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

ProjectManager.com

SEPTEMBER 4, 2019

That’s what PMIS comes in, which is an acronym for project management information system. A project management information system (PMIS) is how information needed to run a project is organized. What these programs do is help project managers to plan, execute and close their project. What Is PMIS?

Software Review 214

Software Review Project Life Cycle Closing Budget 214

Herding Cats

APRIL 29, 2017

What is an estimate? An estimate as a noun is an approximate calculation or judgment of the value, number, quantity, or extent of something. An estimate as a verb is to roughly calculate or judge the value, number, quantity, or extent of. But those estimates, nouns, and verbs themselves's have other attributes.

Estimate 46

Estimate Risk Management Risk SCRUM 46

Herding Cats

OCTOBER 11, 2016

I work in the Software Intensive System of Systems domains in Aerospace, Defense, Enterprise IT (both commercial and government) applying Agile, Earned Value Management, Productive Statistical Estimating (both parametric and Monte Carlo), Risk Management, and Root Cause Analysis with a variety of capabilities.

Performance Measurement 28

Performance Measurement Aerospace 2006 Estimate 28

ProProfs Project Management

JANUARY 21, 2020

Project managers , who have just begun working on a project, may find it really stressful and time-consuming to manage multiple tasks, especially if they don’t know the basics. . Imagine you get a promotion as a project manager and are now solely responsible for various management tasks. Common Project Management Terms.

Underperforming Technical Team 111

Underperforming Technical Team Estimate Risk Management Defining 111

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. — Project Management Institute. Initiating.

Process 99

Process Project Life Cycle Development Team Review Risk Management 99

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

Project Pulse Journal

MARCH 7, 2024

What is A System for Value Delivery in Project Management Hajime Estanislao, PMP, CSM Are you a project manager looking to improve your project management skills and help your organization grow? Take the next step towards mastering the value delivery system and project management. What is a System for Value Delivery?

Governance 52

Governance Government Technical Review Sustainability 52

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

Herding Cats

OCTOBER 12, 2018

Systems engineering is an interdisciplinary field of engineering and engineering management that focuses on how to design and manage complex systems over their life cycles. Systems engineering has its roots in the fundamentals, principles, and models of foundational systems sciences, and associated management and engineering sciences.

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. Download Project Management Templates ! 6 Steps to Ace the Project Execution Phase Download Project Management Templates ! The four steps in Project Execution are: 1.

Executing 36

Executing Monitoring Performance Measurement Controlling 36

Herding Cats

DECEMBER 4, 2017

Project Controls are Management Actions, either preplanned to achieve the desired result, or taken as a corrective measure prompted by the monitoring process. Project controls are concerned with the metrics of the project – quantities, time, cost, and other resources and their measurable beneficial outcomes for the project.

2005 37

2005 Performance Measurement Closing Controlling 37

Herding Cats

JUNE 19, 2017

The Cone of Uncertainty as a Technical Performance Measure. Uncertainty creates Risk. Risk management requires active reduction of risk. Active reduction requires we have a desired reduction goal, perform the work, and measure progress toward the rduction goal.

Technical Review 35

Technical Review Performance Measurement Underperforming Technical Team Estimate 35

Techno-PM

SEPTEMBER 9, 2021

Program Management (PM) is the process of managing a set of related projects, or programs, to achieve an objective. Program Management can be defined as developing and implementing projects by managing the work, people, time, and budget. Download Project Management Templates ! Program Management: 1.

Budget 36

Budget Monitoring Performance Measurement Defining 36

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. These uncertainties create a risk to all three entities of the project. IT Risk Management.

Performance Measurement 31

Performance Measurement Estimate Finance Manufacturing 31

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). Aleatory and Epistemic uncertainties, which create the risk to the success of the project. So the question is? -

Technical Review 28

Technical Review 2005 Estimate Software Review 28

Herding Cats

JULY 9, 2018

In this domain, we applied traditional program and project management methods for cost and schedule management at the top level. The system can be a business system, a collection of hardware and software for defense or space, a weapons systems, a business management systems. No not to exceed budgets. No Deadlines.

2001 31

2001 Software Estimate Performance Measurement 31

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). Aleatory and Epistemic uncertainties, which create the risk to the success of the project. So the question is? -

Technical Review 28

Technical Review Estimate 2005 Software Review 28

Herding Cats

MARCH 4, 2017

Let's say you're the project or program manager of a large complex system. We cannot escape these two uncertainties - reducible and irreducible - and must learn how to manage in the presence of these uncertainties. Is each of these measures being met for the planned cost at the planned time? .

2010 28

2010 2007 Estimate Aerospace 28

Herding Cats

JANUARY 14, 2017

The Cone is a project management framework describing the uncertainty aspects of estimates or any other project attribute (in this post, cost, schedule, and technical performance parameters). Aleatory and Epistemic uncertainties, which create risk to the success of the project. So the question is? -

Technical Review 28

Technical Review Software Review Underperforming Technical Team Risk Management 28

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 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. In both cases, these create a risk to the success of the project.

Manufacturing 40

Manufacturing Estimate Risk Management Budget 40

Herding Cats

JUNE 4, 2017

The test of the hypothesis for projects are the Measures of Effectiveness, Measures of Performance, Key Performance Parameters, and techTechnicalformance Measures used to assess progress to plan for the project. Estimating how much is the starting point. Estimating is part of risk management.

Estimate 39

Estimate Risk Management Risk Engineering 39

Herding Cats

JULY 9, 2018

In this domain, we applied traditional program and project management methods for cost and schedule management at the top level. The system can be a business system, a collection of hardware and software for defense or space, a weapons systems, a business management systems. No not to exceed budgets. No Deadlines.

2001 28

2001 Software Estimate Performance Measurement 28

Herding Cats

FEBRUARY 9, 2018

Here's an extract from "Chapter 8: Human Behavior and Complexity," Terry Cooke-Davies, in Aspects of Complexity: Managing Projects in a Complex World. This is a cautionary tale for those listening to the #NoEstimates advocates, where anecdotes of bad management are used in an attempt to replace established principles of business management.

Underperforming Technical Team 44

Underperforming Technical Team Estimate 2003 Software Review 44

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). Aleatory and Epistemic uncertainties, which create the risk to the success of the project. So the question is? -

Technical Review 28

Technical Review 2005 Estimate Software Review 28

Herding Cats

AUGUST 12, 2016

Unrealistic performance expectations missing Measures of Effectiveness and Measures of Performance. Unrealistic Cost and Schedule estimates based on inadequate risk adjusted growth models. Inadequate accessment of risk and unmitigated exposure to these risks with proper handling plans.

Technical Review 28

Technical Review Estimate 2003 Aerospace 28

Wrike

JULY 1, 2020

Smarter hiring, workplace culture initiatives, and day-to-day operational excellence are all priorities in the industry, meaning that project management for HR has never been more important. In fact, HR professionals are increasingly adopting project management tools to improve their processes and workflows. .

Underperforming Technical Team 36

Underperforming Technical Team Software Review Performance Measurement Executing 36

Herding Cats

OCTOBER 16, 2018

This ignores the principles of predictive analytics, and the direct management actions taken to produce outcomes from those analytical models found everywhere from project management to grocery store management and the model-based systems engineering. In ISO 15288 this is the role of the Risk Management Processes.

Aerospace 41

Aerospace Engineering 2012 2014 41

Herding Cats

JUNE 4, 2016

It is wrong to suppose that if you can’t measure it, you can’t manage it – a costly myth. This is used in support of the fallacy that estimates aren't needed to make decisions in the presence of uncertanty. Technical Performance Measures. Who's Budget is it Anyway? IT Risk Management.

Software Engineering 28

Software Engineering Performance Measurement Finance Manufacturing 28

Herding Cats

AUGUST 19, 2016

Setting targets and measuring performance against that target is the basis of all closed loop control systems used to manage projects. In our domain this control system is the Risk Adjusted Earned Value Management System (EVMS). Without setting a target to measure against, we have: No baseline control.

Performance Measurement 28

Performance Measurement Estimate Software Developers Software Development 28

Herding Cats

JUNE 9, 2018

There is always lots of complaining about the biases introduced into managing projects and making the estimates needed to make project decisions. Optimism bias - a cognitive bias that causes a person to believe that they are at a lesser risk of experiencing a negative event compared to others. These principles originate in: .

Transportation 39

Transportation Software Engineering Finance 2011 39

ProjectManager.com

DECEMBER 24, 2019

Timetables, deliverables, resources and even risks—everything that is involved with a project is wrapped up inside the schedule. It’s up to an extremely adept project manager to enact better schedule management for their teams. 6 Schedule Management Tips. Never Manage Your Project Schedule in a Silo.

Software Review 283

Software Review Risk Management Risk Performance Measurement 283

Herding Cats

JUNE 9, 2018

There is always lots of complaining about the biases introduced into managing projects and making the estimates needed to make project decisions. Optimism bias - a cognitive bias that causes a person to believe that they are at a lesser risk of experiencing a negative event compared to others. These principles originate in: .

Transportation 28

Transportation Software Engineering Finance 2011 28

Herding Cats

APRIL 16, 2019

Business, Technical, Systems, Risk, and Project Management Briefings and Presentations. Management Processes (#MP). Project Performance Management (#PPM). Agile Project Management (#APM). Risk Management (#RM). Technical Performance Measures (#TPM). Earned Value Management (#EVM).

Technical Review 42

Technical Review Performance Measurement Underperforming Technical Team Governance 42

Herding Cats

APRIL 4, 2019

In a recent exchange in social media, it was clear the notion of risk and the sources of risk, the consequences or risks and managing in the presence of risk was in very unclear, when it was conjectured , we can simply slice the work into small bits and REDUCE risk. . Software Risk Management , Barry W.

Risk Management 43

Risk Management Risk 2003 2011 43

Herding Cats

JULY 17, 2017

I work in a domain where estimates are made every single week. Estimate to Complete (ETC), Estimate at Completion (EAC), Estimated Completion Date (ECD) are the life blood of our software intensive system of systems programs. The PMB is a time phased, budgeted description of the project.

Estimate 34

Estimate Logistics Performance Measurement Governance 34