From, June 2006 Capital Programming Guide Supplement A-11, Part 7
OMB Focus on Risk:
- Without the knowledge of the risks involved managers at all levels—...— cannot make the best decisions for the allocation of resources among the competing investments.
- Project managers when developing the cost, schedule and performance goals on developmental projects with significant risk must, therefore, provide ... risk adjusted, most likely cost, schedule and performance goals.
So why on God's Green Earth do enterprise class projects not perform these functions? Why to the proponents of agile software development fail to connect the dots with project management in the enterprise class domain.
When I hear words like "we're doing PM 2.0 or we're doing Agile PM, and don't need all that formality from the past," it makes me wince.
And then we read (no matter the credibility of the numbers) reports like Standish of dismal success rates and wonder "hey want happened to our project?"
Richard Patrick's blog says it all about a disturbing trend for abandoning the fundamentals of project management for the siren song of gadgets, tools, and 2.0 anything.
