article thumbnail

Fallacy of the Day

Herding Cats

In the Project Controls paradigm, Value is a measurable attribute of the project controls process - a Closed Loop Control measure. The units of measures of Cost and Time are straightforward. Here are definitions from "Technical Measurement," INCOSE-TP-2005-020-10. INCOSE-TP-2005-020-10.

2005 37
article thumbnail

A Compendium of Works to Increase the Probability of Project Success

Herding Cats

Open Loop / Closed Loop Project Controls. Integrated Master Plan: The Foundation of Program Success , College of Performance Management, May 21, 2014. The Nine "I's" of Program Success ," College of Performance Management. Project Performance Management. Building a Credible Performance Measurement Baseline.

2003 54
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Cone of Uncertainty - Part Cinq

Herding Cats

When actual measures of cost, schedule, and technical performance are outside the planned cone of uncertainty, corrective actions must be taken to move those uncertanties inside the cone of uncertanty, if the project is going to meet it's cost, schedule, and technical performance goals. . Resources. [1]

article thumbnail

Cone of Uncertainty - Part Cinq (Updated)

Herding Cats

- How much variance reduction needs to take place in the project attributes (risk, effectiveness, performance, cost, schedule - shown below) at what points in time, to increase the probability of project success? This is a closed loop control system for managing the program with a T echnical Performance Measure (TPM).

article thumbnail

Cone of Uncertainty - Part Trois

Herding Cats

When actual measures of cost, schedule, and technical performance are outside the planned cone of uncertainty, corrective actions must be taken to move those uncertanties inside the cone of uncertanty, if the project is going to meet it's cost, schedule, and technical performance goals. . Air Force. [4]

article thumbnail

Compendium of Works to Increase Probability of Project Success

Herding Cats

Project Performance Management (#PPM). Technical Performance Measures (#TPM). Cost, Schedule, and Technical Performance Management (#CSTPM). Open Loop / Closed Loop Project Controls - project management is a closed loop control system. Project Performance Management. Management Processes (#MP).

article thumbnail

Risk Management is How Adults Manage Projects

Herding Cats

All making things smaller dos is show that you're late, over budget, and what you're building (Technical Performance Measures) doesn't work faster. It just closed the loop faster. Cooper, Stephen Grey, Geoffrey Raymond, and Phil Walker, John Wiley & Sons, 2005. This is good, but it doesn't reduce risk.