MPUG

MAY 14, 2021

Please find below a transcription of the audio portion of Fletcher Hearn’s session, Project Performance Measurement – Part 2: What to Measure and How to Report, being provided by MPUG for the convenience of our members. Kyle: And welcome to Part 2 of MPUG’s Project Performance Measurement course. million.

Performance Measurement 59

Performance Measurement Underperforming Technical Team Software Engineering Engineering 59

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

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. NASA Cost Estimating Handbook.

Performance Measurement 28

Performance Measurement Aerospace 2006 Estimate 28

Herding Cats

MARCH 17, 2019

Here are my collected works, presentations, briefings, journal papers, articles, white papers, and essays, used to increase the Probability of Project Success (PoPS) I've developed and applied over my career in the software-intensive system of systems domain. Capabilities Based Planning. Capabilities Based Planning (V2).

2003 54

2003 2011 2008 Performance Measurement 54

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. When might we finish with the planned work?

Estimate 46

Estimate Software Review Underperforming Technical Team Technical Review 46

Herding Cats

OCTOBER 1, 2016

For software, this can be value produced (assuming we have a unit of measure for that value in the for of effectiveness, performance, key performance parameters, or technical performance measures ). The response to change rate ‒ how fast can you make corrective actions to the system to keep it on plan.

Closing 28

Closing Estimate Controlling Process 28

Herding Cats

MAY 1, 2017

Performance–Based Project Management ® integrates five critical program management process areas with – Cost, Schedule, and Technical Performance Measures. The inclusion of Technical Performance Measures (TPM) separates this approach from conventional methods based solely on managing cost and schedule.

Performance Measurement 42

Performance Measurement Estimate Risk Management Budget 42

MPUG

SEPTEMBER 21, 2020

In this article, we are going to explore Earned Value Management (EVM), a widely used traditional management technique, but we are going to look at it within the context of an Agile domain. In EVM terminology, baseline is further defined as the performance measurement baseline (PMB). Performance Measurement Baseline (PMB).

Underperforming Technical Team 59

Underperforming Technical Team Agile Performance Measurement PMI 59

ProProfs Project Management

MARCH 18, 2020

Initiation is the very first phase of project management, and it is all about measuring the value, benefits, and feasibility of the project. The main tools used in initiation are the business case document and the benefits management plan. . Once the project is approved in the initiation phase, the next thing to do is planning.

Process 99

Process Project Life Cycle Development Team Review Risk Management 99

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. Planned Value.

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. The BAC is the same as the Planned Value for the whole project. Planned Value (PV) also has another, more descriptive name: Budgeted Cost of Work Scheduled (BCWS).

Budget 40

Budget Controlling Performance Measurement Finance 40

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. is a Fallacy.

2005 37

2005 Performance Measurement Closing Controlling 37

Herding Cats

MARCH 5, 2017

Does the code produce the Planned Capabilities that were paid for? 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? Do they characterize the major drivers of performance?

Software Review 28

Software Review Technical Review Performance Measurement Estimate 28

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). Inadequate assessment of risks and unmitigated exposure to these risks with proper handling plans. This is due to many reasons.

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). Inadequate assessment of risks and unmitigated exposure to these risks with proper handling plans. This is due to many reasons.

Technical Review 28

Technical Review Estimate 2005 Software Review 28

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

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.

Technical Review 28

Technical Review Software Review Underperforming Technical Team Risk Management 28

Wrike

MARCH 4, 2021

This article will explain what vendor management is and why it’s important for your organization. You will learn to write a vendor management plan, choose a suitable vendor management system, and implement vendor management best practices. . Estimating turnaround times. Reviewing performance . Making payments .

Performance Measurement 36

Performance Measurement Defining Monitoring Process 36

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). Inadequate assessment of risks and unmitigated exposure to these risks with proper handling plans. This is due to many reasons.

Technical Review 28

Technical Review 2005 Estimate Software Review 28

Herding Cats

AUGUST 12, 2016

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. There is no ideal in the estimating business.

Technical Review 28

Technical Review Estimate 2003 Aerospace 28

Herding Cats

DECEMBER 29, 2017

To make some conjecture that some process will fix the problem - Estimates are the smell of dysfunction and NOT Estimating will fix that dysfunction - is naive at best and willfully ignorant of Root Cause Analysis at worse. Any successful technical communication needs to have: Measures of Effectiveness. Related articles.

Process 56

Process Estimate Engineering Performance Measurement 56

Herding Cats

FEBRUARY 9, 2018

I've seen estimates abused by bad managers, so let's NOT estimate and that will fix the behavior of Bad Managers." While the human behaviors are real and observable, conjecturing that decisions can be made in the presence of uncertainty without estimating the outcome of those decisions, there is no principle to support that conjecture.

Underperforming Technical Team 44

Underperforming Technical Team Estimate 2003 Software Review 44

Herding Cats

DECEMBER 5, 2017

And to make those risk-informed decisions in the presence of reducible and irreducible uncertainty we need to ESTIMATE. Risk-Adjusted Plans. Plans for Increasing Maturity of the Deliverables. Top Four Sources of Unfavorable Program Performance. Unrealistic Performance Expectations. Estimating Processes.

Aerospace 37

Aerospace Estimate Governance Government 37

Herding Cats

AUGUST 14, 2016

Measure of Performance - characterize physical or functional attributes relating to the system operation, measured or estimated under specific conditions. MOP's are attributes that assure the systems to capability to perform. Related articles. Capabilities Based Planning First Then Requirements.

Performance Measurement 49

Performance Measurement Engineering Lean Software Developers 49

Herding Cats

JUNE 4, 2017

Without these measures, Done will usually mean we ran out of time and money. . Plans are strategies for success. For the project to be successful, we need a Plan. Estimating how much is the starting point. Estimating is part of risk management. No Estimating? Related articles. No Adult Management.

Estimate 39

Estimate Risk Management Risk Engineering 39

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. While HR professionals may not be used to planning and managing formal projects, many of the activities they complete are, in fact, projects. . Planning of retreats and kick-offs .

Underperforming Technical Team 36

Underperforming Technical Team Software Review Performance Measurement Executing 36

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. Abstracted from [3].

2010 28

2010 2007 Estimate Aerospace 28

Project Pulse Journal

MARCH 7, 2024

In the constantly changing field of project management, it is essential to know and be familiar with the system for value delivery - it is a necessary part of your strategic planning and business success. With the fast pace of business, the system for value delivery can seem overwhelming.

Governance 52

Governance Government Technical Review Sustainability 52

Herding Cats

JUNE 12, 2017

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

Information Technology 34

Information Technology Estimate Engineering Innovation 34

Herding Cats

MARCH 31, 2017

What does Done look like in units of measure meaningful to the decision makers? What is the Plan and the Schedule for the work in that Plan to reach Done for the needed cost on the needed date to deliver the needed Value to those paying for the work? What are the units of measures of progress to plan for each deliverable?

Process 53

Process Engineering Software Developers Software Development 53

Herding Cats

AUGUST 19, 2016

EVM is a project management technique for measuring project performance and progress in an objective manner. A baseline of the planned value is established, work is performed, physical percent complete is measured, and the earned value is calculated. No measures of effectiveness. No measures of performance.

Performance Measurement 28

Performance Measurement Estimate Software Developers Software Development 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

JANUARY 29, 2018

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. IT Risk Management.

Manufacturing 40

Manufacturing Estimate Risk Management Budget 40

Herding Cats

APRIL 4, 2016

The identification of the requirements, the test plans, and the features provided for each release are an essential driver of the product development process. . Related articles. Technical Performance Measures. Estimating Guidance. Systems Thinking and Capabilities Based Planning.

Engineering 28

Engineering Software Performance Measurement Finance 28

Herding Cats

NOVEMBER 29, 2017

Much has been written about the sources of risk and how to Manage in the Presence of Uncertainty (This briefing describes how risk is managed for each element of the Integrated Master Plan). . What About the Plan to Manage in the Presence of Uncertainty . Plans are Strategies. A Strategy is a Hypothesis.

Planning 42

Planning Software Review Governance Government 42

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. This practice results in moving the dates of the original, baseline plan to where they actually happened. This is explained in my second article.

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. Both cases cause severe damage to the performance of the organization.

2016 52

2016 Monitoring Risk Management Healthcare 52