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Blow-up the Iron Triangle

77d585b881102ee229be5d5af4a11b8b?s=47 Jeffrey
April 07, 2014

Blow-up the Iron Triangle

Presented at Project Summit * Business Analyst World Philadelphia

In an effort to bring more value, save more time, and make a bigger difference, software projects are rethinking every part of project delivery. Companies are attempting new approaches to solve challenges and opportunities. These changes herald how the definition for project success is moving from the Iron Triangle of Scope-Schedule-Cost to a more flexible and impactful model of Value-Quality-Constraints. The tectonic shift influences nearly all elements of how software projects are conceived, executed, and measured. From redefining the problem statement to piloting solutions in a matter of weeks, the new focus on value over traditional project metrics shakes project management and requires a new understanding.

Learning Objectives
1. Understand the difference between Utility and Strategic IT
2. Bring back talking points on why projects should be measured against Value-Quality-Constraints
3. Learn how Impact Mapping can influence the both the choice and the ending for your next project

77d585b881102ee229be5d5af4a11b8b?s=128

Jeffrey

April 07, 2014
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Transcript

  1. Blow-up the Iron Triangle Rethinking Software Project Goals and Approaches

    to Increase Business Value
  2. Jeffrey Davidson twitter: @JeffreyGoodReq blog: goodrequirements.com email: jeffrey@davidson.net

  3. AN IT STORY: 4 DIFFERENT LEADERS Part 1:

  4. None
  5. None
  6. None
  7. None
  8. “Cowboy”

  9. Technology is the #1 concern of CEOs worldwide •  IBM,

    CEO Study 2012
  10. IT STRUGGLING: WHY? Part 2:

  11. IT STRUGGLING: WHY? Part 2a: Pace of Change!

  12. To reach 50 million customers, radio took 38 years, 13

    years for television, 4 years for the Internet, and only 2 years for the iPhone. It's daunting to keep current with such an in-flux marketplace and the myriad consumer behavior changes that it drives. •  B. Bonin Bough, HBR Blog Network
  13. None
  14. IT STRUGGLING: WHY? Part 2b: We are confused!

  15. Criticality Cost Retire Continue Maintain As-is Improve Cost- Effectiveness Cost

    Criticality Retire Continue Maintain Improve
  16. Cost Value activation candidate termination candidate termination candidate active project

    planned project Value Cost
  17. None
  18. Strategy is about understanding what you do, looking out over

    the long-term future to determine what you want to become, and—most importantly—focusing on how you plan to get there. •  C. Davis Fogg
  19. IT STRUGGLING: WHY? Part 2c: Rate of Failure!

  20. 66% RISURMHFWVIDLORUDUH¬PDUJLQDO­ 61% RIIHDWXUHVGHOLYHUHG 2/3 ,7SURMHFWV DUHFKDOOHQJHG 2YHUEXGJHWE\189% 2YHUVFKHGXOHE\ 220%

  21. IT STRUGGLING: WHY? Part 2d: Measurements and Rewards!

  22. You can’t control what you can’t measure. •  Tom DeMarco

  23. Iron Triangle Scope Schedule Cost

  24. Rewarding Success Control

  25. Moment of Reflection •  Robyn Scott, Medium

  26. Immediately after every lecture, meeting, or any significant experience, take

    30 seconds — no more, no less — to write down the most important points.
  27. IS THERE A SOLUTION? Part 3:

  28. None
  29. IS THERE A SOLUTION? Part 3a: Hunt for Value!

  30. Create the product * Make the product Sell the product

    * Choose the value * Provide the value Communicate the value to customers Create the product * Make the product Sell the product •  McKinsey staff paper
  31. What is measured How it will be measured Situation as

    it stands now Minimum acceptable value Desired result Scale Meter Benchmark Constraint Target •  Tom Gilb, Competitive Engineering
  32. IS THERE A SOLUTION? Part 3b: Measure Different!

  33. You can’t control what you can’t measure. •  Tom DeMarco

  34. Schedule Cost Scope

  35. Schedule Cost Scope Blow-up the Iron Triangle

  36.     Value (Releasable Product) Quality (Reliable, Adaptable Product) Constraints

    (Scope, Schedule, Cost)
  37. 20-30% •  Jim Highsmith

  38. Go as far as you can see; when you get

    there, you’ll be able to see farther. • J. P. Morgan
  39. “Cowboy”

  40. None
  41. Immediately take 30 seconds  to write down the most important

    points
  42. Blow-up the Iron Triangle Jeffrey Davidson twitter: @JeffreyGoodReq blog: goodrequirements.com

    email: jeffrey@davidson.net ProjectSummit * BusinessAnalystWorld Philadelphia, PA April 7, 2014
  43. References Jeffrey Davidson. “Blow-up the Iron Triangle.” Available on http://

    goodreq.com/2013/utd-pm-symposium. Anupam Kundu and Manu Tandon. “How do I get the most out of my technology investments?” Presented at SIFMA, Asset Managers Forum, NYC. June 2013. Available on slideshare.net.
  44. Share & Tell This is licensed under Creative Commons Sharealike

    [CC BY 4.0] •  Please use it •  Please share it •  Please improve it •  As long as you credit me somewhere
  45. Blow-up the Iron Triangle Jeffrey Davidson twitter: @JeffreyGoodReq blog: goodrequirements.com

    email: jeffrey@davidson.net ProjectSummit * BusinessAnalystWorld Philadelphia, PA April 7, 2014