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Risk Management in Five Easy Pieces, with Apologies to Jack

Herding Cats

Managing Cost, Schedule, & Technical Performance Risk Is The Basis Of Good Project Management. Certain information about key project cost, performance, and schedule attributes are often unknown until the project is underway. These risks can be mitigated with a good risk management process. A good risk management process is proactive and fundamentally different than issue management or problem-solving, which is reactive. Risk Management Process Model.

2017 37

A Compendium of Works to Increase the Probability of Project Success

Herding Cats

Managment Processes. 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. Making the Impossible Possible: Applying Heliotropic Abundance for creating Program and Project Management Processes. Forming, Storming, Norming, Performing, and Adjourning. Project Performance Management. Measures of Product Value is Exchange for Its Cost.

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Fallacy of the Day

Herding Cats

Project Controls are Management Actions, either preplanned to achieve the desired result, or taken as a corrective measure prompted by the monitoring process. Project controls are concerned with the metrics of the project – quantities, time, cost, and other resources and their measurable beneficial outcomes for the project. In the Project Controls paradigm, Value is a measurable attribute of the project controls process - a Closed Loop Control measure.

2017 34

Compendium of Works to Increase Probability of Project Success

Herding Cats

Management Processes (#MP). Project Performance Management (#PPM). Technical Performance Measures (#TPM). Cost, Schedule, and Technical Performance Management (#CSTPM). The overarching theme is focused on defining what Done looks like, assessing progress toward Done in units of measure meaningful to the decision makers. Those units always start with Measures of Effectiveness and Measures of Performance. Management Processes.

2019 37

Project Status Reporting – 6 Key Considerations

Project Health Check

The entire purpose of the Start-up Phase of a Project is to produce a comprehensive Plan for the Project; consisting of an integrated Performance Measurement Baseline (Time, Cost, Scope) and an associated Project Management Plan to monitor and control it. So far so good; but when an organisation is orchestrating its status reporting process, what does it need to consider? What other considerations can you think of for designing Project Status Reporting processes?

2017 192

Communications Management: PMP Study Guide (PMBOK 6th Edition)


Project Communications Management is the process of planning, collecting, storing, and updating project information. In this article, we will cover the key terms and three processes in the Communications Management Knowledge Area. Influencing organization. Plan Communications Management is the process of developing communications plans and processes based on the existing procedures and stakeholder’s needs. Performance reporting.

Microeconomics and Risk Management in Decision Making for Software Development

Herding Cats

Take for example the deployment of an ERP system, the installation, and startup of a process control system, the release of a suite of embedded software controllers for a car, aircraft, petrochemical plant. 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.

2007 32

Why Johnny Can't Do The Math

Herding Cats

All business microeconomics decision processes focus on Value, but along with that is the equal focus on the Cost to produce that Value. Ergodic processes are stochastic processes with a statistical property that can be deduced from a single, sufficiently long, random sample of the underlying process. Non-Ergodic processes don't possess this property. Software development is a non-ergodic process. A Darwinian evolution process is non-ergodic.