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.

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. 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. Evaluating the risk management processes. The team also examines the processes to identify, evaluate, respond to, and control risks. Technical performance measurement.

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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. 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? Herding Cats: Probabilistic Cost and Schedule Processes.

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? In these risk review sessions, the team discussed the effectiveness of the risk responses and the risk management processes. Let’s look at six tools and techniques recommended in the Project Management Body of Knowledge (PMBOK) 5th Edition for controlling 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.

Project Management Process & Phases

ProProfs Project Management

In simple terms, the Project Management process is the art of managing all components of a project from starting to closure using a structured scientific methodology. According to the PMBOK guide, which is considered the bible for project managers, project management is scientifically done by managing project documents through 49 processes that are grouped into five project phases. . The processes in this phase are: . specific, measurable, attainable, realistic, timely) .

A Compendium of Works to Increase the Probability of Project Success

Herding Cats

Managment Processes. 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. Making the Impossible Possible: Applying Heliotropic Abundance for creating Program and Project Management Processes. Forming, Storming, Norming, Performing, and Adjourning. Project Performance Management.

2011 45

Increasing the Probability of Project Success

Herding Cats

This means having a set of Principles, Process, and Practices to test the suggestion against. These Five Immutable principles are time phased into Processes that provide answers to the Five Principles. and the connections between each Process are made to form a Closed Loop control systems needed to manage any project. With some details for each process area. To support these Principles and Processes, a set of Practices are needed.

2017 69

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.

2003 35

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.

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. Go write code that every few weeks produces value to the next step in the process.

2018 38

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. 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.

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

INVEST, Scrum and Enterprise IT

Herding Cats

That means the system architecture, the process flow, the data flow architecture components all how NO dependencies on other. The notion that a User Story would be Independent of all other User Stories makes no sense since the Integrated system is a tightly coupled set of concurrent processes starting with the initial request for Health Insurance ending with the issuance of a Health Insurance policy ranging for a commercial policy to Medicare.

SCRUM 31

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.

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.

Risk 37

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.

2017 32

INVEST, Scrum and Enterprise IT

Herding Cats

That means the system architecture, the process flow, the data flow architecture components all how NO dependencies on other. The notion that a User Story would be Independent of all other User Stories makes no sense since the Integrated system is a tightly coupled set of concurrent processes starting with the initial request for Health Insurance ending with the issuance of a Health Insurance policy ranging for a commercial policy to Medicare.

SCRUM 28

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

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. Corporate governance is a slow process that must clear many hurdles before decisions are made, and rightly so.

A Complete Guide to PMIS

ProjectManager.com

A PMIS enables an organized and controlled flow of information, so nothing is siphoned off or misplaced. 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).

2019 219

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. When you launch the project, confirm the people who will complete the tasks in the project plan and ensure that everyone understands their role and is aware of the process for communication. Use project management software to create, execute and control projects and facilitate communications.

2017 150

What Is A Scope Management Plan And How To Create One?

Techno-PM

Concerned with controlling what is included and excluded from the project’s scope, this process is as essential to the perception of success as it is to the success of the project. Scope Management Plan When projects fail, scope issues are frequently a key factor.

2020 36

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. 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 208

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. So far so good; but when an organisation is orchestrating its status reporting process, what does it need to consider? What other considerations can you think of for designing Project Status Reporting processes?

2017 192

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 305

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.

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 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. Close Project or Phase Process .

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 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. Close Project or Phase Process .

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. This criterion is used as a basis for project monitoring and evaluating processes. Basically, deliverables are the end result of the project execution process. . Performance Measurement Baseline.

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. For example, do they need you to have any base infrastructure or processes in place before their solution can work?

2020 80

How to Delegate Tasks With More Confidence and Less Stress

Girl's Guide to PM

Long ago I found being delegated to was often a confusing process. 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). Explain the in-process tests that confirm each action is correct.

2018 260

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. Delayed financial reporting based on inaccurate and time-consuming manual processes can result in cost overruns, time lost to non-strategic projects and lost profits.

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. Delayed financial reporting based on inaccurate and time-consuming manual processes can result in cost overruns, time lost to non-strategic projects and lost profits.

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 67

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

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

ExamsPM

Project Communications Management is the process of planning, collecting, storing, and updating project information. In this article, we will cover the key terms and three processes in the Communications Management Knowledge Area. Control Communications. Plan Communications Management is the process of developing communications plans and processes based on the existing procedures and stakeholder’s needs. Performance reporting.