Remove Estimate Remove Finance Remove Manufacturing Remove Performance Measurement
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4 Fallacious Reasons to Estimate and Why Those Are Fallacious

Herding Cats

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.

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Fallacy of the Week

Herding Cats

Have sufficient Technical Performance Measures margin to cover the required performance measure of the Capabilities. You can't make decision in the presence of uncertainty without making estimates about those decisions. Manage risk, estimate, manage other people's money like an adult. Related articles.

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Misquotes of Deming

Herding Cats

It is wrong to suppose that if you can’t measure it, you can’t manage it – a costly myth. This is used in support of the fallacy that estimates aren't needed to make decisions in the presence of uncertanty. Technical Performance Measures. Architecture -Center ERP Systems in the Manufacturing Domain.

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Start with Principles, Not Personal Anecdotes

Herding Cats

I've seen estimates abused by bad managers, so let's NOT estimate and that will fix the behavior of Bad Managers." While the human behaviors are real and observable, conjecturing that decisions can be made in the presence of uncertainty without estimating the outcome of those decisions, there is no principle to support that conjecture.

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Systems Engineering and Software Intensive System of Systems

Herding Cats

Finance, social, political. Technical Performance Measures. Estimating Guidance. Architecture -Center ERP Systems in the Manufacturing Domain. This is a good start, but it needs to produce actionable outcomes , not just principles, but practices and processes. The Use, Misuse, and Abuse of Complexity and Complex.

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Fighting Uncertainty in Organizations, Including Matrix Ones

Epicflow Blog

” 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. Beyond just time, buffers can cover finances, manpower, and more.

2016 52
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Complete Collection of Project Management Statistics 2015

Wrike

Manufacturing. Business services (2 million jobs) and Manufacturing (630,000 jobs) supported the greatest number of project management roles in 2010. Estimated Project-Oriented Job Openings 2010-2020: . Popularity by Industry: Finance – 87%. Manufacturing – 66%. Finance – 93%. Manufacturing – 78%.

2015 60