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. No matter the domain, the engineering development process, these concepts are applicable.

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. In this domain, we are guided by credible results using principles, processes, and procedures to increase the probability of program success. Who's Budget is it Anyway?

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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. What is the project process?

2020 52

Compendium of Works to Increase Probability of Project Success

Herding Cats

Management Processes (#MP). Project Performance Management (#PPM). Technical Performance Measures (#TPM). Cost, Schedule, and Technical Performance Management (#CSTPM). Those units always start with Measures of Effectiveness and Measures of Performance.

2003 45

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. This approach is guided by the processes for Root Cause Analysis on Software Intensive System of Systems project I've worked. Were there: Measures of Effectiveness.

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?

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

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.

Biases in Project Management and How to Remove Them

Herding Cats

Cognitive bias - a mistake in reasoning, evaluating, remembering, or other cognitive processes, often occurring as a result of holding onto one's preferences and beliefs regardless of contrary information. Because of that, we don't separate the thinking processes into a dual-system.

4 Fallacious Reasons to Estimate and Why Those Are Fallacious

Herding Cats

This is a recurring theme of #NoEstimates it's a waste to me the developer, I'd rather be coding , I'm not good at estimating , I see no value in my making estimating when you're just going to use them against me when I'm late and over budget.

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

Herding Cats

It is applied through the application of systems engineering processes within a managed lifecycle working with a number of other management, engineering, and specialist disciplines. Progress and Value are measured with the same in Earned Value Management. The Measures of effectiveness.

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. Risk Management Process Model.

Risk 48

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. The units of measures of Cost and Time are straightforward. Value to the business can be defined using these measures.

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.

2017 42

Five Immutable Principles of Project Success

Herding Cats

No matter the engineering processes used to produce the outcomes from the project. Without these measures, Done will usually mean . Without these measures, Done will usually mean we ran out of time and money. . Physical Percent Complete is the only measure of progress to plan.

Biases in Project Management and How to Remove Them

Herding Cats

Cognitive bias - a mistake in reasoning, evaluating, remembering, or other cognitive processes, often occurring as a result of holding onto one's preferences and beliefs regardless of contrary information. Because of that, we don't separate the thinking processes into a dual-system. And of course, those are biased, filtered are fed back into System One at a later date, creating more bias to the decision-making process in the future.

6 Tools and Techniques for Controlling Risks

Project Risk Coach

In these risk review sessions, the team discussed the effectiveness of the risk responses and the risk management processes. Evaluating the risk management processes. The team also examines the processes to identify, evaluate, respond to, and control risks.

6 Tools and Techniques for Controlling Risks

Project Risk Coach

In these risk review sessions, the team discussed the effectiveness of the risk responses and the risk management processes. PMBOK 6th Edition The PMBOK 6th Edition changed the process name of "Control Risks" to "Monitor Risks." Changes in project risks are inevitable.

A Complete Guide to PMIS

ProjectManager.com

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. Nor can it create and revise plans, schedules or budgets as quickly.

2019 337

6 Tips for Better Schedule Management

ProjectManager.com

You can even interview other team members and stakeholders by using these questions as a basis for your interview process. Keeping an open line of communication on many ends will not only lessen risk but will ensure a seamless project process.

2019 312

Cancelling Projects: The Project Isn't Being Done Right

Project Health Check

A classic way to consider project performance is via the triple constraint of scope/cost/time, often with quality thrown in the mix. In part 1 of this article series, we accepted that Projects sometimes need to be cancelled.

2017 233

Five Immutable Principles of Project Success

Herding Cats

First, we must recognize that without a clear and concise description of done, the only measures of progress are the passage of time, consumption of resources, and production of technical features. How are you going to measure progress toward “done” in units.

2018 127

Human Resources needs to be part of your company’s agile transformation!

Kiron Bondale

Companies are often organized into departments of distinct, specialized skills and performance measurement programs emphasize the individual instead of teams.

2016 207

Project Management Glossary: 200+ Terms PMs Frequently Use

Epicflow Blog

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. It contains all the details about the tasks a project team has to perform. . Budgeting .

Project Management Glossary: 200+ Terms PMs Frequently Use

Epicflow Blog

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. It contains all the details about the tasks a project team has to perform. . Budgeting .

Different Project Management Terms Beginners Should Know

ProProfs Project Management

You winged the entire project execution process, and now the theory of it all is taking a toll on you. . 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.

2020 75

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.

2019 100

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. Transparency remains crucial to controlling crises and managing constrained budgets. Now, the intensity of work during IT projects, product development and certain kinds of services contracts require leaner budgets and focused skills in any given sprint.

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. Transparency remains crucial to controlling crises and managing constrained budgets. Now, the intensity of work during IT projects, product development and certain kinds of services contracts require leaner budgets and focused skills in any given sprint.

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

ProProfs Project Management

Measuring the performance of a project against the project baseline has plenty of benefits. Earned value management in project management can be defined as: A systematic project management process that helps managers to measure project performance. Budget.

2019 70

What is an Estimate? What is Estimating?

Herding Cats

Embedded systems, data processing, image processes, web interfaces, backend databases, networking of collections of devices on the ground and in the air, training systems, logistics systems, maintenance and testing systems. The PMB is a time phased, budgeted description of the project.

Misquotes of Deming

Herding Cats

It is wrong to suppose that if you can’t measure it, you can’t manage it – a costly myth. Technical Performance Measures. Who's Budget is it Anyway? It's common to misquote famous quotes. The #NoEstimates advocates love to use a Deming quote.

2016 52

Applying Project Management Concepts in Real-life Projects

iZenBridge

Some fundamentals of this project – While nuclear industry is complex with its own set of processes and regulations, decommissioning projects added to its complexity. The domain also determines the rigor of quality measurements required.

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

2017 43

Risk Management is How Adults Manage Projects

Herding Cats

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.

2003 49

Managing in Presence of Uncertainty

Herding Cats

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. Do we have measures of Effectiveness, Performance, all the .ilities. We need a formal risk management process.

Invoking "Laws" Without a Domain or Context

Herding Cats

2nd Law of Thermodynamics states that the total entropy of an isolated system always increases over time, or remains constant in ideal cases where the system is in a steady state or undergoing a reversible process. The increase in entropy accounts for the irreversibility of natural processes, and the asymmetry between future and past. And just to be clear the statistics of the processes in Little's Law are IID - Independent, Identicially Distribution and Stationary.

2016 36

Modeling the Future is the Basis of Project Success

Herding Cats

PP&C lives in the domain of Project Management and Controls, which is a Technical Management Processes of ISO 15288. In ISO 15288 this is the role of the Risk Management Processes. Past performance data or the Model of the needed Future performance of the project? .

Fallacy of the Week

Herding Cats

Technical outcomes and their performance - what did we get for our money? 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.