Project Management, Performance Measures, and Statistical Decision Making

Herding Cats

There is a current rash of suggestions on how to improve the performance of software projects. 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. Figure 1 - Planned Estimates versus Actual Performance from [1].

Increasing the Probability of Program Success

Herding Cats

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. Top Four Sources of Unfavorable Program Performance. Unrealistic Performance Expectations. Unrealistic Cost and Schedule Estimates.

2017 34
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The Problems with Schedules

Herding Cats

Unrealistic performance expectations missing Measures of Effectiveness and Measures of Performance. 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. There is a common chart used to show poor performance of projects that compares Ideal project performance with the Actual project performance.

2016 42

PROJECT MANAGEMENT BENCHMARKING, an excellence enabling instrument

International Institute for Learning

All companies desire to remain competitive and continuously improve their project management performance by becoming more efficient and more effective in the execution of their project management processes. Improvement in estimating accuracy by a certain percentage or dollar value.

2022 56

Managing in Presence of Uncertainty

Herding Cats

This is an immutable principle that impacts planning, execution, performance measures, decision making, risk, budgeting, and overall business and technical management of the project and the business funding the project no matter the domain, context, technology or any methods. Do we have measures of Effectiveness, Performance, all the .ilities. Is each of these measures being met for the planned cost at the planned time? . Why did the estimates NOT get better?

2017 44

Modeling the Future is the Basis of Project Success

Herding Cats

The model of the project or program tells us what the cost, schedule, and performance - Effectiveness and Performance - Need to be for the project to be a success. Past performance data or the Model of the needed Future performance of the project? . Performance Analysis and Prediction . Performance of cost, schedule, and technical outcomes are primary measures of success for the future outcomes of projects. There's a notion going around that. “I

2018 36