Workamajig

JUNE 11, 2019

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.”. Measuring and monitoring project management metrics fills this gap.

Estimate 93

Estimate Budget Infrastructure Performance Measurement 93

MPUG

JULY 10, 2023

In this article, we’ll review some of the common terminology you’ll come across when working with project controls, especially from an earned value environment perspective. Now we’ve looked at some cost performance measures, let’s look at a few more specifically aimed at managing schedule performance.

Budget 40

Budget Controlling Performance Measurement Finance 40

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.

Process 99

Process Project Life Cycle Development Team Review Risk Management 99

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.

2005 37

2005 Performance Measurement Closing Controlling 37

Herding Cats

FEBRUARY 9, 2018

If, for example, a project manager believes a member of his or her team is a fast and effective worker, each time that team member works fast and effectively or is told by a colleague about the work that has been done fast and effectively, the project manager will consider his or her belief to be well-founded.

Underperforming Technical Team 44

Underperforming Technical Team Estimate 2003 Software Review 44

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). Here are some examples of Planned variances and managing of the actual variances to make sure the project stays on plan.

Technical Review 28

Technical Review 2005 Estimate Software Review 28

Herding Cats

JANUARY 19, 2018

Have sufficient Technical Performance Measures margin to cover the required performance measure of the Capabilities. For example throughput , we need enough margin in the delivered product to meet or exceed the customer's need without spending too much time or money to provide that margin. Related articles.

Performance Measurement 31

Performance Measurement Estimate Finance Manufacturing 31

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

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

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). Here's some examples of Planned variances and managing of the actual variances to make sure the project stays on plan. Related articles.

Technical Review 28

Technical Review Software Review Underperforming Technical Team Risk Management 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). Here are some examples of Planned variances and managing of the actual variances to make sure the project stays on plan.

Technical Review 28

Technical Review 2005 Estimate Software Review 28

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

International Institute for Learning

OCTOBER 4, 2022

Forms, guidelines, templates, and checklists from published textbooks and journal articles that can affect the execution of projects. Gap can also exist for performance improvement expectations such as: Reduction in risk by a certain percentage, cost, or time. Improvement in estimating accuracy by a certain percentage or dollar value.

Aerospace 59

Aerospace Underperforming Technical Team Governance Government 59

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

Wrike

MARCH 4, 2021

A digital marketing agency, for example, may work with consultants, freelancers, and other creative service providers to satisfy clients. . This article will explain what vendor management is and why it’s important for your organization. Estimating turnaround times. Reviewing performance . Obtaining price quotes.

Performance Measurement 36

Performance Measurement Defining Monitoring Process 36

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. COBIT, for example, emphasizes IT governance and aligning IT with business objectives.

Risk Management 36

Risk Management Risk Underperforming Technical Team Technical Review 36

Project Pulse Journal

MARCH 7, 2024

For example, customer satisfaction is one measurement that a project and operation use to identify whether value is realized. With the rise of better technology, generative AI, for example, organizational objectives are put into the spotlight. Further, many organizations tend to have projects without a higher purpose.

Governance 52

Governance Government Technical Review Sustainability 52

Wrike

JULY 1, 2020

In this article, we will discuss the benefits of project management for HR professionals and why HR project management is vital for departmental success. Further examples of these projects are: Intern recruitment programs . Establishing productivity and performance measures for the team. Executing team bonding events .

Underperforming Technical Team 36

Underperforming Technical Team Software Review Performance Measurement Executing 36

MPUG

JUNE 27, 2022

This article is the fifth in my series, “A Better Microsoft Project,” You can find the earlier articles here: Introduction , Time Modeling , D * U – W fields , and Workload Leveling. Examples of re-writing history would be: In USA, if slavery was left out of US history books used in schools. Thanks for reading!

Governance 52

Governance Government Estimate Performance Measurement 52

Epicflow Blog

OCTOBER 16, 2023

The article is based on the webinar “Fighting Uncertainty in Organizations, Including Matrix Ones, to Achieve Excellent Reliability” with TOC experts Eli Schragenheim and Albert Ponsteen. This article explores managing uncertainty in organizations. Albert is the co-founder of Epicflow, an AI-driven multi-project management system.

2016 52

2016 Monitoring Risk Management Healthcare 52

Herding Cats

JANUARY 23, 2018

Determination of physical percent complete is rooted in performance measurement, the comparison of actual performance against an integrated baseline plan consisting of integrated cost, schedule, and technical goals. Earned Value Management (EVM) often anchors such a performance measurement system in DoD programs.

Technical Review 44

Technical Review Performance Measurement Engineering Estimate 44

Herding Cats

NOVEMBER 29, 2017

Supporting artifacts such as the WBS, WBS Dictionary, Basis of Estimates (BOE), and the Systems Engineering Management Plan (SEMP) are available to help define the scope of the work to be performed and especially the entrance and exit criteria for key program Events. One example commonly observed is the SOW cross-reference.

Planning 42

Planning Software Review Governance Government 42

Herding Cats

APRIL 5, 2016

Let's look at one example. 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. Related articles. Five Estimating Pathologies and Their Corrective Actions. Let's look at Hayek's paper. "

Software Developers 28

Software Developers Software Development Software Review Software 28

Epicflow Blog

APRIL 25, 2024

The article is based on the webinar “Fighting Uncertainty in Organizations, Including Matrix Ones, to Achieve Excellent Reliability” with TOC experts Eli Schragenheim and Albert Ponsteen. This article explores managing uncertainty in organizations. Albert is the co-founder of Epicflow, an AI-driven multi-project management system.

2016 52

2016 Monitoring Risk Management Healthcare 52

MPUG

JUNE 1, 2022

In addition to that, as well as the PMI standards plus to lead the way for the immediate processes, the techniques when it comes to things like estimating or requirements management and things along those lines. When we look at the different sections here, what I like is that they talk about delivery cadence and they give a few examples.

PMI 59

PMI Software Review Estimate Risk Management 59