Herding Cats

APRIL 29, 2017

What is an estimate? An estimate as a noun is an approximate calculation or judgment of the value, number, quantity, or extent of something. An estimate as a verb is to roughly calculate or judge the value, number, quantity, or extent of. But those estimates, nouns, and verbs themselves's have other attributes.

Estimate 46

Estimate Risk Management Risk SCRUM 46

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

AUGUST 12, 2017

Measures of Performance (MOP) – characterize physical or functional attributes relating to the system operation, measured or estimated under specific conditions. These measures are attributes that assure the system has the capability and capacity to perform.

Performance Measurement 39

Performance Measurement Estimate Risk Defining 39

Herding Cats

OCTOBER 12, 2018

In the end, of course, value (to someone) is important. In Earned Value Management paradigm, progress is always measured as physical percent complete. 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.

Engineering 32

Engineering Performance Measurement Underperforming Technical Team Risk Management 32

Workamajig

JUNE 11, 2019

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. The tools you’re using to measure the metric must have a low error rate.

Estimate 93

Estimate Budget Infrastructure Performance Measurement 93

Herding Cats

JUNE 19, 2017

The Cone of Uncertainty as a Technical Performance Measure. Of late, Cone of Uncertainty has become the mantra of No Estimates advocates claiming that data is needed BEFORE the Cone is of any use. This is course is NOT the correct use of the Cone. The Cone of Uncertainty as a Technical Performance Measure.

Technical Review 35

Technical Review Performance Measurement Underperforming Technical Team Estimate 35

MPUG

SEPTEMBER 21, 2020

In EVM terminology, baseline is further defined as the performance measurement baseline (PMB). Performance Measurement Baseline (PMB). I call them the foundational (or basic) metrics, because, based on these metrics, current and future performance metrics are derived. You may be wondering why. Video – EVM in Agile.

Underperforming Technical Team 59

Underperforming Technical Team Agile Performance Measurement PMI 59

Herding Cats

NOVEMBER 19, 2018

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. All these measures are fancy words for Show what you've done in some unit of measure meaning to the decision makers.

2010 39

2010 Governance Government Performance Measurement 39

Herding Cats

DECEMBER 29, 2017

To make some conjecture that some process will fix the problem - Estimates are the smell of dysfunction and NOT Estimating will fix that dysfunction - is naive at best and willfully ignorant of Root Cause Analysis at worse. Take a course on how to write well. Measures of Performance. Key Performance Parameters.

Process 56

Process Estimate Engineering Performance Measurement 56

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." This, of course, is a fallacy on all levels. The first thing to do is NOT fall for the fallacy that NOT Estimating will fix the behavior of the bad manager. Let's look at what an estimate is.

Underperforming Technical Team 44

Underperforming Technical Team Estimate 2003 Software Review 44

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). This is a closed loop control system for managing the program with a T echnical Performance Measure (TPM).

Technical Review 28

Technical Review 2005 Estimate Software Review 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). Estimates are needed but are subject to large level of uncertainty. There can be cost and schedule performance measures as well.

Technical Review 28

Technical Review Estimate 2005 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). This is a closed loop control system for managing the program with a T echnical Performance Measure (TPM). Of Course We Can!

Technical Review 28

Technical Review Software Review Underperforming Technical Team Risk Management 28

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

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). This is a closed loop control system for managing the program with a T echnical Performance Measure (TPM).

Technical Review 28

Technical Review 2005 Estimate Software Review 28

Herding Cats

OCTOBER 16, 2018

The will happen of course is dependent on externalities, some under our control some not. For approaches that have been implemented on existing systems, obtaining such understanding may require measurement and analysis. These performance measures, along with other factors impacting project performance can all be modeled [2].

Aerospace 41

Aerospace Engineering 2012 2014 41

Wrike

MARCH 4, 2021

Estimating turnaround times. Reviewing performance . You must spell out performance measures in your contract so all vendors understand their responsibilities. Researching and sourcing vendors. Obtaining price quotes. Managing vendor relationships . Maintaining quality of work. Assigning jobs to vendors. Making payments

Performance Measurement 36

Performance Measurement Defining Monitoring Process 36

Herding Cats

JULY 20, 2016

As random variables, both need estimates to make informed decisions. A target Value must be measured in units meaningful to the decision makers. Measures of Performance - is a Measure that characterize physical or functional attributes relating to the system operation, measured or estimated under specific conditions.

Performance Measurement 28

Performance Measurement Estimate Closing Agile 28

Herding Cats

SEPTEMBER 28, 2018

This is found many times in project work around risk management and other performance measures that are ordinal rather than cardinal. Nonparametric statistics uses data that is often ordinal, meaning it does not rely on numbers, but rather a ranking or order of sorts. Allen - this was a grad school text as well.

Engineering 52

Engineering Performance Measurement Risk Management Risk 52

Herding Cats

JUNE 9, 2018

There is always lots of complaining about the biases introduced into managing projects and making the estimates needed to make project decisions. 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.

Transportation 39

Transportation Software Engineering Finance 2011 39

ProjectManager.com

DECEMBER 24, 2019

Estimate & Review the Time it Takes to Complete Each Task. In order to properly calculate your schedule, you’ll need to factor in all dependencies and estimate the time it will take to complete each task, as well as the project as a whole. Easily create task dependencies in ProjectManager.com’s Gantt chart.

Software Review 278

Software Review Risk Management Risk Performance Measurement 278

Herding Cats

NOVEMBER 14, 2018

And of course. No Credible Decision Can Be Made in the Presence of Uncertainty with making Estimates of the Impact of those Decisions. But in the end, for the business to make a decision a Cardinal value is needed if that decision impacts the balance sheet.

Technical Review 47

Technical Review 2010 2014 Software Developers 47

Herding Cats

JUNE 9, 2018

There is always lots of complaining about the biases introduced into managing projects and making the estimates needed to make project decisions. 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.

Transportation 28

Transportation Software Engineering Finance 2011 28

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 16, 2019

Project Performance Management (#PPM). Technical Performance Measures (#TPM). Cost, Schedule, and Technical Performance Management (#CSTPM). Project Performance Management. Building a Credible Performance Measurement Baseline - without a good foundation, nothing can be built. Risk Management (#RM).

Technical Review 42

Technical Review Performance Measurement Underperforming Technical Team Governance 42

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 are the Technical Performance Measure for each of those deliverables.

Software Review 41

Software Review Technical Review Engineering 2018 41

MPUG

JUNE 27, 2022

In archery, this would be similar to moving the bulls-eye to the arrow, whereas the real test of skill is to move the arrows to the bulls-eye, of course. I would still recommend you quickly set the first baseline, so you can become a better estimator by comparing actuals against your original estimates stored in the baseline.

Governance 52

Governance Government Estimate Performance Measurement 52

Workamajig

JANUARY 11, 2021

Activity: A distinct, identifiable portion of work done during the course of a project. Each 'activity' is the smallest unit of work that can be performed within the scope of the project. Actual dates are different from planned or estimated dates. Action Item: An activity that must be completed for the project to move forward.

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 . Bottom-Up EAC (estimate at completion) Method .

Software Review 45

Software Review Project Life Cycle Estimate Technical Review 45

Wrike

AUGUST 30, 2021

In the initiation phase of the project, a PMIS can be helpful in: Establishing a preliminary project budget including cost and resource estimates. Enables easy comparison of actual project data with the baseline estimates from the project planning phase. Project initiation phase. Outlining the project scope and preparing bids.

Software Review 36

Software Review Estimate Budget Monitoring 36

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 . Bottom-Up EAC (estimate at completion) Method .

Software Review 40

Software Review Project Life Cycle Estimate Technical Review 40

Herding Cats

MARCH 11, 2018

When we hear about software development disasters and then hear that estimates are to blame, and NOT Estimating will somehow reduce or prevent these disasters, think again. Each of the categories operates in the presence of uncertainty and requires that estimates be made about the probability, conseqeunce of the resutling risk.

Software Developers 34

Software Developers Software Development Risk Management Risk 34

Herding Cats

AUGUST 5, 2017

What are the “units of measure” for this increasing maturity? The answers to each of these questions require making estimates in the presence of uncertainty. No Point Estimate of Cost or Duration can be Correct. A common distribution of probabilistic estimates for cost and schedule random variables is the Triangle Distribution.

Risk Management 42

Risk Management Risk Estimate Underperforming Technical Team 42

Herding Cats

NOVEMBER 29, 2017

Supporting artifacts such as the WBS, WBS Dictionary, Basis of Estimates (BOE), and the Systems Engineering Management Plan (SEMP) are available to help define the scope of the work to be performed and especially the entrance and exit criteria for key program Events. Trained - Type I training course completed. Related articles.

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

Wrike

NOVEMBER 7, 2018

Online self-paced course – 24%. Estimated Project-Oriented Job Openings 2010-2020: . Implement/enhance performance measurement process – 39%. [13]. Inadequate cost estimates – 29%. Inaccurate task time estimate – 27%. PM Certification by Department: 37% say their entire IT department is certified.

2015 60

2015 Technical Review Underperforming Technical Team Software Review 60

Herding Cats

APRIL 5, 2016

In our domain this is the Performance Measurement Baseline, which is a time-phased budget plan for accomplishing work against which contract performance is measured. Of course not. Five Estimating Pathologies and Their Corrective Actions. Why Guessing is not Estimating and Estimating is not Guessing.

Software Developers 28

Software Developers Software Development Software Review Software 28