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.

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.

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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.

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]. Each of these, while well meaning, are missing the means to confirm their credibility.

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.

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.

2003 59

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.

2017 90

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. Risk Control plans . Change Control.

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.

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? Agree, and focus more on discovery since in *delivery* you have 4 problems: 1.

Agile 50

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. 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.

2008 42

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.

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 40

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. The units of measures of Cost and Time are straightforward.

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.

2017 42

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 48

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

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.

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).

2019 331

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.

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 310

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.

2017 195

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.

2017 250

Next Generation Project Management Software

Girl's Guide to PM

It covered identifying requirements, interconnecting tasks, resources, planned values, actual values, baselines, performance measures, forecast techniques and timesheets. the desired level of monitoring and controlling. Digitalization and Collaboration.

2016 404

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

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.

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 73

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. Control Account (CA) .

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. Control Account (CA) .

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).

2018 308

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

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.

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.

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. This community of program controls, cost analyst, earned value managers and program managers is accountable for providing information to decision makers on enterprise and complex projects and programs.

2016 52

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 99

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.

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

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

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.

2019 67