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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. There is No Such Thing as Free.

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PROJECT MANAGEMENT BENCHMARKING, an excellence enabling instrument

International Institute for Learning

As an example, the aerospace division of a Fortune 500 company benchmarked against their competitors. At the end of the benchmarking period, everyone in the aerospace group were hugging and congratulating each other after the results appeared showing how good they thought they were in project management.

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Modeling the Future is the Basis of Project Success

Herding Cats

Modeling is at the heart of Program Planning and Controls. It's the Planning and Controls processes working together with the Technical Development processes that provide the ability to forecast what should happen in the future if we keep going like we are going now using a Model of the possible future outcomes.

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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). Risk-Adjusted Plans. Plans for Increasing Maturity of the Deliverables. Create a Risk Tolerant Technical Approach and Plan.

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The Problems with Schedules

Herding Cats

Inadequate accessment of risk and unmitigated exposure to these risks with proper handling plans. Unanticipated Technical issues with alternative plans and solutions to maintain effectiveness. Unrealistic performance expectations missing Measures of Effectiveness and Measures of Performance.

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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.

2010 28
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Complete Collection of Project Management Statistics 2015

Wrike

Aerospace/. 68% use the project plan documentation. Unrealistic schedule/reactive planning. Top 5 PPM Functions: Portfolio tracking & performance monitoring – 75%. Portfolio planning, resource allocation , and schedule – 66%. Top 5 PPM Priorities: Improve resource planning & forecasting – 65%.

2015 60