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

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

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. The tools you’re using to measure the metric must have a low error rate. Measuring Planned Value is easy.

Estimate 93

Estimate Budget Infrastructure Performance Measurement 93

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

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

DECEMBER 4, 2017

It is up to the business to put this Value to work to meet their business goals. . This insight helps project management make better decisions throughout the life cycle to increase the probability of delivering the technical solution that meets both the specified requirements and the mission needs (business Value).

2005 37

2005 Performance Measurement Closing Controlling 37

Techno-PM

SEPTEMBER 2, 2021

Controlling (ensuring effectiveness): Control is the process of ensuring that a system's output meets the needs and expectations of its stakeholders. The goal is to clearly understand the process and responsibilities involved in delivering projects on time, within budget, with high-quality results. Define your timeline 2.

Executing 36

Executing Monitoring Performance Measurement Controlling 36

Techno-PM

SEPTEMBER 9, 2021

Program Management can be defined as developing and implementing projects by managing the work, people, time, and budget. It is important to note that while project management focuses on individual projects or initiatives, program management deals with groups of related projects managed together to meet objectives over a given period.

Budget 36

Budget Monitoring Performance Measurement Defining 36

Project Pulse Journal

MARCH 7, 2024

For starting professionals transitioning to project management , understanding and implementing the value delivery system is relevant for projects and meeting stakeholders' expected value. Examples include budget overruns, scope creep, resource shortages, or technical failures.

Governance 52

Governance Government Technical Review Sustainability 52

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 19, 2018

Have sufficient Contingent Budget and Management Reserve to cover the cost variances from the naturally occurring cost behaviors, event-based impacts on cost, or cover things that go wrong with the Risk Cost coverage. Have sufficient Technical Performance Measures margin to cover the required performance measure of the Capabilities.

Performance Measurement 31

Performance Measurement Estimate Finance Manufacturing 31

Herding Cats

JUNE 19, 2017

The Cone of Uncertainty as a Technical Performance Measure. Of late, Cone of Uncertainty has become the mantra of No Estimates advocates claiming that data is needed BEFORE the Cone is of any use. The Cone of Uncertainty is the framework for improving the needed performance of the project. Measure of Effectiveness.

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. Abstracted from [3]. Notice the term unrealistic.

2010 28

2010 2007 Estimate Aerospace 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

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

Wrike

JULY 1, 2020

The activities under the Project Human Resource Management process include estimating, planning, and acquiring necessary project resources, as well as managing and developing the project team. . Establishing productivity and performance measures for the team. Tracking hiring costs against budgets and forecasts.

Underperforming Technical Team 36

Underperforming Technical Team Software Review Performance Measurement Executing 36

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

ProjectManager.com

DECEMBER 24, 2019

When managing your project schedule, always review the timeline with your stakeholders and team members at each milestone, so you can make sure that expectations on project completion are realistic and team members are confident in meeting the demand. Estimate & Review the Time it Takes to Complete Each Task.

Software Review 277

Software Review Risk Management Risk Performance Measurement 277

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

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 45

Software Review Project Life Cycle Estimate Technical Review 45

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

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

Epicflow Blog

OCTOBER 16, 2023

” Eli Schragenheim The lesson is: when you ask for a clear one-number estimation, without defining the level of common and expected uncertainty, then you either might face big surprises or face frequent occurrences, where the project/mission finished exactly on time.

2016 52

2016 Monitoring Risk Management Healthcare 52

Wrike

NOVEMBER 7, 2018

Organizations that use a methodology: 38% meet budget. 71% meet scope. 68% meet quality standards. 60% meet expected benefits. [4]. VS. Organizations that don’t use a methodology: 31% meet budget. 61% meet scope. 60% meet quality standards. 51% meet expected benefits. [4].

2015 60

2015 Technical Review Underperforming Technical Team Software Review 60

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

MARCH 30, 2019

A system is the combination of elements that function together to produce the technical and operational capabilities required to meet a need. Systems engineering is the art and science of developing operable systems capable of meeting requirements within opposing constraints. Systems Engineering is a Logical way of Thinking.

Software Developers 39

Software Developers Software Development Agile Software 39

Epicflow Blog

APRIL 25, 2024

” Eli Schragenheim The lesson is: when you ask for a clear one-number estimation, without defining the level of common and expected uncertainty, then you either might face big surprises or face frequent occurrences, where the project/mission finished exactly on time.

2016 52

2016 Monitoring Risk Management Healthcare 52

Resource Guru

JUNE 14, 2022

You’ll need to do some groundwork to figure out which one is best for your specific needs based on factors such as team size, budget, and the complexity of the projects you work on. Just because there’s a spare space on a team member’s calendar doesn’t mean that they’re available for yet another meeting, or extra tasks. Collaboration.

Software Review 52

Software Review 2022 Software Technical Review 52

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. The planning performance domain, right? Jeff: You know, employees consistent risk evaluation. The planning.

PMI 59

PMI Software Review Estimate Risk Management 59