• PBP: Payback period
• ROI
• NPV: need discount rate
• IRR

Risk/Value: Comparing between high-value features, do the riskier ones first to have more time/runway to deal with unexpected issues

Kano model: Customer satisfaction vs Degree of implementation (How much of feature/project has been completed)

• Mandatory
• Utility
• Exciters/Delighters

Karl Weigers Relative Weights Method: Priority defined by Value/Risk/Cost

Dealing with Risk:

• Avoid
• Mitigate
• Transfer
• Accept

Rolling Agile contracts

Whirlwind tour of Agile/Scrum terminologies: https://www.youtube.com/watch?v=Q5k7a9YEoUI

Scrum model

• ADAPT: Awareness, Desire, Ability, Promote, and Transfer.

User stories:

• Indpendent
• Negotiable
• Valuable
• Estimable
• Small
• Testable

MMF: Minimally Marketable Functionality

MVP: Minimum Viable Product

MMR

MBI

https://www.youtube.com/watch?v=3kX7fgT8jUk

Key features of Project Management

• New and novel endeavour
• Has a planned completion date

7-minute cleaning on Shinkansen: https://www.youtube.com/watch?v=JWuT_yeQ0PY&t=85s

Definition of Programme Management

• group of related projects
• managed coordinated way
• benefits accrue by managing the projects together as a programme

PRINCE2:

• Output: focus of Projects
• Outcome: focus of Programmes
• Benefits: focus of Programmes

Definition of Portfolio Management

• identify, prioritise projects/programmes
• achieve strategic business objectives

Iron Triangle (Scope, Cost, Time) is now a Pentagon (Scope, Cost, Time, Quality and Risk)

Directing, Controlling, Supporting PMO Passive, Activist, Accountable PMO

Types of organisations:

• Functional
• Projectised
• Matrix: mix of Functional and Projectised

Other People's Money: https://www.youtube.com/watch?v=xJRhrow3Jws&t=9s https://www.youtube.com/watch?v=62kxPyNZF3Q&t=39s

Critical Path

= Critical Chain: also considers resource availability/dependency

Project Libre PM software

• https://sourceforge.net/projects/projectlibre/

Earned Value Management

• developed by Ericsson