Rebel’s Guide to PM

FEBRUARY 1, 2022

Chapter 5 covers the agile project management model and then the rest of the book covers the process and project lifecycle in detail, with chapters on governance, scaling and performance measurement. It talks about measuring and monitoring velocity during an iteration too. Agile Estimating and Planning by Mike Cohn.

PMI 195

PMI Certification Estimate Software Review 195

ProjectManager.com

NOVEMBER 11, 2021

For a successful project, you need an overall picture of your work performance information (WPI). Performance reporting provides that information by putting performance measurement, quality assurance and accountability data in context. What Is Performance Reporting? This is used for better resource utilization.

Software Review 305

Software Review Underperforming Technical Team Monitoring Executing 305

ProjectManager.com

SEPTEMBER 4, 2019

Budget: Associate cost with individual tasks for more accurate budget estimation and generation. 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.

Software Review 214

Software Review Project Life Cycle Closing Budget 214

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

ProProfs Project Management

JANUARY 21, 2020

A project activity can be defined as the smallest unit of work that needs to be done in order to complete a project. This refers to the various schedules and costs defined at the start of a project. It defines a set of activities that need to be done in order to complete the project in time and as per the pre-defined schedule. .

Underperforming Technical Team 111

Underperforming Technical Team Estimate Risk Management Defining 111

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

OCTOBER 12, 2018

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. The Measures of Performance are.

Engineering 32

Engineering Performance Measurement Underperforming Technical Team Risk Management 32

ProProfs Project Management

MARCH 18, 2020

It is then used to collect requirements from customers and to define the scope. Schedule : After defining the scope and breaking it down into work packages, activities are defined for each work package. The activities are then sequenced, and the duration required for each activity is estimated. Define Scope .

Process 99

Process Project Life Cycle Development Team Review Risk Management 99

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. Maintainability. Scalability. Availability.

Performance Measurement 39

Performance Measurement Estimate Risk Defining 39

Herding Cats

DECEMBER 8, 2017

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. This can be the confidence in the estimate for any variable.

Performance Measurement 35

Performance Measurement Technical Review 2017 2008 35

Herding Cats

JUNE 19, 2017

The Cone of Uncertainty as a Technical Performance Measure. These activities, their releationships and values are defined in a PLAN for increasing the probability of success for the project. The creation and management of the Plan is usually performed by the Program Planning and Controls group where I work. .

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). Let’s first define PMB, because, as I’ve seen, the lack of clarity regarding EVM is typically due to lack of PMB understanding. Performance Measurement Baseline (PMB). You may be wondering why.

Underperforming Technical Team 59

Underperforming Technical Team Agile Performance Measurement PMI 59

Herding Cats

FEBRUARY 5, 2018

These answers start with defining the strategy. For these strategies to work, we need to define the Measures of Effective, Measures of Performance, Technical Performance Measures, and Key Performance Parameters for each of the outcomes that produce Value in exchange for the Cost and Time to produce that Outcome.

Executing 40

Executing Performance Measurement Manufacturing Estimate 40

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. Define your timeline 2. Get buy-in from stakeholders 4.

Executing 36

Executing Monitoring Performance Measurement Controlling 36

Herding Cats

DECEMBER 4, 2017

These measures are the basis of project success from the technical point of view. Value to the business can be defined using these measures. Measures of Performance - are performance measures that characterize physical or functional attributes relating to the system operation, measured or estimated under specific conditions.

2005 37

2005 Performance Measurement Closing Controlling 37

Herding Cats

MARCH 5, 2017

Do those capabilities meet the Measures of Performance that characterize physical or functional attributes relating to the system operation, measured or estimated under specific conditions? These are attributes to assure the system has the capability and capacity to perform. Related articles. Close Loop Thinking.

Software Review 28

Software Review Technical Review Performance Measurement Estimate 28

Herding Cats

MAY 31, 2018

This process requires making estimates of cost, schedule, and technical performance to increase the probability of program success as defined by with Measures of Effectiveness, Measures of Performance, Technical Performance Measures, and Key Performance Parameters.

Performance Measurement 28

Performance Measurement Estimate Defining Planning 28

Herding Cats

JANUARY 5, 2017

These charts are an extract from the book Performance-Based Project Management: Increasing the Probability of Project Success and the abstracted training materials Handbook. How to Avoid the "Yesterday's Weather" Estimating Problem. Domain is King, No Domain Defined, No Way To Test Your Idea. Related articles. Doing the Math.

Estimate 81

Estimate Closing Controlling Defining 81

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. What is your actual condition? .

2010 39

2010 Governance Government Performance Measurement 39

Techno-PM

SEPTEMBER 9, 2021

Program Management can be defined as developing and implementing projects by managing the work, people, time, and budget. In contrast, project management has more defined deadlines and expectations for results in the form of deliverables like reports or products delivered at specified intervals. Project Management: 1.

Budget 36

Budget Monitoring Performance Measurement Defining 36

Herding Cats

AUGUST 14, 2016

Measure of Performance - characterize physical or functional attributes relating to the system operation, measured or estimated under specific conditions. MOP's are attributes that assure the systems to capability to perform. They define compliance to performance requirements.

Performance Measurement 49

Performance Measurement Engineering Lean Software Developers 49

Wrike

MARCH 4, 2021

It’s a process that includes tracking, measuring, reviewing, and aligning their goals with your organization to ensure a profitable partnership. The vendor agreement signed by both parties ensures your relationship is well-defined and measurable, reducing the chances of misunderstandings or a failed project.

Performance Measurement 36

Performance Measurement Defining Monitoring Process 36

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 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

AUGUST 12, 2016

Unrealistic performance expectations missing Measures of Effectiveness and Measures of Performance. Unrealistic Cost and Schedule estimates based on inadequate risk adjusted growth models. Before diving into the details of these, let me address another issue that has come up around project success and estimates.

Technical Review 28

Technical Review Estimate 2003 Aerospace 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). Related articles.

Technical Review 28

Technical Review Software Review Underperforming Technical Team Risk Management 28

Wrike

JUNE 11, 2023

These frameworks involve the use of statistical techniques, probability theory, and mathematical formulas to estimate the likelihood and impact of risks, calculate expected values, and determine risk exposure. These objectives serve as a roadmap for organizations, helping them define and prioritize their risk management activities.

Risk Management 36

Risk Management Risk Underperforming Technical Team Technical Review 36

Herding Cats

MAY 31, 2018

This process requires making estimates of cost, schedule, and technical performance to increase the probability of program success as defined by with Measures of Effectiveness, Measures of Performance, Technical Performance Measures, and Key Performance Parameters.

Performance Measurement 15

Performance Measurement Estimate Defining Planning 15

Herding Cats

AUGUST 19, 2016

This process provides actionable information about the performance of the project using Quantifiable Backup Data (QBD) for the expected outcomes of the work, for the expected cost, at the expected time all adjusted for the reducible and irreducible uncertanties of the work. No measures of effectiveness. No measures of performance.

Performance Measurement 28

Performance Measurement Estimate Software Developers Software Development 28

Herding Cats

OCTOBER 16, 2018

For approaches that have been implemented on existing systems, obtaining such understanding may require measurement and analysis. For scenarios where the project under consideration does not yet exist, performance prediction using analytical modeling or simulation is necessary. This is the basis of Earned Value Management.

Aerospace 41

Aerospace Engineering 2012 2014 41

International Institute for Learning

OCTOBER 4, 2022

Gap can also exist for performance improvement expectations such as: Reduction in risk by a certain percentage, cost, or time. Improvement in estimating accuracy by a certain percentage or dollar value. Most companies have core values which help define their firm’s identity and how decisions will be made.

Aerospace 59

Aerospace Underperforming Technical Team Governance Government 59

Herding Cats

APRIL 4, 2016

How do you define, design, represent, assess, analyze, and manage these interactions. Technical Performance Measures. Estimating Guidance. A system is never the sum of its parts, it's the product of their interactions. The notion that systems are somehow unmanageable is fine in some domains. Finance, social, political.

Engineering 28

Engineering Software Performance Measurement Finance 28

Project Pulse Journal

MARCH 7, 2024

This involves defining product requirements, conducting market analysis, managing product life cycles, and prioritizing features to maximize customer satisfaction and competitive advantage.

Governance 52

Governance Government Technical Review Sustainability 52

MindGenius

JUNE 26, 2019

PRINCE2, NVP, Analogous Estimating etc. Improving the process is done using the DMAIC model (Defining, Measuring, Analysing, Improving and Controlling): Define: define the problem and how it is affecting your current process. All three of these make up the performance measurement baseline.

Risk Management 28

Risk Management Prince2 Risk Controlling 28

Herding Cats

APRIL 16, 2019

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.

Technical Review 42

Technical Review Performance Measurement Underperforming Technical Team Governance 42

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