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., Risk Assessment An evaluation of potential risks to a project, including their probability and impact.

Development Team Review 148

Development Team Review Project Life Cycle Underperforming Technical Team Estimate 148

Herding Cats

FEBRUARY 12, 2018

Risk is the effect of uncertainty of objectives. In the context of risk management, uncertainty exists whenever the knowledge or understanding of an event, consequence, or likelihood is inadequate or incomplete ? ISO 31000:2009, ISO 17666:2016 and ISO 11231:2010 Risk is Uncertainty that Matters. Programmatic ?

Risk 39

Risk Technical Review 2009 2010 39

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

Herding Cats

APRIL 16, 2019

Business, Technical, Systems, Risk, and Project Management Briefings and Presentations. Project Performance Management (#PPM). Risk Management (#RM). Technical Performance Measures (#TPM). Business, Technical, Systems, Risk, and Project Management. Project Performance Management. Management Processes.

Technical Review 42

Technical Review Performance Measurement Underperforming Technical Team Governance 42

Project Pulse Journal

MARCH 7, 2024

Each knowledge area plays a role in value delivery by enabling effective project governance, resource management, risk mitigation, and stakeholder engagement. Organizations can optimize project performance and outcomes by integrating these functions into a cohesive framework.

Governance 52

Governance Government Technical Review Sustainability 52

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. But we view the transitioning risk template as proprietary knowledge not to be shared.”. Third, there is no uniform definition of success on a project. There are several types of benchmarking.

Aerospace 59

Aerospace Underperforming Technical Team Governance Government 59

ProProfs Project Management

JANUARY 21, 2020

Performance Measurement Baseline. This creates a point of comparison of all the other baselines to evaluate project performance. Risk is any positive or negative event that can affect project execution. Qualitative Risk Analysis. Quantitative Risk Analysis. Optimistic Duration. Stakeholder. Contingency Plan.

Underperforming Technical Team 111

Underperforming Technical Team Estimate Risk Management Defining 111

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

The Strategic Project Manager

APRIL 22, 2022

Often in this case, people do not have a sense of the big picture – for if they did, they would be clearer on risks, trends, and inevitabilities that could be at work and will eventually bring change. Change management is by definition in the domain of implementation, so in that sense it is not strategic.

Underperforming Technical Team 98

Underperforming Technical Team Leadership Performance Measurement Executing 98

Herding Cats

JUNE 19, 2017

The Cone of Uncertainty as a Technical Performance Measure. Uncertainty creates Risk. Risk management requires active reduction of risk. Active reduction requires we have a desired reduction goal, perform the work, and measure progress toward the rduction goal. Measure of Effectiveness.

Technical Review 35

Technical Review Performance Measurement Underperforming Technical Team Estimate 35

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

MPUG

JUNE 1, 2022

You have your integration, scope, schedule, cost, quality, resources, communications, risk, procurement, stakeholders, right? Jeff: You know, employees consistent risk evaluation. Then they talk about interactions with other performance domains. You’re like, where’s the risk register? Where is that?

PMI 59

PMI Software Review Estimate Risk Management 59

Herding Cats

JULY 17, 2017

There are several partitions of this information that are common in building the Performance Measurement Baseline (PMB). Since all projects operate in the presence of uncertainty, with the resulting risk - estimates are needed to make decisions that impact the future. A better definition is .

Estimate 34

Estimate Logistics Performance Measurement Governance 34

Rebel’s Guide to PM

SEPTEMBER 26, 2016

In parallel, organisations demand greater project collaboration capabilities to deal with more challenging projects and improved portfolio analytics to better manage portfolio risk but cannot find an all-in-one tool to satisfy all their needs. Integrating Project Management Information Systems in an Existing Environment.

Software Review 150

Software Review Software Technical Review PMI 150

Herding Cats

APRIL 30, 2019

Root Cause Analysis is Risk Management, that asks the question what is the condition or activity that will create a risk to the success of our project? What was the risk-adjusted date? To develop that schedule margin a risk model is needed. Risk Management is Project Management for Adults - Tim Lister.

Software Review 41

Software Review Technical Review Engineering 2018 41

Herding Cats

JANUARY 22, 2017

Aleatory and Epistemic uncertainties, which create the risk to the success of the project. Other uncertainties that create risk include: Unrealistic performance expectation with missing Measures of Effectiveness and Measures of Performance. Here's a simple definition of the Cone of Uncertainty: .

Technical Review 28

Technical Review 2005 Estimate Software Review 28

Epicflow Blog

OCTOBER 8, 2019

On the other hand, it’s quite difficult to retain all the definitions in memory and a good PM dictionary would be a lifesaver. . 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. Bar Chart

Software Review 45

Software Review Project Life Cycle Estimate Technical Review 45

Herding Cats

FEBRUARY 4, 2017

Aleatory and Epistemic uncertainties, which create the risk to the success of the project. Other uncertainties that create risk include: Unrealistic performance expectation with missing Measures of Effectiveness and Measures of Performance. Here's a simple definition of the Cone of Uncertainty: .

Technical Review 28

Technical Review Estimate 2005 Software Review 28

Epicflow Blog

OCTOBER 8, 2019

On the other hand, it’s quite difficult to retain all the definitions in memory and a good PM dictionary would be a lifesaver. . 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. Bar Chart

Software Review 40

Software Review Project Life Cycle Estimate Technical Review 40

Herding Cats

DECEMBER 5, 2017

Our topic is Increasing the Probability of Program Success Thorugh Continuous Risk Management. . Risk Management is How Adults Manage Projects. If you are not managing risk on your project, what are you managing? Risk-Adjusted Plans. Definitive Descriptions of System Deliverables. Inadequate Assessment of Risk.

Aerospace 37

Aerospace Estimate Governance Government 37

Herding Cats

OCTOBER 16, 2018

In ISO 15288 this is the role of the Risk Management Processes. A second Critical Success Factor is the ability to predict what will happen in the future given the model of the project's activities and risks and the alternative designed as well as emerging designs and external processes. . Let's start with a definition.

Aerospace 41

Aerospace Engineering 2012 2014 41

Herding Cats

NOVEMBER 14, 2018

Using this method, the performance, cost, time, and risks of alternatives can be articulated as ratios that can then be compared with one another. This decision model for software development projects addressed: performance, cost, time, and risk. Mathematically, the value equals performance over cost plus time.

Technical Review 47

Technical Review 2010 2014 Software Developers 47

Herding Cats

JANUARY 17, 2017

Aleatory and Epistemic uncertainties, which create the risk to the success of the project. Other uncertainties that create risk include: Unrealistic performance expectation with missing Measures of Effectiveness and Measures of Performance. Here's a simple definition of the Cone of Uncertainty: .

Technical Review 28

Technical Review 2005 Estimate Software Review 28

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

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. We need a formal risk management process.

2010 28

2010 2007 Estimate Aerospace 28

Workamajig

JANUARY 11, 2021

Accept: A response to a project risk where the project manager accepts the risk and takes no action to evade it, i.e. 'accepting' the risk. This is usually in case of risks that are unlikely to occur or minor enough so as to not affect the project's outcome. A project sponsor can request an audit.

Underperforming Technical Team 78

Underperforming Technical Team Project Life Cycle Estimate Risk Management 78

ExamsPM

JUNE 20, 2017

Combination of problem definition and decision making. Keeping open communication channels with the stakeholders is key so they can inform the project manager of potential changes, added risks, and other information. 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

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

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. IT Risk Management.

Estimate 46

Estimate Software Review Underperforming Technical Team Technical Review 46

Herding Cats

MARCH 30, 2019

The emphasis os Systems Management is on organizational skills, processes, and persistence Process definition and control are essential to effective, efficient, and consistent implementation. Without knowing what Done Looks Like, in units of Measures of Effectiveness and Measures of Performance.

Software Developers 39

Software Developers Software Development Agile Software 39

Herding Cats

JUNE 7, 2018

Risk interaction within systems and subsystems, between functional and physical elements, can also be modeled with DSM. DSM models interacting risks in a graphical representation produce numerical simulations of the risk and impacts on the probability of program success. Traditional risk models cannot model loops.

Underperforming Technical Team 32

Underperforming Technical Team SCRUM Software Engineering Risk Management 32

Herding Cats

NOVEMBER 29, 2017

Designing, building, testing, and deploying complex systems is fraught with risk. And as always risk comes from uncertainty. Much has been written about the sources of risk and how to Manage in the Presence of Uncertainty (This briefing describes how risk is managed for each element of the Integrated Master Plan). .

Planning 42

Planning Software Review Governance Government 42

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

JUNE 7, 2018

Risk interaction within systems and subsystems, between functional and physical elements, can also be modeled with DSM. DSM models interacting risks in a graphical representation produce numerical simulations of the risk and impacts on the probability of program success. Traditional risk models cannot model loops.

Underperforming Technical Team 28

Underperforming Technical Team SCRUM Software Engineering Risk Management 28