ProjectManager.com

NOVEMBER 7, 2023

The cost performance shows if the project is effectively staying on budget or not. The project budget is only our best estimate of what it will cost. Therefore, tracking the project’s cost performance as expenses change over its life cycle is an essential part of project management. Project costs can vary.

Project Cost 367

Project Cost Budget Performance Measurement Manufacturing 367

Rebel’s Guide to PM

FEBRUARY 1, 2022

Plus, authors tend to have a different way of presenting information, so if you couldn’t grasp the basics from your training, you’ll get a different take on the topic from a deep dive into the topic from a book. It talks about measuring and monitoring velocity during an iteration too. Agile Estimating and Planning by Mike Cohn.

PMI 195

PMI Certification Estimate Software Review 195

ProjectManager.com

NOVEMBER 11, 2021

For a successful project, you need an overall picture of your work performance information (WPI). Performance reporting provides that information by putting performance measurement, quality assurance and accountability data in context. How to Disseminate the Information.

Software Review 299

Software Review Underperforming Technical Team Monitoring Executing 299

The IIL Blog

OCTOBER 17, 2023

Benchmarking Identifying a project performance indicator or practice, then assessing it against industry standards or best practices. Bottom-up Estimating A project estimation technique that leverages tactical-level team members/subject matter experts (SMEs) to break down tasks into smaller components to create a more accurate estimate.

Development Team Review 148

Development Team Review Project Life Cycle Underperforming Technical Team Estimate 148

NimbleWork

APRIL 16, 2024

Planning involves breaking down the work into manageable tasks, estimating resource requirements, and creating schedules and budgets. It helps project managers and teams organize and define the scope of work, identify tasks, and estimate resource requirements.

Process 52

Process 2030 Software Review Estimate 52

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. This, of course, is nonsense, since estimates are about the past, present, and future.

Estimate 34

Estimate Logistics Performance Measurement Governance 34

ProjectManager.com

SEPTEMBER 4, 2019

An abundance of information is created, transferred and stored over the life cycle of a project. Without a way of organizing all information a project is doomed to fail. That’s what PMIS comes in, which is an acronym for project management information system. It’s easy for something to get lost in the mix. What Is PMIS?

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

MARCH 17, 2019

Deliverables Based Planning: Providing Actional Information to the Program Manager , 11th Annual Rocky Mountain Project Management Symposium, 2009. Project Performance Management. Project Performance Management. Building a Credible Performance Measurement Baseline. Technical Performance Measures.

2003 54

2003 2011 2008 Performance Measurement 54

Epicflow Blog

NOVEMBER 8, 2021

Schedule Baseline as a Performance Baseline Component . It’s a component of a performance measurement baseline that consists of scope, schedule, and cost baselines and is included into a project plan. This information can be used to improve project time estimates in the future. .

Software Review 98

Software Review Estimate Monitoring Performance Measurement 98

Herding Cats

OCTOBER 1, 2016

For software, this can be value produced (assuming we have a unit of measure for that value in the for of effectiveness, performance, key performance parameters, or technical performance measures ). It can be the cost, schedule, and technical performance measures of the software project. https://goo.gl/DP6Jw

Closing 28

Closing Estimate Controlling Process 28

Herding Cats

APRIL 16, 2019

Project Performance Management (#PPM). Technical Performance Measures (#TPM). Cost, Schedule, and Technical Performance Management (#CSTPM). Deliverables Based Planning: Providing Actional Information to the Program Manager - 11th Annual Rocky Mountain Project Management Symposium , 2009. Risk Management (#RM).

Technical Review 42

Technical Review Performance Measurement Underperforming Technical Team Governance 42

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

DECEMBER 8, 2017

The CoU paradigm defines the needed reduction in uncertainty is some performance metric. This can be the confidence in the estimate for any variable. It can be the needed performance of a measure - Effectiveness, Performance, Key Performance Parameter, or a Technical Performance Measures.

Performance Measurement 35

Performance Measurement Technical Review 2017 2008 35

Epicflow Blog

APRIL 25, 2024

” Eli Schragenheim The lesson is: when you ask for a clear one-number estimation, without defining the level of common and expected uncertainty, then you either might face big surprises or face frequent occurrences, where the project/mission finished exactly on time.

2016 52

2016 Monitoring Risk Management Healthcare 52

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 as a Technical Performance Measure. Measure of Effectiveness. Measure of Performance.

Technical Review 35

Technical Review Performance Measurement Underperforming Technical Team Estimate 35

Herding Cats

OCTOBER 12, 2018

In Earned Value Management paradigm, progress is always measured as physical percent complete. This physical percent complete is measured as compliance with the Technical Performance Measures of the outcomes of the work efforts, that consume the budget for that work. The Measures of Performance are.

Engineering 32

Engineering Performance Measurement Underperforming Technical Team Risk Management 32

Herding Cats

JANUARY 23, 2018

The goal of every program manager is to have a set of practices that connect all the programmatic planning, risk, and performance information in a single unified view needed to support the decisions that increase the probability of success of any project or program. The shift lay in the determination of physical percent complete.

Technical Review 44

Technical Review Performance Measurement Engineering Estimate 44

Wrike

JUNE 11, 2023

In today’s digital age, customers are increasingly concerned about the security and privacy of their personal information, and businesses will want to do everything in their power to assure their customers that their data is protected to build a reputation as a trusted and reliable provider of IT services.

Risk Management 36

Risk Management Risk Underperforming Technical Team Technical Review 36

MPUG

SEPTEMBER 21, 2020

In EVM terminology, baseline is further defined as the performance measurement baseline (PMB). Performance Measurement Baseline (PMB). While it’s true that story points are used to relatively estimate work items being taken-up, work is not considered to be fully “done” until the end of the iteration.

Underperforming Technical Team 59

Underperforming Technical Team Agile Performance Measurement PMI 59

Wrike

AUGUST 30, 2021

Projects contain an abundance of information, documents, and data. Without the right software to organize all the project information, projects can go off track — so having a PMIS (or project management information system) comes in handy. Archives all project information as historical data for use in upcoming projects.

Software Review 36

Software Review Estimate Budget Monitoring 36

MPUG

JULY 10, 2023

We will also provide the formulas you need to calculate your data and make informed decisions. Now we’ve looked at some cost performance measures, let’s look at a few more specifically aimed at managing schedule performance.

Budget 40

Budget Controlling Performance Measurement Finance 40

Herding Cats

DECEMBER 4, 2017

Measures of Performance - are performance measures that characterize physical or functional attributes relating to the system operation, measured or estimated under specific conditions. Measures of Performance. The Technical Performance Measures. Related articles.

2005 37

2005 Performance Measurement Closing Controlling 37

Herding Cats

DECEMBER 29, 2017

To make some conjecture that some process will fix the problem - Estimates are the smell of dysfunction and NOT Estimating will fix that dysfunction - is naive at best and willfully ignorant of Root Cause Analysis at worse. Document needed information in writing. Measures of Performance. Related articles.

Process 56

Process Estimate Engineering Performance Measurement 56

Techno-PM

SEPTEMBER 2, 2021

To measure effectiveness, you need three things: quantitative data about performance measurements, qualitative data about stakeholder satisfaction with outcomes achieved (or dissatisfaction), and information on contextual factors affecting success or failure. Keep everyone informed about challenges 8.

Executing 36

Executing Monitoring Performance Measurement Controlling 36

Herding Cats

JULY 9, 2018

Often, these systems can readily exchange only information and knowledge with one another, and not substantial quantities of physical mass or energy. The system of systems performs functions and carries out purposes that do not reside in any component system. Cost, Schedule, and these measures are tightly interconnected.

2001 31

2001 Software Estimate Performance Measurement 31

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 . Bottom-Up Estimating . Bottom-Up EAC (estimate at completion) Method .

Software Review 45

Software Review Project Life Cycle Estimate Technical Review 45

Herding Cats

NOVEMBER 19, 2018

The only answer to that is a measure of Physical Percent Complete (P%C). P%C starts with defining the Measures of Performance and Technical Performance Measures for each deliverable as a function of time. These measures are supported by Quantifiable Backup Data. What is your actual condition? .

2010 39

2010 Governance Government Performance Measurement 39

Herding Cats

JULY 9, 2018

Often, these systems can readily exchange only information and knowledge with one another, and not substantial quantities of physical mass or energy. The system of systems performs functions and carries out purposes that do not reside in any component system. Cost, Schedule, and these measures are tightly interconnected.

2001 28

2001 Software Estimate Performance Measurement 28

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 . Bottom-Up Estimating . Bottom-Up EAC (estimate at completion) Method .

Software Review 40

Software Review Project Life Cycle Estimate Technical Review 40

International Institute for Learning

OCTOBER 4, 2022

Benchmarking is an outward looking process of continuously measuring and comparing your company’s processes against an organization anywhere in the world to gain information that will help your organization improve its performance and competitive position. Cost savings of a certain percentage or dollar value.

Aerospace 59

Aerospace Underperforming Technical Team Governance Government 59

Herding Cats

FEBRUARY 12, 2018

Uncertainty is a state or condition that involves a deficiency of information and leads to inadequate or incomplete knowledge of understanding. risks that may prevent the end item from performing as intended or not meeting performance expectations. risks that affect the cost and schedule measures of the program.

Risk 39

Risk Technical Review 2009 2010 39

Herding Cats

APRIL 30, 2019

A recent lawsuit by Hertz Rental Car against Accenture has turned into a rallying cry by Agilest and No Estimates advocates. Of course, No Root Cause analysis has been performed by these advocates, but it makes good click bait for their followers. What are the Measures of Performance for each Deliverable that implements a Capability.

Software Review 41

Software Review Technical Review Engineering 2018 41

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). Tolerance bands for the project base weight provide management with actionable information about the progression of the program.

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. There can be cost and schedule performance measures as well.

Technical Review 28

Technical Review Estimate 2005 Software Review 28

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." While the human behaviors are real and observable, conjecturing that decisions can be made in the presence of uncertainty without estimating the outcome of those decisions, there is no principle to support that conjecture.

Underperforming Technical Team 44

Underperforming Technical Team Estimate 2003 Software Review 44

Wrike

MARCH 4, 2021

Estimating turnaround times. Reviewing performance . You must spell out performance measures in your contract so all vendors understand their responsibilities. There may be back-and-forth communication to get reviews, approvals, changes, feedback, and other information necessary to deliver a successful project.

Performance Measurement 36

Performance Measurement Defining Monitoring Process 36