Epicflow Blog

OCTOBER 5, 2022

When your project is in progress, you as a project manager or business leader will definitely want to know how things are going and have an opportunity to check it at any moment. 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.

Performance Measurement 52

Performance Measurement Software Review 2022 Budget 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

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. I would sacrifice my fingers if I try to write on hundreds of project performance indicators

Monitoring 111

Monitoring Budget Closing Performance Measurement 111

Herding Cats

DECEMBER 4, 2017

The units of measure of Value have several different names. Let's look at the measures for the Product or Service independently from its application in the business or fulfillment of the Mission. Here are definitions from "Technical Measurement," INCOSE-TP-2005-020-10. Measures of Performance.

2005 37

2005 Performance Measurement Closing Controlling 37

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 Keep checking in with them and seeing if their definition of success has changed.

Performance Measurement 107

Performance Measurement Budget Closing Agile 107

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. This refers to the various schedules and costs defined at the start of a project. Optimistic Duration.

Underperforming Technical Team 111

Underperforming Technical Team Estimate Risk Management Defining 111

Techno-PM

SEPTEMBER 2, 2021

To measure effectiveness, you need three things: quantitative data about performance measurements, qualitative data about stakeholder satisfaction with outcomes achieved (or dissatisfaction), and information on contextual factors affecting success or failure. What happens during the execution phase? Define your timeline 2.

Executing 36

Executing Monitoring Performance Measurement Controlling 36

Project Pulse Journal

MARCH 7, 2024

Cost Management: Focuses on the estimation, budgeting, and regulation of project costs throughout the project lifecycle, ensuring adherence to budgetary constraints while optimizing value creation for stakeholders. 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. Then there is some analysis.

2007 42

2007 2012 2006 2008 42

Herding Cats

JUNE 19, 2017

The Cone of Uncertainty as a Technical Performance Measure. If the parameter of interest is not being reduced as needed, go find out why and fix it, or you'll be late, over budget, and the technical outcome unacceptable. The Cone of Uncertainty is the framework for improving the needed performance of the project.

Technical Review 35

Technical Review Performance Measurement Underperforming Technical Team Estimate 35

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. Four sample causes are shown below. .

2010 28

2010 2007 Estimate Aerospace 28

Herding Cats

OCTOBER 16, 2018

For approaches that have been implemented on existing systems, obtaining such understanding may require measurement and analysis. For scenarios where the project under consideration does not yet exist, performance prediction using analytical modeling or simulation is necessary. Let's start with a definition.

Aerospace 41

Aerospace Engineering 2012 2014 41

Herding Cats

AUGUST 27, 2017

This is a recurring theme of #NoEstimates it's a waste to me the developer, I'd rather be coding , I'm not good at estimating , I see no value in my making estimating when you're just going to use them against me when I'm late and over budget. Here's some background on the definition of estimates, forecasts, and projections.

Estimate 46

Estimate Software Review Underperforming Technical Team Technical Review 46

Herding Cats

JANUARY 22, 2017

Here's a simple definition of the Cone of Uncertainty: . 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. 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

FEBRUARY 4, 2017

Here's a simple definition of the Cone of Uncertainty: . The Cone of Uncertainty describes the evolution of the measure of uncertainty during a project. The Measures that are modeled in the Cone of Uncertainty are the Quantitative basis of a control process that establishes the goal for the performance measures.

Technical Review 28

Technical Review Estimate 2005 Software Review 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

JANUARY 17, 2017

Here's a simple definition of the Cone of Uncertainty: . 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. 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

APRIL 16, 2019

Project Performance Management (#PPM). Technical Performance Measures (#TPM). Cost, Schedule, and Technical Performance Management (#CSTPM). Project Performance Management. Building a Credible Performance Measurement Baseline - without a good foundation, nothing can be built. Risk Management (#RM).

Technical Review 42

Technical Review Performance Measurement Underperforming Technical Team Governance 42

Epicflow Blog

OCTOBER 8, 2019

On the other hand, it’s quite difficult to retain all the definitions in memory and a good PM dictionary would be a lifesaver. . 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) .

Software Review 45

Software Review Project Life Cycle Estimate Technical Review 45

Epicflow Blog

OCTOBER 8, 2019

On the other hand, it’s quite difficult to retain all the definitions in memory and a good PM dictionary would be a lifesaver. . 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) .

Software Review 40

Software Review Project Life Cycle Estimate Technical Review 40

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

Workamajig

JANUARY 11, 2021

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. Budget Cost: The cost of the project estimated at the start of the project. Note that the budget cost is not the same as the budget.

Underperforming Technical Team 78

Underperforming Technical Team Project Life Cycle Estimate Risk Management 78

Herding Cats

APRIL 30, 2019

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. What are the Measures of Performance for each Deliverable that implements a Capability. Measures of Physical Percent Complete.

Software Review 41

Software Review Technical Review Engineering 2018 41

Herding Cats

MARCH 30, 2019

The emphasis os Systems Management is on organizational skills, processes, and persistence Process definition and control are essential to effective, efficient, and consistent implementation. Without knowing what Done Looks Like, in units of Measures of Effectiveness and Measures of Performance.

Software Developers 39

Software Developers Software Development Agile Software 39

MPUG

JUNE 1, 2022

Within the guide, each performance domain, if you’re reading through it has an introduction with an overview definition of terms that they’re using. Then they talk about interactions with other performance domains. It’ll definitely point the reference to those. Where’s the talk about risk?

PMI 59

PMI Software Review Estimate Risk Management 59