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. Budget control is mandatory for any credible management of other peoples money. Measuring progress must be in units meaningful to the decision maker. Name – states the Technical Performance Measures.

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. 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? Herding Cats: Probabilistic Cost and Schedule Processes.

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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?

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). The overarching theme is focused on defining what Done looks like, assessing progress toward Done in units of measure meaningful to the decision makers. Those units always start with Measures of Effectiveness and Measures of Performance. Management Processes.

2015 37

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 they based on the established planning processes for complex Software Intensive System of Systems? Were there: Measures of Effectiveness. Measures of Performance. Key Performance Parameters.

Performance-Based Project Management®

Herding Cats

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. 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). . If I'm risking two weeks of work for the Scrum team of 5 people it's a much different need from the risk of a $10B manned spaceflight program being supported to congress for budget authorization. . 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. This process can be stationary (unchanging distribution) or non-stationary (a changing distribution function). There's a popular notion in Agile that says Focus on Value.

2018 36

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.

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. I need an estimate because… I need to measure productivity. Thus, the common approach to "measure productivity" is to compare the estimates against what, in fact, happened.

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. 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. These risks can be mitigated with a good risk management process. A good risk management process is proactive and fundamentally different than issue management or problem-solving, which is reactive. Risk Management Process Model.

2017 37

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. Project controls are concerned with the metrics of the project – quantities, time, cost, and other resources and their measurable beneficial outcomes for the project. In the Project Controls paradigm, Value is a measurable attribute of the project controls process - a Closed Loop Control measure.

2017 34

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. Management of this reduction work and measurement of the progress is a Close Loop Control System paradigm. Closed Loop Control, has a goal, an action, a measurement, and a corrective action. The Cone of Uncertainty as a Technical Performance Measure.

2017 32

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.

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. . 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.

2017 35

9 Types of Artifacts in Project Management

Girl's Guide to PM

For example, an estimate is the obvious output of the estimating process, so estimates aren’t mentioned again as a separate project artifact. This category relates to the various project management logs and registers we have as part of the daily management of the process.

2021 396

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. As with many control processes, we now look for variances between the schedule and cost baselines and the actual results. Technical performance measurement. Changes in project risks are inevitable.

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." 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."

Schedule Performance Index (SPI): An Introduction

ProjectManager.com

The schedule performance index was created to eliminate the guesswork and give a specific, quantifiable answer to the question, as well as show where improvements need to be made for maximum efficiency. What Is the Schedule Performance Index? Schedule Performance Index Key Terms.

2021 367

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. Although these Projects can sometimes eventually be recovered and successfully deliver what they set out, on some occasions they could go so far off the rails that they becomes undeliverable – perhaps it many times over budget and years late. In part 1 of this article series, we accepted that Projects sometimes need to be cancelled.

2017 179

Performance Reporting in the Project Management

Techno-PM

What is performance reporting? Performance reporting is the process of collecting and analyzing data about a company's performance. Performance reports come in many different types and formats. What Goes into Performance Reporting? Performance Reporting

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. These measures of progress fail to describe what business capabilities our project needs to produce or what mission we are trying to accomplish. How are you going to measure progress toward “done” in units. Execute the Performance Measurement Baseline.

2018 98

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. Traditional recognition programs reward individual performance with team celebration or recognition getting short shrift when it comes to budgets. The team, rather than any one team member is the lowest level of granularity when it comes to decision-making, commitment and performance.

2016 155

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 273

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. Some will also have automated gathering and reporting on key performance indicators (KPIs). Budget: Associate cost with individual tasks for more accurate budget estimation and generation.

2019 206

Performance Reporting in the Project Management

Techno-PM

What is performance reporting? Performance reporting is the process of collecting and analyzing data about a company's performance. Download Project Management Templates Performance reports come in many different types and formats.

Most Important Project Management Kpis You Should Be Tracking

ProProfs Project Management

You really need to keep a close eye on project performance indicators to make your presence felt in the business domain. How to Measure Project Management KPIs. Cost Performance Index (CPI). Schedule Performance Index (SPI). Budget Variance. Budget Variance.

2020 91

Project Execution: A Four-Step Project Management Strategy

Techno-PM

Project Execution is a project management strategy that incorporates continuous processes and activities to monitor, control, and communicate progress on projects. It helps you perform tasks in the right order to stay on track and finish your project on time.

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 91

Programme Management (PM): Managing Projects To Achieve an Objective

Techno-PM

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.

Quality Metrics- What They Are and How To Use Them

Techno-PM

Quality metrics are an essential part of the quality management system and provide a way to measure how well a process is performing. Quality managers can use these metrics to improve processes by identifying problems, analyzing root causes, and developing solutions.

2021 36

Quality Metrics- What They Are and How To Use Them

Techno-PM

Quality metrics are an essential part of the quality management system and provide a way to measure how well a process is performing. Quality managers can use these metrics to improve processes by identifying problems, analyzing root causes, and developing solutions.

2021 36

The Complete Glossary of 614 Project Management Terms

Workamajig

Acceptance Test: A process through which a project's end users run through the project to identify any potential issues before it can be formally accepted. Each 'activity' is the smallest unit of work that can be performed within the scope of the project.

2021 78

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.

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. . is an approach to evaluating a gross value applying such criteria as budget, complexity, duration, and size based on a previous similar project estimation experience. . Budget at Completion (BAC) .

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. . is an approach to evaluating a gross value applying such criteria as budget, complexity, duration, and size based on a previous similar project estimation experience. . Budget at Completion (BAC) .

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. Measuring and monitoring project management metrics fills this gap. You’ll learn the right approach to use when measuring project performance. Accurately measurable.

2019 82

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. Reductionism must be replaced by emergence where the complex system of data and processes and the sum of the pieces and parts provides a deeper insight into the functions of the system.

2018 38