Project Bliss

MARCH 20, 2021

Project Bidding Issues. Accurately estimating project costs for bidding is important for landing the project and making it profitable. Much of a project’s profitability A whole 80 percent of the project profitability is determined at the bid stage, and more than half of all projects do not deliver to plan.

Governance 266

Governance Government Finance Software Review 266

ProjectManager.com

JANUARY 23, 2024

These responsibilities usually fall under the purview of a project management office (PMO) and can be facilitated by using project management software. ProjectManager is award-winning project management software that gives you the project management tools you need to improve processes.

Underperforming Technical Team 337

Underperforming Technical Team Risk Management Software Review Budget 337

ProjectManager.com

JULY 5, 2022

Can project management software facilitate this work? A capital improvement plan (CIP) is used by organizations to make smart budgeting decisions on which large projects or purchases to pursue. This is a tool used more often by public entities such as local governments for major public expenditures.

Planning 329

Planning Finance Underperforming Technical Team Software Review 329

ProjectManager.com

JANUARY 27, 2022

Some refer to these as brick-and-mortar costs, because these costs include the structure, construction site and landscape. When it comes to budgeting, hard costs are easier to estimate. Being able to track your resources is how you keep to your budget, and project management software helps monitor costs.

Construction 315

Construction Certification Software Review Project Life Cycle 315

Teamweek

AUGUST 25, 2023

All projects are governed by basic constraints like scope, deadlines, and budget, which are part of a project baseline. Without a baseline, you don’t have a project. Schedule baseline: includes the project’s timeline , start and end dates, milestones, and overall project duration.

Estimate 98

Estimate Software Review Monitoring Project Cost 98

ProjectManager.com

OCTOBER 18, 2022

You can see the percentage complete of all tasks in your schedule, your team’s workload, the length of tasks and even project costs. Use it with a scheduler and budget to develop a well-rounded project plan that keeps you on track. ProjectManager is online software that tracks your team’s workload in real time.

Manufacturing 326

Manufacturing Software Review Risk Management Underperforming Technical Team 326

Herding Cats

NOVEMBER 27, 2016

An Estimate is a value inferred for a population of values based on data collected from a sample of data from that population. The estimate can also be produced parametrically or through a simulation (Monte Carlo is common, but Method of Moments is another we use). . Estimates can be about the past, present, or future.

Estimate 36

Estimate 2015 2017 Governance 36

Herding Cats

NOVEMBER 21, 2018

This, of course, is a violation of the principles of Managerial Finance and Microeconomics of software development in the presence of uncertainty and scarce resources. Here are the moving parts of any project that intends to make money from the cost invested to produce a product or service. Software Project Cost Estimation .

Software Developers 60

Software Developers Software Development Software Finance 60

The IIL Blog

OCTOBER 17, 2023

Benchmarking Identifying a project performance indicator or practice, then assessing it against industry standards or best practices. Bottom-up Estimating A project estimation technique that leverages tactical-level team members/subject matter experts (SMEs) to break down tasks into smaller components to create a more accurate estimate.

Development Team Review 148

Development Team Review Project Life Cycle Underperforming Technical Team Estimate 148

Teamweek

SEPTEMBER 7, 2023

Break the project down into tasks: Use a Work Breakdown Structure to make the project more manageable. Estimate a project timeframe: Create time estimates for each task. Similar past projects can help you here as a reference. Calculate project costs: Work out other costs for the project.

Estimate 52

Estimate Web Development Controlling Construction 52

ProjectManager.com

JANUARY 10, 2024

Having a single entry point for these requests is the best way to capture key information and fully understand the costs, benefits and impact of the request before committing to it. PMOs can use project management software to review and decide on whether to accept, reject or defer the request.

Process 351

Process PMO Software Review Estimate 351

MPUG

APRIL 2, 2024

In this way, the construction of the pyramids was a complex project that required careful management in order to be successful. Project Management as a Profession As a Profession , it has its roots in the 1950s and 1960s when the U.S. government began using it to manage complex defense projects.

Certification 52

Certification PMI Logistics Construction 52

Project Bliss

FEBRUARY 21, 2018

Budget – estimated cost of the project. Finances – funding to complete the project. Schedule: tasks, durations, and dependencies needed to complete the project. Methodology – the approach you’ll take to completing the project. Delivery: Project servers arrive configured as expected.

Technical Review 208

Technical Review Software Review Finance Monitoring 208

Strategy Execution | PMO Perspectives

MAY 28, 2020

And of course, for our projects and our organisations, we don’t have Governments to bail us out. We do not have the luxury of throwing resource at projects and simply hoping that in the future people will look back and say, ‘what a great project that was’! Schedule and Cost Control Starts with Good Estimates.

Controlling 59

Controlling Estimate 2014 Underperforming Technical Team 59

International Institute for Learning

APRIL 5, 2023

COSTLY IMPLEMENTATION One of the biggest challenges facing organizations in the implementation of AI will be the implementation cost. Experts in AI estimate that the implementation cost in some organizations could conceivably be in the millions of dollars. System support will be needed on a continuous basis.

Artificial Inteligence 59

Artificial Inteligence Underperforming Technical Team Technical Review PMO 59

MPUG

JUNE 19, 2023

Resource Allocation If there are changes in the availability, capacity, or allocation of project resources, a change order may be required. This can include modifications to the workforce, equipment, materials, or subcontractors involved in the project. Add or remove team members and adjust their work hours or effort estimates.

Development Team Review 52

Development Team Review Software Review Risk Management Budget 52

Epicflow Blog

DECEMBER 1, 2022

At the same time, it’s not imperative to write all of these plans – be guided by the needs of a project. . A project plan is based on a project charter, historical data and lessons learned, templates, and industry (or government) standards. . Creating a project management plan is important because: .

Risk Management 52

Risk Management Risk Initiating Monitoring 52

Online PM Courses

SEPTEMBER 3, 2018

Project Cost Management often puts people off. But there’s little your project sponsor, your client, or their Finance Director care about more than your budget and how closely you can stick to it. Project cost over-runs are common. The governance considerations for project cost management.

Project Cost 75

Project Cost Prince2 Budget Governance 75

Herding Cats

APRIL 14, 2018

Software development is a Value Creaton activity, but Value cannot be determined unless we know the cost to produce that value and when that value will be available for use by those who of paid for that Value. For software development, those scarce resources are people, time, and money. Software development is Micro, not Macro.

Process 45

Process Estimate Software Developers Software Development 45

Herding Cats

MARCH 11, 2017

What happens if you shift focus from "accurate estimation" to "reliably shipping by a date"? . If your project has no uncertainty, there is no need to estimate. Turns out in the real world there is no such project. All estimates have precision and accuracy. First, let's establish a principle.

2003 46

2003 2014 2015 2011 46

Velociteach

SEPTEMBER 18, 2023

in sustainable development and environment, and he has over 25 years of experience in various areas of project management including government, finance, consulting, manufacturing, and education. He goes, “Well, I’m a project manager, but I work in agile. We develop software for the airline industry.” And as for cost!

Sustainability 98

Sustainability Underperforming Technical Team Construction Certification 98

Rebel’s Guide to PM

SEPTEMBER 3, 2021

There are two types of contingency typically used on projects: Budget contingency: Additional funding to deal with problems, realized risks relating to a specific event Schedule contingency: A buffer of extra time in case of schedule delays (not that you would ever pad your estimates?). Cost Baseline available through PMIstandards+ ).

Technical Review 297

Technical Review Software Review Estimate Risk Management 297

Herding Cats

JULY 8, 2018

One of the books used by a vocal No Estimates advocate is Black Swans by Nassim Taleb. This advocate continually confuses Macroeconomics of financial markets and sovereign finance with Microeconomics of software development. What struck me was how disconnected Taleb is from the profession of project management.

2002 34

2002 2008 Technical Review Software Review 34

Herding Cats

JULY 8, 2018

One of the books used by a vocal No Estimates advocate is Black Swans by Nassim Taleb. This advocate continually confuses Macroeconomics of financial markets and sovereign finance with Microeconomics of software development. What struck me was how disconnected Taleb is from the profession of project management.

2002 28

2002 2008 Technical Review Software Review 28

Herding Cats

MAY 10, 2019

Information about key project cost, (technical) performance, and schedule attributes is often uncertain or unknown until late in the program. requires making estimates) ? Management of Novel Projects Under Conditions of High Uncertainty,” A. “A IEEE Transactions on Software Engineering , Vol. 3, March 2002.

Risk Management 38

Risk Management Risk Technical Review 2002 38

Herding Cats

MAY 11, 2019

This blog page is dedicated to the resources used to manage the risk encountered on software-intensive systems using traditional and agile development methods. Let's start with a critical understanding of the purpose of managing risk on software development projects. requires making estimates) ? 5, September/October 2011.

Risk Management 35

Risk Management Risk Technical Review 2002 35

Teamweek

NOVEMBER 9, 2022

Before choosing a specific tool though, you need to decide on the type of project management software you need. And choosing from the many different project management software types can be quite a challenge. Types of project management software based on the use case. Project and resource planning software.

Software Review 52

Software Review Software Technical Review Construction 52

Herding Cats

APRIL 16, 2019

Here's a collection of presentations, briefings, papers, essays, book content used to increase the Probability of Project Success (PoPS) I've written and applied over my career in the software-intensive system of systems and other domains. Cost, Schedule, and Technical Performance Management (#CSTPM). Governance (#Governance).

Technical Review 42

Technical Review Performance Measurement Underperforming Technical Team Governance 42

Herding Cats

MARCH 11, 2018

Microeconomics is applicable to the development is software systems. If we look at the discipline of software engineering, we see that the microeconomics branch of economics deals more with the types of decisions we need to make as software engineers or managers. Software engineering economics." Macroeconomics is not. .

Software Developers 34

Software Developers Software Development Risk Management Risk 34

Herding Cats

MAY 7, 2019

This blog page is dedicated to the resources used to estimate software-intensive systems using traditional and agile development methods. Cost Modeling Agile Software Development,” Maarit Laanti and Petri Kettunen, International Transactions on Systems and Applications, Volume 1 Number 2, pp.

Estimate 40

Estimate Software Review Software 2012 40

Project Bliss

MARCH 27, 2017

Functional requirements explain what your software must do and the steps to carry out that activity. To find out more detail about the requirements process, you can read my post on Software Project Requirements 101: What You Need to Know To Get You Started. Identifying activities, dependencies, sequencing, and time estimates.

Software Review 235

Software Review Underperforming Technical Team Risk Management Executing 235

Workamajig

JANUARY 11, 2021

Actual dates are different from planned or estimated dates. Actual Effort: The actual effort spent to complete the activity, as opposed to the planned or estimated effort. Actual Expenditure: The actual expenditure spent to complete the activity, as opposed to the planned or estimated expenditure.

Underperforming Technical Team 78

Underperforming Technical Team Project Life Cycle Estimate Risk Management 78

Scoro

APRIL 26, 2022

Project management using the right software is a big step toward achieving results. Rates for using this software vary with every plan. Workamajig is generally designed for creative agencies and is unique because it automatically creates a working schedule once the project details are fed to its templates. Top features.

Software Review 52

Software Review Finance Estimate Budget 52

Herding Cats

FEBRUARY 23, 2016

The conjecture that we can make decisions in the presence of uncertainty without estimating the impacts of those decisions is without any principles that can be tested beyond personal anecdotes of I know people who spend other peoples money without providing estimates. Not a group that likes to get questions, by the way.

Estimate 39

Estimate Risk Management Finance Software Developers 39

Herding Cats

JANUARY 23, 2019

There's been a rash of conjectures about all kinds of bad business, project, and software development (agile and traditional) management ideas of late. This also meant developing software systems to support this effort. Rarely are software engineers working on science experiments. For software development starts with.

Estimate 37

Estimate Technical Review Underperforming Technical Team Software Review 37

Herding Cats

FEBRUARY 9, 2019

There's been a rash of conjectures about all kinds of bad business, project, and software development (agile and traditional) management ideas of late. This also meant developing software systems to support this effort. 40 - Estimation is a Problematic Practice of Companies Doing Dangerous Things.

Estimate 42

Estimate Technical Review Underperforming Technical Team Software Review 42

Herding Cats

AUGUST 22, 2018

There's been a rash of conjectures about all kinds of bad business, project, and software development (agile and traditional) management ideas of late. This also meant developing software systems to support this effort. And, my customer is equally as clueless about the need to estimate as I am. I suspect the latter. .

Estimate 35

Estimate Underperforming Technical Team Technical Review Software Review 35