Wrike

JUNE 11, 2023

The importance of risk management in IT cannot be overstated. However, with this reliance comes the inherent risks of cyber threats, data breaches, and operational disruptions. Once the risks have been identified and assessed, organizations must develop and implement strategies to manage and mitigate them.

Risk Management 36

Risk Management Risk Underperforming Technical Team Technical Review 36

Kiron Bondale

JANUARY 6, 2019

I finally completed reading Nassim Taleb ‘s book Skin in the Game which I had written about in a recent article. Introduce performance measures and incentives for control staff which are tied to the impacts created by their work as opposed to just the completion of this work.

Controlling 180

Controlling PMO Performance Measurement Influencer 180

Project Pulse Journal

MARCH 18, 2024

In this article, we will dive deep into organizational and project governance and systems in project management. Imagine navigating project risks confidently with efficient resource utilization, managing projects for maximum efficiency, and promoting a culture of transparency and accountability within your project team and organization.

Governance 52

Governance Government Risk Management 2015 52

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. Avoid Verbal Orders is a critical process in any critical situation. Measures of Performance.

Process 56

Process Estimate Engineering Performance Measurement 56

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. Related articles.

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. Business, Technical, Systems, Risk, and Project Management.

2003 54

2003 2008 2011 Performance Measurement 54

Project Pulse Journal

MARCH 7, 2024

This system encompasses processes, principles, understanding customer preferences, and best practices designed to optimize project outcomes while aligning with organizational objectives. Organizations can optimize project performance and outcomes by integrating these functions into a cohesive framework.

Governance 52

Governance Government Sustainability Technical Review 52

Herding Cats

MARCH 31, 2017

Practices and Process are Fads. A Process is a series of steps and decisions involved in the way work is completed. Here's my version in the form of questions that when answered form the foundation for the Practices and Processes. What does Done look like in units of measure meaningful to the decision makers?

Process 53

Process Engineering Software Developers Software Development 53

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

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 ). DP6Jw is an overview of this process. Stochastic process control is the field of study. https://goo.gl/DP6Jw

Closing 28

Closing Estimate Controlling Process 28

Wrike

SEPTEMBER 3, 2023

By implementing an effective operational excellence strategy, companies can streamline their processes, optimize performance, and achieve sustainable growth. At its core, operational excellence is about continuously improving processes, eliminating non-value-added activities, and delivering consistent value to customers.

Healthcare 36

Healthcare Retail Sustainability Technical Review 36

International Institute for Learning

OCTOBER 4, 2022

All companies desire to remain competitive and continuously improve their project management performance by becoming more efficient and more effective in the execution of their project management processes. Step 3: Be able to analyze the business and project management processes of other companies/organizations.

Aerospace 59

Aerospace Underperforming Technical Team Governance Government 59

Wrike

JULY 29, 2023

In this article, we will explore the importance of strategic planning in business and delve into the details of using a business roadmap template effectively. Strategic planning is the process of charting a course for the future of an organization. That’s where a business roadmap template comes in handy.

Technical Review 36

Technical Review Planning Underperforming Technical Team Development Team Review 36

Techno-PM

JULY 5, 2023

It also helps keep the project on budget and reduces the risk of project failure. In this article, we will discuss 10 ways to maintain consistent project quality, providing tips and strategies that can be implemented to improve the chances of project success. Leveraging technology to ensure consistency.

Technical Review 36

Technical Review Monitoring Software Review Defining 36

Techno-PM

JULY 5, 2023

It also helps keep the project on budget and reduces the risk of project failure. In this article, we will discuss 10 ways to maintain consistent project quality, providing tips and strategies that can be implemented to improve the chances of project success. Leveraging technology to ensure consistency.

Technical Review 36

Technical Review Monitoring Software Review Defining 36

Wrike

SEPTEMBER 3, 2023

In this article, we will explore the basics of workload management, discuss strategies for effective workload management, address common challenges, delve into the role of time management, and explore ways to measure the success of your workload management efforts.

Energy 36

Energy Technical Review Performance Measurement Sustainability 36

Wrike

JUNE 11, 2023

The Concept of Efficiency Efficiency is the measure of how well resources are utilized to achieve desired outcomes. It involves optimizing processes, eliminating waste, and maximizing productivity. One critical component is the optimization of processes and workflows.

Software Review 36

Software Review Technical Review Innovation Performance Measurement 36

Herding Cats

MARCH 5, 2017

Are the Technical Performance Measures stated in units that can determine how well the systems or system element is satisfying or expected to satisfy a technical requirement or goal? The Definition of Done MUST be in actionable units of measure meaningful to the decision makers. Related articles. Open Loop Thinking v.

Software Review 28

Software Review Technical Review Performance Measurement Estimate 28

Techno-PM

JULY 5, 2023

It also helps keep the project on budget and reduces the risk of project failure. In this article, we will discuss 10 ways to maintain consistent project quality, providing tips and strategies that can be implemented to improve the chances of project success. Leveraging technology to ensure consistency.

Technical Review 28

Technical Review Monitoring Software Review Defining 28

Wrike

MARCH 4, 2021

This article will explain what vendor management is and why it’s important for your organization. It’s a process that includes tracking, measuring, reviewing, and aligning their goals with your organization to ensure a profitable partnership. Reviewing performance . Risk mitigation. Making payments .

Performance Measurement 36

Performance Measurement Defining Monitoring Process 36

Herding Cats

DECEMBER 4, 2017

Project Controls are Management Actions, either preplanned to achieve the desired result, or taken as a corrective measure prompted by the monitoring process. Project controls are concerned with the metrics of the project – quantities, time, cost, and other resources and their measurable beneficial outcomes for the project.

2005 37

2005 Performance Measurement Closing Controlling 37

Herding Cats

AUGUST 14, 2016

They are an assessment of the system to assure it meets the design requirements to satisfy the Measures of Effectiveness . Technical Performance Measures - are attributes that determine how well a system or system element is satisfying or expected to satisfy a technical requirement or goal. TPMs assess the design process.

Engineering 49

Engineering Performance Measurement Lean Software Developers 49

Herding Cats

JANUARY 19, 2018

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.

Performance Measurement 31

Performance Measurement Estimate Finance Manufacturing 31

Herding Cats

JANUARY 22, 2017

Aleatory and Epistemic uncertainties, which create the risk to the success of the project. Other uncertainties that create risk include: Unrealistic performance expectation with missing Measures of Effectiveness and Measures of Performance. Here's a simple definition of the Cone of Uncertainty: .

Technical Review 28

Technical Review Software Review Estimate 2005 28

Herding Cats

JANUARY 14, 2017

Aleatory and Epistemic uncertainties, which create risk to the success of the project. Since all project work contains uncertainty, reducing this uncertainty - which reduces risk - is the role of the project team and their management. A critical success factor for all project work is Risk Management. So the question is? -

Technical Review 28

Technical Review Software Review Risk Management Underperforming Technical Team 28

Herding Cats

FEBRUARY 4, 2017

Aleatory and Epistemic uncertainties, which create the risk to the success of the project. Other uncertainties that create risk include: Unrealistic performance expectation with missing Measures of Effectiveness and Measures of Performance. Here's a simple definition of the Cone of Uncertainty: .

Technical Review 28

Technical Review Estimate 2005 Software Review 28

Wrike

JULY 1, 2020

In fact, HR professionals are increasingly adopting project management tools to improve their processes and workflows. . In this article, we will discuss the benefits of project management for HR professionals and why HR project management is vital for departmental success. Some of the outcomes of this process include: .

Underperforming Technical Team 36

Underperforming Technical Team Software Review Performance Measurement Executing 36

Herding Cats

OCTOBER 27, 2016

Risk Management is how Adults Manage Projects - Tim Lister. Both these drivers of risk will impact the probability of success of projects. Decision-making is the process of choosing among alternatives. The process of making a decision involves three elements: values, alternatives, and facts (Buede, 2009). [1].

2009 28

2009 2015 Influencer Performance Measurement 28

Herding Cats

JANUARY 17, 2017

Aleatory and Epistemic uncertainties, which create the risk to the success of the project. Other uncertainties that create risk include: Unrealistic performance expectation with missing Measures of Effectiveness and Measures of Performance. Here's a simple definition of the Cone of Uncertainty: .

Technical Review 28

Technical Review Software Review Estimate 2005 28

Herding Cats

DECEMBER 5, 2017

Our topic is Increasing the Probability of Program Success Thorugh Continuous Risk Management. . Risk Management is How Adults Manage Projects. If you are not managing risk on your project, what are you managing? So let's look at the principles, processes, and practices that will be in the White paper when it is complete.

Aerospace 37

Aerospace Estimate Governance Government 37

Herding Cats

APRIL 29, 2017

The best starting point for determining the NEEDED precision and accuracy is to determine the Value at Risk. . If I'm risking two weeks of work for the Scrum team of 5 people it's a much different need from the risk of a $10B manned spaceflight program being supported to congress for budget authorization. . Related articles.

Estimate 46

Estimate Risk Management Risk SCRUM 46

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. In both cases, these create a risk to the success of the project.

Manufacturing 40

Manufacturing Estimate Risk Management Budget 40

ExamsPM

JUNE 20, 2017

Project Communications Management is the process of planning, collecting, storing, and updating project information. This article is part of a PMP Study Guide that summarizes the Communications Management Knowledge Area. In this article, we will cover the key terms and three processes in the Communications Management Knowledge Area.

Communications Management 31

Communications Management Technical Review Performance Measurement Influencer 31

Herding Cats

JANUARY 5, 2017

This means having a set of Principles, Process, and Practices to test the suggestion against. These Five Immutable principles are time phased into Processes that provide answers to the Five Principles. and the connections between each Process are made to form a Closed Loop control systems needed to manage any project.

Estimate 81

Estimate Closing Controlling Defining 81

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. Both these cause risk to cost, schedule, and technical outcomes.

Estimate 28

Estimate Technical Review 2003 Aerospace 28

Herding Cats

JUNE 4, 2017

No matter the engineering processes used to produce the outcomes from the project. Risk Management is How Adults Manage Projects - Tim Lister. No risk management plan with mitigations, the risks are still there, and we're not managing other people's money like adults. Estimating is part of risk management.

Estimate 39

Estimate Risk Management Risk Engineering 39

Herding Cats

JUNE 4, 2016

I spent the week speaking at the College of Performance Management conference where government and industry come together to work on the issues of cost, schedule, and technical performance management process improvement needed to increase the probability of program success. Related articles. IT Risk Management.

Software Engineering 28

Software Engineering Finance Performance Measurement Manufacturing 28