The IIL Blog

OCTOBER 17, 2023

This is generally initiated by the customer/client or stakeholders. Earned Value Management (EVM) A systematic approach to project performance measurement assessing schedule and cost performance. Project Closure Report A document summarizing the project’s overall performance, outcomes, and lessons learned.

Development Team Review 148

Development Team Review Project Life Cycle Underperforming Technical Team Estimate 148

The Strategic Project Manager

MARCH 14, 2024

In practicing Project Portfolio Management (PPM), they can prioritize initiatives that align with the organization’s overall strategy of value innovation. Risk Management – Project managers can leverage value innovation principles to inform risk management strategies.

Innovation 52

Innovation Sustainability Performance Measurement Risk Management 52

NimbleWork

APRIL 16, 2024

Initiating: This process involves defining the project and obtaining authorization to begin work. Planning: In this process, project managers develop a comprehensive project plan that outlines the scope, schedule, budget, resources, and risks associated with the project. The Five Project Management Processes: 1.

Process 52

Process 2030 Software Review Estimate 52

The Strategic Project Manager

MARCH 11, 2024

Community Engagement: Starbucks engages with local communities through initiatives like ethical sourcing, environmental sustainability, and charitable donations. Performance Evaluation: Use the Strategy Canvas to monitor and evaluate the effectiveness of your strategic initiatives over time. Value: High. Value: Moderate.

Technical Review 105

Technical Review Innovation Sustainability Retail 105

Project Pulse Journal

APRIL 25, 2024

It includes monitoring the progress of projects in the portfolio, ensuring they deliver the expected benefits, and making necessary adjustments to the portfolio based on performance and strategic changes. Performance Measurement Implementing and maintaining performance measures and metrics is essential for assessing success.

PMO 52

PMO Governance Government 2014 52

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

ProjectManager.com

SEPTEMBER 4, 2019

It is used to support all aspects of the project from initiating through closing and can include both manual and automated systems.”. The information is also critical for future projects in terms of reducing risk, improving efficiencies and lowering costs. Therefore, a PMIS is so important. PMIS Throughout the Project Life Cycle.

Software Review 217

Software Review Project Life Cycle Closing Budget 217

Entry

SEPTEMBER 1, 2017

To simplify things, here are five steps critical to the successful management of a project: Step 1: Initiate the Project by Defining the Scope. The project plan should contain performance measures and any process changes that need to take place and who and what will these changes impact. Step 3: Initiate the Project Plan.

Software Review 150

Software Review Infrastructure Performance Measurement Initiating 150

Project Pulse Journal

MARCH 18, 2024

Imagine navigating project risks confidently with efficient resource utilization, managing projects for maximum efficiency, and promoting a culture of transparency and accountability within your project team and organization. This supports setting up the crucial aspects of project governance components.

Governance 52

Governance Government Risk Management 2015 52

Project Pulse Journal

MARCH 7, 2024

Creating Value At the core of the system for value delivery lies the objective of creating tangible value for stakeholders through project initiatives; this involves identifying and prioritizing the outcomes, benefits, and deliverables that align with organizational goals, strategies, and stakeholder needs.

Governance 52

Governance Government Technical Review Sustainability 52

Leading Agile

APRIL 29, 2021

Return on Investment or ROI is a performance measure used to evaluate the efficiency of an investment. This is because they are many competing priorities within each company all craving for that cash that can be invested in various strategic initiatives. Payback Period.

Finance 72

Finance Agile Performance Measurement Estimate 72

MPUG

APRIL 4, 2022

For example, it may be that some planned meetings didn’t materialize, planned tasks were never started, or your team didn’t execute a set of risk mitigation tasks because the risk(s) didn’t occur. It’s possible that during a project life cycle, some planned activities are never executed.

Closing 109

Closing Performance Measurement Project Life Cycle Executing 109

ProProfs Project Management

MARCH 18, 2020

Initiating. Initiation is the very first phase of project management, and it is all about measuring the value, benefits, and feasibility of the project. The main tools used in initiation are the business case document and the benefits management plan. . Risk : This is an integral part of planning.

Process 99

Process Project Life Cycle Development Team Review Risk Management 99

Kiron Bondale

APRIL 17, 2016

Objectives and performance measures for these staff should include a healthy balance between operational and project success metrics. Project managers will be expected to provide feedback into the performance evaluations of the team members who had worked on their projects.

2016 120

2016 PMO Influencer Performance Measurement 120

ProProfs Project Management

JANUARY 21, 2020

Performance Measurement Baseline. This creates a point of comparison of all the other baselines to evaluate project performance. Risk is any positive or negative event that can affect project execution. Qualitative Risk Analysis. Quantitative Risk Analysis. Initiation Phase. Optimistic Duration.

Underperforming Technical Team 111

Underperforming Technical Team Estimate Risk Management Defining 111

Wrike

SEPTEMBER 3, 2023

Leaders should actively participate in improvement initiatives, communicate the vision, and empower employees to contribute to the organization’s overall excellence. This commitment encourages employees to embrace change, take risks, and challenge the status quo in pursuit of excellence.

Healthcare 36

Healthcare Retail Technical Review Sustainability 36

Techno-PM

MARCH 28, 2022

A dashboard provides real-time visibility into all ongoing projects, including their status, progress, risks, budgeting, and more. Increased complexity in implementation , which leads to increased risk. This ensures that everything gets done in time and according to priorities. Increased cost for training. Lack of flexibility.

Planning 68

Planning Technical Review Infrastructure Certification 68

Wrike

JULY 29, 2023

By understanding the business’s strengths, weaknesses, opportunities, and threats, businesses can make informed decisions and develop strategies that leverage their strengths and mitigate potential risks. Goals and objectives: These are specific, measurable targets that the organization aims to achieve.

Technical Review 36

Technical Review Planning Underperforming Technical Team Development Team Review 36

nTask

APRIL 28, 2021

Add control points and measurements. This includes identifying process risks or sustainability measures to monitor the process. Process improvement tools are techniques and methods to be used by organizations that will drive improvements in quality and performance, targeting the processes of a business.

Sustainability 120

Sustainability Process Underperforming Technical Team Lean 120

Techno-PM

SEPTEMBER 9, 2021

It is important to note that while project management focuses on individual projects or initiatives, program management deals with groups of related projects managed together to meet objectives over a given period. Therefore, it's essential to have qualified managers in place when the program becomes more complex or large-scale.

Budget 36

Budget Monitoring Performance Measurement Defining 36

Wrike

JUNE 11, 2023

For example, a company that aims to increase its market share by 10% within a yearn would consider implementing strategies and initiatives that contribute to the achievement of this goal. While both are important, prioritizing one over the other can lead to potential risks and drawbacks.

Software Review 36

Software Review Technical Review Innovation Performance Measurement 36

International Institute for Learning

OCTOBER 4, 2022

Gap can also exist for performance improvement expectations such as: Reduction in risk by a certain percentage, cost, or time. But we view the transitioning risk template as proprietary knowledge not to be shared.”. Therefore, it will be necessary to benchmark the metrics use as part of performance measurement.

Aerospace 59

Aerospace Underperforming Technical Team Governance Government 59

ExamsPM

JUNE 20, 2017

Be a communications expeditor – initiate relationships. Keeping open communication channels with the stakeholders is key so they can inform the project manager of potential changes, added risks, and other information. Trend report – examines project results over time to see if performance is improving or deteriorating.

Communications Management 31

Communications Management Technical Review Performance Measurement Influencer 31

Wrike

JULY 1, 2020

Smarter hiring, workplace culture initiatives, and day-to-day operational excellence are all priorities in the industry, meaning that project management for HR has never been more important. Using formal project management processes, procedures, and tools can help lower risk and increase success on all of these long-term HR activities.

Underperforming Technical Team 36

Underperforming Technical Team Software Review Performance Measurement Executing 36

Herding Cats

NOVEMBER 14, 2018

Using this method, the performance, cost, time, and risks of alternatives can be articulated as ratios that can then be compared with one another. This decision model for software development projects addressed: performance, cost, time, and risk. Mathematically, the value equals performance over cost plus time.

Technical Review 47

Technical Review 2010 2014 Software Developers 47

MindGenius

JUNE 26, 2019

The terms that will be covered are: Work Breakdown Structure Stakeholder Project Sponsor Six Sigma Project Scope Creep Risk Management Process Gantt Chart Brainstorming Baseline Quality Management Plan Work Breakdown Structure Work Breakdown Structure (WBS) defines the work that is mandatory to produce the end goal of the project.

Risk Management 28

Risk Management Prince2 Risk Controlling 28

Herding Cats

MARCH 4, 2017

This is an immutable principle that impacts planning, execution, performance measures, decision making, risk, budgeting, and overall business and technical management of the project and the business funding the project no matter the domain, context, technology or any methods. We need a formal risk management process.

2010 28

2010 2007 Estimate Aerospace 28

Herding Cats

FEBRUARY 9, 2018

In the project domain, an estimate is a calculated approximation of some desired measurement. This is usually a cost, a completion date, a performance measure used in a closed loop control system to keep the project GREEN while delivering the needed Capabilities to produce the Value for the customer at the needed time for the needed cost.

Underperforming Technical Team 44

Underperforming Technical Team Estimate 2003 Software Review 44

Herding Cats

APRIL 16, 2019

Business, Technical, Systems, Risk, and Project Management Briefings and Presentations. Project Performance Management (#PPM). Risk Management (#RM). Technical Performance Measures (#TPM). Business, Technical, Systems, Risk, and Project Management. Project Performance Management. Management Processes.

Technical Review 42

Technical Review Performance Measurement Underperforming Technical Team Governance 42

Epicflow Blog

OCTOBER 8, 2019

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. It contains all the details about the tasks a project team has to perform. . Activity Attributes . Activity Duration Estimates Review .

Software Review 45

Software Review Project Life Cycle Estimate Technical Review 45

Workamajig

JANUARY 11, 2021

Accept: A response to a project risk where the project manager accepts the risk and takes no action to evade it, i.e. 'accepting' the risk. This is usually in case of risks that are unlikely to occur or minor enough so as to not affect the project's outcome. A project sponsor can request an audit.

Underperforming Technical Team 78

Underperforming Technical Team Project Life Cycle Estimate Risk Management 78

Epicflow Blog

OCTOBER 8, 2019

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. It contains all the details about the tasks a project team has to perform. . Activity Attributes . Activity Duration Estimates Review .

Software Review 40

Software Review Project Life Cycle Estimate Technical Review 40

Herding Cats

APRIL 30, 2019

Root Cause Analysis is Risk Management, that asks the question what is the condition or activity that will create a risk to the success of our project? Because of Hertz's work with Accenture in the initial planning phases, Hertz trusted Accenture to lead the project and deliver website and apps that met Hertz's business requirements.

Software Review 41

Software Review Technical Review Engineering 2018 41

Rebel’s Guide to PM

SEPTEMBER 26, 2016

In parallel, organisations demand greater project collaboration capabilities to deal with more challenging projects and improved portfolio analytics to better manage portfolio risk but cannot find an all-in-one tool to satisfy all their needs. What we shouldn’t forget is that business could be very digital but at the same time not efficient.

Software Review 150

Software Review Software Technical Review PMI 150

Herding Cats

NOVEMBER 29, 2017

Designing, building, testing, and deploying complex systems is fraught with risk. And as always risk comes from uncertainty. Much has been written about the sources of risk and how to Manage in the Presence of Uncertainty (This briefing describes how risk is managed for each element of the Integrated Master Plan). .

Planning 42

Planning Software Review Governance Government 42

Wrike

AUGUST 30, 2021

Project initiation phase. In the initiation phase of the project, a PMIS can be helpful in: Establishing a preliminary project budget including cost and resource estimates. Supports the efficient completion of multiple project modules, such as material management, cost management, project performance measurement, and project reporting.

Software Review 36

Software Review Estimate Budget Monitoring 36

Epicflow Blog

OCTOBER 16, 2023

Carrying an Umbrella (Risk Buffer). Keeping a Spare Tire (Risk & Resource Buffer). Having Insurance (Risk Buffer). While time buffers are most common, there are several types to know, each targeting specific risks. Most vehicles come with a spare tire. Dressing in Layers (Flexibility Buffer).

2016 52

2016 Monitoring Risk Management Healthcare 52