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. Measuring progress must be in units meaningful to the decision maker. Objectively assessing accomplishments take place at the work performance level. A Technical Performance Measure is described through.

6 Tools and Techniques for Controlling Risks

Project Risk Coach

Let’s look at six tools and techniques recommended in the Project Management Body of Knowledge (PMBOK) for controlling risks. Risk Control Tools and Techniques. 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. 4=Control Project Risk Management

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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]. Was the scope controlled, properly funded, staffed properly, defects too high - causing rework, and a myriad of other operational and developmental things that could have caused the actual result to not match the initial estimate.

6 Tools and Techniques for Controlling Risks

Project Risk Coach

What tools and techniques can project managers use for controlling risks and getting the results they are looking for? Let’s look at six tools and techniques recommended in the Project Management Body of Knowledge (PMBOK) 5th Edition for controlling risks. PMBOK 6th Edition The PMBOK 6th Edition changed the process name of "Control Risks" to "Monitor Risks." Risk Control Tools and Techniques. 4=Control Project Risk Management

Control partners should have skin in the game!

Kiron Bondale

But as the size of the organization increases and stakes get higher, control partners emerge to influence not only what but how production occurs. Where things get difficult is when these control partners do not experience first-hand the downside of their decisions. Delivery staff may complain to control partners about how onerous or non-value add specific practices are, but there is little direct impact to them.

A Compendium of Works to Increase the Probability of Project Success

Herding Cats

Open Loop / Closed Loop Project Controls. Integrated Master Plan: The Foundation of Program Success , College of Performance Management, May 21, 2014. The Nine "I's" of Program Success ," College of Performance Management. Forming, Storming, Norming, Performing, and Adjourning. Project Performance Management. Connecting the 5 Principles and 5 Practices of Performance-Based Project Management ® To Increase the Probability of Project Success.

2003 45

Increasing the Probability of Project Success

Herding Cats

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. Capabilities Earned Value Estimating Governance Management Performance-Based Project Management® Principles Requirements Risk Root Cause Analysis Technical Performance Measures

2017 69

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. Were there: Measures of Effectiveness. Measures of Performance. Key Performance Parameters. Did this Programmatic Architecture define all the player, what they were accountable for, the units of measure to assess the credibility, validity, quality, and compliance of their products with the PEP? Risk Control plans .

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

Herding Cats

Progress and Value are measured with the same in Earned Value Management. In Earned Value Management paradigm, progress is always measured as physical percent complete. The Measures of effectiveness. The Measures of Performance are. 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.

Project Versus Product in Agile Development

Herding Cats

But if the development work is a Project is a fixed period of performance, for a fixed (with margin) budget, and a fixed set of Capabilities, then the question is can agile be used to develop the software? Ranging from embedded flight control systems for winged vehicles to orbiting spacecraft, to Software Intensive System of Systems from industrial, business, and financial systems. Agree, and focus more on discovery since in *delivery* you have 4 problems: 1.

2018 38

INVEST, Scrum and Enterprise IT

Herding Cats

We always want to minimize the number of interfaces between modules, minimize the complexity of each interface, and control the type of info flow. In general, modules tightly coupled if they use shared variables or if they exchange control info.

SCRUM 36

Integrated Master Plan - Revisited

Herding Cats

Transparent – Comprehensible display of what needs to be done and how completion is measured. Controlled – Configuration-controlled, approved, and kept aligned to contract modifications. It is essential that the IMP represent the work that must be performed. If the IMP is being prepared as part of a proposal, then the Request for Proposal (RFP) and RFP attachments will be the primary documents to define the work to be performed. Controlled.

Cone of Uncertainty Bibliography

Herding Cats

I work in a domain where the CoU is baked into the Integrated Program Performance Management (IPPM) processes flowed down from the buyer, in this case, the Federal Government. The CoU paradigm defines the needed reduction in uncertainty is some performance metric. It can be the needed performance of a measure - Effectiveness, Performance, Key Performance Parameter, or a Technical Performance Measures.

2008 32

Closed Loop Control and Granularity of the Estimating Process

Herding Cats

For any closed loop control system ‒ let’s assume we want to manage our project with such a system ‒ has a signal representing the current state of the system. For software, this can be value produced (assuming we have a unit of measure for that value in the for of effectiveness, performance, key performance parameters, or technical performance measures ). For your Honeywell or Nest controller on the wall, that sample rate is measured in seconds.

Fallacy of the Day

Herding Cats

"On spec" is open loop control on value. 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. The units of measures of Cost and Time are straightforward. The Measures of Effectiveness.

INVEST, Scrum and Enterprise IT

Herding Cats

We always want to minimize the number of interfaces between modules, minimize the complexity of each interface, and control the type of info flow. In general, modules tightly coupled if they use shared variables or if they exchange control info. Cohesion is the measure of how well module fits together. Procedural cohesion: a single control sequence, e.g., a loop or sequence of decision statements. The component may be performing more than one function.

SCRUM 31

Misinterpretations of the Cone of Uncertainty

Herding Cats

The Cone of Uncertainty as a Technical Performance Measure. Closed Loop Stochastic Adaptive control in the presence of Evolving Uncertainty. 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. The Cone of Uncertainty as a Technical Performance Measure.

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. Project Managers constantly seek ways to eliminate or control risk, variance, and uncertainty. Attempting to control these variances outside their natural boundaries is a waste (Muda). The performance dimension of the consequence of occurrence.

Risk 37

What Is Corporate Governance & How Can it Impact My Project?

ProjectManager.com

While managing a project it is easy to become myopic and focus solely on success as measured by the project. Corporate governance is a system of rules, practices and processes that are used by a corporation to direct and control its actions. That includes action plans , internal controls, OKRs , performance measurements and corporate disclosures. Money can be a difficult valve to open when controlled by a board of directors.

A Complete Guide to PMIS

ProjectManager.com

A PMIS enables an organized and controlled flow of information, so nothing is siphoned off or misplaced. Some will also have automated gathering and reporting on key performance indicators (KPIs). Control and Performance: Analyze and control cost and performance, updating existing plans as actual against planned data changes, provide what-if scenarios for the project manager.

2019 217

6 Tips for Better Schedule Management

ProjectManager.com

Determining these right off the bat and including them in your project schedule will help minimize risk and ensure that each task can be performed effectively with minimal roadblocks and need for management down the road.

2019 275

5 Key Steps to Successful Project Management

Entry

The project plan should contain performance measures and any process changes that need to take place and who and what will these changes impact. Use project management software to create, execute and control projects and facilitate communications. Managing your first project can be daunting. To simplify things, here are five steps critical to the successful management of a project: Step 1: Initiate the Project by Defining the Scope.

2017 150

Work Performance Data, Work Performance Information, and Work Performance Reports

Deep Fried Brain

In 2009, I did a series of posts on Work Performance Information, Work Performance Measurements and Performance Reports, highlighting how the PMBOK® Guide, Fourth Edition was utterly confusing. Commonly Confused Concepts Executing Monitoring and Controlling PMBOK Process Groups Study Notes

2014 38

Project Status Reporting – 6 Key Considerations

Project Health Check

The entire purpose of the Start-up Phase of a Project is to produce a comprehensive Plan for the Project; consisting of an integrated Performance Measurement Baseline (Time, Cost, Scope) and an associated Project Management Plan to monitor and control it. A good place to start when considering potential sub-factors is the Performance Measurement Baseline – the triple constraint of Scope/Cost/Time; how are we performing against these?

2017 192

Project Management Process & Phases

ProProfs Project Management

Initiation is the very first phase of project management, and it is all about measuring the value, benefits, and feasibility of the project. specific, measurable, attainable, realistic, timely) . Perform Qualitative Risk Analysis . Perform Quantitative Risk Analysis .

Next Generation Project Management Software

Girl's Guide to PM

Aiming to offer project managers direction and information on how to approach emerging project management tools and to explain what they can do with and expect from each of these tools, Maria Cristina Barbero and Niccolò Siani started a research project under a partnership between The University of Rome “La Sapienza” and the largest Italian IT services firm, Engineering Ingeneria Informatica Spa , which acted through its 100% controlled management-consulting firm, Nexen Business Consultants Spa.

2016 293

What Should I Look For in a Statement of Work?

LiquidPlanner

Check that the change control process is documented, along with risks, assurance, and quality measures. You can ask them to include any performance measures or warranties that you feel are appropriate so that both parties understand how success will be judged.

2020 109

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. Cost is measured in dollars and schedule is measured in time. Technical performance is likewise difficult to integrate with either cost or schedule because its units of measure vary with the subject matter.

Different Project Management Terms Beginners Should Know

ProProfs Project Management

KPI stands for Key Performance Indicators. These indicators basically measure a project’s success by defining various metrics for different departments, such as marketing, sales, etc. Performance Measurement Baseline. Overall Change Control. X-Bar Control Charts.

2020 89

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. Today, PMOs working with waterfall (predictive), agile and hybrid project methodologies have a difficult time identifying a single version of the truth, which causes serious obstacles to productivity.

Project Management Glossary: 200+ Terms PMs Frequently Use

Epicflow Blog

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. is a state of resource allocation performed by a project manager. is initial data for your project performance measurement necessary for the start. is a process of assigning resources and analyzing the budget necessary for adequate risk management to create a cost performance baseline. .

Project Management Glossary: 200+ Terms PMs Frequently Use

Epicflow Blog

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. is a state of resource allocation performed by a project manager. is initial data for your project performance measurement necessary for the start. is a process of assigning resources and analyzing the budget necessary for adequate risk management to create a cost performance baseline. .

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. Today, PMOs working with waterfall (predictive), agile and hybrid project methodologies have a difficult time identifying a single version of the truth, which causes serious obstacles to productivity.

How to Delegate Tasks With More Confidence and Less Stress

Girl's Guide to PM

As recipient of the delegation you have a duty to: Confirm the performance criteria are mutually understood and agreed. Be Clear on Requirements and Confirm Performance Criteria. Requirements matched to agreed performance measurement criteria are a pair (or the same thing stated twice). The exchange of requirement and measurement criteria starts with the delegator who must be able to state the end result that they require.

2018 249

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). Estimates of cost, schedule, technical performance on the left side of the cone have a lower probability of being precise and accurate than estimates on the right side of the cone. The Cone is NOT the result of the project's past performance.

2007 33

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. I spent the week speaking at the College of Performance Management conference where government and industry come together to work on the issues of cost, schedule, and technical performance management process improvement needed to increase the probability of program success. Technical Performance Measures. It's common to misquote famous quotes.

2016 40

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). key performance indicators provide performance-related insights so that you accomplish your objectives at the end without breaking a sweat. Measurement is the first step that leads to control and eventually to improvement. —

2020 61

Don't Be Fooled

Herding Cats

Hyndman - in our program planning and controls domain ARIMA (Autoregressive Integrated Moving Average) is a powerful tool for forecasting future project behaviors based on past performance.

2018 57

Communications Management: PMP Study Guide (PMBOK 6th Edition)

ExamsPM

Control Communications. Performance reporting. Includes collecting and distributing project performance information. Project communications components include: Performance reports, Deliverables status, Schedule progress. Control Communications. Control Communications is the process of analyzing communications through the project life cycle and sending relevant work performance information to stakeholders.