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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. Kyle: Hello, and welcome to part one of MPUGs Project Performance Measurement course.

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Cone of Uncertainty Bibliography

Herding Cats

It can be the needed performance of a measure - Effectiveness, Performance, Key Performance Parameter, or a Technical Performance Measures. The specifics of the Technical Performance Measures applied to inform Physical Percent Complete and the Cone of Uncertainty around the TPM are shown here.

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Misinterpretations of the Cone of Uncertainty

Herding Cats

The Cone of Uncertainty is a framing assumption used to model the needed reduction in some parameter of interest in domains ranging from software development to hurricane forecasting. The Cone of Uncertainty as a Technical Performance Measure. The Cone of Uncertainty as a Technical Performance Measure.

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Cone of Uncertainty - Revisited

Herding Cats

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
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Cone of Uncertainty - Part Cinq

Herding Cats

Barry Boehm's work in “Software Engineering Economics”. 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). There can be cost and schedule performance measures as well.

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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.

2010 28
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Cone of Uncertainty - Part Cinq (Updated)

Herding Cats

Barry Boehm's work in “Software Engineering Economics”. 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). There can be cost and schedule performance measures as well.