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. Perform Integrated Change Control . — Project Management Institute.

Process 99

Process Project Life Cycle Development Team Review Risk Management 99

ProProfs Project Management

JANUARY 21, 2020

The amount of money allocated to a specific project is referred to as the project budget. It refers to any prediction or estimation made on a project’s status, including how it will unfold in the future. The shortest time estimated to complete a specific project task or activity is known as optimistic duration. Delphi Technique.

Underperforming Technical Team 111

Underperforming Technical Team Estimate Risk Management Defining 111

Epicflow Blog

APRIL 25, 2024

they have been working on it already for more than 10 years, and they are not close to what we have achieved.’ For example, a project estimated at 100 work hours might include a 20-hour time buffer for contingencies like absences or technical issues. But the professionals who executed the project considered it a huge success.

2016 52

2016 Monitoring Risk Management Healthcare 52

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. Management Processes (#MP).

Technical Review 42

Technical Review Performance Measurement Underperforming Technical Team Governance 42

Herding Cats

DECEMBER 4, 2017

In the Project Controls paradigm, Value is a measurable attribute of the project controls process - a Closed Loop Control measure. The units of measures of Cost and Time are straightforward. The Measures of Effectiveness. Measures of Performance. The Technical Performance Measures.

2005 37

2005 Performance Measurement Closing Controlling 37

MPUG

SEPTEMBER 21, 2020

In EVM terminology, baseline is further defined as the performance measurement baseline (PMB). Performance Measurement Baseline (PMB). In other words, PMB is the time-phased budget of authorized work for a project or program. To understand EVM, one needs to understand the concept of baseline , first and foremost.

Underperforming Technical Team 59

Underperforming Technical Team Agile Performance Measurement PMI 59

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. The Measures of Performance are.

Engineering 32

Engineering Performance Measurement Underperforming Technical Team Risk Management 32

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. This extended post covers.

Technical Review 35

Technical Review Performance Measurement Underperforming Technical Team Estimate 35

Epicflow Blog

OCTOBER 8, 2019

Activity Duration Estimates Review . is a process of detecting risks related to the time allowances for activities in particular or a project in general, with the width of estimates range indicating a respective level of risk. Analogous Estimating . Budget at Completion (BAC) . Bottom-Up Estimating . Budgeting .

Software Review 45

Software Review Project Life Cycle Estimate Technical Review 45

Workamajig

JANUARY 11, 2021

Actual dates are different from planned or estimated dates. Actual Effort: The actual effort spent to complete the activity, as opposed to the planned or estimated effort. Actual Expenditure: The actual expenditure spent to complete the activity, as opposed to the planned or estimated expenditure.

Underperforming Technical Team 78

Underperforming Technical Team Project Life Cycle Estimate Risk Management 78

Epicflow Blog

OCTOBER 8, 2019

Activity Duration Estimates Review . is a process of detecting risks related to the time allowances for activities in particular or a project in general, with the width of estimates range indicating a respective level of risk. Analogous Estimating . Budget at Completion (BAC) . Bottom-Up Estimating . Budgeting .

Software Review 40

Software Review Project Life Cycle Estimate Technical Review 40

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 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

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 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). This is a closed loop control system for managing the program with a T echnical Performance Measure (TPM).

Technical Review 28

Technical Review 2005 Estimate Software Review 28

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). Examples include budget overruns, scope creep, resource shortages, or technical failures.

Governance 52

Governance Government Technical Review Sustainability 52

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

APRIL 30, 2019

A recent lawsuit by Hertz Rental Car against Accenture has turned into a rallying cry by Agilest and No Estimates advocates. Of course, No Root Cause analysis has been performed by these advocates, but it makes good click bait for their followers. You can be late, over budget, and have technical problems, but it can't be a surprise.

Software Review 41

Software Review Technical Review Engineering 2018 41

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). This is a closed loop control system for managing the program with a T echnical Performance Measure (TPM).

Technical Review 28

Technical Review Software Review Underperforming Technical Team Risk Management 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. Abstracted from [3].

2010 28

2010 2007 Estimate Aerospace 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). This is a closed loop control system for managing the program with a T echnical Performance Measure (TPM).

Technical Review 28

Technical Review 2005 Estimate Software Review 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.

Performance Measurement 28

Performance Measurement Estimate Software Developers Software Development 28

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. But when some statement is made about risk, estimating, performance modeling, or the like - always ask for references.

Risk Management 43

Risk Management Risk 2003 2011 43

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. Now you’re looking at this and you’re like, now you’re squinting and looking very close at your monitor.

PMI 59

PMI Software Review Estimate Risk Management 59

Epicflow Blog

OCTOBER 16, 2023

they have been working on it already for more than 10 years, and they are not close to what we have achieved.’ For example, a project estimated at 100 work hours might include a 20-hour time buffer for contingencies like absences or technical issues. But the professionals who executed the project considered it a huge success.

2016 52

2016 Monitoring Risk Management Healthcare 52