Diving For Hidden Treasures
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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:

  • Multitasking
  • 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.

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  • Categories

    • Management
    • Agile
    • Lean
    • Project Management
    • Non-Fiction
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About the Authors

Johanna Rothman
Johanna Rothman

Johanna Rothman, known as the “Pragmatic Manager,” offers frank advice for your tough problems. She helps leaders and teams do reasonable things that work. Equipped with that knowledge, they can then decide how to adapt their product development.

With her trademark practicality and humor, Johanna is the author of 20 books and hundreds of articles. Find the Pragmatic Manager, a monthly email newsletter, and her blogs at jrothman.com and createadaptablelife.com.

She is the author of these books:

In addition, she is a contributor to:

For fiction:

Jutta Eckstein
Jutta Eckstein

Twenty years of experience in coaching, consulting, training, and development. Main focus on agile processes, patterns, project management, adaptive organizations, and advanced object-oriented design.

Jutta Eckstein works as an independent coach, consultant, and trainer. She holds a M.A. Business Coaching & Change Management, a Dipl.Eng. Product-Engineering, and a B.A. in Education. Her know-how in agile processes is based on over fifteen years’ experience in project and product development. She has helped many teams and organizations all over the world to make the transition to an agile approach. She has a unique experience in applying agile processes within medium-sized to large distributed mission-critical projects. This is also the topic of her books 'Agile Software Development in the Large', 'Agile Software Development with Distributed Teams', and 'Retrospectives for Organizational Change'. She is a member of the Agile Alliance and a member of the program committee of many different European and American conferences in the area of agile development, object-orientation and patterns. At the last election, Jutta has been designated for the Top 100 most important persons of the German IT.

Stay in touch with Jutta:

  • @juttaeckstein
  • http://linkedin.com/in/juttaeckstein
  • http://xing.com/profile/Jutta_Eckstein
  • http://jeckstein.com

Table of Contents

  • Acknowledgments
  • 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
    • Conclusion
    • References
  • 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
    • References
  • Cost of Delay Due to Features in Progress
  • Cost of Delay Due to Releasing Later
  • Cost of Delay due to Unsupportive Infrastructure
    • References
  • 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
    • Summary
    • Acknowledgements
    • References
  • More from Jutta
  • More from Johanna

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