ProjectManager.com

JANUARY 23, 2024

When you’re a PMP, program manager or portfolio manager, you need to deliver all those multiple projects on time and within budget. On the other hand, if an organization has underdeveloped management, the more likely that its projects will have trouble meeting deadlines and staying on budget.

Underperforming Technical Team 347

Underperforming Technical Team Risk Management Software Review Budget 347

ProjectManager.com

JULY 12, 2023

Budget management: OPC can be used for budget tracking, creating cost breakdown structures (CBS) and managing cash flows. Portfolio management: OPC offers a portfolio view of all projects and programs to help users manage multiple projects’ pipelines, estimated budgets and capital spend requirements.

Manufacturing 273

Manufacturing Construction Risk Management Lean 273

The Lazy Project Manager

FEBRUARY 18, 2020

Project Business is an industry just like Retail and Manufacturing because projects are their primary business function. The same goes for a Manufacturing Business. It doesn’t matter what products you make, if you manufacture it, you are a Manufacturing Business. It doesn’t matter what goods you sell.

Retail 344

Retail Manufacturing 2002 Construction 344

Rebel’s Guide to PM

AUGUST 29, 2021

Project Budget Risks. Project stakeholders are particularly sensitive to cost and potential overruns, especially is the project’s results impact their budget. Reduced budget. Sometimes a project budget needs to be reduced to help the company at large. Poor estimating. Sometimes the estimates are just rubbish.

Risk 320

Risk Technical Review Risk Management Estimate 320

Rebel’s Guide to PM

JANUARY 18, 2023

If your project budget is as stretched as your time, your sponsor is going to have to make a difficult call: is there money available to pay for the extra help? Both require you to have decent task estimates of how long the work will take so you can calculate the time saving expected. And you have to pay for those people.

Software Review 346

Software Review Construction Risk Management Risk 346

Herding Cats

NOVEMBER 22, 2017

Paul Boos has a post about estimating and makes a case for the Principles of when NOT to estimate. This struck a cord around a bigger topic - the inversion of estimating. When should we NOT estimate? Then on to the original conjecture for No Estimates from Paul's post. That is, to make decision with “No estimates”.

Estimate 34

Estimate Governance Government Risk Management 34

Herding Cats

NOVEMBER 27, 2016

An Estimate is a value inferred for a population of values based on data collected from a sample of data from that population. The estimate can also be produced parametrically or through a simulation (Monte Carlo is common, but Method of Moments is another we use). . Estimates can be about the past, present, or future.

Estimate 36

Estimate 2015 2017 Governance 36

ProjectManager.com

MAY 12, 2022

These costs are what is called manufacturing overhead. Let’s define manufacturing overhead, look at the manufacturing overhead formula and how to calculate manufacturing overhead. What is Manufacturing Overhead? This is why manufacturing overhead is also called an indirect cost. Learn more.

Manufacturing 206

Manufacturing Budget Monitoring Governance 206

Herding Cats

MARCH 20, 2018

Estimating Software-Intensive Systems: Project, Products, and Processes , Richard D. Stutzke is a starting point for estimating software projects. I recommend it for anyone starting out in the estimating business all the way to seasoned veterans. Project decisions in the presence of uncertainty cannot be made without estimates.

Estimate 31

Estimate Manufacturing Risk Management Budget 31

TrustRadius Project Management

OCTOBER 27, 2022

A good chunk of the ERP market is dominated by buyers from manufacturing companies. You can also take a look at Enlyft’s list of ERPs and their estimated market shares here. Budgeting for them is like throwing money around in the dark, and the decision-making process doesn’t end there. What is Your Budget?

Software Review 62

Software Review Software Technical Review Artificial Inteligence 62

TrustRadius Project Management

OCTOBER 27, 2022

A good chunk of the ERP market is dominated by buyers from manufacturing companies. . You can also take a look at Enlyft’s list of ERPs and their estimated market shares here. . Budgeting for them is like throwing money around in the dark, and the decision-making process doesn’t end there. What is Your Budget?

Software Review 62

Software Review Software Technical Review Artificial Inteligence 62

Herding Cats

AUGUST 27, 2017

There's a recent post titled Four Fallacious Reasons to Estimate. It lists the usual suspects for why those spending the money think they don't have to estimate how much they plan to spend when they'll be done producing the value they've been assigned to produce for that expenditure. Let's look at each one in more detail.

Estimate 46

Estimate Software Review Underperforming Technical Team Technical Review 46

ProjectManager.com

DECEMBER 6, 2023

The project that develops, manufactures and delivers that new product is strategic, even though it has its own unique goals. Examples of Strategic Projects Let’s imagine a highly successful manufacturing business that has two key strategic objectives outlined in its strategic plan. But some projects are what is called operational.

Planning 408

Planning PMO Manufacturing Logistics 408

Techno-PM

SEPTEMBER 26, 2022

While prevention tactics depend solely on accidental occurrences of risk factors, preparedness and recovery depend on building contingency plans, robust budget estimation , and management skills. Better Governance It is natural to outsource certain aspects of your supply chain to third parties.

Risk Management 36

Risk Management Artificial Inteligence Risk Software Review 36

ProjectManager.com

JANUARY 10, 2024

ProjectManager is award-winning project management software that estimates project costs and creates budgets to show the viability of the request. Our Gantt charts allow you to organize tasks and their associated resources and costs to build a budget. ProjectManager’s Gantt charts help you estimate costs and create budgets.

Process 362

Process PMO Software Review Estimate 362

Herding Cats

FEBRUARY 3, 2018

Project baseline, budget estimates accuracy, schedule and project phasing, effective project performance (reviews) and measurement - 8.96%. Full understanding, and early engagement, of host government environment and institutional requirements 0.78%. Architecture -Center ERP Systems in the Manufacturing Domain.

Logistics 47

Logistics Technical Review Manufacturing Sustainability 47

ProjectManager.com

AUGUST 29, 2023

Baseline A baseline is an estimate of the project’s scope, schedule and costs that is created during the planning stage. Cost overrun This is the actual cost that exceeds the estimated cost in the budget, also known as a cost increase or budget overrun.

Software Review 393

Software Review Underperforming Technical Team Lean Event Chain 393

MPUG

JULY 7, 2019

Directives can be imposed by management (for example, to improve the image of a company), by government (like the Dodd-Frank Act to meet financial compliance regulations), and/or by external stimulus. This scorecard has evolved over time, and the Gartner Group estimates that over half of large U.S. Organizations use this approach.

Technical Review 85

Technical Review Closing Manufacturing Executing 85

Appfluence

MARCH 23, 2021

Operations management acts as the engine room for organizing, planning and promoting manufacturing or service and it is considered that everything about a business depends on it. Accountability : This principle is key when running a manufacturing operation. The Importance Of Operations Management. Organisational Skills.

Underperforming Technical Team 68

Underperforming Technical Team Manufacturing 2017 Engineering 68

Velociteach

SEPTEMBER 18, 2023

in sustainable development and environment, and he has over 25 years of experience in various areas of project management including government, finance, consulting, manufacturing, and education. Each side of the pyramid is 767 ft long, it’s as tall as a 40 story building, and it has an estimated 2.5 Joel Carboni.

Sustainability 98

Sustainability Underperforming Technical Team Construction Certification 98

Herding Cats

JANUARY 29, 2018

The principles of microeconomics of decision making in the presence of uncertainty mandates you make estimates of how to achieve that Value in terms of cost and schedule, those three (and all) variables are random variables, usually driven by a stochastic process. Architecture -Center ERP Systems in the Manufacturing Domain.

Manufacturing 40

Manufacturing Estimate Risk Management Budget 40

Herding Cats

JULY 29, 2017

Or plan on being late, over budget, and reduced probability of technical success, before you start. Architecture -Center ERP Systems in the Manufacturing Domain. Why Guessing is not Estimating and Estimating is not Guessing. Estimating Processes in Support of Economic Analysis. All Value is Cost and Time dependent.

Cadence 28

Cadence Software Engineering Estimate Manufacturing 28

Herding Cats

APRIL 14, 2018

Software engineering economics is a topic that addresses the elements of software project costs estimation and analysis and project benefit-cost ratio analysis. Showing up late and over budget does not produce the needed Value. This is the foundation for estimates. These estimates are critical to both developers and customers.

Process 45

Process Estimate Software Developers Software Development 45

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

JUNE 4, 2016

This is used in support of the fallacy that estimates aren't needed to make decisions in the presence of uncertanty. Who's Budget is it Anyway? Architecture -Center ERP Systems in the Manufacturing Domain. Why Guessing is not Estimating and Estimating is not Guessing. Related articles. IT Risk Management.

Software Engineering 28

Software Engineering Performance Measurement Finance Manufacturing 28

Herding Cats

NOVEMBER 5, 2017

When the project shows up late, over budget, and doesn't deliver the needed business capabilities, it's likely to have a de minimis impact on the business. Architecture -Center ERP Systems in the Manufacturing Domain. Why Guessing is not Estimating and Estimating is not Guessing. Related articles. IT Risk Management.

Estimate 37

Estimate Manufacturing Risk Management Budget 37

Herding Cats

AUGUST 17, 2016

Internal Processes - what governance processes will be used to produce these outcomes? Budget - what are you willing to spend to achieve these beneficial outcomes. As always, this means making estimates of both the beneficial outcomes and the cost to achieve them. . Decision Making Without Estimates? Quote of the Day.

Estimate 28

Estimate Manufacturing PMI Governance 28

Herding Cats

DECEMBER 4, 2017

Measures of Performance - are performance measures that characterize physical or functional attributes relating to the system operation, measured or estimated under specific conditions. With a need date, target budget, and expected capability outcome, a Closed Loop control system is the basis of increasing the probability of success.

2005 37

2005 Performance Measurement Closing Controlling 37

Herding Cats

MAY 11, 2017

And of course estimating the effort and duration of SISoS is a critical success factor for any business providing products and services to this domain. Estimating and Making Decisions in Presence of Uncertainty. Architecture -Center ERP Systems in the Manufacturing Domain. Software-intensive systems include: . Related articles.

Software Developers 39

Software Developers Software Development Engineering Software 39

Herding Cats

AUGUST 29, 2017

How we can't possibly estimate the work since all the work is emergent. Office of Management and Budget, December 5, 1994, Operational Concept Description (OCD) , Data Item Description DI-IPSC-81430. Architecture -Center ERP Systems in the Manufacturing Domain. Why Guessing is not Estimating and Estimating is not Guessing.

Estimate 34

Estimate Engineering Manufacturing Information Technology 34

Herding Cats

SEPTEMBER 7, 2016

Making decisions in the presence of this emerging uncertainty requires making estimates of the impacts or outcomes of any decision. Your Project Needs a Budget and Other Things. How to Avoid the "Yesterday's Weather" Estimating Problem. Architecture -Center ERP Systems in the Manufacturing Domain. Hope is not a Strategy.

Closing 28

Closing Controlling SCRUM Estimate 28

MPUG

MAY 6, 2021

We are a consulting company in the DC Baltimore area that specializes in project and portfolio management for about 80% of our customers in the government space, the other 20 in the commercial space. So, that’s done a lot more in the commercial space than it ever is in most government spaces. By education and training.

Performance Measurement 52

Performance Measurement Underperforming Technical Team Software Review Governance 52

Herding Cats

AUGUST 25, 2017

For any non-trivial project, we have a planned release date for the needed Capabilities, for a needed budget. Architecture -Center ERP Systems in the Manufacturing Domain. Why Guessing is not Estimating and Estimating is not Guessing. The ConOps is the place to start identifying those needed Capabilities. .

2014 38

2014 2013 2012 Engineering 38

Leading Agile

FEBRUARY 5, 2024

You still have ROI, you still have budget and actuals. So what we’re going to explore when you came and joined us, a big part of your background was in the area of financial analysis and controls, maybe call it modernizing your project, budgeting, your financial modeling, that kind of stuff. So it’s very similar.

Finance 75

Finance Governance Government 2025 75

LiquidPlanner

NOVEMBER 3, 2022

Project leaders need to be able to find actionable insights in the daily management of projects to ensure they are staying on track and within budget. There are two primary components to managing a project’s time: time tracking and estimation. Tracking time is critical to keeping projects on track and within budget.

Software Review 88

Software Review Estimate Engineering Risk Management 88

Scrum.org

JUNE 23, 2022

Even while the concept is deeply flawed, it’s important you understand that people use the model in an attempt to solve real business challenges — specifically financial governance and resource planning. See here, the document was delivered on time and on budget.”. A Little History. Design, Architects, Dev, QA, Infrastructure, etc.)

Software Review 176

Software Review Budget Risk Management Infrastructure 176

Epicflow Blog

JANUARY 12, 2021

His(her) key responsibilities are to engage stakeholders and communicate with them, plan the project, prioritize tasks, and keep track of the project flow to make sure it’s within time and budget frames. Project Planner is in charge of making project schedules and keeping track of it to make sure it stays within budget and timeline. .

PMO 82

PMO 2007 Controlling Construction 82