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James T. Heires Consulting1 Software Portfolio Management Eastern Iowa PMI Chapter Program March, 2002 James T. Heires

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Presentation on theme: "James T. Heires Consulting1 Software Portfolio Management Eastern Iowa PMI Chapter Program March, 2002 James T. Heires"— Presentation transcript:

1 James T. Heires Consulting1 Software Portfolio Management Eastern Iowa PMI Chapter Program March, 2002 James T. Heires

2 James T. Heires Consulting2 Embarking on a development project is like taking a trip down the Amazon. You dont do it without careful planning and a steady guide. Unless of course you enjoy pain.

3 James T. Heires Consulting3 What is Portfolio Management? An abstraction of project management (PMBOK) >Cost Management >Schedule Management >Quality Management >Scope Management A method to fulfill commitments A strategic planning technique A consistent, broad communication mechanism

4 James T. Heires Consulting4 Risk Management Software Portfolio Management IDENTIFY RISK EARLY & OFTEN ScheduleCost Quality Resources Tasks Staffing Timelines Defects

5 James T. Heires Consulting5 Software Portfolio Management Estimation & Planning Proposal response Bid evaluation What-if analysis Calibrate to environment Model uncertainty Make commitments Control & Forecasting Monitor project status Forecast with real-time data Intervene early, redirect Protect cost & schedule Manage commitments Analyze Performance Populate corporate repository Evaluate performance Assess strengths & weaknesses Produce close-out review Support future commitments

6 James T. Heires Consulting6 Statistical Models Experienced Guides Knowledgebase INPUTS SEI/CMM Core Measures Constraints/Targets Custom Metrics Client Stakeholders Project Management SPM PROCESS OUTPUTS Probability Reporting Management Heatmaps Analytical Assessments Software Portfolio Management

7 James T. Heires Consulting7 Manage Your Portfolio

8 James T. Heires Consulting8 Monitor IT by the Numbers Schedule/Milestones Appear on Target Cost is Close to the Plan Product is Being Constructed at a Slower Rate than Planned Defect Rates are Higher than Planned Yellow Green

9 James T. Heires Consulting9 Forecast the Impact of Changes Forecasted Schedule: +5.5 Months Forecasted Cost: +$620K Forecasted Code Production: Planned PI 10.8, Actual PI Total Defects Will Be Remaining at the Initial Production Date

10 James T. Heires Consulting10 Demonstration...

11 James T. Heires Consulting11 Reducing the $ Out of Control 0.00% 10.00% 20.00% 30.00% 40.00% 50.00% 60.00% 70.00% 80.00% 90.00% % % of Projects Over Budget & Schedule $0 $2,000,000 $4,000,000 $6,000,000 $8,000,000 $10,000,000 $12,000,000 $14,000,000 $16,000,000 Dollars out of Financial Control Percent of Projects over Budget & Schedule Dollars out of Financial Control (12 Projects) 1995 (15 Projects) 1996 (10 Projects) Before SPM 1st Year Results Using SPM Full Implementation of SPM

12 James T. Heires Consulting12 Process Improvement Over Time PI* Industry Leader (1 PI/1.5 Years) Industry Avg Rate (1 PI/2.5 Years) Level 1 Level 2 Level 3 Level 4 Level 5 CMM Industry Leader Picks up Extra 3%- 4% $ Savings/Year * PI = Size/(Time 4/3 * Effort 1/3 )

13 James T. Heires Consulting13 Value Proposition Quantitative plan/bid evaluation Software visibility and accountability Intervention for troubled projects Results in powerful corporate repository Reduce and eliminate risk!

14 James T. Heires Consulting14 Outsourced Portfolio Management Team approach: >Work with stakeholders to define project goals >Work with project managers to define metrics Outsourcer handles data validation and analysis: >Continuous weekly/monthly feedback reports >Qualitative and quantitative factors >Early warning indicators documented Your portfolio is actively managed

15 James T. Heires Consulting15 Success in the marketplace today is directly proportional to the knowledge an organization can bring to bear, how fast it can bring the knowledge to bear, and the rate at which it accumulates knowledge. Tom Peters

16 James T. Heires Consulting16 Questions?

17 James T. Heires Consulting17 Privately Held (growth funded) Specialists in Metrics Niche with 15 Year Legacy Exclusive Rights to Modeling Tools in North America Experienced Objective Broker in Software Management Who is Emergeon? Emergeon is a professional services company with a penchant for metrics and a passion for methodology.

18 James T. Heires Consulting18 Quick Start Service Offering 50% Discount for 1 st Project – 6 Month Commitment >$4k $2k for Baseline, Benchmark, and Forecast >$2.5k $1.25k/mos. For Variance Analysis and Continuous Early Warning & Forecast-to- Complete Immediate Value >Plans validated /Expectations sanity checked >Probability and risk analysis >Forecast-to-complete >Customized to your environment and nomenclature

19 James T. Heires Consulting19 Our Clients These companies have benefited from our services and quantitative methodology

20 165 Jordan Road Troy, NY (fax)


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