Phrases Used for Technical Performance Measures

Herding Cats

All project progress is measured independent of resources expended - Mr. Gary Bliss, Director Performance Assessment and Root Cause Analysis (PARCA), US Department of Defense. Budget control is mandatory for any credible management of other peoples money. For the planned cost?

Project Management, Performance Measures, and Statistical Decision Making

Herding Cats

There is a current rash of suggestions on how to improve the performance of software projects. Figure 1 - Planned Estimates versus Actual Performance from [1]. What processes are in place to execute according to plan? Who's Budget is it Anyway?

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Compendium of Works to Increase Probability of Project Success

Herding Cats

Project Performance Management (#PPM). Planning and Scheduling (#PS). Technical Performance Measures (#TPM). Integrated Master Plan and Master Schedule (#IMPIMS). Cost, Schedule, and Technical Performance Management (#CSTPM). Project Performance Management.

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Deconstructing the Hertz and Accenture Debacle

Herding Cats

Of course, No Root Cause analysis has been performed by these advocates, but it makes good click bait for their followers. Hertz spent months planning the project. What did these plans look like? Were there: Measures of Effectiveness. Measures of Performance.

Project Versus Product in Agile Development

Herding Cats

If the development work has no deadline , no not to exceed budget, no Minimal Viable Capabilities in the sense of MVP's meaning without these CapaCapabilitieslemented by there Features we cannot Go Live on the needed date for the needed budget, then the phrases in the quote may be applicable.

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How to Talk About Estimates

Herding Cats

We can't talk about estimates or estimate, without also talking about the precision and accuracy of the estimate (the noun) after we have performed the estimate (the verb). . What is an estimate?

Value First, Requires Margin and Contingency

Herding Cats

There's a webinar coming this week with the title Value First: How our Customers Deliver every Project On-Time, Under-Budget, and High-Quality. NoEstimates Agile Decision Making Estimating Governance Planning Principles Scheduling Technical Performance Measures

4 Fallacious Reasons to Estimate and Why Those Are Fallacious

Herding Cats

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. I need an estimate because… I need to measure productivity.

Performance-Based Project Management®

Herding Cats

Performance–Based Project Management ® integrates five critical program management process areas with – Cost, Schedule, and Technical Performance Measures. Done” is always defined in units of measure meaningful to the decision maker. Who's Budget is it Anyway?

Connecting "What" with "How" - and the Failure to Understand the Principles of Systems Engineering and Systems Management

Herding Cats

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.

Risk Management in Five Easy Pieces, with Apologies to Jack

Herding Cats

Managing Cost, Schedule, & Technical Performance Risk Is The Basis Of Good Project Management. Certain information about key project cost, performance, and schedule attributes are often unknown until the project is underway. When these occur, a new plan is needed.

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Misinterpretations of the Cone of Uncertainty

Herding Cats

The Cone of Uncertainty as a Technical Performance Measure. Active reduction requires we have a desired reduction goal, perform the work, and measure progress toward the rduction goal. Closed Loop Control, has a goal, an action, a measurement, and a corrective action.

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Five Immutable Principles of Project Success

Herding Cats

Without these measures, Done will usually mean . Without these measures, Done will usually mean we ran out of time and money. . Plans are strategies for success. For the project to be successful, we need a Plan. No matter the size of the project.

Fallacy of the Day

Herding Cats

Project Controls are Management Actions, either preplanned to achieve the desired result, or taken as a corrective measure prompted by the monitoring process. In the Project Controls paradigm, Value is a measurable attribute of the project controls process - a Closed Loop Control measure.

Biases in Project Management and How to Remove Them

Herding Cats

What dos Done look like in units of measure meaningful to the decision makers? What is the Plan to reach done at the needed time for the needed budget, with the needed outcomes? What are the measures of physical percent complete needed to inform the decision makers of progress to plan in order to take corrective or preventive actions to stay on plan?

6 Tools and Techniques for Controlling Risks

Project Risk Coach

Technical performance measurement. You’ve planned to deliver functions at a point in time—at the end of the fourth sprint, at the end of phase 1, or a milestone. The technical performance measurement is a measurement of the technical accomplishments.

6 Tools and Techniques for Controlling Risks

Project Risk Coach

Monitor Risks is the process of monitoring the implementation of agreed-upon risk response plans, tracking identified risks, identifying and analyzing new risks, and evaluating risk process effectiveness throughout the project." Changes in project risks are inevitable.

A Complete Guide to PMIS

ProjectManager.com

What these programs do is help project managers to plan, execute and close their project. Some will also have automated gathering and reporting on key performance indicators (KPIs). Schedule and Planning: Computes early and late schedule, slack times and the critical path.

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6 Tips for Better Schedule Management

ProjectManager.com

Arguably one of the single most important aspects to any well-planned project, your schedule dictates which tasks need to be done when, and which resources will be allocated to complete those deliverables. But as they say, even the best-laid plans of mice and men often go awry.

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What's Missing from the Agile Software Development Paradigm

Herding Cats

The customer is accountable for knowing what Done Looks Like (in Unity of measure meaningful to their domain). The results include system-level qualities, properties, characteristics, functions, behavior, and performance. System performance requirements are testable and measurable.

Five Immutable Principles of Project Success

Herding Cats

We’ve all heard that large numbers of projects fail because of poor planning or poor project management. These measures of progress fail to describe what business capabilities our project needs to produce or what mission we are trying to accomplish. Follow the plan.

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Cone of Uncertainty - Part Cinq

Herding Cats

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). Inadequate assessment of risks and unmitigated exposure to these risks with proper handling plans.

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Cone of Uncertainty - Part Cinq (Updated)

Herding Cats

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). Inadequate assessment of risks and unmitigated exposure to these risks with proper handling plans.

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The Problems with Schedules

Herding Cats

Unrealistic performance expectations missing Measures of Effectiveness and Measures of Performance. Inadequate accessment of risk and unmitigated exposure to these risks with proper handling plans. When thing go wrong, where's Plan B? Maybe even Plan C.

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Cone of Uncertainty - Part Deux

Herding Cats

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). There can be cost and schedule performance measures as well.

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Project Management Process & Phases

ProProfs Project Management

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. Planning. Planning.

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Cone of Uncertainty - Part Trois

Herding Cats

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). Inadequate assessment of risks and unmitigated exposure to these risks with proper handling plans.

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11 Critical Project Management Metrics Every Agency Needs to Track

Workamajig

Peter Drucker may have said it half a century ago, but the old adage still rings true: “If you can measure it, you can improve it.”. 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.

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Project Management Glossary: 200+ Terms PMs Frequently Use

Epicflow Blog

is the description of all activities planned for completing a project. It contains all the details about the tasks a project team has to perform. . is a process of appointing or providing a team member with a responsibility to perform a task. Budget at Completion (BAC) .

Project Management Glossary: 200+ Terms PMs Frequently Use

Epicflow Blog

is the description of all activities planned for completing a project. It contains all the details about the tasks a project team has to perform. . is a process of appointing or providing a team member with a responsibility to perform a task. Budget at Completion (BAC) .

Different Project Management Terms Beginners Should Know

ProProfs Project Management

An assumption in project management refers to assuming about possible factors or situations that may occur in the project planning process that it may actually happen. Budget. The amount of money allocated to a specific project is referred to as the project budget.

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Physical Percent Complete: Knowing When You Are Done

Herding Cats

The goal of every program manager is to have a set of practices that connect all the programmatic planning, risk, and performance information in a single unified view needed to support the decisions that increase the probability of success of any project or program.

Agile, Waterfall and Hybrid: Managing the Multiple-Methodology Portfolio

Keyedin

Siloed project information scattered across numerous systems and geographies blocks decision-makers from insights into cost and schedule problems and cripples performance-measurement processes. Agile projects are structured for iterative planning, forecasting and reporting, and can look very different and come at a much quicker cadence than traditional project management (PM). Transparency remains crucial to controlling crises and managing constrained budgets.

What is Earned Value Management & How its Theories Affect PM Software

ProProfs Project Management

From NASA to your local advertising agency, every firm has project management departments that function for the sole purpose of planning, preparing, analyzing, and scheduling costs and outcomes of a project. From planned costs to managing schedule, you can do it all using EVM calculations.

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Agile, Waterfall and Hybrid: Managing the Multiple-Methodology Portfolio

Keyedin

Siloed project information scattered across numerous systems and geographies blocks decision-makers from insights into cost and schedule problems and cripples performance-measurement processes. Agile projects are structured for iterative planning, forecasting and reporting, and can look very different and come at a much quicker cadence than traditional project management (PM). Transparency remains crucial to controlling crises and managing constrained budgets.

Applying Project Management Concepts in Real-life Projects

iZenBridge

Based on this data, the plan has to be revisited as time and again. For such projects one need to adopt progressive planning. Upfront planning will not be useful for such projects. While you may still need to do initial planning, you will not spend bulk of the time at this phase.

Doing More with Less: PMO Metrics to Keep You from Drowning

Keyedin

so that’s about right) but it pretty well summarized the plight of PMOs who don’t bother to measure what’s working especially when it comes to resource management and so convince others that what’s happening is great (come on in, the water’s fine). who believes they will be saved by the way things have always been done or by not bothering to measure what’s really working. Teams must align to business benefit, not annual plan.

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What is an Estimate? What is Estimating?

Herding Cats

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 Agile the Product Roadmap and Release Plan are the basis of the PMB.

Managing in Presence of Uncertainty

Herding Cats

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.

Software Intensive System of Systems

Herding Cats

This means a Capabilities Based Plan for what business and operational capabilities are needed in what order to fulfill the Mission and Vision of the enterprise funding the program. The system of systems performs functions and carries out purposes that do not reside in any component system.

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