Remove Analysis Remove Governance Remove Performance Measurement Remove Project Cost
article thumbnail

125 Project Management Buzzwords

The IIL Blog

Bottom-up Estimating A project estimation technique that leverages tactical-level team members/subject matter experts (SMEs) to break down tasks into smaller components to create a more accurate estimate. Burndown Chart A tool in Agile project management that tracks the work completed and the work remaining to help teams manage progress.

article thumbnail

What is A System for Value Delivery in Project Management

Project Pulse Journal

You will confidently align projects with organizational objectives, optimize resource utilization, and foster stakeholder engagement to deliver tangible value at every stage of the project lifecycle. Organizations can optimize project performance and outcomes by integrating these functions into a cohesive framework.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Problems with Schedules

Herding Cats

All that line says is this was the baseline estimate at Completion for the project work. Then the chart shows that many projects cost more or take long (costing more) in the sample population of projects. . Unrealistic performance expectations missing Measures of Effectiveness and Measures of Performance.

article thumbnail

Compendium of Works to Increase Probability of Project Success

Herding Cats

Agile Project Management (#APM). Technical Performance Measures (#TPM). Cost, Schedule, and Technical Performance Management (#CSTPM). Governance (#Governance). Flawless Execution - Following the Afterburner them, here's how to flawlessly execute a project through the plan of the week.

article thumbnail

Microeconomics and Risk Management in Decision Making for Software Development

Herding Cats

Economics is a social science concerned chiefly with description and analysis of the production, distribution, and consumption of goods and services. A recent survey of 600 firms indicated that 35% of them had at least one "runaway' software project. risks that affect the cost and schedule measures of the program.

article thumbnail

The Complete Glossary of 614 Project Management Terms

Workamajig

Analytical estimating is often used alongside Analogous estimating to arrive at the true cost/duration of a project. Approach Analysis : A technique to analyze the various methods that can be used to meet the project's goals. Approach Analysis is used during the Planning phase of each project.

article thumbnail

Risk Management in Five Easy Pieces, with Apologies to Jack

Herding Cats

Managing Cost, Schedule, & Technical Performance Risk Is The Basis Of Good Project Management. Risk management is essential to the success of any significant project. Certain information about key project cost, performance, and schedule attributes are often unknown until the project is underway.