART II – HOWARD WIENER

Howard Wiener PixIn the previous post, I discussed an approach to valuing projects using Discounted Cash Flow (DCF) analysis.  In this post, I will use the DCF technique combined with a fixed scenario to demonstrate a difference in Net Present Value (NPV) resulting from implementing a series of projects on an existing platform vs. replacing the aging platform and fulfilling the same requirements with up-to-date tools.  The horizon of the analysis is 20 years.

But first, read our last article on incorporating too little risk. Continue reading

#22 – CAN PROJECTS INCORPORATE TOO LITTLE RISK? – HOWARD WIENER

Howard Wiener PixGenerally, every effort is made to reduce risks in software development projects to ensure achieving functionality, time and cost goals.  One common risk-mitigation practice is to employ established, stable technologies when new, less well-understood or in-transition business processes are involved.  

However, projects supporting longer-term, strategic business initiatives may produce suboptimal results if organizations do not push the envelope in order to maintain currency with evolving technology standards and preserve options to keep the application consistent with market competition and changing business models over its usable life. 

In this post, I begin to explore how we can identify cases in which accepting risks associated with employing newer technologies, architectures or methodologies can add value to a project. Continue reading

#20 – CASE STUDY OF GENERATIVE ENGINEERING – ENABLED SOFTWARE DEVELOPMENT – HOWARD WIENER

Howard Wiener PixIn the previous post, I discussed how employing accelerated delivery strategies, specifically generative software engineering, can reduce overall project risks.  This post recounts the history of a project in which generative methods were employed to great benefit. Continue reading

#18 – MITIGATING PROJECT RISK BY ADOPTING ACCELERATED DELIVERY TECHNIQUES – HOWARD WIENER

Howard Wiener PixIn the process of gaining approval for and initiating projects, many companies create a major risk of failure by committing to a scope, schedule and budget prematurely.  This often comes about because project sponsors are disinclined or disincentivized to navigate the internal funding process more than once so they take a rough project definition and attach a heavily padded estimate to it.  Continue reading

#17 – BUILDING A RISK INVENTORY TO PREPARE FOR MANAGING PROJECT RISK (IV) – HOWARD WIENER

Howard Wiener PixIn the previous posts in this thread we looked at various types and classes of uncertainties and discussed how and when they are likely to be identified and selected for inclusion in a project’s Risk Register.  In the final post of this series, we will look at how to build a repository that can streamline this process by storing uncertainties and qualifying information about them in a structure that facilitates querying and filtering them.

Continue reading