The IIL Blog

OCTOBER 17, 2023

hours, personnel needed, and/or tasks) to ensure that a project can be completed on time and within budget. Change Control A formal process of documenting, reviewing, approving, and managing a change to a project’s scope, schedule, budget, or quality parameters. Capacity Planning To identify the number of resources (e.g.,

Development Team Review 148

Development Team Review Project Life Cycle Underperforming Technical Team Estimate 148

Project Pulse Journal

APRIL 25, 2024

By: Hajime Estanislao, PMP, CSM Are there projects missing deadlines, going over budget, or failing to meet expectations within your organization? Take control of your projects and programs today and start seeing the benefits of strategic project management. You're not alone. What is a Project Management Office?

PMO 52

PMO Governance Government 2014 52

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. You can get this number from your finance analyst, budget spreadsheet, or report. If the CV is positive, that shows you are under budget.

Budget 40

Budget Controlling Performance Measurement Finance 40

UPQODE

APRIL 7, 2023

Source: Unsplash Marketing operations professionals are responsible for managing the processes, systems, and technologies that support marketing initiatives, such as project management, budgeting, data analysis, campaign execution, and performance measurement. How Do Marketing Operations And B2B Attribution Relate to Each Other?

Technical Review 52

Technical Review Finance Performance Measurement Closing 52

ProProfs Project Management

APRIL 9, 2020

So, keep your cards close and track what matters most, to emerge as a winner. You really need to keep a close eye on project performance indicators to make your presence felt in the business domain. Cost Performance Index (CPI). Schedule Performance Index (SPI). Budget Variance. Cost Performance Index (CPI).

Monitoring 111

Monitoring Budget Closing Performance Measurement 111

ProProfs Project Management

MARCH 18, 2020

Project Management is the art of coordinating resources and directing working groups to execute components of work so that each group delivers components that can be tied together into a wholesome deliverable (contracted scope of work) within schedule and budget. Monitoring and Controlling. Perform Integrated Change Control .

Process 99

Process Project Life Cycle Development Team Review Risk Management 99

Herding Cats

DECEMBER 4, 2017

"On spec" is open loop control on value. Project Controls are Management Actions, either preplanned to achieve the desired result, or taken as a corrective measure prompted by the monitoring process. Here are definitions from "Technical Measurement," INCOSE-TP-2005-020-10. The Measures of Effectiveness.

2005 37

2005 Performance Measurement Closing Controlling 37

Project Pulse Journal

MARCH 18, 2024

We will explore how the project management control process and systems are the backbone of project success, providing structure, oversight, and direction to ensure that projects are executed and aligned with organizational goals and values. At the heart of this lies the robust framework of Organizational Governance Systems.

Governance 52

Governance Government Risk Management 2015 52

Herding Cats

JUNE 19, 2017

The Cone of Uncertainty as a Technical Performance Measure. Closed Loop Stochastic Adaptive control in the presence of Evolving Uncertainty. Active reduction requires we have a desired reduction goal, perform the work, and measure progress toward the rduction goal. Measure of Effectiveness.

Technical Review 35

Technical Review Performance Measurement Underperforming Technical Team Estimate 35

ProProfs Project Management

JANUARY 21, 2020

The amount of money allocated to a specific project is referred to as the project budget. Performance Measurement Baseline. This creates a point of comparison of all the other baselines to evaluate project performance. Closing Process. Overall Change Control. X-Bar Control Charts. Optimistic Duration.

Underperforming Technical Team 111

Underperforming Technical Team Estimate Risk Management Defining 111

Herding Cats

OCTOBER 12, 2018

This is a serious mistake for any non-trivial project or product that operates in the presence of uncertainty, deadlines, not-t-exceed budgets, and mandatory sets of capabilities that are produced in exchange for money. Progress and Value are measured with the same in Earned Value Management. Technical Performance Measures.

Engineering 32

Engineering Performance Measurement Underperforming Technical Team Risk Management 32

Project Pulse Journal

MARCH 7, 2024

Functions Associated with Projects A system for value delivery encompasses a range of knowledge areas associated with the project lifecycle, including initiating, planning, executing, and closing (PMBOK, 2017). These knowledge areas are pivotal in the attainment of project objectives and the delivery of value to stakeholders.

Governance 52

Governance Government Technical Review Sustainability 52

Herding Cats

FEBRUARY 4, 2017

- How much variance reduction needs to take place in the project attributes (risk, effectiveness, performance, cost, schedule - shown below) at what points in time, to increase the probability of project success? This is a closed loop control system for managing the program with a T echnical Performance Measure (TPM).

Technical Review 28

Technical Review Estimate 2005 Software Review 28

Herding Cats

JULY 24, 2017

Traditional project management approaches, several of which are based on a strong belief in the cone of uncertainty, advocate stronger project control and greater planning. While controls and planning are useful, an overly strict focus can result in attempts to solve the wrong goal. But a more important idea is missing in the article.

2007 42

2007 2012 2006 2008 42

Herding Cats

JANUARY 22, 2017

The Measure that is modeled in the Cone the variable is the Quantitative basis of a control process that establishes the goal for the performance measure. Analyzing trends that help focus on problem areas at the earliest point in time - when the variable under control starts misbehaving, intervention can be taken.

Technical Review 28

Technical Review 2005 Estimate Software Review 28

Herding Cats

JANUARY 14, 2017

We need to know the Upper Control Limits (UCL) and Lower Control Limit (LCL) of the ranges of all the variables that will impact the success of our project. With this paradigm we have logically connected project management processes with Control System processesIf the variances, created by uncertainty going outside the UCL and LCL.

Technical Review 28

Technical Review Software Review Underperforming Technical Team Risk Management 28

Herding Cats

AUGUST 19, 2016

Is this macroeconomic model a correct operational model for software development processes - measuring changes the target ? Setting targets and measuring performance against that target is the basis of all closed loop control systems used to manage projects. No measures of effectiveness. Doing the Math.

Performance Measurement 28

Performance Measurement Estimate Software Developers Software Development 28

Herding Cats

JANUARY 17, 2017

The Measure that is modeled in the Cone the variable is the Quantitative basis of a control process that establishes the goal for the performance measure. Analyzing trends that help focus on problem areas at the earliest point in time - when the variable under control starts misbehaving, intervention can be taken.

Technical Review 28

Technical Review 2005 Estimate Software Review 28

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. Why did only 20% of the projects finish on time?

2010 28

2010 2007 Estimate Aerospace 28

Herding Cats

FEBRUARY 9, 2018

In the project domain, an estimate is a calculated approximation of some desired measurement. This is usually a cost, a completion date, a performance measure used in a closed loop control system to keep the project GREEN while delivering the needed Capabilities to produce the Value for the customer at the needed time for the needed cost.

Underperforming Technical Team 44

Underperforming Technical Team Estimate 2003 Software Review 44

Herding Cats

APRIL 16, 2019

Project Performance Management (#PPM). Technical Performance Measures (#TPM). Cost, Schedule, and Technical Performance Management (#CSTPM). Open Loop / Closed Loop Project Controls - project management is a closed loop control system. Project Performance Management.

Technical Review 42

Technical Review Performance Measurement Underperforming Technical Team Governance 42

Epicflow Blog

OCTOBER 8, 2019

is an approach to evaluating a gross value applying such criteria as budget, complexity, duration, and size based on a previous similar project estimation experience. . Budget at Completion (BAC) . is initial data for your project performance measurement necessary for the start. Budgeting . Control Account (CA) .

Software Review 45

Software Review Project Life Cycle Estimate Technical Review 45

Epicflow Blog

OCTOBER 8, 2019

is an approach to evaluating a gross value applying such criteria as budget, complexity, duration, and size based on a previous similar project estimation experience. . Budget at Completion (BAC) . is initial data for your project performance measurement necessary for the start. Budgeting . Control Account (CA) .

Software Review 40

Software Review Project Life Cycle Estimate Technical Review 40

Workamajig

JANUARY 11, 2021

Administrative Closure: A list of the requirements necessary to formally close the project. Budget : The sum total of all the money allocated for a project. Budget at Completion (BAC): BAC is the sum total of all budgets established for the work to be performed.

Underperforming Technical Team 78

Underperforming Technical Team Project Life Cycle Estimate Risk Management 78

Herding Cats

APRIL 30, 2019

If both parties didn't have a status reporting process that was 0ne-half the distance between that time, they're going to lose control of the project. This is a foundational principle of program planning and controls just as it is a principle of closed-loop control systems. Risk Control plans . Change Control.

Software Review 41

Software Review Technical Review Engineering 2018 41

Herding Cats

JANUARY 23, 2018

What does done look like for quality control? 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. What does done look like for the customer?

Technical Review 44

Technical Review Performance Measurement Engineering Estimate 44

Herding Cats

APRIL 4, 2019

All making things smaller dos is show that you're late, over budget, and what you're building (Technical Performance Measures) doesn't work faster. It just closed the loop faster. PM Sourcebook Integrated Project Management Sourcebook A Technical Guide to Project Scheduling, Risk and Control, Mario Vanhoucke, Springer.

Risk Management 43

Risk Management Risk 2003 2011 43

MPUG

JUNE 1, 2022

We invite you to join in today with questions and comments by using the chat feature in the GoToWebinar control panel. The planning, the executing, the monitoring, controlling, and hopefully you’re getting it right and refining and improving until bam, closing. You can see that up here on the slide. Then planning.

PMI 59

PMI Software Review Estimate Risk Management 59