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Fixed Price Agile Projects - Jesse Fewell Fixed Price Agile Projects Jesse Fewell, PMP, CST...

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  • Fixed Price Agile Projects

    Jesse Fewell, PMP, CST

    “PMI” is a registered trade and service mark of the Project Management Institute, Inc. ©2010 Permission is granted to PMI for PMI® Marketplace use only

  • “PMI” is a registered trade and service mark of the Project Management Institute, Inc. ©2009 Permission is granted to PMI for PMI® Marketplace use only

    PMI  Agile  Community  of  Practice  

  • “PMI” is a registered trade and service mark of the Project Management Institute, Inc. ©2010Permission is granted to PMI for PMI® Marketplace use only

    Quick Facts Founded in 2009

    “Equipping PMI members with agile skills and knowledge”

    Over 13,000 Subscribers

    Over 150 community discussions featuring 1,000+ posts

    Critical to PMI-ACP Agile Certification

  • “PMI” is a registered trade and service mark of the Project Management Institute, Inc. ©2010Permission is granted to PMI for PMI® Marketplace use only

    Get Involved Community Discussions

    Blogs & Social Media

    Newsletters

    Agile Knowledge Base

    PMI-ACP Support

  • “PMI” is a registered trade and service mark of the Project Management Institute, Inc. ©2009 Permission is granted to PMI for PMI® Marketplace use only

    Fixed  Price  Agile  Projects  

  • “PMI” is a registered trade and service mark of the Project Management Institute, Inc. ©2010Permission is granted to PMI for PMI® Marketplace use only

    Jesse Fewell

    Founder of PMI Agile Community of Practice

    Senior Advisor, PMI-ACP℠ Agile Certification

    Steering Committee, Software Extension to PMBOK® Guide

    PMP with expert Agile Product & Project Certifications

  • “PMI” is a registered trade and service mark of the Project Management Institute, Inc. ©2010Permission is granted to PMI for PMI® Marketplace use only

    Setting Expectations

    •  Will not cover agile frameworks •  Will not talk contracts [a different webinar]

    Intermediate Level Talk

    •  Simple suggestions. Difficult actions. •  There will be a MATH POP QUIZ

    9 Techniques across 4 Scenarios

  • “PMI” is a registered trade and service mark of the Project Management Institute, Inc. ©2010Permission is granted to PMI for PMI® Marketplace use only

    Intro to Agile Values from agilemanifesto.org

    over

    over

    over

    over

    Individuals & Interactions

    Working Software

    Customer Collaboration

    Responding to Change

    Processes & Tools

    Comprehensive Documentation

    Contract Negotiation

    Following a Plan

    That is, while there is value in the items on the right, we value the items on the left more.

  • “PMI” is a registered trade and service mark of the Project Management Institute, Inc. ©2010Permission is granted to PMI for PMI® Marketplace use only

    Intro to Agile Values from agilemanifesto.org

    over Customer

    Collaboration Contract

    Negotiation

  • “PMI” is a registered trade and service mark of the Project Management Institute, Inc. ©2010Permission is granted to PMI for PMI® Marketplace use only

    Intro to Agile Values from agilemanifesto.org

    over Responding to Change Performing to

    Plan

  • “PMI” is a registered trade and service mark of the Project Management Institute, Inc. ©2010Permission is granted to PMI for PMI® Marketplace use only

    Agenda

    Proposal

    Execution

    Contract

    • High  Level   • Value  Proposition  

    • Enforces  Key  Risk  Areas  

    • Achieves  Value   • Within  Risk  Constraints  

    Time  

  • “PMI” is a registered trade and service mark of the Project Management Institute, Inc. ©2010Permission is granted to PMI for PMI® Marketplace use only

    Proposal

    Execution

    Contract

  • “PMI” is a registered trade and service mark of the Project Management Institute, Inc. ©2010Permission is granted to PMI for PMI® Marketplace use only

    “An ounce of prevention is worth a pound of cure”

    Proposal

    Execution

    Contract

    α

  • “PMI” is a registered trade and service mark of the Project Management Institute, Inc. ©2010Permission is granted to PMI for PMI® Marketplace use only

    1. Have a “Definition of Done” before estimating

    Scope Item For Each Feature

    ✔ Documentation

    ✔ Training

    Security

    High Availability

    ✔ Dynamic look and feel

    ✔ High Performance

  • “PMI” is a registered trade and service mark of the Project Management Institute, Inc. ©2010Permission is granted to PMI for PMI® Marketplace use only

    2. Use the actual team to estimate

    8  man   months   only  

    40  man   months  at   least  !!  

    Project Team Sales

  • “PMI” is a registered trade and service mark of the Project Management Institute, Inc. ©2010Permission is granted to PMI for PMI® Marketplace use only

    3. Respect the estimate

    IF you need to lower the bid to be competitive THEN • …maybe lower profit margins • …maybe take the project as loss-leader • …maybe offer in-kind exchange

    DO  NOT  apply  pressure   and  overtime  to  recover  

    profits  !!  

  • “PMI” is a registered trade and service mark of the Project Management Institute, Inc. ©2010Permission is granted to PMI for PMI® Marketplace use only

    4. Separate success from number of features

    ID Feature 1 Login 2 Export to Excel 3 Forgot Password … ….

    213 User Preferences 214 Facebook integration 215 Synchronize music

    ý

    Measurable  Success   Criteria  

    -­‐  New  payroll  system   -­‐  Automates  90%  of  

    submitted  workflows   -­‐  80%  of  users  satisfied  

    with  interface   -­‐  Single  Sign  On   -­‐  No  increase  in  

    operational  cost  

    þ

  • “PMI” is a registered trade and service mark of the Project Management Institute, Inc. ©2010Permission is granted to PMI for PMI® Marketplace use only

    “Run a health check”

    Proposal

    Execution

    Contract

    β

  • 19

    5. Diagnose The Problem

    V=20/ iteration  

  • 20

    5. Diagnose The Problem

    V=20/ iteration  

  • 21

    5. Diagnose The Problem

    V=20/ iteration  

    V=15/ iteration  

  • “PMI” is a registered trade and service mark of the Project Management Institute, Inc. ©2010Permission is granted to PMI for PMI® Marketplace use only

    POP QUIZ

    Proposal

    •  210 Ideal Days •  Two teams expected to

    finish project in 6 monthly iterations

    Re-Planning @ Kickoff

    •  Team re-estimates 250 Ideal Days for the same backlog

    •  Each team forecasts only 13 Ideal Days for the first iteration

    1.  How  many  more  iterations  have  been  added  to  the  schedule?   2.  If  teams  stay  the  same  for  the  whole  project,  what  is  the  

    %increase  in  labor  cost?  

  • “PMI” is a registered trade and service mark of the Project Management Institute, Inc. ©2010Permission is granted to PMI for PMI® Marketplace use only

    6. Use iterations to localize risk

    Rqmts   Arch   Dev   Test  More risk

    R  Less risk

    A   T  D   R   A   T  D   R   A   T  D  

    1   2   3  

    RLeast risk

    1   2   3  

    A D T

    R A D T

    R A D T

    R A D T

    R A D T

    R A D T

    R A D T

    R A D T

    R A D T

    Project  Schedule  

  • “PMI” is a registered trade and service mark of the Project Management Institute, Inc. ©2010Permission is granted to PMI for PMI® Marketplace use only

    Requirements Emergency !!

    Proposal

    Execution

    Contract

    γ

  • 25

    Feature Est.

    Login 5

    Export to Excel 8

    Forgot Password 3

    Facebook Integration 20

    User Preferences 13

    7. Dynamic Scope Option

    Feature Est.

    Login 5

    Export to Excel 8

    Forgot Password 3

    Facebook Integration 20

    User Preferences 13

    Original  

    Operations Log 13

    New Skin 13

    New  

    “You  may  replace  any   pending  feature  of  equal  

    or  lesser  size”  

  • 26

    8. Explain it in Money

    Cost  of   Estimation  

    Units  

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