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? This project office is important for organizations managing multiple projects simultaneously as it helps to ensure their completion on time, within budget, and within the scope required.

PMO 52

PMO Governance Government 2014 52

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

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

The Strategic Project Manager

MARCH 14, 2024

For example, they can collaborate closely with stakeholders to communicate the value proposition of the project or program, gather feedback on proposed innovations, and address concerns or objections effectively. It’s essential for ensuring alignment with value innovation goals.

Innovation 52

Innovation Sustainability Performance Measurement Risk Management 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

MPUG

JULY 10, 2023

You can get this number from your finance analyst, budget spreadsheet, or report. Budget at Completion (BAC) Budget at completion (BAC) is exactly what it sounds like: the budget forecast. If not, use the number that was given to you at the start of the project which is your budget allocation for the whole project.

Budget 40

Budget Controlling Performance Measurement Finance 40

Kiron Bondale

SEPTEMBER 18, 2016

Companies are often organized into departments of distinct, specialized skills and performance measurement programs emphasize the individual instead of teams. Traditional recognition programs reward individual performance with team celebration or recognition getting short shrift when it comes to budgets.

Agile 120

Agile Performance Measurement Closing Leadership 120

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. Total budget for the release. EVM Metrics in Agile Approaches.

Underperforming Technical Team 59

Underperforming Technical Team Agile Performance Measurement PMI 59

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

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 18, 2024

Establishing the Foundation and the Pillars of Project Governance In project management, success isn't merely about meeting deadlines or staying within budget constraints; it's about delivering tangible value that aligns the project objectives with organizational goals.

Governance 52

Governance Government Risk Management 2015 52

LiquidPlanner

MAY 9, 2017

These measures will give you some interesting management information and might help you manage the team. But if your sponsor is unhappy in the end, she won’t feel any better by you telling her you were under budget by 1.3 You need to stay close to the expectations of your project decision makers. So, let’s split your question.

Performance Measurement 107

Performance Measurement Budget Closing Agile 107

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. It can also refer to a comprehensive set of expenses or revenues.

Underperforming Technical Team 111

Underperforming Technical Team Estimate Risk Management Defining 111

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

JULY 24, 2017

Shipping on time, to specifications, and within budget might be meaningless if a competitor is shipping software that has a greater value to the market. The notion of reducing uncertainty may be possible, but shipping on time and budget may be meaningless if a competitor ships greater value. Cone of Uncertainty - Part Cinq.

2007 42

2007 2012 2006 2008 42

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

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

JANUARY 22, 2017

When actual measures of cost, schedule, and technical performance are outside the planned cone of uncertainty, corrective actions must be taken to move those uncertanties inside the cone of uncertanty, if the project is going to meet it's cost, schedule, and technical performance goals. .

Technical Review 28

Technical Review 2005 Estimate Software Review 28

Herding Cats

JANUARY 14, 2017

This is a closed loop control system for managing the program with a T echnical Performance Measure (TPM). There can be cost and schedule performance measures as well. And as the program proceeds the variances measures on those items move toward compliance of the target number in this case Weight.

Technical Review 28

Technical Review Software Review Underperforming Technical Team Risk Management 28

Herding Cats

JANUARY 17, 2017

When actual measures of cost, schedule, and technical performance are outside the planned cone of uncertainty, corrective actions must be taken to move those uncertanties inside the cone of uncertanty, if the project is going to meet it's cost, schedule, and technical performance goals. .

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.

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. Management Processes (#MP).

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 . Analogous Estimating .

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 . Analogous Estimating .

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. Else, the project has a budget deficit.

Underperforming Technical Team 78

Underperforming Technical Team Project Life Cycle Estimate Risk Management 78

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

JULY 17, 2017

There are several partitions of this information that are common in building the Performance Measurement Baseline (PMB). The PMB is a time phased, budgeted description of the project. In traditional programs, this is an Integrated Master Plan and Integrated Master Schedule, with budgets laid into the Work Packages.

Estimate 34

Estimate Logistics Performance Measurement Governance 34

Herding Cats

APRIL 30, 2019

This is a foundational principle of program planning and controls just as it is a principle of closed-loop control systems. You can be late, over budget, and have technical problems, but it can't be a surprise. What are the Measures of Effectiveness for each Capabilities to meet the business and technical goals. Reducible risks.

Software Review 41

Software Review Technical Review Engineering 2018 41

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.’ When buffers are made visible, trust is crucial; without it, their presence can reinforce negative stereotypes, painting them as budget inflators rather than strategic tools. They said, ‘In the U.S.,

2016 52

2016 Monitoring Risk Management Healthcare 52

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. So making things smaller does little if anything for the risks produced by Aleatory uncertainty. This is good, but it doesn't reduce risk.

Risk Management 43

Risk Management Risk 2003 2011 43

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.’ When buffers are made visible, trust is crucial; without it, their presence can reinforce negative stereotypes, painting them as budget inflators rather than strategic tools. They said, ‘In the U.S.,

2016 52

2016 Monitoring Risk Management Healthcare 52

MPUG

JUNE 1, 2022

The planning, the executing, the monitoring, controlling, and hopefully you’re getting it right and refining and improving until bam, closing. Now you’re looking at this and you’re like, now you’re squinting and looking very close at your monitor. Now, bear in mind, this is all iterative, right?

PMI 59

PMI Software Review Estimate Risk Management 59

Wrike

JANUARY 20, 2022

Showing an overview of current performance. Measuring real-time performance accurately. IT teams have evolved from being a support function to enabling better business performance. The IT team’s KPIs, budgets, and project performance are a few elements that can be tracked using custom dashboards.

Fractional CTO 36

Fractional CTO CTO Hire Technical Review Performance Measurement 36