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Software Portfolio Management

Software Portfolio Management. Eastern Iowa PMI Chapter Program March, 2002 James T. Heires jtheires@netins.net. “Embarking on a development project is like taking a trip down the Amazon. You don’t do it without careful planning and a steady guide. Unless of course you enjoy pain.”.

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Software Portfolio Management

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  1. Software Portfolio Management Eastern Iowa PMI Chapter Program March, 2002 James T. Heires jtheires@netins.net James T. Heires Consulting

  2. “Embarking on a development project is like taking a trip down the Amazon. You don’t do it without careful planning and a steady guide. Unless of course you enjoy pain.” James T. Heires Consulting

  3. 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 James T. Heires Consulting

  4. Strategic Staffing Quality Schedule Cost Tasks Resources Defects Timelines Tactical Risk Management • Software Portfolio Management IDENTIFY RISK EARLY & OFTEN James T. Heires Consulting

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

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

  7. Manage Your Portfolio James T. Heires Consulting

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

  9. Forecast the Impact of Changes Forecasted Code Production: Planned PI 10.8, Actual PI 9.1 Forecasted Schedule: +5.5 Months 40 Total Defects Will Be Remaining at the Initial Production Date Forecasted Cost: +$620K James T. Heires Consulting

  10. Demonstration... James T. Heires Consulting

  11. Reducing the “$ Out of Control” 100.00% $16,000,000 Before SPM 90.00% $14,000,000 80.00% $12,000,000 70.00% 1st Year Results Using SPM $10,000,000 Percent of 60.00% Projects over Budget & Schedule 50.00% $8,000,000 % of Projects Over Budget & Schedule Dollars out of Financial Control Dollars out of 40.00% Financial $6,000,000 Control 30.00% Full $4,000,000 Implementation 20.00% of SPM $2,000,000 10.00% 0.00% $0 1993 - 1994 1995 1996 (12 Projects) (15 Projects) (10 Projects) James T. Heires Consulting

  12. Process Improvement Over Time Industry Leader Picks up Extra 3%- 4% $ Savings/Year 35 Level 5 30 Level 4 25 Industry Leader (1 PI/1.5 Years) PI* CMM Level 3 20 Level 2 15 Industry Avg Rate(1 PI/2.5 Years) Level 1 10 1990 1995 2000 * PI = Size/(Time4/3 * Effort1/3) James T. Heires Consulting

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

  14. 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 James T. Heires Consulting

  15. “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 James T. Heires Consulting

  16. Questions? James T. Heires Consulting

  17. Who is Emergeon? • 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 Emergeon is a professional servicescompany with a penchant for metrics anda passion for methodology. James T. Heires Consulting

  18. Quick Start Service Offering • 50% Discount for 1st 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 James T. Heires Consulting

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

  20. 165 Jordan RoadTroy, NY 12180 518-283-7241 518-283-0532 (fax) www.emergeonsystems.com

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