article thumbnail

Modeling the Future is the Basis of Project Success

Herding Cats

For approaches that have been implemented on existing systems, obtaining such understanding may require measurement and analysis. For scenarios where the project under consideration does not yet exist, performance prediction using analytical modeling or simulation is necessary. In the construction business, this is well understood.

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. Henry Montgomery (Editor), Universitetsforlaget; UK Edition, November 28, 2011. 3421, Second Edition, December 2011. This is good, but it doesn't reduce risk.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Microeconomics and Risk Management in Decision Making for Software Development

Herding Cats

risks that may prevent the end item from performing as intended or not meeting performance expectations. Measures of Effectiveness, Measures of Performance, Technical Performance Measures, and Key Performance Parameters describe the measures of these expectations. July 20, 2011.

article thumbnail

Complete Collection of Project Management Statistics 2015

Wrike

Construction/. earned an average of 16% more (approximately $14,500 ) than their non-credentialed peers in 2011. [6]. Construction – 34%. Implement/enhance performance measurement process – 39%. [13]. Average Salary of Senior-Level PM by Industry: . 147,600. . Aerospace/. 116,100. . Government – Federal.

2015 60