ProjectManager.com

JANUARY 31, 2024

Relatively new, the balance scorecard was introduced in 1992 by David Norton and Robert Kaplan, by taking existing metric performance measures and adapting them to include nonfinancial information. The balanced scorecard measures four aspects of a business or organization: finance, customers, business processes and learning and growth.

Performance Measurement 395

Performance Measurement Governance Government Initiating 395

Herding Cats

MAY 16, 2019

Budget control is mandatory for any credible management of other peoples money. Call me when you find a customer who thinks it is cheaper to not plan and forecast the short, medium, and long term expected performance in exchange for a planned cost, delivered at the needed date to fulfill the business mission.

Performance Measurement 33

Performance Measurement Technical Review Estimate Risk Management 33

Rebel’s Guide to PM

MARCH 18, 2021

Here are some examples: Budget Milestone schedule Scope baseline Performance measurement baseline. We create baselines throughout the project. They represent approved versions of whatever plan they relate to. Baselines will be created and updated as the project progresses and as major changes happen. Visual data and information.

Logistics 509

Logistics Artificial Inteligence PMI Performance Measurement 509

NimbleWork

APRIL 16, 2024

Project management is a multifaceted discipline that combines techniques, processes, and strategies to plan, execute, monitor, and control projects effectively. Planning: In this process, project managers develop a comprehensive project plan that outlines the scope, schedule, budget, resources, and risks associated with the project.

Process 52

Process 2030 Software Review Estimate 52

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.

Performance Measurement 59

Performance Measurement Underperforming Technical Team Software Engineering Engineering 59

Rebel’s Guide to PM

JULY 20, 2023

Here are some examples: Budget baseline Milestone schedule Scope baseline Performance measurement baseline. Baselines We create baselines throughout the project. They represent approved versions of whatever plan they relate to.

Logistics 258

Logistics Artificial Inteligence PMI Performance Measurement 258

ProjectManager.com

SEPTEMBER 4, 2019

A PMIS enables an organized and controlled flow of information, so nothing is siphoned off or misplaced. Budget: Associate cost with individual tasks for more accurate budget estimation and generation. It supports cost management planning, including WBS analysis and integration of control processes. What Is PMIS?

Software Review 211

Software Review Project Life Cycle Closing Budget 211

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

Herding Cats

OCTOBER 11, 2016

Was the scope controlled, properly funded, staffed properly, defects too high - causing rework, and a myriad of other operational and developmental things that could have caused the actual result to not match the initial estimate. Who's Budget is it Anyway? What processes are in place to execute according to plan? Department of Energy.

Performance Measurement 28

Performance Measurement Aerospace 2006 Estimate 28

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

Epicflow Blog

OCTOBER 5, 2022

But in a multi-project environment, when more than two projects run in parallel, being focused on a project performance only can be harmful for your organization. Examining Project Progress and Performance: Essence and Key Techniques. Check how much work is left to do against the approved budget. Read further to understand why.

Performance Measurement 52

Performance Measurement Software Review 2022 Budget 52

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.

Technical Review 52

Technical Review Finance Performance Measurement Closing 52

ProProfs Project Management

APRIL 9, 2020

Cost Performance Index (CPI). Schedule Performance Index (SPI). Budget Variance. key performance indicators provide performance-related insights so that you accomplish your objectives at the end without breaking a sweat. Measurement is the first step that leads to control and eventually to improvement. —

Monitoring 111

Monitoring Budget Closing Performance Measurement 111

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

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

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. Measures of Performance.

2005 37

2005 Performance Measurement Closing Controlling 37

Wrike

DECEMBER 15, 2020

Improved schedule management planning helps with forecasting time-related costs, budget and resource allocation, and personnel availability. . Developing a schedule management plan is a critical phase in project planning that ensures you start, monitor, control, and complete projects successfully. Identify performance measures.

Planning 68

Planning Software Review Underperforming Technical Team Performance Measurement 68

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

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

Techno-PM

SEPTEMBER 2, 2021

Project Execution is a project management strategy that incorporates continuous processes and activities to monitor, control, and communicate progress on projects. Controlling (ensuring effectiveness). The execution phase in a project plan has two main parts: control and communications. Download Project Management Templates !

Executing 36

Executing Monitoring Performance Measurement Controlling 36

Workamajig

JUNE 11, 2019

A robust PM system might tell you how a project is doing at any moment, but it can’t tell you how the organization or its constituent people are performing. Measuring and monitoring project management metrics fills this gap. Whatever else you might measure, it is crucial that you measure these three metrics at least.

Estimate 93

Estimate Budget Infrastructure Performance Measurement 93

Techno-PM

JULY 5, 2023

It also helps keep the project on budget and reduces the risk of project failure. Implement quality assurance and control measures: Regularly assess project activities, outputs, and outcomes against predefined quality criteria to identify and address any deviations from expected quality standards.

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. Implement quality assurance and control measures: Regularly assess project activities, outputs, and outcomes against predefined quality criteria to identify and address any deviations from expected quality standards.

Technical Review 36

Technical Review Monitoring Software Review Defining 36

Project Pulse Journal

MARCH 7, 2024

The Significance of Organizational Governance Systems Organizational governance systems serve as the bedrock of project management, furnishing effective direction, control, and oversight of pursuits, including projects. Examples include budget overruns, scope creep, resource shortages, or technical failures.

Governance 52

Governance Government Technical Review Sustainability 52

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. Overall Change Control. X-Bar Control Charts. Optimistic Duration.

Underperforming Technical Team 111

Underperforming Technical Team Estimate Risk Management Defining 111

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. Management of this reduction work and measurement of the progress is a Close Loop Control System paradigm. The Cone of Uncertainty as a Technical Performance Measure.

Technical Review 35

Technical Review Performance Measurement Underperforming Technical Team Estimate 35

Techno-PM

JULY 5, 2023

It also helps keep the project on budget and reduces the risk of project failure. Implement quality assurance and control measures: Regularly assess project activities, outputs, and outcomes against predefined quality criteria to identify and address any deviations from expected quality standards.

Technical Review 28

Technical Review Monitoring Software Review Defining 28

ProProfs Project Management

JUNE 11, 2019

PV or Planned Value – the budget of a project. There is much more to determining the success of a project than calculating whether it is going ahead of schedule or whether it will be wrapped under the sanctioned budget. Planning, Budgeting, and Scheduling. AC or Actual Cost – the cost incurred in doing the project. Actual Costs.

Software Review 61

Software Review Software Budget Influencer 61

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

MPUG

MAY 21, 2021

Please find below a transcription of the audio portion of Fletcher Hearn’s session, Project Performance Measurement – Part 3: Using MS Project to Track and Report on Performance, being provided by MPUG for the convenience of our members. This one’s titled using MS Project to track and report on performance.

Performance Measurement 52

Performance Measurement Technical Review Software Review Budget 52

Herding Cats

OCTOBER 16, 2018

Modeling is at the heart of Program Planning and Controls. PP&C lives in the domain of Project Management and Controls, which is a Technical Management Processes of ISO 15288. The will happen of course is dependent on externalities, some under our control some not. Those under our control need to be part of the model.

Aerospace 41

Aerospace Engineering 2012 2014 41

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

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 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

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

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. Technical Performance Measures.

Software Engineering 28

Software Engineering Performance Measurement Finance Manufacturing 28