The IIL Blog

OCTOBER 17, 2023

Whether you’re tailoring your resume with project management skills , preparing for an interview, seeking to earn a certification , or simply seeking clarity in meetings, this list of top project management buzzwords should prove to be an invaluable tool. 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

Rebel’s Guide to PM

FEBRUARY 1, 2022

I believe you won’t need to read all of the books on the agile exam reading list, so pick one or two that suit your budget and your learning style. It talks about working with customers and customer proxies, defining acceptance tests and then goes on to discuss ways of agile estimating and planning how to use those stories in an iteration.

PMI 195

PMI Certification Estimate Software Review 195

ProjectManager.com

DECEMBER 24, 2019

Estimate & Review the Time it Takes to Complete Each Task. In order to properly calculate your schedule, you’ll need to factor in all dependencies and estimate the time it will take to complete each task, as well as the project as a whole. Assuming the team members will only cost a certain portion of the budget.

Software Review 280

Software Review Risk Management Risk Performance Measurement 280

ProjectManager.com

SEPTEMBER 4, 2019

The Project Management Book of Knowledge (PMBOK) states that a PMIS is “an information system consisting of the tools and techniques used to gather, integrate, and disseminate the outputs of project management processes. It’s the tool that gives you instant access to the signal in the noise. Therefore, a PMIS is so important.

Software Review 213

Software Review Project Life Cycle Closing Budget 213

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. People, Processes, and Tools all interacting in complex and complicated ways. .

Estimate 34

Estimate Logistics Performance Measurement Governance 34

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. Beyond just time, buffers can cover finances, manpower, and more.

2016 52

2016 Monitoring Risk Management Healthcare 52

ProProfs Project Management

JANUARY 21, 2020

The amount of money allocated to a specific project is referred to as the project budget. It refers to any prediction or estimation made on a project’s status, including how it will unfold in the future. The shortest time estimated to complete a specific project task or activity is known as optimistic duration. Remote Team.

Underperforming Technical Team 111

Underperforming Technical Team Estimate Risk Management Defining 111

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.

Estimate 93

Estimate Budget Infrastructure Performance Measurement 93

MPUG

JULY 10, 2023

You can get this number from your finance analyst, budget spreadsheet, or report. Budget at Completion (BAC) Budget at completion (BAC) is exactly what it sounds like: the budget forecast. If not, use the number that was given to you at the start of the project which is your budget allocation for the whole project.

Budget 40

Budget Controlling Performance Measurement Finance 40

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

Wrike

AUGUST 30, 2021

Every project manager has the same challenge of finding the right tools and techniques to deal with all of this knowledge. In the initiation phase of the project, a PMIS can be helpful in: Establishing a preliminary project budget including cost and resource estimates. Project initiation phase. Keeps the project on track.

Software Review 36

Software Review Estimate Budget Monitoring 36

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

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. Beyond just time, buffers can cover finances, manpower, and more.

2016 52

2016 Monitoring Risk Management Healthcare 52

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 . Automated Scheduling Tool. Budget at Completion (BAC) .

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 . Automated Scheduling Tool. Budget at Completion (BAC) .

Software Review 40

Software Review Project Life Cycle Estimate Technical Review 40

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

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

JANUARY 23, 2018

Each has its own set of tools, questions, and viewpoints. 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. Integrating any two frameworks is challenging.

Technical Review 44

Technical Review Performance Measurement Engineering Estimate 44

Project Pulse Journal

MARCH 7, 2024

Envision yourself as knowledgeable and with the necessary tools and insights to drive projects successfully and efficiently ; you will gain a profound understanding of the multifaceted nature of the value delivery system and master critical project management principles.

Governance 52

Governance Government Technical Review Sustainability 52

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. There are lots of SysML Tools. Applying them may have been the problem.

Software Review 41

Software Review Technical Review Engineering 2018 41

Wrike

NOVEMBER 7, 2018

Project Management Software & Tools. Organizations that use a methodology: 38% meet budget. VS. Organizations that don’t use a methodology: 31% meet budget. More than 90% of organizations perform some type of project postmortem or closeout retrospective. [9]. 18% — Delivered within budget. Project Failure.

2015 60

2015 Technical Review Underperforming Technical Team Software Review 60

Wrike

JULY 1, 2020

In fact, HR professionals are increasingly adopting project management tools to improve their processes and workflows. . Using formal project management processes, procedures, and tools can help lower risk and increase success on all of these long-term HR activities. Team performance assessments tools such as surveys and ability tests.

Underperforming Technical Team 36

Underperforming Technical Team Software Review Performance Measurement Executing 36

Herding Cats

MARCH 4, 2017

The uncertainty is always there, it doesn't go away with specific actions in specific domains, or with the use of any tools, processes, or practices. This includes the Measures of Effectiveness (MoE), Measures of Performance (MoP), Key Performance Parameters (KPP), and Technical Performance Measures (TPM) of the deliverables.

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). The Cone is NOT the result of the project's past performance. There can be cost and schedule performance measures as well.

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. The Cone is NOT the result of the project's past performance.

Technical Review 28

Technical Review Estimate 2005 Software Review 28

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). The Cone is NOT the result of the project's past performance. There can be cost and schedule performance measures as well.

Technical Review 28

Technical Review 2005 Estimate Software Review 28

Herding Cats

OCTOBER 16, 2018

For scenarios where the project under consideration does not yet exist, performance prediction using analytical modeling or simulation is necessary. These performance measures, along with other factors impacting project performance can all be modeled [2]. This is the basis of Earned Value Management.

Aerospace 41

Aerospace Engineering 2012 2014 41

Herding Cats

APRIL 4, 2019

All making things smaller dos is show that you're late, over budget, and what you're building (Technical Performance Measures) doesn't work faster. But when some statement is made about risk, estimating, performance modeling, or the like - always ask for references. This is good, but it doesn't reduce risk.

Risk Management 43

Risk Management Risk 2003 2011 43

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. While most project scheduling tools are great for organizing work – they fall short of allocating human resources in a way that prevents overwork.

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 level of engagement, the tools, as well as different methods and artifacts. The planning performance domain, right?

PMI 59

PMI Software Review Estimate Risk Management 59