ProProfs Project Management

MARCH 18, 2020

Planning includes creating strategies for managing, scope, schedule, cost, quality, resources, risk, communications, procurement and also making a plan for stakeholder engagement. . The activities are then sequenced, and the duration required for each activity is estimated. Risk : This is an integral part of planning.

Process 99

Process Project Life Cycle Development Team Review Risk Management 99

ProProfs Project Management

JANUARY 21, 2020

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. Performance Measurement Baseline. It is an estimation technique based on an expert consensus.

Underperforming Technical Team 111

Underperforming Technical Team Estimate Risk Management Defining 111

Herding Cats

JUNE 19, 2017

The Cone of Uncertainty as a Technical Performance Measure. Closed Loop Stochastic Adaptive control in the presence of Evolving Uncertainty. Uncertainty creates Risk. Risk management requires active reduction of risk. Closed Loop Control, has a goal, an action, a measurement, and a corrective action.

Technical Review 35

Technical Review Performance Measurement Underperforming Technical Team Estimate 35

Herding Cats

AUGUST 12, 2017

No matter the project domain or the technical development method, project success is dependent on knowing what Done looks like in units of measure meaningful to the decision maker. These measures are stated in units, meaningful to the buyer. They focus on the capabilities independent of any technical implementation. Maintainability.

Performance Measurement 39

Performance Measurement Estimate Risk Defining 39

Herding Cats

OCTOBER 12, 2018

This physical percent complete is measured as compliance with the Technical Performance Measures of the outcomes of the work efforts, that consume the budget for that work. Along with the Technical Performance Measures are three other measures needed to assess progress to plan and production of Value.

Engineering 32

Engineering Performance Measurement Underperforming Technical Team Risk Management 32

Herding Cats

DECEMBER 4, 2017

In the Project Controls paradigm, Value is a measurable attribute of the project controls process - a Closed Loop Control measure. The units of measures of Cost and Time are straightforward. The Measures of Effectiveness. Measures of Performance. The Technical Performance Measures.

2005 37

2005 Performance Measurement Closing Controlling 37

Herding Cats

NOVEMBER 19, 2018

The only answer to that is a measure of Physical Percent Complete (P%C). P%C starts with defining the Measures of Performance and Technical Performance Measures for each deliverable as a function of time. These measures are supported by Quantifiable Backup Data. What is your actual condition? .

2010 39

2010 Governance Government Performance Measurement 39

Project Pulse Journal

MARCH 7, 2024

Functions Associated with Projects A system for value delivery encompasses a range of knowledge areas associated with the project lifecycle, including initiating, planning, executing, and closing (PMBOK, 2017). Organizations can optimize project performance and outcomes by integrating these functions into a cohesive framework.

Governance 52

Governance Government Technical Review Sustainability 52

Herding Cats

MARCH 5, 2017

Do those capabilities meet the Measures of Effectiveness needed to accomplish the mission of the system in operational units of success closely related to the achievements of the mission or operational objectives evaluated in the operational environment, under a specific set of conditions? Close Loop Thinking. Related articles.

Software Review 28

Software Review Technical Review Performance Measurement Estimate 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). Aleatory and Epistemic uncertainties, which create the risk to the success of the project. This is due to many reasons.

Technical Review 28

Technical Review Estimate 2005 Software Review 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). Aleatory and Epistemic uncertainties, which create the risk to the success of the project. This is due to many reasons.

Technical Review 28

Technical Review 2005 Estimate 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). Aleatory and Epistemic uncertainties, which create the risk to the success of the project. This is due to many reasons.

Technical Review 28

Technical Review 2005 Estimate Software Review 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

JANUARY 5, 2017

and the connections between each Process are made to form a Closed Loop control systems needed to manage any project. These charts are an extract from the book Performance-Based Project Management: Increasing the Probability of Project Success and the abstracted training materials Handbook. Let's start with the Principles.

Estimate 81

Estimate Closing Controlling Defining 81

International Institute for Learning

OCTOBER 4, 2022

Step 5: Be able to implement the steps necessary to close the performance gap between your company and other companies/organizations. The person performing the external benchmarking study must possess an excellent understanding of his/her organization’s current project management and business processes.

Aerospace 59

Aerospace Underperforming Technical Team Governance Government 59

Herding Cats

AUGUST 14, 2016

In the Systems Engineering world where we work, there are four critical units of measure for all we done. Measures of Effectiveness - these are operational measures of success that are closely related to the achievements of the mission or operational objectives evaluated in the operational environment, under a specific set of conditions.

Performance Measurement 49

Performance Measurement Engineering Lean Software Developers 49

Herding Cats

FEBRUARY 9, 2018

I've seen estimates abused by bad managers, so let's NOT estimate and that will fix the behavior of Bad Managers." While the human behaviors are real and observable, conjecturing that decisions can be made in the presence of uncertainty without estimating the outcome of those decisions, there is no principle to support that conjecture.

Underperforming Technical Team 44

Underperforming Technical Team Estimate 2003 Software Review 44

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

MARCH 4, 2017

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. We need a formal risk management process.

2010 28

2010 2007 Estimate Aerospace 28

Herding Cats

AUGUST 19, 2016

Is this macroeconomic model a correct operational model for software development processes - measuring changes the target ? Setting targets and measuring performance against that target is the basis of all closed loop control systems used to manage projects. No measures of effectiveness.

Performance Measurement 28

Performance Measurement Estimate Software Developers Software Development 28

Herding Cats

NOVEMBER 14, 2018

Using this method, the performance, cost, time, and risks of alternatives can be articulated as ratios that can then be compared with one another. This decision model for software development projects addressed: performance, cost, time, and risk. Mathematically, the value equals performance over cost plus time.

Technical Review 47

Technical Review 2010 2014 Software Developers 47

Herding Cats

APRIL 16, 2019

Business, Technical, Systems, Risk, and Project Management Briefings and Presentations. Project Performance Management (#PPM). Risk Management (#RM). Technical Performance Measures (#TPM). Business, Technical, Systems, Risk, and Project Management. Project Performance Management. Management Processes.

Technical Review 42

Technical Review Performance Measurement Underperforming Technical Team Governance 42

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. This, of course, is nonsense, since estimates are about the past, present, and future.

Estimate 34

Estimate Logistics Performance Measurement Governance 34

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. . This is good, but it doesn't reduce risk.

Risk Management 43

Risk Management Risk 2003 2011 43

Workamajig

JANUARY 11, 2021

Accept: A response to a project risk where the project manager accepts the risk and takes no action to evade it, i.e. 'accepting' the risk. This is usually in case of risks that are unlikely to occur or minor enough so as to not affect the project's outcome. Actual dates are different from planned or estimated dates.

Underperforming Technical Team 78

Underperforming Technical Team Project Life Cycle Estimate Risk Management 78

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 . Bottom-Up Estimating . Activity Attributes . Assumption .

Software Review 45

Software Review Project Life Cycle Estimate Technical Review 45

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. What was the risk-adjusted date?

Software Review 41

Software Review Technical Review Engineering 2018 41

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 . Bottom-Up Estimating . Activity Attributes . Assumption .

Software Review 40

Software Review Project Life Cycle Estimate Technical Review 40

Epicflow Blog

OCTOBER 16, 2023

they have been working on it already for more than 10 years, and they are not close to what we have achieved.’ Carrying an Umbrella (Risk Buffer). Keeping a Spare Tire (Risk & Resource Buffer). Having Insurance (Risk Buffer). But the professionals who executed the project considered it a huge success.

2016 52

2016 Monitoring Risk Management Healthcare 52

Herding Cats

JANUARY 23, 2018

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. Cost is measured in dollars and schedule is measured in time.

Technical Review 44

Technical Review Performance Measurement Engineering Estimate 44

Herding Cats

NOVEMBER 29, 2017

Designing, building, testing, and deploying complex systems is fraught with risk. And as always risk comes from uncertainty. Much has been written about the sources of risk and how to Manage in the Presence of Uncertainty (This briefing describes how risk is managed for each element of the Integrated Master Plan). .

Planning 42

Planning Software Review Governance Government 42

Herding Cats

NOVEMBER 5, 2018

In a previous post, Why Johnny Can't Estimate , mentioned some resources for estimating, the principles of business and technical management that demand estimates be made to make decisions, and background on the sources of uncertainty, that create risk, that require estimating to increase the probability of project success.

Software Review 34

Software Review Technical Review Estimate Software Developers 34

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. You have your integration, scope, schedule, cost, quality, resources, communications, risk, procurement, stakeholders, right?

PMI 59

PMI Software Review Estimate Risk Management 59