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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. In this domain, we are guided by credible results using principles, processes, and procedures to increase the probability of program success. Related articles.

Performance-Based Project Management®

Herding Cats

Performance–Based Project Management ® integrates five critical program management process areas with – Cost, Schedule, and Technical Performance Measures. Done” is always defined in units of measure meaningful to the decision maker. Related articles.

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Value First, Requires Margin and Contingency

Herding Cats

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. Related articles.

How to Talk About Estimates

Herding Cats

We can't talk about estimates or estimate, without also talking about the precision and accuracy of the estimate (the noun) after we have performed the estimate (the verb). . Related articles. What is an estimate?

4 Fallacious Reasons to Estimate and Why Those Are Fallacious

Herding Cats

This is a recurring theme of #NoEstimates it's a waste to me the developer, I'd rather be coding , I'm not good at estimating , I see no value in my making estimating when you're just going to use them against me when I'm late and over budget. Related articles.

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. Certain information about key project cost, performance, and schedule attributes are often unknown until the project is underway. Risk Management Process Model. Related articles.

Risk 48

Five Immutable Principles of Project Success

Herding Cats

No matter the engineering processes used to produce the outcomes from the project. Without these measures, Done will usually mean . Without these measures, Done will usually mean we ran out of time and money. . Physical Percent Complete is the only measure of progress to plan.

6 Tools and Techniques for Controlling Risks

Project Risk Coach

In these risk review sessions, the team discussed the effectiveness of the risk responses and the risk management processes. PMBOK 6th Edition The PMBOK 6th Edition changed the process name of "Control Risks" to "Monitor Risks." Changes in project risks are inevitable.

Cancelling Projects: The Project Isn't Being Done Right

Project Health Check

In part 1 of this article series, we accepted that Projects sometimes need to be cancelled. A classic way to consider project performance is via the triple constraint of scope/cost/time, often with quality thrown in the mix.

2017 233

11 Critical Project Management Metrics Every Agency Needs to Track

Workamajig

This article looks at the 11 most important project management KPIs you need to track and why. Peter Drucker may have said it half a century ago, but the old adage still rings true: “If you can measure it, you can improve it.”. Only measure it if the answer is a resounding ‘yes’.

2019 99

Physical Percent Complete: Knowing When You Are Done

Herding Cats

The goal of every program manager is to have a set of practices that connect all the programmatic planning, risk, and performance information in a single unified view needed to support the decisions that increase the probability of success of any project or program. Related articles.

Misquotes of Deming

Herding Cats

It is wrong to suppose that if you can’t measure it, you can’t manage it – a costly myth. Related articles. Technical Performance Measures. Who's Budget is it Anyway? It's common to misquote famous quotes. The #NoEstimates advocates love to use a Deming quote.

2016 52

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). The Cone is NOT the result of the project's past performance. Related articles.

2017 43

Managing in Presence of Uncertainty

Herding Cats

The uncertainty is always there, it doesn't go away with specific actions in specific domains, or with the use of any tools, processes, or practices. Do we have measures of Effectiveness, Performance, all the .ilities. We need a formal risk management process.

Cone of Uncertainty - Part Deux

Herding Cats

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). There can be cost and schedule performance measures as well. Related articles.

2017 39

Fallacy of the Week

Herding Cats

Technical outcomes and their performance - what did we get for our money? Have sufficient Contingent Budget and Management Reserve to cover the cost variances from the naturally occurring cost behaviors, event-based impacts on cost, or cover things that go wrong with the Risk Cost coverage. Have sufficient Technical Performance Measures margin to cover the required performance measure of the Capabilities. Related articles.

Invoking "Laws" Without a Domain or Context

Herding Cats

2nd Law of Thermodynamics states that the total entropy of an isolated system always increases over time, or remains constant in ideal cases where the system is in a steady state or undergoing a reversible process. The increase in entropy accounts for the irreversibility of natural processes, and the asymmetry between future and past. And just to be clear the statistics of the processes in Little's Law are IID - Independent, Identicially Distribution and Stationary.

2016 36

The Problems with Schedules

Herding Cats

Here's an article, recently referenced by a #NoEstimates twitter post. The headline is deceiving, the article DOES NOT suggest we don't need deadline, but that deadlines without credible assessment of their credibility are the source of many problems on large program. Related articles.

2016 55

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). The Cone of Uncertainty describes the evolution of the measure of uncertainty during a project.

2017 40

Start with Principles, Not Personal Anecdotes

Herding Cats

The "bad management" is itself a symptom of untrained, inexperienced, unskilled decision making processes in the presence of uncertainty. . In the project domain, an estimate is a calculated approximation of some desired measurement. Related articles.

2018 50

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). The Cone is NOT the result of the project's past performance. Related articles.

2007 36

Deconstructing The Cone of Uncertainty

Herding Cats

Shipping on time, to specifications, and within budget might be meaningless if a competitor is shipping software that has a greater value to the market. Landmark’s measure of success over these three years had much more to do with customer satisfaction and market share than with meeting knowingly aggressive targets. But a more important idea is missing in the article. Software Measurement and Estimation: A Practical Approach , Linda M. Related articles.

2007 37

Complete Collection of Project Management Statistics 2015

Wrike

Need up-to-date facts and figures for a project management report, article, or infographic? 80% of “high-performing” projects are led by a certified project manager. [4]. Organizations that use a methodology: 38% meet budget. 18% — Delivered within budget.

2015 61

Is Macroeconomics and Social Science the Same as Software Development?

Herding Cats

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. It includes the budgets assigned to scheduled control accounts and the applicable indirect budgets. But margin, management reserve, analysis of alternative is standard project management process of dealing with the indeterminate elements of projects. Related articles.

2016 36