In general, companies can take two approaches to calculating risk exposure, a quantitative approach and a qualitative one. There are pluses and...
In general, companies can take two approaches to calculating risk exposure, a quantitative approach and a qualitative one. There are pluses and...
Resource loading is a critical project metric. Get it wrong and you could inadvertently commit to a seriously unrealistic project launch date....
In life, sometimes it just seems easier to continue doing things the way we are used to instead of seeking new approaches that may cause the...
Here is a simple formula for quickly estimating Cost of Delay: the profit lost per-month of delay.
Total COD = Lost Month Cost + Peak Reduction Cost.
Yes, Agile principles can be applied with benefit in hardware product development (Agile hardware development). However, Agile's...
In the next three posts we discuss Agile principles and how to apply the principles in hardware development. In this post we look at delivering...
In order to examine risk exposure and uncertainty in greater detail, let's look at the different types of risks --uncertain events...
We begin the analysis phase and look at risk drivers and the 5 Whys technique - a simple and powerful technique for discovering the root of the...
Agile principle 2: Welcome changing requirements, even late in development.
Software and hardware product development teams share important...
Golf. It’s a wonder anyone ever keeps playing. Sure, the greens are often in captivatingly beautiful locations. The views, fresh air and time with...
Mitigating a risk essentially means deliberately doing something to reduce risk exposure - to burn down the...
Risk management has four steps. It is cyclical, and each risk, issue, question, and opportunity is put through the process as quickly as possible....
A lot has been said over the last several years about the fallacy of increased productivity when a person multitasks. Lean, Agile, and the Theory of...
The first step in risk management is identifying risks and capturing them in a risk management spreadsheet. In risk identification and capture teams...
Product development is a risky business. So how do you effectively minimize the impact of risks on your project? In short, you...
What is the difference between push vs pull?
In a pull system, teams pull tasks from the backlog. As opposed to a push system where work is pushed...
This is the fifth part of our series on Lean Project Management. In this post, we look at resource management.
This is the third part of our series on Lean project management.
In this post we discuss visual management’s and Kanban's role in Lean and Agile...This is the second part of our series on Lean Agile Project Management.
In Part 1 we recognized that one of the primary drivers of success in product...
Feeling like you are using the wrong tools to achieve your product development goals?
This is Part 1 of a series of posts on Lean Project Management
So how do you increase certainty in project decisions. In part we can increase certainty by increasing the accuracy of our impact estimates.
The Return on Investment in project risk management is high, and therefore worth the effort.
Shipment delays in product development happen. Packages get lost or dropped off at the wrong location. As a result projects can get delayed more than...
How do you make project decisions based on their impact on profit? Here are some...
In order to make project decisions such as whether or not to add a new feature, we need an economic model. Cost of Delay is one input into this...
The project team is falling behind schedule at a rapid rate. The major milestones and planned launch date are becoming further out of reach. You are...
Feeling like you are using the wrong tools to achieve your product development goals?
This is Part 2 of a series of posts on Lean product...
Feeling like you are using the wrong tools to achieve your product development goals?
This is Part 1 of a series of posts on Lean Project Management...
While on a recent trip to New Zealand to ramp up a new client, I took a little time after work to see some sights. Coincidently, I was also...
I recently read the new book Team of Teams – New Rules of Engagement for a Complex World, by General Stanley McChrystal. I’d like to share some of my...
Achieving project flow is what enables project teams to have greater confidence task completion and launch dates. At Playbook, we have found that...
Designing a new product with an architectural runway means supporting the business' ability to "land" new features...
14 tips for calculating cost of delay. Implementing cost of delay and ultimately creating a project economic model for basing project decisions on is...
This is Part 7 in a series of posts discussing Cost of Delay and making objective decisions in new product development, based on economic analysis.
...
This series is a comprehensive review of Agile and how to apply Agile to hardware product development.We look...
So how do you make hardware development more Agile? In this part, part 5, we examine Agile's 3 and...
Component procurement time, component cost, and the variety of skills needed on most hardware development projects are greater and represent in our...
Lean methods and Agile principles recognize that it’s almost impossible to get anything absolutely right the first time. Testing and iterating are...
We agree. Hardware product development is different than software. So when we apply Agile principles, we need a different approach.
Making the trade-off between scope, schedule, and cost, and making decisions that maximize the top-level goal of making a profit is at the heart of...
What is Lean Product Development? The Lean landscape is confusing because there are many flavors of Lean. But here is our definition...
Resource leveling is the process of using a company's resources in the most efficient way possible. To some, high efficiency is the same as high...
It's critical to capture the objects impacted by a risk in order to understand risk exposure, as well as...
Evaluating risks starts by defining and understanding a project’s objectives. If there aren’t any objectives,...
Recently I came across an article on the Dummies.com website comparing the traditional Waterfall method (Phased and Gated) to the...
At Playbook, creating velocity in product development projects has been our passion for 18 years. As a result, we’ve analyzed Agile and other product...
I heard recently some people in software development were proposing that there be ‘no projects’, because ‘projects’ create batches and stifle project...
The series explores the relationship between Lean Startup Principles, Knowledge Based Product Development, and Project Risk Management, and how they...
There has been a lot of discussion about Lean Startup principles and whether they apply to hardware...
Gaining a strategic advantage through statistics and mathematical analysis is changing the game of product...
Being an Aerospace Engineer by training, I find some parallels from time to time between product development systems and flight systems. One that I...
I heard recently some people in software development proposing that there be "no projects," because projects create batches and stifle flow. Being a...
Hello world! This is my first entry into the blogging business. I hope to have many great discussions with you. Please allow me to introduce myself....
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