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

JULY 5, 2022

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. A financing plan will have to be created, estimating the overall cost of each project.

Planning 327

Planning Finance Underperforming Technical Team Software Review 327

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. As you can imagine, these intangible costs will prove far more difficult for you to estimate as you build a budget for your project.

Construction 313

Construction Certification Software Review Project Life Cycle 313

Rebel’s Guide to PM

AUGUST 29, 2021

The causes of risk vary by project, but the need to identify it is a constant where a project manager adds value. It’s our job to facilitate the discussion and extract those risks so they can be actively managed: that’s the risk management process. Plus, there should be a business case for the project! Poor estimating.

Risk 320

Risk Technical Review Risk Management Estimate 320

ProjectManager.com

JANUARY 10, 2024

However, problems occur when requests are submitted without a standardized process. To avoid that, you need an intake process. A project intake process is beneficial for an organization. We’ll explain why as well as what to look out for when evaluating those project requests. What Is the Project Intake Process?

Process 350

Process PMO Software Review Estimate 350

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

But more than that, it then translates those columns of numbers into a visual timeline that you can color code to make it easy to see the different stages of your manufacturing process. The Gantt chart is the cornerstone of any project schedule. What you get is a high-level view of your manufacturing process whenever you want it.

Manufacturing 324

Manufacturing Software Review Risk Management Underperforming Technical Team 324

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

Henny Portman

DECEMBER 7, 2021

E.g., resource management is broken down into the key components resource management planning, resource estimation, resource acquisition, team development and team management. worth mentioning is the complementary Project Portfolio Management Maturity Model (PPMMM) in appendix B.

PMO 119

PMO Governance Government Risk Management 119

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

Velociteach

APRIL 11, 2023

Regardless of the format, articulating the project’s intent is invaluable and harder than expected. Developing the charter often requires negotiating with stakeholders to align their support for the project. Including the project manager early in the process is advantageous. Risk management is an ongoing process.

Underperforming Technical Team 77

Underperforming Technical Team Risk Management Estimate Risk 77

Project Pulse Journal

MARCH 7, 2024

You will confidently align projects with organizational objectives, optimize resource utilization, and foster stakeholder engagement to deliver tangible value at every stage of the project lifecycle. Organizations can optimize project performance and outcomes by integrating these functions into a cohesive framework.

Governance 52

Governance Government Technical Review Sustainability 52

nTask

MAY 5, 2021

Cost benefit analysis is also known as benefit cost analysis or CBA for short is a business process to help evaluate decisions. This analysis is a process that allows you to more easily analyze decisions , projects, or systems. Usually, costs are easy to estimate and quantify. Sign up today!

Risk Management 136

Risk Management Estimate Risk Finance 136

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

Herding Cats

APRIL 14, 2018

Software engineering economics is a topic that addresses the elements of software project costs estimation and analysis and project benefit-cost ratio analysis. As well, these costs and the benefits from expending those costs produce tangible and many times the intangible value.

Process 45

Process Estimate Software Developers Software Development 45

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

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

MPUG

JUNE 19, 2023

At the start of a project, we make our best educated guesses and assumptions, some of which we know will be incorrect. Through the process of doing the work, we learn more about the subject of our work and the processes we employ for our project objectives. Address any concerns or questions raised during this process. 

Development Team Review 52

Development Team Review Software Review Risk Management Budget 52

Project Bliss

FEBRUARY 21, 2018

You expect them to occur during the project. That’s why it’s important to go through the process of identifying your project assumptions. Why It’s Important to Identify Project Assumptions. Resources – people, materials, or facilities needed to complete the project. Categories.

Technical Review 208

Technical Review Software Review Finance Monitoring 208

Herding Cats

NOVEMBER 21, 2018

Since each of these elements operates in the presences of reducible (Epistemic) and irreducible (Aleatory) uncertainties, estimates are needed to make any credible decisions. . Software Project Cost Estimation . There are numerous horror stories about software development cost and schedule overruns.

Software Developers 60

Software Developers Software Development Software Finance 60

Epicflow Blog

DECEMBER 1, 2022

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: . it increases the efficiency of the project management process. . The main functions of a WBS are as follows: .

Risk Management 52

Risk Management Risk Initiating Monitoring 52

Techno-PM

AUGUST 9, 2021

What are the fundamentals of Project Planning and Management? These can include investors, sponsors, government regulators, customers, top management teams, and so on. Project Lifecycle A project generally goes through five phases, as follows: Download Project Management Templates!

Monitoring 69

Monitoring Risk Management Defining Executing 69

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 73

Project Cost Prince2 Budget Governance 73

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. The Scope of this project was massive. Estimates put the workforce at up to 40,000 people at the height of construction.

Sustainability 98

Sustainability Underperforming Technical Team Construction Certification 98

Velociteach

MARCH 4, 2024

I designed processes that were certainly not used as we had hoped. And I was sort of pulled into important people’s offices, and I was patted on the back and got a “Well done, Rasmus, and off you go to your next project.” Why Projects Fail to Deliver? That’s sort of covering all types of projects. Well, so far, so good.

Consulting 59

Consulting Initiating Process Estimate 59

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

Teamweek

SEPTEMBER 9, 2019

Try doing that in project management and you’ll soon realize that you’re in the wrong profession. All projects are governed by hard rules like scope, deadlines, and budget. If your budget is $50,000 and you’re well into the project, it probably is. The typical project baseline has three elements: Schedule Cost Scope.

Underperforming Technical Team 40

Underperforming Technical Team Estimate Budget Monitoring 40

Herding Cats

MARCH 11, 2017

What happens if you shift focus from "accurate estimation" to "reliably shipping by a date"? . This quote demonstrates a lack of understanding of making decisions in the presence of uncertainty and the processes and events that create uncertainty. All project work has uncertainty. All estimates have precision and accuracy.

2003 46

2003 2014 2015 2011 46

Herding Cats

JULY 8, 2018

One of the books used by a vocal No Estimates advocate is Black Swans by Nassim Taleb. They are not the same, the processes of decision making are not the same. What struck me was how disconnected Taleb is from the profession of project management. The No Estimates advocates have a similar set of behaviors.).

2002 34

2002 2008 Technical Review Software Review 34

Herding Cats

AUGUST 12, 2016

Unrealistic Cost and Schedule estimates based on inadequate risk adjusted growth models. Before diving into the details of these, let me address another issue that has come up around project success and estimates. All that line says is this was the baseline estimate at Completion for the project work.

Technical Review 28

Technical Review Estimate 2003 Aerospace 28

Herding Cats

JULY 8, 2018

One of the books used by a vocal No Estimates advocate is Black Swans by Nassim Taleb. They are not the same, the processes of decision making are not the same. What struck me was how disconnected Taleb is from the profession of project management. The No Estimates advocates have a similar set of behaviors.).

2002 28

2002 2008 Technical Review Software Review 28

Planio

MARCH 11, 2024

Project management is a risky business. Whether you’re launching a new product, migrating an IT server, or remodeling an operational process, project uncertainty contributes to 66% of projects failing (or partially failing) every year. Stronger communication and clearer expectations.

Risk 88

Risk Technical Review Risk Management Budget 88

PM That Works

NOVEMBER 12, 2019

During the budgeting process usually the year before an idea for a project is suggested. Then this idea goes through some cycles and an estimated budget gets placed on the project list for the coming year. When the project is kicked off, the budget is set to the estimated budget. Enter Net Operating Value.

Project Cost 40

Project Cost Budget Estimate Governance 40

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) ? A Risk Management Methodology for Project Risk Dependencies,” Tak Wah Kwan and Hareton K.N., Estimation of Long?Term reducible and irreducible ?

Risk Management 38

Risk Management Risk Technical Review 2002 38

Herding Cats

MAY 11, 2019

Let's start with a critical understanding of the purpose of managing risk on software development projects. Information about key project cost, (technical) performance and schedule attributes is often uncertain or unknown until late in the program. requires making estimates) ? Estimation of Long?Term 3, March 2002.

Risk Management 35

Risk Management Risk Technical Review 2002 35

Herding Cats

APRIL 16, 2019

Business, Technical, Systems, Risk, and Project Management Briefings and Presentations. Management Processes (#MP). Project Performance Management (#PPM). Agile Project Management (#APM). Cost, Schedule, and Technical Performance Management (#CSTPM). Governance (#Governance). Management Processes.

Technical Review 42

Technical Review Performance Measurement Underperforming Technical Team Governance 42

Workamajig

JANUARY 11, 2021

This is usually in case of risks that are unlikely to occur or minor enough so as to not affect the project's outcome. Acceptance Criteria: A set of formal requirements that a project must pass before it can be accepted by the project sponsors. Actual dates are different from planned or estimated dates.

Underperforming Technical Team 78

Underperforming Technical Team Project Life Cycle Estimate Risk Management 78