Herding Cats

OCTOBER 11, 2016

I work in the Software Intensive System of Systems domains in Aerospace, Defense, Enterprise IT (both commercial and government) applying Agile, Earned Value Management, Productive Statistical Estimating (both parametric and Monte Carlo), Risk Management, and Root Cause Analysis with a variety of capabilities.

Performance Measurement 28

Performance Measurement Aerospace 2006 Estimate 28

ProjectManager.com

SEPTEMBER 4, 2019

Some of those areas are integration management, project scope management, project cost management, project time management, project quality management, project communications management, project risk management, project procurement management and project stakeholder management. Therefore, a PMIS is so important.

Software Review 214

Software Review Project Life Cycle Closing Budget 214

ProProfs Project Management

MARCH 18, 2020

Planning includes creating strategies for managing, scope, schedule, cost, quality, resources, risk, communications, procurement and also making a plan for stakeholder engagement. . The activities are then sequenced, and the duration required for each activity is estimated. Risk : This is an integral part of planning.

Process 99

Process Project Life Cycle Development Team Review Risk Management 99

Project Pulse Journal

MARCH 7, 2024

For example, customer satisfaction is one measurement that a project and operation use to identify whether value is realized. Each knowledge area plays a role in value delivery by enabling effective project governance, resource management, risk mitigation, and stakeholder engagement.

Governance 52

Governance Government Technical Review Sustainability 52

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

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

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

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). Aleatory and Epistemic uncertainties, which create the risk to the success of the project. This is due to many reasons.

Technical Review 28

Technical Review 2005 Estimate Software Review 28

Herding Cats

DECEMBER 4, 2017

The technical measures are a set of attributes used to provide the supplier (developer) and the acquirer (customer) with insight into the progress of the definition and development of the technical solution, the ongoing assessment of the associated risks and issues, and the likelihood of meeting the critical objectives of the acquirer (customer).

2005 37

2005 Performance Measurement Closing Controlling 37

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). Aleatory and Epistemic uncertainties, which create the risk to the success of the project. This is due to many reasons.

Technical Review 28

Technical Review Estimate 2005 Software Review 28

Herding Cats

JANUARY 19, 2018

Have sufficient Contingent Budget and Management Reserve to cover the cost variances from the naturally occurring cost behaviors, event-based impacts on cost, or cover things that go wrong with the Risk Cost coverage. Have sufficient Technical Performance Measures margin to cover the required performance measure of the Capabilities.

Performance Measurement 31

Performance Measurement Estimate Finance Manufacturing 31

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). Aleatory and Epistemic uncertainties, which create risk to the success of the project. So the question is? -

Technical Review 28

Technical Review Software Review Underperforming Technical Team Risk Management 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). Aleatory and Epistemic uncertainties, which create the risk to the success of the project. This is due to many reasons.

Technical Review 28

Technical Review 2005 Estimate Software Review 28

Herding Cats

JULY 9, 2018

The development of the software and sometimes the development of the hardware is done in an agile manner, using one of several Agile development methods - SAFe, Scrum for example. Cost, Schedule, and these measures are tightly interconnected. No mandatory Effectiveness and Performance targets for success.

2001 31

2001 Software Estimate Performance Measurement 31

Herding Cats

FEBRUARY 9, 2018

If, for example, a project manager believes a member of his or her team is a fast and effective worker, each time that team member works fast and effectively or is told by a colleague about the work that has been done fast and effectively, the project manager will consider his or her belief to be well-founded.

Underperforming Technical Team 44

Underperforming Technical Team Estimate 2003 Software Review 44

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. But we view the transitioning risk template as proprietary knowledge not to be shared.”.

Aerospace 59

Aerospace Underperforming Technical Team Governance Government 59

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

Herding Cats

JULY 9, 2018

The development of the software and sometimes the development of the hardware is done in an agile manner, using one of several Agile development methods - SAFe, Scrum for example. Cost, Schedule, and these measures are tightly interconnected. No mandatory Effectiveness and Performance targets for success.

2001 28

2001 Software Estimate Performance Measurement 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

OCTOBER 28, 2016

In a recent Blog post titled Precision it is suggested Precision (or the implication thereof) is perhaps the root problem of most, if not all dysfunction related to estimation. . Estimates have precision and accuracy, but the reason for these unfavorable outcomes is not stated in the post. Yes, projects have uncertainty.

Estimate 28

Estimate Performance Measurement Information Technology Risk Management 28

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. . This is the desired outcomes model.

Aerospace 41

Aerospace Engineering 2012 2014 41

Wrike

MARCH 4, 2021

A digital marketing agency, for example, may work with consultants, freelancers, and other creative service providers to satisfy clients. . Estimating turnaround times. Reviewing performance . Risk mitigation. You must spell out performance measures in your contract so all vendors understand their responsibilities.

Performance Measurement 36

Performance Measurement Defining Monitoring Process 36

Wrike

JULY 1, 2020

For instance, attracting new talent, launching and executing training and development programs, completing annual performance and salary reviews are all projects that HR teams need to complete. Further examples of these projects are: Intern recruitment programs . Establishing productivity and performance measures for the team.

Underperforming Technical Team 36

Underperforming Technical Team Software Review Performance Measurement Executing 36

Herding Cats

SEPTEMBER 28, 2018

Regression Analysis by Example , Samprit Chatterjee and Ali S. This is found many times in project work around risk management and other performance measures that are ordinal rather than cardinal. Stuart Hunter - this is the book where Box states All Models are Wrong, Some are Useful.

Engineering 52

Engineering Performance Measurement Risk Management Risk 52

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

MindGenius

JUNE 26, 2019

PRINCE2, NVP, Analogous Estimating etc. For example, suppliers, employees and customers. Risk Management Process Risk Management is the forecasting and evaluation of the risk that is associated with a project together with the identification of the procedures to avoid or minimise its effect on the project.

Risk Management 28

Risk Management Prince2 Risk Controlling 28

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

Herding Cats

MARCH 11, 2018

Take for example the deployment of an ERP system, the installation, and startup of a process control system, the release of a suite of embedded software controllers for a car, aircraft, petrochemical plant. Now To Risk Management. Risk is the effect of uncertainty of objectives.

Software Developers 34

Software Developers Software Development Risk Management Risk 34

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. Actual dates are different from planned or estimated dates.

Underperforming Technical Team 78

Underperforming Technical Team Project Life Cycle Estimate Risk Management 78

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 was the risk-adjusted date? Applying them may have been the problem.

Software Review 41

Software Review Technical Review Engineering 2018 41

Epicflow Blog

OCTOBER 16, 2023

” 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. Carrying an Umbrella (Risk Buffer).

2016 52

2016 Monitoring Risk Management Healthcare 52

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 risk management. Examples of PMIS. Project initiation phase.

Software Review 36

Software Review Estimate Budget Monitoring 36

Herding Cats

JANUARY 23, 2018

The goal of every program manager is to have a set of practices that connect all the programmatic planning, risk, and performance information in a single unified view needed to support the decisions that increase the probability of success of any project or program. Cost is measured in dollars and schedule is measured in time.

Technical Review 44

Technical Review Performance Measurement Engineering Estimate 44

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

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

APRIL 5, 2016

Let's look at one example. 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. IT Risk Management. Risk Management is How Adults Manage Projects. Let's look at Hayek's paper. "

Software Developers 28

Software Developers Software Development Software Review Software 28

Herding Cats

JUNE 7, 2018

50], [397] DSM relates entities with each other in ways schedules cannot, for example, the tasks that constitute a complete program. Risk interaction within systems and subsystems, between functional and physical elements, can also be modeled with DSM. An example of a DSM Di-Graph is. Traditional risk models cannot model loops.

Underperforming Technical Team 32

Underperforming Technical Team SCRUM Software Engineering Risk Management 32