Phrases Used for Technical Performance Measures

Herding Cats

All project progress is measured independent of resources expended - Mr. Gary Bliss, Director Performance Assessment and Root Cause Analysis (PARCA), US Department of Defense. Budget control is mandatory for any credible management of other peoples money.

Project Management, Performance Measures, and Statistical Decision Making

Herding Cats

There is a current rash of suggestions on how to improve the performance of software projects. This is from one of our presentations from a International Cost Estimating and Analysis Association meeting on the same topic. GAO cost estimating and assessment guide.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

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. Estimates. IT Risk Management.

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.

A Compendium of Works to Increase the Probability of Project Success

Herding Cats

Business, Technical, Systems, Risk, and Project Management. Managment Processes. Nine Best Practices of Project Management , Software Program Managers Network (SPMN). Top Habits of Successful Project Managers. Ten Rules for Common Sense Program Management.

2008 59

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. Risk management is essential to the success of any significant project. These risks can be mitigated with a good risk management process.

Risk 48

Increasing the Probability of Project Success

Herding Cats

and the connections between each Process are made to form a Closed Loop control systems needed to manage any project. These charts are an extract from the book Performance-Based Project Management: Increasing the Probability of Project Success and the abstracted training materials Handbook.

2017 90

What is an Estimate? What is Estimating?

Herding Cats

I work in a domain where estimates are made every single week. Estimate to Complete (ETC), Estimate at Completion (EAC), Estimated Completion Date (ECD) are the life blood of our software intensive system of systems programs. But Estimating is NOT Guessing.

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. Were there: Measures of Effectiveness.

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

Herding Cats

Systems engineering is an interdisciplinary field of engineering and engineering management that focuses on how to design and manage complex systems over their life cycles. Progress and Value are measured with the same in Earned Value Management.

Risk Management is How Adults Manage Projects

Herding Cats

In a recent exchange in social media, it was clear the notion of risk and the sources of risk, the consequences or risks and managing in the presence of risk was in very unclear, when it was conjectured , we can simply slice the work into small bits and REDUCE risk. .

2003 49

Definition of Done

Herding Cats

These Measures have Little meaning to the Decision Makers. Do those capabilities meet the Measures of Performance that characterize physical or functional attributes relating to the system operation, measured or estimated under specific conditions?

2017 49

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. The first step is to recognize there are immutable principles of managing in the presence of uncertainty.

Integrated Master Plan - Revisited

Herding Cats

Designing, building, testing, and deploying complex systems is fraught with risk. And as always risk comes from uncertainty. What About the Plan to Manage in the Presence of Uncertainty . Traceable – Aligns with other program management artifacts. IT Risk Management.

Increasing the Probability of Program Success

Herding Cats

Our topic is Increasing the Probability of Program Success Thorugh Continuous Risk Management. . Risk Management is How Adults Manage Projects. If you are not managing risk on your project, what are you managing? Risk-Adjusted Plans.

Performance-Based Project Management®

Herding Cats

Performance–Based Project Management ® integrates five critical program management process areas with – Cost, Schedule, and Technical Performance Measures. The result is increased visibility and credibility of the Independent Estimate at Completion (IEAC).

From Mission Capabilities to Done

Herding Cats

No matter the project domain or the technical development method, project success is dependent on knowing what Done looks like in units of measure meaningful to the decision maker. These measures are stated in units, meaningful to the buyer.

2017 46

Value First, Requires Margin and Contingency

Herding Cats

The principles of microeconomics of decision making in the presence of uncertainty mandates you make estimates of how to achieve that Value in terms of cost and schedule, those three (and all) variables are random variables, usually driven by a stochastic process. IT Risk Management.

2018 47

Cone of Uncertainty Bibliography

Herding Cats

I work in a domain where the CoU is baked into the Integrated Program Performance Management (IPPM) processes flowed down from the buyer, in this case, the Federal Government. The CoU paradigm defines the needed reduction in uncertainty is some performance metric.

2017 42

Cone of Uncertainty - Revisited

Herding Cats

We're writing two chapters in an upcoming Project Management Book, with a working title, The Gower Handbook of Project Performance for Agile, Waterfall and Everything in Between , edited by Mark Phillips.

2012 37

INVEST, Scrum and Enterprise IT

Herding Cats

Risk interaction within systems and subsystems, between functional and physical elements, can also be modeled with DSM. DSM models interacting risks in a graphical representation produce numerical simulations of the risk and impacts on the probability of program success.

SCRUM 40

Decision Analysis - Ordinal and Cardinal Measures

Herding Cats

Brown and his book The Handbooks of Program Management: How to Facilitate Project Success with Optimal Program Management and my review of the same book. AHP is based on the principle that all measurements are relative. Risk assessment can be made with Ordinal value as well.

2018 53

Misinterpretations of the Cone of Uncertainty

Herding Cats

The Cone of Uncertainty as a Technical Performance Measure. Uncertainty creates Risk. Risk management requires active reduction of risk. Management of this reduction work and measurement of the progress is a Close Loop Control System paradigm.

2017 42

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. . Estimating how much is the starting point. Risk Management is How Adults Manage Projects - Tim Lister. No Estimating?

2017 46

Principles, Processes, and Practices of Project Success

Herding Cats

For project management domain, what are some Principles? What does Done look like in units of measure meaningful to the decision makers? What impediments will be encountered along the way to Done and what work must be performed to handle these impediments?

INVEST, Scrum and Enterprise IT

Herding Cats

Risk interaction within systems and subsystems, between functional and physical elements, can also be modeled with DSM. DSM models interacting risks in a graphical representation produce numerical simulations of the risk and impacts on the probability of program success.

SCRUM 36

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. Optimism bias - a cognitive bias that causes a person to believe that they are at a lesser risk of experiencing a negative event compared to others. The first step is to recognize there are immutable principles of managing in the presence of uncertainty. 2] "The effect of fast and slow decisions on risk taking," M.

What Is Risk?

Herding Cats

Risk is the effect of uncertainty of objectives. In the context of risk management, uncertainty exists whenever the knowledge or understanding of an event, consequence, or likelihood is inadequate or incomplete ? ISO 31000:2009, ISO 17666:2016 and ISO 11231:2010 Risk is Uncertainty that Matters. Risk can be the potential consequence of a specific outcome that affects the system's ability to meet cost, schedule, and/or technical objectives. IT Risk Management.

Microeconomics and Risk Management in Decision Making for Software Development

Herding Cats

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. Now To Risk Management. Risk is the effect of uncertainty of objectives.

2007 42

Fallacy of the Day

Herding Cats

Project Controls are Management Actions, either preplanned to achieve the desired result, or taken as a corrective measure prompted by the monitoring process. The units of measures of Cost and Time are straightforward. Value to the business can be defined using these measures.

2017 44

Closed Loop Control and Granularity of the Estimating Process

Herding Cats

For any closed loop control system ‒ let’s assume we want to manage our project with such a system ‒ has a signal representing the current state of the system. 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.

6 Tips for Better Schedule Management

ProjectManager.com

Timetables, deliverables, resources and even risks—everything that is involved with a project is wrapped up inside the schedule. It’s up to an extremely adept project manager to enact better schedule management for their teams. 6 Schedule Management Tips.

2019 279

3 Questions That Must Be Asked at Every Project Management Meeting

Herding Cats

Here's the three questions, and the framework for the answers in the project management domain. In the ConOps are measures of Effectiveness for the components of the project that implement the Capabilities . The only answer to that is a measure of Physical Percent Complete (P%C).

2018 46

Project Management Process & Phases

ProProfs Project Management

Project Management is the art of coordinating resources and directing working groups to execute components of work so that each group delivers components that can be tied together into a wholesome deliverable (contracted scope of work) within schedule and budget. Plan Scope Management .

Different Project Management Terms Beginners Should Know

ProProfs Project Management

Project managers , who have just begun working on a project, may find it really stressful and time-consuming to manage multiple tasks, especially if they don’t know the basics. . Let’s dig into our project management glossary. Common Project Management Terms.

2020 90

Don't Be Fooled

Herding Cats

Hyndman - in our program planning and controls domain ARIMA (Autoregressive Integrated Moving Average) is a powerful tool for forecasting future project behaviors based on past performance.

2018 57

Cone of Uncertainty - Part Cinq

Herding Cats

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). The Cone is NOT the result of the project's past performance.

2017 43

Managing in Presence of Uncertainty

Herding Cats

Let's say you're the project or program manager of a large complex system. We cannot escape these two uncertainties - reducible and irreducible - and must learn how to manage in the presence of these uncertainties. Do we have measures of Effectiveness, Performance, all the .ilities.

A Complete Guide to PMIS

ProjectManager.com

That’s what PMIS comes in, which is an acronym for project management information system. A project management information system (PMIS) is how information needed to run a project is organized. Resource Management: Including resource loading, leveling, allocation, etc.

2019 282

Cone of Uncertainty - Part Cinq (Updated)

Herding Cats

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). This is done by active risk management, through probabalistic decision-making.

2017 40