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Webinar Recap: Project Performance Measurement – Part 1: Overview Of Project Performance Measurements

MPUG

Please find below a transcription of the audio portion of Fletcher Hearn’s session, Project Performance Measurement – Part 1: Overview Of Project Performance Measurements, being provided by MPUG for the convenience of our members. Fletcher Hearns: What can be measured?

Webinar Recap: Project Performance Measurement – Part 2: What to Measure and How to Report

MPUG

Please find below a transcription of the audio portion of Fletcher Hearn’s session, Project Performance Measurement – Part 2: What to Measure and How to Report, being provided by MPUG for the convenience of our members. This one covering, What to Measure and How to Report.

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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].

How to Talk About Estimates

Herding Cats

What is an estimate? An estimate as a noun is an approximate calculation or judgment of the value, number, quantity, or extent of something. An estimate as a verb is to roughly calculate or judge the value, number, quantity, or extent of. But those estimates, nouns, and verbs themselves's have other attributes. Every month there is a Month End reports, both showing cumulative cost to date, cumulative schedule performance, and Physical Percent Complete.

4 Fallacious Reasons to Estimate and Why Those Are Fallacious

Herding Cats

There's a recent post titled Four Fallacious Reasons to Estimate. It lists the usual suspects for why those spending the money think they don't have to estimate how much they plan to spend when they'll be done producing the value they've been assigned to produce for that expenditure. And like many posts and tweets about estimating, it's made from this point of view, not the business point view, not from the point of view of those paying the developer.

A Compendium of Works to Increase the Probability of Project Success

Herding Cats

Project Governance. Integrated Master Plan: The Foundation of Program Success , College of Performance Management, May 21, 2014. The Nine "I's" of Program Success ," College of Performance Management. Forming, Storming, Norming, Performing, and Adjourning. Project Performance Management. Connecting the 5 Principles and 5 Practices of Performance-Based Project Management ® To Increase the Probability of Project Success. Agile Project Management.

2008 45

Project Versus Product in Agile Development

Herding Cats

This quote is typically the basis of proposing agile software development over traditional software development. But if the development work is a Project is a fixed period of performance, for a fixed (with margin) budget, and a fixed set of Capabilities, then the question is can agile be used to develop the software? What Does This Mean for Agile? . Agile shouldn't care. Agile produces useful working software at the end of every Sprint.

2018 38

Deconstructing the Hertz and Accenture Debacle

Herding Cats

A recent lawsuit by Hertz Rental Car against Accenture has turned into a rallying cry by Agilest and No Estimates advocates. Of course, No Root Cause analysis has been performed by these advocates, but it makes good click bait for their followers. Were there: Measures of Effectiveness. Measures of Performance. Key Performance Parameters. We play this role in ERP acquisitions for commercial and government clients .

Value First, Requires Margin and Contingency

Herding Cats

There's a popular notion in Agile that says Focus on Value. The principles of microeconomics of decision making in the presence of uncertainty mandates you make estimates of how to achieve that Value in terms of cost and schedule, those three (and all) variables are random variables, usually driven by a stochastic process. NoEstimates Agile Decision Making Estimating Governance Planning Principles Scheduling Technical Performance Measures

2018 36

What is an Estimate? What is Estimating?

Herding Cats

I work in a domain where estimates are made every single week. Estimate to Complete (ETC), Estimate at Completion (EAC), Estimated Completion Date (ECD) are the life blood of our software intensive system of systems programs. There are several partitions of this information that are common in building the Performance Measurement Baseline (PMB). In Agile the Product Roadmap and Release Plan are the basis of the PMB. But Estimating is NOT Guessing.

Connecting "What" with "How" - and the Failure to Understand the Principles of Systems Engineering and Systems Management

Herding Cats

It's been said by an agile voice that. The original agile author's quote shows that systems engineering is missing from his development of software using Agile. Progress and Value are measured with the same in Earned Value Management. In Earned Value Management paradigm, progress is always measured as physical percent complete. Along with the Technical Performance Measures are three other measures needed to assess progress to plan and production of Value.

From Mission Capabilities to Done

Herding Cats

No matter the project domain or the technical development method, project success is dependent on knowing what Done looks like in units of measure meaningful to the decision maker. These measures are: Measures of Effectiveness (MOE) – are the operational measures of success that are closely related to the achievements of the mission or operational objectives evaluated in the operational environment, under a specific set of conditions.

2017 35

Increasing the Probability of Program Success

Herding Cats

We're working on a White Paper for the Joint Space Cost Council which is an organization composed of government (NRO, NASA, USAF, and others) and industry representatives with an interest in space. 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). Top Four Sources of Unfavorable Program Performance. Estimating Processes.

2017 34

Misinterpretations of the Cone of Uncertainty

Herding Cats

The Cone of Uncertainty as a Technical Performance Measure. Active reduction requires we have a desired reduction goal, perform the work, and measure progress toward the rduction goal. Management of this reduction work and measurement of the progress is a Close Loop Control System paradigm. Closed Loop Control, has a goal, an action, a measurement, and a corrective action. The Cone of Uncertainty as a Technical Performance Measure.

2017 32

INVEST, Scrum and Enterprise IT

Herding Cats

So when you hear an agile purest talking about the I in Invest, ask is there is any business process loops, interdependencies between systems compoenents, externalities. Cohesion is the measure of how well module fits together. The component may be performing more than one function. Informational cohesion: performs a number of functions, each with its own entry point, with independent code for each function, all performed on the same data structure.

2018 31

INVEST, Scrum and Enterprise IT

Herding Cats

So when you hear an agile purest talking about the I in Invest, ask is there is any business process loops, interdependencies between systems compoenents, externalities. Cohesion is the measure of how well module fits together. The component may be performing more than one function. Informational cohesion: performs a number of functions, each with its own entry point, with independent code for each function, all performed on the same data structure.

2018 28

Cone of Uncertainty Bibliography

Herding Cats

I work in a domain where the CoU is baked into the Integrated Program Performance Management (IPPM) processes flowed down from the buyer, in this case, the Federal Government. The CoU paradigm defines the needed reduction in uncertainty is some performance metric. This can be the confidence in the estimate for any variable. It can be the needed performance of a measure - Effectiveness, Performance, Key Performance Parameter, or a Technical Performance Measures.

2017 32

Closed Loop Control and Granularity of the Estimating Process

Herding Cats

For software, this can be value produced (assuming we have a unit of measure for that value in the for of effectiveness, performance, key performance parameters, or technical performance measures ). For your Honeywell or Nest controller on the wall, that sample rate is measured in seconds. It can be the cost, schedule, and technical performance measures of the software project.

What's Missing from the Agile Software Development Paradigm

Herding Cats

Agile software development is framed by a manifesto , a set of 12 principles, several methods. The customer is accountable for knowing what Done Looks Like (in Unity of measure meaningful to their domain). The results include system-level qualities, properties, characteristics, functions, behavior, and performance. Anything less results in systems not worth having or fail to function or perform. [3], Agile is the ability to create and respond to change.

Software Intensive System of Systems

Herding Cats

The development of the software and sometimes the development of the hardware is done in an agile manner, using one of several Agile development methods - SAFe, Scrum for example. If a system of systems is disassembled into the component systems, these component systems are capable of independently performing useful operations independently of one another. The system of systems performs functions and carries out purposes that do not reside in any component system.

2001 30

Software Intensive System of Systems

Herding Cats

The development of the software and sometimes the development of the hardware is done in an agile manner, using one of several Agile development methods - SAFe, Scrum for example. If a system of systems is disassembled into the component systems, these component systems are capable of independently performing useful operations independently of one another. The system of systems performs functions and carries out purposes that do not reside in any component system.

2001 28

Best PMI-ACP Exam Prep Books

Rebel’s Guide to PM

Are you aiming to achieve your PMI Agile Certified Professional ( PMI-ACP )®? Below, I list the best agile books for your certification studies. These are guides that support your learning but also help you go deeper into the world of agile. The Agile PrepCast.

2022 195

Is Macroeconomics and Social Science the Same as Software Development?

Herding Cats

There a popular notions in the agile development world that authors like Hayek and Taleb speak to how software development works. You Can’t Understand Agile Without Understanding Hayek. In our domain this is the Performance Measurement Baseline, which is a time-phased budget plan for accomplishing work against which contract performance is measured. Product Roadmaps, Release Plans are core principles of Agile.

2016 36

Cone of Uncertainty - Part Cinq

Herding Cats

The Cone is a project management framework describing the uncertainty aspects of estimates (cost and schedule) and other project attributes (cost, schedule, and technical performance parameters). Estimates of cost, schedule, technical performance on the left side of the cone have a lower probability of being precise and accurate than estimates on the right side of the cone. The Cone is NOT the result of the project's past performance.

2017 33

Cone of Uncertainty - Part Cinq (Updated)

Herding Cats

The Cone is a project management framework describing the uncertainty aspects of estimates (cost and schedule) and other project attributes (cost, schedule, and technical performance parameters). Estimates of cost, schedule, technical performance on the left side of the cone have a lower probability of being precise and accurate than estimates on the right side of the cone. Estimates are needed but are subject to large level of uncertainty.

2017 30

Cone of Uncertainty - Part Trois

Herding Cats

The Cone is a project management framework describing the uncertainty aspects of estimates (cost and schedule) and other project attributes (cost, schedule, and technical performance parameters). Estimates of cost, schedule, technical performance on the left side of the cone have a lower probability of being precise and accurate than estimates on the right side of the cone. The Cone is NOT the result of the project's past performance.

2017 28

Project Management Process: The Basics

Clarizen

Monitoring & Controlling : processes required to track, assess, and regulate project performance and progress, as well as identify and initiate changes as necessary. . Performance measurement baseline. Work performance data. Team performance assessments.

Start with Principles, Not Personal Anecdotes

Herding Cats

I've seen estimates abused by bad managers, so let's NOT estimate and that will fix the behavior of Bad Managers." While the human behaviors are real and observable, conjecturing that decisions can be made in the presence of uncertainty without estimating the outcome of those decisions, there is no principle to support that conjecture. The first thing to do is NOT fall for the fallacy that NOT Estimating will fix the behavior of the bad manager.

2018 39

Microeconomics and Risk Management in Decision Making for Software Development

Herding Cats

By the way, the pure conjecture that agile enables late changing requirements to not have a significant impact on the cost and schedule of the development project is completely lacking any testable evidence outside of personal anecdotes of agile advocates. When we hear about software development disasters and then hear that estimates are to blame, and NOT Estimating will somehow reduce or prevent these disasters, think again.

2007 32

The Complete Glossary of 614 Project Management Terms

Workamajig

Each 'activity' is the smallest unit of work that can be performed within the scope of the project. Actual Cost of Work Performed: The total cost of work performed during any given period of time. Actual dates are different from planned or estimated dates.

2021 78

Complete Collection of Project Management Statistics 2015

Wrike

Agile Project Management. 80% of “high-performing” projects are led by a certified project manager. [4]. 89% of high-performing organizations value project management, 81% actively engage sponsors, 57% align projects with business strategy. [6]. More than 90% of organizations perform some type of project postmortem or closeout retrospective. [9]. How Project Success is Measured: 20% — Satisfied stakeholders. 19% say Agile techniques.

2015 49