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Project Management, Performance Measures, and Statistical Decision Making

Herding Cats

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. Department of Energy.

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PROJECT MANAGEMENT BENCHMARKING, an excellence enabling instrument

International Institute for Learning

Gap can also exist for performance improvement expectations such as: Reduction in risk by a certain percentage, cost, or time. 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.

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Modeling the Future is the Basis of Project Success

Herding Cats

For approaches that have been implemented on existing systems, obtaining such understanding may require measurement and analysis. For scenarios where the project under consideration does not yet exist, performance prediction using analytical modeling or simulation is necessary. In our aerospace and defense business - not so much.

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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.

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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.

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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. All project work operates in the presence of uncertainty.

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Complete Collection of Project Management Statistics 2015

Wrike

Aerospace/. Estimated Project-Oriented Job Openings 2010-2020: . Implement/enhance performance measurement process – 39%. [13]. Inadequate cost estimates – 29%. Inaccurate task time estimate – 27%. . $110,096. . Northwest US. 101,446. . Northeast US. 103,511. . Outside US. 147,600. . 116,100. .

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