Kiron Bondale
DECEMBER 11, 2016
Such definitions might constrain the degree of flexibility which a project team possesses but will support governance and oversight through increased consistency and predictability. Let’s consider a team’s degree of confidence in its estimates. Issue or risk severity and probability. What does “High” mean?
Ron Rosenhead
SEPTEMBER 17, 2015
I came across an interesting report published by the National Audit Office (NAO) – which exists to provide independent opinion and evidence to assist Parliament and hold government to account. It is called “Initiating successful projects” and was first published in December 2011. The report goes on to suggest: “….our
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Herding Cats
MARCH 17, 2019
Project Governance. Establishing the Performance Measurement Baseline (PMB) , AACE Workshop, Denver, Colorado, April 16, 2011. Establishing the Performance Measurement Baseline , AACE Workshop , April 16, 2011. Increasing the Probability of Program Success, using the Principles of Earned Value Management , 11/15/2011.
Herding Cats
OCTOBER 5, 2018
The primary purpose of software estimation is not to predict a project’s outcome; it is to determine whether a project’s targets are realistic enough to allow the project to be controlled to meet them ? The difficulty of accurate size estimation is compounded especially at the time of inception when very little information is available.
Herding Cats
MARCH 11, 2017
What happens if you shift focus from "accurate estimation" to "reliably shipping by a date"? . If your project has no uncertainty, there is no need to estimate. All estimates have precision and accuracy. Deciding how much precision and accuracy is needed for a credible estimate is critical to the success of that decision.
ProjectManager.com
AUGUST 29, 2023
Baseline A baseline is an estimate of the project’s scope, schedule and costs that is created during the planning stage. Cost overrun This is the actual cost that exceeds the estimated cost in the budget, also known as a cost increase or budget overrun.
Herding Cats
MAY 10, 2019
requires making estimates) ? 5, September/October 2011. A Simulation-Based Risk Network Model for Decision Support in Project Risk Management,” Chao Fang and Franck Marle, in Decision Support Systems , Elsevier, 2011. Estimation of Long?Term Making these decisions in the presence Uncertainty ? reducible and irreducible ?
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