NimbleWork

APRIL 16, 2024

Planning involves breaking down the work into manageable tasks, estimating resource requirements, and creating schedules and budgets. It helps project managers and teams organize and define the scope of work, identify tasks, and estimate resource requirements.

Process 52

Process 2030 Software Review Estimate 52

Scrum.org

SEPTEMBER 13, 2021

It's the most recent data point you have and therefore, the most accurate. As long as the sum of sizes for all item estimates is less than the Velocity, the Developers accept the work. It was the search for a new way to estimate software projects that brought me to Scrum. Velocity is a useful measure.

SCRUM 190

SCRUM Estimate Performance Measurement Planning 190

The IIL Blog

OCTOBER 17, 2023

Benchmarking Identifying a project performance indicator or practice, then assessing it against industry standards or best practices. Bottom-up Estimating A project estimation technique that leverages tactical-level team members/subject matter experts (SMEs) to break down tasks into smaller components to create a more accurate estimate.

Development Team Review 148

Development Team Review Project Life Cycle Underperforming Technical Team Estimate 148

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. Our reports are fully customizable to get you the data you need.

Software Review 293

Software Review Risk Management Risk Performance Measurement 293

ProjectManager.com

SEPTEMBER 4, 2019

How can some many data channels be organized so that they’re delivered to the right party and that person knows that they’re being notified? It’s a way to organize that flood of information, so you don’t drown in data. Budget: Associate cost with individual tasks for more accurate budget estimation and generation.

Software Review 217

Software Review Project Life Cycle Closing Budget 217

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

MARCH 17, 2019

Project Performance Management. Connecting the 5 Principles and 5 Practices of Performance-Based Project Management ® To Increase the Probability of Project Success. Building a Credible Performance Measurement Baseline. Measures of Product Value is Exchange for Its Cost. Technical Performance Measures.

2003 54

2003 2011 2008 Performance Measurement 54

Herding Cats

AUGUST 27, 2017

There's a recent post titled Four Fallacious Reasons to Estimate. It lists the usual suspects for why those spending the money think they don't have to estimate how much they plan to spend when they'll be done producing the value they've been assigned to produce for that expenditure. Let's look at each one in more detail.

Estimate 46

Estimate Software Review Underperforming Technical Team Technical Review 46

Epicflow Blog

NOVEMBER 8, 2021

Schedule Baseline as a Performance Baseline Component . It’s a component of a performance measurement baseline that consists of scope, schedule, and cost baselines and is included into a project plan. This information can be used to improve project time estimates in the future. . Baselining.

Software Review 98

Software Review Estimate Monitoring Performance Measurement 98

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

Epicflow Blog

APRIL 25, 2024

” Eli Schragenheim The lesson is: when you ask for a clear one-number estimation, without defining the level of common and expected uncertainty, then you either might face big surprises or face frequent occurrences, where the project/mission finished exactly on time.

2016 52

2016 Monitoring Risk Management Healthcare 52

Workamajig

JUNE 11, 2019

This is all the more true for project management where you’re usually dealing with a mix of hard and soft data. 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.

Estimate 93

Estimate Budget Infrastructure Performance Measurement 93

Herding Cats

MAY 1, 2017

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.

Performance Measurement 42

Performance Measurement Estimate Risk Management Budget 42

Herding Cats

DECEMBER 8, 2017

The CoU paradigm defines the needed reduction in uncertainty is some performance metric. This can be the confidence in the estimate for any variable. It can be the needed performance of a measure - Effectiveness, Performance, Key Performance Parameter, or a Technical Performance Measures.

Performance Measurement 35

Performance Measurement Technical Review 2017 2008 35

MPUG

SEPTEMBER 21, 2020

In EVM terminology, baseline is further defined as the performance measurement baseline (PMB). Performance Measurement Baseline (PMB). The current performance metrics used to calculate EVM are noted in the below table for a Traditional environment. You may be wondering why. Earlier I said, PV, EV, and AC, etc.

Underperforming Technical Team 59

Underperforming Technical Team Agile Performance Measurement PMI 59

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. The Cone of Uncertanty does NOT need data to validate it is the correct paradigm. This extended post covers.

Technical Review 35

Technical Review Performance Measurement Underperforming Technical Team Estimate 35

Wrike

AUGUST 30, 2021

Projects contain an abundance of information, documents, and data. A PMIS is a software program or application that organizes and controls the flow of project data and information. Project managers use a PMIS to plan, monitor, and execute their project deliverables more efficiently, without getting overwhelmed with data.

Software Review 36

Software Review Estimate Budget Monitoring 36

MPUG

JULY 10, 2023

We will also provide the formulas you need to calculate your data and make informed decisions. Again, this data is available through existing financial reports. Now we’ve looked at some cost performance measures, let’s look at a few more specifically aimed at managing schedule performance.

Budget 40

Budget Controlling Performance Measurement Finance 40

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

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

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. Resources .

2010 39

2010 Governance Government Performance Measurement 39

Techno-PM

SEPTEMBER 2, 2021

To measure effectiveness, you need three things: quantitative data about performance measurements, qualitative data about stakeholder satisfaction with outcomes achieved (or dissatisfaction), and information on contextual factors affecting success or failure. What happens during the execution phase?

Executing 36

Executing Monitoring Performance Measurement Controlling 36

Wrike

JUNE 11, 2023

However, with this reliance comes the inherent risks of cyber threats, data breaches, and operational disruptions. It encompasses the identification of potential vulnerabilities, threats, and the potential for unauthorized access to critical systems and data.

Risk Management 36

Risk Management Risk Underperforming Technical Team Technical Review 36

MPUG

JUNE 27, 2022

You only need to maintain your baseline when one of the following is true (see my Forecast Scheduling textbooks): Your project KPI’s and metrics use baseline data You use Earned Value Management as your performance measurement system You want to be able to attribute schedule delays to contractors (disputes).

Governance 52

Governance Government Estimate Performance Measurement 52

ProProfs Project Management

MARCH 18, 2020

The activities are then sequenced, and the duration required for each activity is estimated. Cost : A cost management strategy is first made, after which the cost for each work package is estimated. The estimates are then summed up, and some reserves are added to it to create the project budget.

Process 99

Process Project Life Cycle Development Team Review Risk Management 99

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 23, 2018

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. Earned Value Management (EVM) often anchors such a performance measurement system in DoD programs.

Technical Review 44

Technical Review Performance Measurement Engineering Estimate 44

Herding Cats

FEBRUARY 9, 2018

Drawing Unsupported Conclusions from Incomplete and Inconclusive Data, it is not only natural but also laudable, to seek evidence that confirms something that we hold to be true. I've seen estimates abused by bad managers, so let's NOT estimate and that will fix the behavior of Bad Managers." Let's look at what an estimate is.

Underperforming Technical Team 44

Underperforming Technical Team Estimate 2003 Software Review 44

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. Lost data - the listener doesn't pay attention as a critical moment and misses something indispensable.

Process 56

Process Estimate Engineering Performance Measurement 56

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). The Cone is NOT the result of the project's past performance. There can be cost and schedule performance measures as well.

Technical Review 28

Technical Review 2005 Estimate Software Review 28

Herding Cats

OCTOBER 16, 2018

The book that contains that paper and provides the specific approach to modeling the future is Statistics for Experimenters: An Introduction to Design, Data Analysis, and Model Building , Georg E. Data from the past is useful but that data is just that - data from the past. Performance Analysis and Prediction .

Aerospace 41

Aerospace Engineering 2012 2014 41

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. The Cone is NOT the result of the project's past performance.

Technical Review 28

Technical Review Estimate 2005 Software Review 28

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 is data and process workflow is exchanged between each Capability?

Software Review 41

Software Review Technical Review Engineering 2018 41

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. All project work operates in the presence of uncertainty.

2010 28

2010 2007 Estimate Aerospace 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). The Cone is NOT the result of the project's past performance. There can be cost and schedule performance measures as well.

Technical Review 28

Technical Review 2005 Estimate Software Review 28

Workamajig

JANUARY 11, 2021

Actual dates are different from planned or estimated dates. Actual Effort: The actual effort spent to complete the activity, as opposed to the planned or estimated effort. Actual Expenditure: The actual expenditure spent to complete the activity, as opposed to the planned or estimated expenditure.

Underperforming Technical Team 78

Underperforming Technical Team Project Life Cycle Estimate Risk Management 78

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). Related articles.

Technical Review 28

Technical Review Software Review Underperforming Technical Team Risk Management 28