ProjectManager.com

MARCH 1, 2023

Manufacturing KPIs are key performance indicators and we’ll go into greater detail about the definition and why manufacturing KPIs are so important. Total Effective Equipment Performance (TEEP) Total effective equipment performance measure utilization. Related Manufacturing Content What Is Lean Manufacturing?

Manufacturing 252

Manufacturing Software Review Performance Measurement Monitoring 252

ProjectManager.com

AUGUST 31, 2022

What is operational efficiency and how can you measure it to take advantage of its benefits? Let’s start with the definition and explore how to improve operational efficiency in addition to ways that using project management software can help manufacturers. What Is Operational Efficiency? ProjectManager & Operational Efficiency.

Manufacturing 317

Manufacturing Technical Review Software Review Monitoring 317

Rebel’s Guide to PM

FEBRUARY 1, 2022

Robert Wysocki came up with my favourite definition of what project management is, that I use in most of my training courses. 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.

PMI 195

PMI Certification Estimate Software Review 195

MPUG

APRIL 25, 2022

In other words, EVM helps you quantify the performance of a project. Definitions. Let’s define such using PMI as our guide: Earned value (EV) is the measure of work performed, expressed in terms of the budget authorized for that work. It compares costs and schedules to a baseline to determine if the project is on track.

Project Life Cycle 108

Project Life Cycle 2013 2016 2019 108

The Strategic Project Manager

MARCH 14, 2024

Performance Measurement and Evaluation – Project and program managers can incorporate value innovation metrics into performance measurement frameworks to evaluate the success of projects and programs.

Innovation 52

Innovation Sustainability Performance Measurement Risk Management 52

MPUG

APRIL 4, 2022

Regardless, a project always will have a definitive end. As noted in the definition of variance analysis, a comparison is always with respect to the latest baseline. It’s also possible that a project can be specifically chartered within a portfolio, or a greenfield project can be launched independently by an organization.

Closing 109

Closing Performance Measurement Project Life Cycle Executing 109

Epicflow Blog

OCTOBER 5, 2022

When your project is in progress, you as a project manager or business leader will definitely want to know how things are going and have an opportunity to check it at any moment. But in a multi-project environment, when more than two projects run in parallel, being focused on a project performance only can be harmful for your organization.

Performance Measurement 52

Performance Measurement Software Review 2022 Budget 52

Herding Cats

DECEMBER 4, 2017

The units of measure of Value have several different names. Let's look at the measures for the Product or Service independently from its application in the business or fulfillment of the Mission. Here are definitions from "Technical Measurement," INCOSE-TP-2005-020-10. Measures of Performance.

2005 37

2005 Performance Measurement Closing Controlling 37

International Institute for Learning

OCTOBER 4, 2022

First, the definition of a project, as stated in PMI ® ’s PMBOK ® Guide, is: Project: A temporary endeavor undertaken to create a unique product or service. Because of the uniqueness characteristic of a project, it may be difficult to get people to agree on the definition of a project for comparison purposes.

Aerospace 59

Aerospace Underperforming Technical Team Governance Government 59

The IIL Blog

OCTOBER 17, 2023

Earned Value Management (EVM) A systematic approach to project performance measurement assessing schedule and cost performance. Project A project is something that has a definite start and end (i.e., Dependency Mapping Identifying and documenting the relationships and dependencies between project tasks or activities.

Development Team Review 148

Development Team Review Project Life Cycle Underperforming Technical Team Estimate 148

Herding Cats

JUNE 19, 2017

The Cone of Uncertainty as a Technical Performance Measure. The Cone of Uncertainty as a Technical Performance Measure. Technical Performance Measures are one of four measures describing how a project is making progress to plan. Measure of Effectiveness. Measure of Performance.

Technical Review 35

Technical Review Performance Measurement Underperforming Technical Team Estimate 35

The Strategic Project Manager

APRIL 22, 2022

Change management is by definition in the domain of implementation, so in that sense it is not strategic. Make sure people are doing what needs to be done to elevate performance, measure along the way, and make room for celebration of progress. I recommend these strategy resources (paid link): —————————————-.

Underperforming Technical Team 98

Underperforming Technical Team Leadership Performance Measurement Executing 98

Techno-PM

OCTOBER 20, 2020

Because the majority of projects have a list of requirements from numerous stakeholders, it’s important to document all areas to ensure nothing is missed and that all parties, including senior management, buy in to the goal.

Planning 41

Planning Controlling Defining Monitoring 41

ProProfs Project Management

APRIL 9, 2020

I would sacrifice my fingers if I try to write on hundreds of project performance indicators . So, keep these factors in mind, and you will definitely learn about project key performance indicators that matter for business growth. Another KPI for project performance measurement is NPS. Net Promoter Score (NPS) .

Monitoring 111

Monitoring Budget Closing Performance Measurement 111

Herding Cats

JANUARY 28, 2019

Definition. Performance Measures. Performance measures describe performance targets relevant to each objective. The terms in this diagram are. An organization’s mission is its primary business or purpose; it describes what an organization does, for whom, and its benefit.

2010 33

2010 Performance Measurement Influencer Initiating 33

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

ProProfs Project Management

JANUARY 21, 2020

Performance Measurement Baseline. This creates a point of comparison of all the other baselines to evaluate project performance. It is a crisp, clear statement that specifies what a specific task or activity is bound to accomplish. Optimistic Duration.

Underperforming Technical Team 111

Underperforming Technical Team Estimate Risk Management Defining 111

LiquidPlanner

MAY 9, 2017

Keep checking in with them and seeing if their definition of success has changed. People hold up Earned Value as the way to go for the ultimate in performance tracking, but it’s overkill for most projects. Then track your actual performance. Measure the difference between where you thought you’d be and where you actually are.

Performance Measurement 107

Performance Measurement Budget Closing Agile 107

Herding Cats

JULY 24, 2017

But there are reasons provided for this failure to reduce the uncertainty and then it's argued that the CoU is not valid while at the same time acknowledging the data may not be definitive and has direct causes for not being reduced inside a shrinking cone of uncertainty. Then there is some analysis.

2007 42

2007 2012 2006 2008 42

Project Pulse Journal

MARCH 7, 2024

Creating value from the project requirements, delivery of incremental and iterative results, and aligning with the definition of done mirrors how other parts of the business contribute to their respective value chain.

Governance 52

Governance Government Technical Review Sustainability 52

ExamsPM

JUNE 20, 2017

Combination of problem definition and decision making. There are different types of performance reports: Status report – this report describes where the project now stands regarding the performance measurement baseline. Trend report – examines project results over time to see if performance is improving or deteriorating.

Communications Management 31

Communications Management Technical Review Performance Measurement Influencer 31

Leading Agile

JULY 3, 2023

So you definitely can have that right. Also, review performance measures. Are you measuring output or input? Can we measure how well the system is designed to meet customer needs? So to have a co-located team of ten people, they just didn’t exist that were available for the project.

Software Review 124

Software Review Fractional CTO Technical Review Agile 124

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. Let's start with a definition.

Aerospace 41

Aerospace Engineering 2012 2014 41

Herding Cats

JANUARY 22, 2017

Here's a simple definition of the Cone of Uncertainty: . The Measure that is modeled in the Cone the variable is the Quantitative basis of a control process that establishes the goal for the performance measure. 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 27, 2017

This is the same olde problem we have with estimating definition if you don't define who the players are, assign their roles and responsibilities, then when you use a word it can pretty much mean anything your want it to mean. Here's some background on the definition of estimates, forecasts, and projections. Estimates are NOT Guesses.

Estimate 46

Estimate Software Review Underperforming Technical Team Technical Review 46

Herding Cats

FEBRUARY 4, 2017

Here's a simple definition of the Cone of Uncertainty: . The Cone of Uncertainty describes the evolution of the measure of uncertainty during a project. The Measures that are modeled in the Cone of Uncertainty are the Quantitative basis of a control process that establishes the goal for the performance measures.

Technical Review 28

Technical Review Estimate 2005 Software Review 28

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. Cone of Uncertainty definition (Wikipedia).

2010 28

2010 2007 Estimate Aerospace 28

Herding Cats

JANUARY 17, 2017

Here's a simple definition of the Cone of Uncertainty: . The Measure that is modeled in the Cone the variable is the Quantitative basis of a control process that establishes the goal for the performance measure. 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 9, 2018

In the project domain, an estimate is a calculated approximation of some desired measurement. This is usually a cost, a completion date, a performance measure used in a closed loop control system to keep the project GREEN while delivering the needed Capabilities to produce the Value for the customer at the needed time for the needed cost.

Underperforming Technical Team 44

Underperforming Technical Team Estimate 2003 Software Review 44

Herding Cats

DECEMBER 5, 2017

Definitive Descriptions of System Deliverables. Top Four Sources of Unfavorable Program Performance. So let's look at the principles, processes, and practices that will be in the White paper when it is complete. Here's the top-level outline: Principles for Increasing the Probability of Program Success. Risk-Adjusted Plans.

Aerospace 37

Aerospace Estimate Governance Government 37

Herding Cats

NOVEMBER 14, 2018

The ordinal risk values are then combined with additive weighting or by multiplication to compute an aggregate measure of overall risk. [1]. The Core Issue with Ordinal Measures . First some definitions and a prior post on The Story Point Problem. A Cardinal number says how many of something there is.

Technical Review 47

Technical Review 2010 2014 Software Developers 47

ProjectManager.com

APRIL 24, 2019

That includes action plans , internal controls, OKRs , performance measurements and corporate disclosures. How Does Corporate Governance Impact a Project’s Definition of Success? Roles in Corporate Governance.

Governance 271

Governance Government Influencer Executing 271

Scrum.org

FEBRUARY 25, 2024

Misaligned Incentives : Tying management incentives to traditional performance measures incompatible with Scrum or agile principles​​. Process: Fixed Scope and Deadlines : Insisting on fixed scopes and deadlines for projects, which conflicts with Scrum’s empirical process control​​.

SCRUM 178

SCRUM ChatGPT Technical Review Development Team Review 178

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

MPUG

APRIL 29, 2021

much planning as possible in advance definitely helps in making sure you’re effectively able to deliver the meeting. So, the next three consecutive webinar Wednesdays will be part of this three-part course, Project Performance Measurement. Kyle: And we have a course actually coming up on the schedule.

Technical Review 52

Technical Review Performance Measurement Software Review PMI 52

Rebel’s Guide to PM

JANUARY 15, 2018

Be Clear on Requirements and Confirm Performance Criteria. Requirements matched to agreed performance measurement criteria are a pair (or the same thing stated twice). Proven procedures and measurements to confirm their correct use are sometimes expressed in standards and regulations.

Prince2 265

Prince2 Technical Review Closing Defining 265

Rebel’s Guide to PM

SEPTEMBER 26, 2016

It covered identifying requirements, interconnecting tasks, resources, planned values, actual values, baselines, performance measures, forecast techniques and timesheets. Flexibility in a defined direction is important in the digital space because things are moving so quickly.

Software Review 150

Software Review Software Technical Review PMI 150