Diving For Hidden Treasures
Diving For Hidden Treasures
Uncovering the Cost of Delay in Your Project Portfolio
About the Book
Does your organization use estimation to value and rank projects in the project portfolio? Except for the shortest projects, estimation is often wrong. With incorrect estimates, the projects don't return the value you expected when you wanted. How can you finish projects in time to realize their potential value?
Instead of estimation, consider using the cost of delay to evaluate and rank projects. Cost of Delay accounts for ways projects get stuck. You've probably seen some typical Costs of Delay:
- Other projects missing their expected release dates
- Work queuing behind experts
- Excessive attention to code cleanliness
- Management indecision
Once you know about the Cost of Delay, you can decide what to do about it. You can stop multitasking. You can eliminate the need for experts. You can reduce the number of projects and features in progress. You can use the cost of delay to rank projects and work in your organization. Learn to use the Cost of Delay to make better decisions for your project, program, or project portfolio.
Table of Contents
- Why do we care about the value of the project portfolio?
Planning and Controlling Complex Projects
- Prediction is not possible
- Beyond Budgeting to the Rescue
- Applying Beyond Budgeting
- Why Cost is the Wrong Question for Evaluating Projects
- Estimation is Insufficient as a Basis for the Project Portfolio Evaluation
- A Focus on Continuous Value
- Cost of Delay Due to Not Shipping on Time
- Cost of Delay Due to Multitasking
- Cost of Delay Due to Experts
- Cost of Delay Due to Making Things Right
- Cost of Delay Due to Technical Debt
- Cost of Delay Due to Doing the Wrong Things
- Cost of Delay Due to Indecision
Cost of Delay Due to Not Starting
- Cost of Delay Due to Features in Progress
- Cost of Delay Due to Releasing Later
Cost of Delay due to Unsupportive Infrastructure
- Cost of Delay Due to Other Teams’ Delay
- Cost of Delay: Why You Should Care
Selecting a Ranking Method for Your Project Portfolio
- Ask This Question First
- Rank with points
- Rank with Risk
- Rank with Context
- Pairwise Comparison and Double Elimination
- Single elimination
- Use Your Mission and Values
- Ranking isn’t Forever
- Remember to Kill Projects
- More from Jutta
- More from Johanna
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