Remove Estimate Remove Governance Remove Performance Measurement Remove Strategy

How to Talk About Estimates

Herding Cats

What is an estimate? An estimate as a noun is an approximate calculation or judgment of the value, number, quantity, or extent of something. An estimate as a verb is to roughly calculate or judge the value, number, quantity, or extent of. But those estimates, nouns, and verbs themselves's have other attributes. Every month there is a Month End reports, both showing cumulative cost to date, cumulative schedule performance, and Physical Percent Complete.

A Compendium of Works to Increase the Probability of Project Success

Herding Cats

Project Governance. Integrated Master Plan: The Foundation of Program Success , College of Performance Management, May 21, 2014. The Nine "I's" of Program Success ," College of Performance Management. Forming, Storming, Norming, Performing, and Adjourning. Project Performance Management. Connecting the 5 Principles and 5 Practices of Performance-Based Project Management ® To Increase the Probability of Project Success. Technical Performance Measures.

2008 45
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Compendium of Works to Increase Probability of Project Success

Herding Cats

Project Performance Management (#PPM). Technical Performance Measures (#TPM). Cost, Schedule, and Technical Performance Management (#CSTPM). Governance (#Governance). Strategy (#Strategy). The overarching theme is focused on defining what Done looks like, assessing progress toward Done in units of measure meaningful to the decision makers. Those units always start with Measures of Effectiveness and Measures of Performance.

2019 37

Increasing the Probability of Project Success

Herding Cats

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. Hope is not a Strategy. Capabilities Earned Value Estimating Governance Management Performance-Based Project Management® Principles Requirements Risk Root Cause Analysis Technical Performance Measures

2017 69

Deconstructing the Hertz and Accenture Debacle

Herding Cats

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. It assessed the current state of its e-commerce activities, defined goals, and strategy for its digital business, and developed a roadmap that would allow Hertz to realize its vision. Were there: Measures of Effectiveness.

2019 36

INVEST, Scrum and Enterprise IT

Herding Cats

Cohesion is the measure of how well module fits together. The component may be performing more than one function. Informational cohesion: performs a number of functions, each with its own entry point, with independent code for each function, all performed on the same data structure. In the presence of uncertainty, estimates is needed to make decisions. The term INVEST is an acronym for good User Stories. I ndependent (of all others).

2018 31

INVEST, Scrum and Enterprise IT

Herding Cats

Cohesion is the measure of how well module fits together. The component may be performing more than one function. Informational cohesion: performs a number of functions, each with its own entry point, with independent code for each function, all performed on the same data structure. In the presence of uncertainty, estimates is needed to make decisions. The term INVEST is an acronym for good User Stories. I ndependent (of all others).

2018 28

Risk Management in Five Easy Pieces, with Apologies to Jack

Herding Cats

Managing Cost, Schedule, & Technical Performance Risk Is The Basis Of Good Project Management. Certain information about key project cost, performance, and schedule attributes are often unknown until the project is underway. Hope is Not a Strategy. The Plan for the project is the Strategy for its successful completion. What are the “units of measure” for this increasing maturity? No Point Estimate of Cost or Duration can be Correct.

2017 37

Connecting "What" with "How" - and the Failure to Understand the Principles of Systems Engineering and Systems Management

Herding Cats

Progress and Value are measured with the same in Earned Value Management. 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 effectiveness. The Measures of Performance are. Key Performance Parameters.

2018 31

Five Immutable Principles of Project Success

Herding Cats

Without these measures, Done will usually mean . Without these measures, Done will usually mean we ran out of time and money. . Plans are strategies for success. Strategies are hypotheses. The test of the hypothesis for projects are the Measures of Effectiveness, Measures of Performance, Key Performance Parameters, and techTechnicalformance Measures used to assess progress to plan for the project. No Estimating?

2017 35

Biases in Project Management and How to Remove Them

Herding Cats

There is always lots of complaining about the biases introduced into managing projects and making the estimates needed to make project decisions. What dos Done look like in units of measure meaningful to the decision makers? What Impediments will be encountered along the way to Done and what are the handling strategies for each impediment?

Integrated Master Plan - Revisited

Herding Cats

Plans are Strategies. A Strategy is a Hypothesis. The role of the Integrated Master Plan is to provide the Strategy for the successful completion of the program. Transparent – Comprehensible display of what needs to be done and how completion is measured. It is essential that the IMP represent the work that must be performed. The IMP shows the Accomplishments and the measures of Accomplishments that are essential to get through a design review.

2017 37

Closed Loop Control and Granularity of the Estimating Process

Herding Cats

For software, this can be value produced (assuming we have a unit of measure for that value in the for of effectiveness, performance, key performance parameters, or technical performance measures ). For your Honeywell or Nest controller on the wall, that sample rate is measured in seconds. It can be the cost, schedule, and technical performance measures of the software project. Hope is not a Strategy.

What's Missing from the Agile Software Development Paradigm

Herding Cats

The customer is accountable for knowing what Done Looks Like (in Unity of measure meaningful to their domain). The results include system-level qualities, properties, characteristics, functions, behavior, and performance. Systems Engineering assess the processes for achieving stakeholder functional, physical, and operational performance requirements in the intended use environment over the planned life of the system within cost, schedule, and internal and external constraints.

Project Management Process: The Basics

Clarizen

Monitoring & Controlling : processes required to track, assess, and regulate project performance and progress, as well as identify and initiate changes as necessary. . It also ensures that project selection aligns with overall organizational strategy. Work performance data.

Microeconomics and Risk Management in Decision Making for Software Development

Herding Cats

When we hear about software development disasters and then hear that estimates are to blame, and NOT Estimating will somehow reduce or prevent these disasters, think again. Each of the categories operates in the presence of uncertainty and requires that estimates be made about the probability, conseqeunce of the resutling risk. risks that may prevent the end item from performing as intended or not meeting performance expectations.

2007 32

The Complete Glossary of 614 Project Management Terms

Workamajig

Each 'activity' is the smallest unit of work that can be performed within the scope of the project. Actual Cost of Work Performed: The total cost of work performed during any given period of time. Actual dates are different from planned or estimated dates.

2021 78

Complete Collection of Project Management Statistics 2015

Wrike

80% of “high-performing” projects are led by a certified project manager. [4]. 89% of high-performing organizations value project management, 81% actively engage sponsors, 57% align projects with business strategy. [6]. More than 90% of organizations perform some type of project postmortem or closeout retrospective. [9]. How Project Success is Measured: 20% — Satisfied stakeholders. Government – Federal. Government – City/State/Local.

2015 49