Epicflow Blog
JUNE 10, 2022
The aerospace engineering sector deals with mostly large and complex projects. What are the most typical risks associated with aerospace engineering projects, and how to manage them effectively? Main Risks Affecting Aerospace Engineering Projects. Aerospace Standard.
Epicflow Blog
OCTOBER 1, 2022
Let’s dive into the causes for budget overrun in aerospace and defense projects, and consider the ways of preventing them. What causes budget overrun in aerospace and defense projects? . Unrealistic cost estimates. Try to provide realistic cost estimates.
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Epicflow Blog
JANUARY 17, 2022
In the previous article , we’ve reviewed the most prominent trends that are expected to impact the aerospace and defense industry this year. Challenges In the Aerospace & Defense Projects .
Herding Cats
MAY 7, 2019
This blog page is dedicated to the resources used to estimate software-intensive systems using traditional and agile development methods. The reason for this resource page is the lack of understanding of how to estimate, the urban myths about software estimating, and the fallacies that estimating is not needed, when developing software, in the presence of uncertainty, when spending other peoples money. Estimating Probable System Cost,” Stephen A.
Herding Cats
NOVEMBER 7, 2016
Estimating is a learned skill, used for any purpose from every-day life to management of projects. When I left for the airport this morning to catch my flight to a customer site I estimated, given the conditions, how much time I need to get to my favorite parking spot at DIA. The same process for estimating is applied to multi-billion dollar projects we work. Here's some materials that provide the tools and processes needed to learn how to estimate.
Herding Cats
DECEMBER 5, 2017
The origins of this paper came about at a recent JSCC meeting here in Boulder, with local Aerospace contractors, the DCMA (Defense Contract Management Agency) and several government agencies (NRO and NASA). And to make those risk-informed decisions in the presence of reducible and irreducible uncertainty we need to ESTIMATE. Unrealistic Cost and Schedule Estimates. Estimating Processes. Why Guessing is not Estimating and Estimating is not Guessing.
Herding Cats
JANUARY 23, 2019
In our domain of aerospace and defense, we have reference class for cost, schedule, architecture (DODAF), risk and other attributes of every system ever built in the DOD ( CAPE , CADE ) and NASA ( CARDe/Once ). Yet another class #NoEstimates lack of understanding of estimating, reference class forecasting, reference class databases, parametric estimating, estimating tools, and other well established estimating processes in the agile software development world.
Herding Cats
OCTOBER 15, 2017
Agile for Aerospace Andrew Buter, Curt Stienstra, Steven H. When managing any project as Risk Managers as Tim Lister suggested, we need to make estimates in the presence of these uncertainties as well. NoEstimates Agile Estimating RiskA popular toss off aphrase in some agile circles is process reduces agility. This is course is stated in the absence of any domain or context.
ProjectManager.com
FEBRUARY 8, 2023
The critical path method is widely used in the transportation market, but it can apply to construction, aerospace and defense, software development, research, product development, engineering and plant maintenance projects, just to name a few. Project managers know the critical path.
International Institute for Learning
APRIL 20, 2022
By Luigi Morsa , Aerospace Engineer and Project Manager, SII Engineering & IT Risk Management is the act or practice of dealing with risk. is an Aerospace Engineer and Project Manager working for the consultant company SII Germany Engineering & IT.
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. This is from one of our presentations from a International Cost Estimating and Analysis Association meeting on the same topic. Parametric Cost Estimating Handbook.
Herding Cats
FEBRUARY 15, 2018
Not because of its use for estimating cost, schedule, and technical performance outcomes on projects, but because this simulation started with a casino's need - in Monte Carlo - to have some level of confidence on how much money they needed every night for the roulette wheel. Precision - how small is the variance of the estimate? Accuracy - how close is the estimate to the actual value? So How Do We Come Up with These Estimates? NoEstimates Estimating Mathematics
International Institute for Learning
OCTOBER 4, 2022
Improvement in estimating accuracy by a certain percentage or dollar value. As an example, the aerospace division of a Fortune 500 company benchmarked against their competitors. By Dr. Harold Kerzner and Dr. Al Zeitoun. Continuous Improvement.
Herding Cats
AUGUST 12, 2016
Unrealistic Cost and Schedule estimates based on inadequate risk adjusted growth models. Before diving into the details of these, let me address another issue that has come up around project success and estimates. All that line says is this was the baseline estimate at Completion for the project work. It says nothing about the credibility of that estimate, the possibility that one or all of the Root Causes above are in play. Just the estimate.
ProjectManager.com
NOVEMBER 13, 2019
Since that time, the critical path method has been used in a variety of projects, from construction, aerospace and defense to software and product development, engineering, plant maintenance and more. This can be difficult if you’ve not built a birdhouse before and have nothing to base your estimates on. If that’s the case, get advice from others who have, so you can have the most accurate estimation of the duration of the various tasks possible.
Herding Cats
MARCH 4, 2017
Let's start with a clear and concise description of the problem of successfully managing projects in the presence of uncertainty: Accurate software cost and schedule estimations are essential for non-trivial software projects. In many cases, once the estimates have been made (at proposal or authorization to proceed), recalibrate and reduction the uncertainty of the initial estimates is not always performed. Why did the estimates NOT get better? NoEstimates Estimating
Agilemania
MARCH 30, 2021
” At that time, organizations used to estimate three years between a validated business need and an actual application in production. In several industries like aerospace and defense industries, the application delivery lag was more than three years.
LiquidPlanner
NOVEMBER 18, 2021
The good news is that it doesn’t need to be this way – and we don’t need a PhD in aerospace engineering to find a solution! Wrangle uncertainty with ranged estimation. One approach to tackle this is to try estimating in ranges.
Redbooth
MAY 10, 2018
Industries producing complicated physical goods like Aerospace & Defense and Technology Hardware, also take a long time for work to be completed. To conclude, we present all the data on how long it takes for task completion in each industry where we have sufficient data to provide a productivity estimate. Industries like Metals and Mining, Technology Hardware, and Aerospace & Defense have work that takes a long time to complete.
Epicflow Blog
MAY 25, 2021
Task Card provides all the information about a single task in a structured way and allows you to interact with your tasks in the following ways: add estimates, update progress, assign/reassign/add/remove resources, select parameters for assigning a certain user, and others.
ProjectManager.com
JULY 2, 2019
According to NASA, there were an estimated 400,000 people involved in making the moon landing possible. This included teams of scientists, engineers and technicians, many who had not worked in aerospace before. It seems that people have been spelling team with an “i” for a long time. We live in a culture that promotes the roughed individual, the self-made person, the entrepreneur. They did it all themselves, or so they say.
Epicflow Blog
SEPTEMBER 5, 2022
Read further to estimate the level of your resource allocation and take measures to advance it. . Read more: Intaking More Projects in Aerospace and Defense: How Resource Management Solution Can Help. when task priorities are unclear or absent; in case of improper task estimations. .
Herding Cats
OCTOBER 16, 2018
The previous approaches to project performance management and production of the Estimate to Complete and Estimate at Completion make use of past performance. In our aerospace and defense business - not so much. Modeling the Management of Systems Engineering Projects," Daniel Spencer and Shaun Wilson, Aerospace Concepts, DTSO-GD-0734, Proceedings of the 2012 Model-Based Systems Engineering Symposium , 27-28 November 2012. There's a notion going around that. “I
Herding Cats
MAY 10, 2019
requires making estimates) ? Estimation of Long?Term Risk Analysis & Estimating Uncertainty … and what this has to do with the price of milk in McLean,” Phil Beenhouwer, The Society of Cost Estimating & Analysis (SCEA), May 17, 2006. Mitigating Cognitive Biases in Risk Identification: Practitioner Checklist for the Aerospace Sector,” Debra L. Risk Management is essential for development and production programs.
Herding Cats
MAY 11, 2019
requires making estimates) ? Estimation of Long?Term Risk Analysis & Estimating Uncertainty … and what this has to do with the price of milk in McLean,” Phil Beenhouwer, The Society of Cost Estimating & Analysis (SCEA), May 17, 2006. Mitigating Cognitive Biases in Risk Identification: Practitioner Checklist for the Aerospace Sector,” Debra L.
Wrike
NOVEMBER 7, 2018
Aerospace/. Estimated Project-Oriented Job Openings 2010-2020: . Inadequate cost estimates – 29%. Inaccurate task time estimate – 27%. Need up-to-date facts and figures for a project management report, article, or infographic? Browse this collection of project management statistics collected from studies and reports from the past five years. The data and statistics below are sorted into categories so you can quickly skim to find the information you need.
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