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PROJECT MANAGEMENT BENCHMARKING, an excellence enabling instrument

International Institute for Learning

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. Then, they decided to benchmark against best-in-class companies in project management, all of which were in different industries other than aerospace.

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Risk Management Resources

Herding Cats

requires making estimates) ? This blog page is dedicated to the resources used to assess risks, their impacts, and handling strategies for software-intensive systems using traditional and agile development methods. Estimation of Long?Term (Making these decisions in the presence Uncertainty ? reducible and irreducible ?

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What are the Objectives of the Work Breakdown Structure (WBS)?

NimbleWork

A Brief History The Work Breakdown Structure (WBS) has its origins in the mid-20th century, evolving primarily in industries such as defense, aerospace, engineering, and construction. This decomposition continues until the work packages are small enough to be easily understood, estimated, assigned, and monitored.

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A Compendium of Risk Management Resources

Herding Cats

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. Making these decisions in the presence Uncertainty ? reducible and irreducible ?

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DDSTOP The Saga Continues

Herding Cats

Judgment from experience requires repeatability (experts work best in Complicated or Ordered cynefin domains) The moment you have little-to-no repeatability experts are at best useless, adaptability is a better survival strategy. maybe a read of the resources of Estimating Agile Software Development may help. Almost impossible?

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DDSTOP The Saga Continues

Herding Cats

40 - Estimation is a Problematic Practice of Companies Doing Dangerous Things. A #Noestimates advocate makes the claim that having a ±10% accuracy for estimates of cost and duration is a dangerous thing. Define the probabilistic ranges of the work in a single point estimate manner. There are databases for Function Points .