Rebel’s Guide to PM

FEBRUARY 1, 2022

I believe you won’t need to read all of the books on the agile exam reading list, so pick one or two that suit your budget and your learning style. It talks about working with customers and customer proxies, defining acceptance tests and then goes on to discuss ways of agile estimating and planning how to use those stories in an iteration.

PMI 195

PMI Certification Estimate Software Review 195

ProjectManager.com

SEPTEMBER 4, 2019

The Project Management Book of Knowledge (PMBOK) states that a PMIS is “an information system consisting of the tools and techniques used to gather, integrate, and disseminate the outputs of project management processes. Budget: Associate cost with individual tasks for more accurate budget estimation and generation.

Software Review 213

Software Review Project Life Cycle Closing Budget 213

Herding Cats

OCTOBER 11, 2016

I work in the Software Intensive System of Systems domains in Aerospace, Defense, Enterprise IT (both commercial and government) applying Agile, Earned Value Management, Productive Statistical Estimating (both parametric and Monte Carlo), Risk Management, and Root Cause Analysis with a variety of capabilities. NASA Cost Estimating Handbook.

Performance Measurement 28

Performance Measurement Aerospace 2006 Estimate 28

Herding Cats

APRIL 29, 2017

What is an estimate? An estimate as a noun is an approximate calculation or judgment of the value, number, quantity, or extent of something. An estimate as a verb is to roughly calculate or judge the value, number, quantity, or extent of. But those estimates, nouns, and verbs themselves's have other attributes.

Estimate 46

Estimate Risk Management Risk SCRUM 46

ProProfs Project Management

JANUARY 21, 2020

You winged the entire project execution process, and now the theory of it all is taking a toll on you. . An assumption in project management refers to assuming about possible factors or situations that may occur in the project planning process that it may actually happen. Performance Measurement Baseline. Deliverable.

Underperforming Technical Team 111

Underperforming Technical Team Estimate Risk Management Defining 111

Herding Cats

AUGUST 27, 2017

There's a recent post titled Four Fallacious Reasons to Estimate. It lists the usual suspects for why those spending the money think they don't have to estimate how much they plan to spend when they'll be done producing the value they've been assigned to produce for that expenditure. Let's look at each one in more detail.

Estimate 46

Estimate Software Review Underperforming Technical Team Technical Review 46

Workamajig

JUNE 11, 2019

A robust PM system might tell you how a project is doing at any moment, but it can’t tell you how the organization or its constituent people are performing. Measuring and monitoring project management metrics fills this gap. Helps you demonstrate performance - a particularly important benefit for project and account managers.

Estimate 93

Estimate Budget Infrastructure Performance Measurement 93

Herding Cats

MAY 1, 2017

Performance–Based Project Management ® integrates five critical program management process areas with – Cost, Schedule, and Technical Performance Measures. The inclusion of Technical Performance Measures (TPM) separates this approach from conventional methods based solely on managing cost and schedule.

Performance Measurement 42

Performance Measurement Estimate Risk Management Budget 42

Herding Cats

OCTOBER 12, 2018

It is applied through the application of systems engineering processes within a managed lifecycle working with a number of other management, engineering, and specialist disciplines. Progress and Value are measured with the same in Earned Value Management. The Measures of Performance are. Technical Performance Measures.

Engineering 32

Engineering Performance Measurement Underperforming Technical Team Risk Management 32

Herding Cats

DECEMBER 4, 2017

Project Controls are Management Actions, either preplanned to achieve the desired result, or taken as a corrective measure prompted by the monitoring process. Project controls are concerned with the metrics of the project – quantities, time, cost, and other resources and their measurable beneficial outcomes for the project.

2005 37

2005 Performance Measurement Closing Controlling 37

Techno-PM

SEPTEMBER 2, 2021

Project Execution is a project management strategy that incorporates continuous processes and activities to monitor, control, and communicate progress on projects. Controlling (ensuring effectiveness): Control is the process of ensuring that a system's output meets the needs and expectations of its stakeholders. Define your timeline 2.

Executing 36

Executing Monitoring Performance Measurement Controlling 36

Project Pulse Journal

MARCH 7, 2024

This system encompasses processes, principles, understanding customer preferences, and best practices designed to optimize project outcomes while aligning with organizational objectives. Efficiency and effectiveness are also measures of value creation. Efficiency and effectiveness are also measures of value creation.

Governance 52

Governance Government Technical Review Sustainability 52

Techno-PM

SEPTEMBER 9, 2021

Program Management (PM) is the process of managing a set of related projects, or programs, to achieve an objective. Program Management can be defined as developing and implementing projects by managing the work, people, time, and budget. It ensures they have a clear goal, scope, budget, schedule, and resource allocation.

Budget 36

Budget Monitoring Performance Measurement Defining 36

Herding Cats

JUNE 19, 2017

The Cone of Uncertainty as a Technical Performance Measure. Of late, Cone of Uncertainty has become the mantra of No Estimates advocates claiming that data is needed BEFORE the Cone is of any use. The Cone of Uncertainty is the framework for improving the needed performance of the project. Measure of Effectiveness.

Technical Review 35

Technical Review Performance Measurement Underperforming Technical Team Estimate 35

Herding Cats

JANUARY 19, 2018

Have sufficient Contingent Budget and Management Reserve to cover the cost variances from the naturally occurring cost behaviors, event-based impacts on cost, or cover things that go wrong with the Risk Cost coverage. Have sufficient Technical Performance Measures margin to cover the required performance measure of the Capabilities.

Performance Measurement 31

Performance Measurement Estimate Finance Manufacturing 31

Herding Cats

JULY 24, 2017

The paper on the Cone of Uncertainty is used by many in the No Estimates community as an example of why estimates are of little use. In this paper, there is data that does not follow the Cone of Uncertainty, in that the uncertainty of the estimates does not reduce as the project proceeds. Then there is some analysis.

2007 42

2007 2012 2006 2008 42

Herding Cats

FEBRUARY 9, 2018

I've seen estimates abused by bad managers, so let's NOT estimate and that will fix the behavior of Bad Managers." The "bad management" is itself a symptom of untrained, inexperienced, unskilled decision making processes in the presence of uncertainty. . Let's look at what an estimate is.

Underperforming Technical Team 44

Underperforming Technical Team Estimate 2003 Software Review 44

Herding Cats

MARCH 4, 2017

The uncertainty is always there, it doesn't go away with specific actions in specific domains, or with the use of any tools, processes, or practices. This includes the Measures of Effectiveness (MoE), Measures of Performance (MoP), Key Performance Parameters (KPP), and Technical Performance Measures (TPM) of the deliverables.

2010 28

2010 2007 Estimate Aerospace 28

Herding Cats

JANUARY 29, 2018

The principles of microeconomics of decision making in the presence of uncertainty mandates you make estimates of how to achieve that Value in terms of cost and schedule, those three (and all) variables are random variables, usually driven by a stochastic process. I'll attend with a follow-up. .

Manufacturing 40

Manufacturing Estimate Risk Management Budget 40

Wrike

JULY 1, 2020

In fact, HR professionals are increasingly adopting project management tools to improve their processes and workflows. . Using formal project management processes, procedures, and tools can help lower risk and increase success on all of these long-term HR activities. Some of the outcomes of this process include: .

Underperforming Technical Team 36

Underperforming Technical Team Software Review Performance Measurement Executing 36

Herding Cats

JUNE 4, 2017

No matter the engineering processes used to produce the outcomes from the project. The test of the hypothesis for projects are the Measures of Effectiveness, Measures of Performance, Key Performance Parameters, and techTechnicalformance Measures used to assess progress to plan for the project. No Estimating?

Estimate 39

Estimate Risk Management Risk Engineering 39

Herding Cats

JANUARY 22, 2017

The Cone is a project management framework describing the uncertainty aspects of estimates (cost and schedule) and other project attributes (cost, schedule, and technical performance parameters). This is a closed loop control system for managing the program with a T echnical Performance Measure (TPM).

Technical Review 28

Technical Review 2005 Estimate Software Review 28

Herding Cats

FEBRUARY 4, 2017

The Cone is a project management framework describing the uncertainty aspects of estimates (cost and schedule) and other project attributes (cost, schedule, and technical performance parameters). Estimates are needed but are subject to large level of uncertainty. This is due to many reasons.

Technical Review 28

Technical Review Estimate 2005 Software Review 28

Herding Cats

AUGUST 19, 2016

2nd Law of Thermodynamics states that the total entropy of an isolated system always increases over time, or remains constant in ideal cases where the system is in a steady state or undergoing a reversible process. The increase in entropy accounts for the irreversibility of natural processes, and the asymmetry between future and past.

Performance Measurement 28

Performance Measurement Estimate Software Developers Software Development 28

Herding Cats

JANUARY 14, 2017

The Cone is a project management framework describing the uncertainty aspects of estimates or any other project attribute (in this post, cost, schedule, and technical performance parameters). This is a closed loop control system for managing the program with a T echnical Performance Measure (TPM). Related articles.

Technical Review 28

Technical Review Software Review Underperforming Technical Team Risk Management 28

Herding Cats

JUNE 4, 2016

It is wrong to suppose that if you can’t measure it, you can’t manage it – a costly myth. This is used in support of the fallacy that estimates aren't needed to make decisions in the presence of uncertanty. Technical Performance Measures. Who's Budget is it Anyway? Related articles. IT Risk Management.

Software Engineering 28

Software Engineering Performance Measurement Finance Manufacturing 28

Herding Cats

AUGUST 12, 2016

Unrealistic performance expectations missing Measures of Effectiveness and Measures of Performance. Unrealistic Cost and Schedule estimates based on inadequate risk adjusted growth models. Before diving into the details of these, let me address another issue that has come up around project success and estimates.

Technical Review 28

Technical Review Estimate 2003 Aerospace 28

Herding Cats

OCTOBER 16, 2018

PP&C lives in the domain of Project Management and Controls, which is a Technical Management Processes of ISO 15288. In ISO 15288 this is the role of the Risk Management Processes. For approaches that have been implemented on existing systems, obtaining such understanding may require measurement and analysis.

Aerospace 41

Aerospace Engineering 2012 2014 41

Herding Cats

JANUARY 17, 2017

The Cone is a project management framework describing the uncertainty aspects of estimates (cost and schedule) and other project attributes (cost, schedule, and technical performance parameters). This is a closed loop control system for managing the program with a T echnical Performance Measure (TPM).

Technical Review 28

Technical Review 2005 Estimate Software Review 28

Herding Cats

JUNE 9, 2018

There is always lots of complaining about the biases introduced into managing projects and making the estimates needed to make project decisions. Because of that, we don't separate the thinking processes into a dual-system. This means putting a formal process in place for making that decision. System One - automatic.

Transportation 39

Transportation Software Engineering Finance 2011 39

Herding Cats

JUNE 9, 2018

There is always lots of complaining about the biases introduced into managing projects and making the estimates needed to make project decisions. Because of that, we don't separate the thinking processes into a dual-system. This means putting a formal process in place for making that decision. System One - automatic.

Transportation 28

Transportation Software Engineering Finance 2011 28

ProjectManager.com

DECEMBER 24, 2019

You can even interview other team members and stakeholders by using these questions as a basis for your interview process. Keeping an open line of communication on many ends will not only lessen risk but will ensure a seamless project process. Estimate & Review the Time it Takes to Complete Each Task.

Software Review 277

Software Review Risk Management Risk Performance Measurement 277

Herding Cats

JULY 17, 2017

I work in a domain where estimates are made every single week. Estimate to Complete (ETC), Estimate at Completion (EAC), Estimated Completion Date (ECD) are the life blood of our software intensive system of systems programs. People, Processes, and Tools all interacting in complex and complicated ways. .

Estimate 34

Estimate Logistics Performance Measurement Governance 34

Herding Cats

APRIL 16, 2019

Management Processes (#MP). Project Performance Management (#PPM). Technical Performance Measures (#TPM). Cost, Schedule, and Technical Performance Management (#CSTPM). Management Processes. Project Success Assessment - A checklist for assessing the processes for project success. On Being a Leader.".

Technical Review 42

Technical Review Performance Measurement Underperforming Technical Team Governance 42

Workamajig

JANUARY 11, 2021

Acceptance Test: A process through which a project's end users run through the project to identify any potential issues before it can be formally accepted. Actual dates are different from planned or estimated dates. Actual Effort: The actual effort spent to complete the activity, as opposed to the planned or estimated effort.

Underperforming Technical Team 78

Underperforming Technical Team Project Life Cycle Estimate Risk Management 78

Epicflow Blog

OCTOBER 8, 2019

Activity Duration Estimates Review . is a process of detecting risks related to the time allowances for activities in particular or a project in general, with the width of estimates range indicating a respective level of risk. Analogous Estimating . is a state of resource allocation performed by a project manager.

Software Review 45

Software Review Project Life Cycle Estimate Technical Review 45

Epicflow Blog

OCTOBER 8, 2019

Activity Duration Estimates Review . is a process of detecting risks related to the time allowances for activities in particular or a project in general, with the width of estimates range indicating a respective level of risk. Analogous Estimating . is a state of resource allocation performed by a project manager.

Software Review 40

Software Review Project Life Cycle Estimate Technical Review 40