NimbleWork

APRIL 16, 2024

Planning involves breaking down the work into manageable tasks, estimating resource requirements, and creating schedules and budgets. It helps project managers and teams organize and define the scope of work, identify tasks, and estimate resource requirements.

Process 52

Process 2030 Software Review Estimate 52

Rebel’s Guide to PM

FEBRUARY 1, 2022

Keep reading for my analysis and reviews of the best PMI-ACP prep books that will help you understand agile methodologies and earn your agile certification. It talks about measuring and monitoring velocity during an iteration too. Agile Estimating and Planning by Mike Cohn. Buy on Amazon. Agile Practice Guide. Buy on Amazon.

PMI 195

PMI Certification Estimate Software Review 195

Wrike

JUNE 11, 2023

These frameworks involve the use of statistical techniques, probability theory, and mathematical formulas to estimate the likelihood and impact of risks, calculate expected values, and determine risk exposure. The post Risk Management Frameworks in IT: A Comparative Analysis appeared first on Blog Wrike.

Risk Management 36

Risk Management Risk Underperforming Technical Team Technical Review 36

ProjectManager.com

SEPTEMBER 4, 2019

Budget: Associate cost with individual tasks for more accurate budget estimation and generation. Control and Performance: Analyze and control cost and performance, updating existing plans as actual against planned data changes, provide what-if scenarios for the project manager. PMIS Throughout the Project Life Cycle.

Software Review 214

Software Review Project Life Cycle Closing Budget 214

Herding Cats

OCTOBER 11, 2016

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.

Performance Measurement 28

Performance Measurement Aerospace 2006 Estimate 28

Herding Cats

MARCH 17, 2019

Project Performance Management. Connecting the 5 Principles and 5 Practices of Performance-Based Project Management ® To Increase the Probability of Project Success. Building a Credible Performance Measurement Baseline. Measures of Product Value is Exchange for Its Cost. Technical Performance Measures.

2003 54

2003 2011 2008 Performance Measurement 54

ProProfs Project Management

JANUARY 21, 2020

It refers to any prediction or estimation made on a project’s status, including how it will unfold in the future. The shortest time estimated to complete a specific project task or activity is known as optimistic duration. Performance Measurement Baseline. Techniques/Analysis/Tools. PEST Analysis.

Underperforming Technical Team 111

Underperforming Technical Team Estimate Risk Management Defining 111

Herding Cats

NOVEMBER 14, 2018

Decision Analysis is a principle, technique, and application to address complex decisions in a structured manner. One approach to decision making utilizes a form of multi-criteria decision analysis to evaluate multiple conflicting criteria in decision making. 3] “Measurement Scales and Statistics: The Misconception Misconceived,” J.

Technical Review 47

Technical Review 2010 2014 Software Developers 47

Herding Cats

APRIL 29, 2017

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.

Estimate 46

Estimate Risk Management Risk SCRUM 46

Herding Cats

AUGUST 27, 2017

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. Let's look at each one in more detail.

Estimate 46

Estimate Software Review Underperforming Technical Team Technical Review 46

Herding Cats

OCTOBER 28, 2016

In a recent Blog post titled Precision it is suggested Precision (or the implication thereof) is perhaps the root problem of most, if not all dysfunction related to estimation. . Estimates have precision and accuracy, but the reason for these unfavorable outcomes is not stated in the post. Yes, projects have uncertainty.

Estimate 28

Estimate Performance Measurement Information Technology Risk Management 28

ProProfs Project Management

MARCH 18, 2020

The activities are then sequenced, and the duration required for each activity is estimated. Cost : A cost management strategy is first made, after which the cost for each work package is estimated. The estimates are then summed up, and some reserves are added to it to create the project budget. Plan Cost Management .

Process 99

Process Project Life Cycle Development Team Review Risk Management 99

Project Pulse Journal

MARCH 7, 2024

Analysis tools such as PESTLE and SWOT are also available in a PM’s toolkit to assess both internal and external project environments. This involves defining product requirements, conducting market analysis, managing product life cycles, and prioritizing features to maximize customer satisfaction and competitive advantage.

Governance 52

Governance Government Technical Review Sustainability 52

Herding Cats

DECEMBER 8, 2017

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.

Performance Measurement 35

Performance Measurement Technical Review 2017 2008 35

Herding Cats

JUNE 19, 2017

The Cone of Uncertainty as a Technical Performance Measure. Of late, Cone of Uncertainty has become the mantra of No Estimates advocates claiming that data is needed BEFORE the Cone is of any use. The Cone of Uncertainty as a Technical Performance Measure. Measure of Effectiveness. Measure of Performance.

Technical Review 35

Technical Review Performance Measurement Underperforming Technical Team Estimate 35

Herding Cats

DECEMBER 29, 2017

Like nearly every observed problem, there is some underlying cause and Root Cause Analysis is the first step in assessing this undesirable condition to determine if it is correctable or preventable. Any successful technical communication needs to have: Measures of Effectiveness. Measures of Performance.

Process 56

Process Estimate Engineering Performance Measurement 56

Workamajig

JUNE 11, 2019

A robust PM system might tell you how a project is doing at any moment, but it can’t tell you how the organization or its constituent people are performing. Measuring and monitoring project management metrics fills this gap. Any metric you measure should be clearly and accurately measurable.

Estimate 93

Estimate Budget Infrastructure Performance Measurement 93

Herding Cats

MARCH 5, 2017

Do those capabilities meet the Measures of Performance that characterize physical or functional attributes relating to the system operation, measured or estimated under specific conditions? These are attributes to assure the system has the capability and capacity to perform. Related articles. Close Loop Thinking.

Software Review 28

Software Review Technical Review Performance Measurement Estimate 28

MPUG

SEPTEMBER 21, 2020

At the start of each iteration, he may be unsure about the applicability of earned value analysis, measurement, and management within Agile. With frequent scope changes, how does one determine what to measure against? In EVM terminology, baseline is further defined as the performance measurement baseline (PMB).

Underperforming Technical Team 59

Underperforming Technical Team Agile Performance Measurement PMI 59

Herding Cats

OCTOBER 12, 2018

In Earned Value Management paradigm, progress is always measured as physical percent complete. This physical percent complete is measured as compliance with the Technical Performance Measures of the outcomes of the work efforts, that consume the budget for that work. The Measures of Performance are.

Engineering 32

Engineering Performance Measurement Underperforming Technical Team Risk Management 32

Herding Cats

AUGUST 12, 2017

Measures of Performance (MOP) – characterize physical or functional attributes relating to the system operation, measured or estimated under specific conditions. These measures are attributes that assure the system has the capability and capacity to perform.

Performance Measurement 39

Performance Measurement Estimate Risk Defining 39

Herding Cats

JULY 24, 2017

The paper on the Cone of Uncertainty is used by many in the No Estimates community as an example of why estimates are of little use. In this paper, there is data that does not follow the Cone of Uncertainty, in that the uncertainty of the estimates does not reduce as the project proceeds. Then there is some analysis.

2007 42

2007 2012 2006 2008 42

Herding Cats

OCTOBER 16, 2018

The book that contains that paper and provides the specific approach to modeling the future is Statistics for Experimenters: An Introduction to Design, Data Analysis, and Model Building , Georg E. Past performance data or the Model of the needed Future performance of the project? . Performance Analysis and Prediction .

Aerospace 41

Aerospace Engineering 2012 2014 41

Herding Cats

DECEMBER 4, 2017

Measures of Performance - are performance measures that characterize physical or functional attributes relating to the system operation, measured or estimated under specific conditions. Measures of Performance. The Technical Performance Measures. Related articles.

2005 37

2005 Performance Measurement Closing Controlling 37

Herding Cats

JANUARY 22, 2017

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). This is a closed loop control system for managing the program with a T echnical Performance Measure (TPM).

Technical Review 28

Technical Review 2005 Estimate Software Review 28

Herding Cats

FEBRUARY 4, 2017

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 are needed but are subject to large level of uncertainty. There can be cost and schedule performance measures as well.

Technical Review 28

Technical Review Estimate 2005 Software Review 28

Herding Cats

AUGUST 12, 2016

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.

Technical Review 28

Technical Review Estimate 2003 Aerospace 28

Herding Cats

SEPTEMBER 28, 2018

Statistics for Experimenters: An Introduction to Design, Data Analysis, and Model Building , George E. Regression Analysis by Example , Samprit Chatterjee and Ali S. Regression Analysis by Example , Samprit Chatterjee and Ali S. Applied Regression Analysis Third Edition , Norman Draper and Harry Smith.

Engineering 52

Engineering Performance Measurement Risk Management Risk 52

Herding Cats

MARCH 4, 2017

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.

2010 28

2010 2007 Estimate Aerospace 28

Herding Cats

JANUARY 17, 2017

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). This is a closed loop control system for managing the program with a T echnical Performance Measure (TPM).

Technical Review 28

Technical Review 2005 Estimate Software Review 28

Herding Cats

JANUARY 5, 2017

These charts are an extract from the book Performance-Based Project Management: Increasing the Probability of Project Success and the abstracted training materials Handbook. How to Avoid the "Yesterday's Weather" Estimating Problem. Related articles. Doing the Math. Hope is not a Strategy. Complex, Complexity, Complicated.

Estimate 81

Estimate Closing Controlling Defining 81

Herding Cats

AUGUST 1, 2018

Since there has been some confusion around the CoU in the past, about whether it can be reduced, whether there is credible data showing it is valid or not, whether those claiming it can't be reduced have any Root Cause Analysis as to why it wasn;t reduced, I thought I'd included the references we're using. 37–48, 2007.

2012 29

2012 2007 2010 2006 29

Herding Cats

MARCH 31, 2017

Estimating Processes in Support of Economic Analysis. Related articles. Two Books in the Spectrum of Software Development. We've Been Doing This for 20 Years. Applying the Right Ideas to the Wrong Problem. Managing in Presence of Uncertainty.

Process 53

Process Engineering Software Developers Software Development 53

Herding Cats

JANUARY 14, 2017

The Cone is a project management framework describing the uncertainty aspects of estimates or any other project attribute (in this post, cost, schedule, and technical performance parameters). This is a closed loop control system for managing the program with a T echnical Performance Measure (TPM). Related articles.

Technical Review 28

Technical Review Software Review Underperforming Technical Team Risk Management 28

Herding Cats

DECEMBER 5, 2017

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. Impacts of Risk on Program Performance. Schedule Impacts.

Aerospace 37

Aerospace Estimate Governance Government 37

Herding Cats

JUNE 4, 2017

The test of the hypothesis for projects are the Measures of Effectiveness, Measures of Performance, Key Performance Parameters, and techTechnicalformance Measures used to assess progress to plan for the project. Estimating how much is the starting point. Estimating is part of risk management.

Estimate 39

Estimate Risk Management Risk Engineering 39

Herding Cats

JUNE 12, 2017

Principles and Practices of Performance-Based Project Management® from Glen Alleman. Information Technology Estimating Quality. Related articles. Applying the Right Ideas to the Wrong Problem. Capabilities Based Planning.

Information Technology 34

Information Technology Estimate Engineering Innovation 34