MPUG

MAY 14, 2021

Please find below a transcription of the audio portion of Fletcher Hearn’s session, Project Performance Measurement – Part 2: What to Measure and How to Report, being provided by MPUG for the convenience of our members. Kyle: And welcome to Part 2 of MPUG’s Project Performance Measurement course. They have 1.5

Performance Measurement 59

Performance Measurement Underperforming Technical Team Software Engineering Engineering 59

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

Wrike

JUNE 11, 2023

The importance of risk management in IT cannot be overstated. However, with this reliance comes the inherent risks of cyber threats, data breaches, and operational disruptions. Once the risks have been identified and assessed, organizations must develop and implement strategies to manage and mitigate them.

Risk Management 36

Risk Management Risk Underperforming Technical Team Technical Review 36

Herding Cats

APRIL 29, 2017

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.

Estimate 46

Estimate Risk Management Risk SCRUM 46

Herding Cats

MARCH 17, 2019

Business, Technical, Systems, Risk, and Project Management. Project Performance Management. Connecting the 5 Principles and 5 Practices of Performance-Based Project Management ® To Increase the Probability of Project Success. Building a Credible Performance Measurement Baseline. Risk Management.

2003 54

2003 2011 2008 Performance Measurement 54

Herding Cats

OCTOBER 11, 2016

I work in the Software Intensive System of Systems domains in Aerospace, Defense, Enterprise IT (both commercial and government) applying Agile, Earned Value Management, Productive Statistical Estimating (both parametric and Monte Carlo), Risk Management, and Root Cause Analysis with a variety of capabilities. Department of Energy.

Performance Measurement 28

Performance Measurement Aerospace 2006 Estimate 28

ProjectManager.com

NOVEMBER 11, 2021

Performance reporting provides that information by putting performance measurement, quality assurance and accountability data in context. Performance reports (like a project status report) do more than just show key performance indicators. This is used for better resource utilization.

Software Review 301

Software Review Underperforming Technical Team Monitoring Executing 301

Leading Agile

APRIL 29, 2021

You will need to outline the estimated costs to be incurred as part of that transformation as well as the estimated annual benefits and savings expected to be realized from your transformation effort. . Return on Investment or ROI is a performance measure used to evaluate the efficiency of an investment. Payback Period.

Finance 85

Finance Agile Performance Measurement Estimate 85

ProjectManager.com

SEPTEMBER 4, 2019

Some of those areas are integration management, project scope management, project cost management, project time management, project quality management, project communications management, project risk management, project procurement management and project stakeholder management. Therefore, a PMIS is so important.

Project Life Cycle 209

Project Life Cycle Software Review Closing Budget 209

Herding Cats

AUGUST 27, 2017

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.

Estimate 46

Estimate Software Review Underperforming Technical Team Technical Review 46

ProProfs Project Management

JANUARY 21, 2020

It refers to any prediction or estimation made on a project’s status, including how it will unfold in the future. The shortest time estimated to complete a specific project task or activity is known as optimistic duration. Performance Measurement Baseline. It is an estimation technique based on an expert consensus.

Underperforming Technical Team 111

Underperforming Technical Team Estimate Risk Management Defining 111

Herding Cats

OCTOBER 1, 2016

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 ). It can be the cost, schedule, and technical performance measures of the software project. https://goo.gl/DP6Jw

Closing 28

Closing Estimate Controlling Process 28

ProProfs Project Management

MARCH 18, 2020

Planning includes creating strategies for managing, scope, schedule, cost, quality, resources, risk, communications, procurement and also making a plan for stakeholder engagement. . The activities are then sequenced, and the duration required for each activity is estimated. Risk : This is an integral part of planning.

Process 99

Process Project Life Cycle Development Team Review Risk Management 99

Herding Cats

MAY 1, 2017

Performance–Based Project Management ® integrates five critical program management process areas with – Cost, Schedule, and Technical Performance Measures. The inclusion of Technical Performance Measures (TPM) separates this approach from conventional methods based solely on managing cost and schedule.

Performance Measurement 42

Performance Measurement Estimate Risk Management Budget 42

Herding Cats

OCTOBER 12, 2018

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 Performance are.

Engineering 32

Engineering Performance Measurement Underperforming Technical Team Risk Management 32

Herding Cats

AUGUST 12, 2017

Measures of Performance (MOP) – characterize physical or functional attributes relating to the system operation, measured or estimated under specific conditions. These measures are attributes that assure the system has the capability and capacity to perform. Maintainability. Scalability. Availability.

Performance Measurement 39

Performance Measurement Estimate Risk Defining 39

Herding Cats

JUNE 19, 2017

The Cone of Uncertainty as a Technical Performance Measure. Uncertainty creates Risk. Risk management requires active reduction of risk. Active reduction requires we have a desired reduction goal, perform the work, and measure progress toward the rduction goal. Measure of Effectiveness.

Technical Review 35

Technical Review Performance Measurement Underperforming Technical Team Estimate 35

Project Pulse Journal

MARCH 7, 2024

Each knowledge area plays a role in value delivery by enabling effective project governance, resource management, risk mitigation, and stakeholder engagement. Organizations can optimize project performance and outcomes by integrating these functions into a cohesive framework.

Governance 52

Governance Government Technical Review Sustainability 52

Herding Cats

DECEMBER 8, 2017

The CoU paradigm defines the needed reduction in uncertainty is some performance metric. This can be the confidence in the estimate for any variable. It can be the needed performance of a measure - Effectiveness, Performance, Key Performance Parameter, or a Technical Performance Measures.

Performance Measurement 35

Performance Measurement Technical Review 2017 2008 35

Herding Cats

MARCH 5, 2017

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? These are attributes to assure the system has the capability and capacity to perform. Related articles. Close Loop Thinking.

Software Review 28

Software Review Technical Review Performance Measurement Estimate 28

Herding Cats

NOVEMBER 19, 2018

The only answer to that is a measure of Physical Percent Complete (P%C). P%C starts with defining the Measures of Performance and Technical Performance Measures for each deliverable as a function of time. These measures are supported by Quantifiable Backup Data. What is your actual condition? .

2010 39

2010 Governance Government Performance Measurement 39

Herding Cats

DECEMBER 4, 2017

The technical measures are a set of attributes used to provide the supplier (developer) and the acquirer (customer) with insight into the progress of the definition and development of the technical solution, the ongoing assessment of the associated risks and issues, and the likelihood of meeting the critical objectives of the acquirer (customer).

2005 37

2005 Performance Measurement Closing Controlling 37

Techno-PM

SEPTEMBER 2, 2021

To measure effectiveness, you need three things: quantitative data about performance measurements, qualitative data about stakeholder satisfaction with outcomes achieved (or dissatisfaction), and information on contextual factors affecting success or failure. What happens during the execution phase?

Executing 36

Executing Monitoring Performance Measurement Controlling 36

Herding Cats

JANUARY 22, 2017

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). Aleatory and Epistemic uncertainties, which create the risk to the success of the project. This is due to many reasons.

Technical Review 28

Technical Review 2005 Estimate Software Review 28

Herding Cats

FEBRUARY 5, 2018

For these strategies to work, we need to define the Measures of Effective, Measures of Performance, Technical Performance Measures, and Key Performance Parameters for each of the outcomes that produce Value in exchange for the Cost and Time to produce that Outcome. IT Risk Management.

Executing 40

Executing Performance Measurement Manufacturing Estimate 40

Herding Cats

FEBRUARY 4, 2017

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). Aleatory and Epistemic uncertainties, which create the risk to the success of the project. This is due to many reasons.

Technical Review 28

Technical Review Estimate 2005 Software Review 28

Herding Cats

JANUARY 19, 2018

Have sufficient Contingent Budget and Management Reserve to cover the cost variances from the naturally occurring cost behaviors, event-based impacts on cost, or cover things that go wrong with the Risk Cost coverage. Have sufficient Technical Performance Measures margin to cover the required performance measure of the Capabilities.

Performance Measurement 31

Performance Measurement Estimate Finance Manufacturing 31

Herding Cats

DECEMBER 29, 2017

To make some conjecture that some process will fix the problem - Estimates are the smell of dysfunction and NOT Estimating will fix that dysfunction - is naive at best and willfully ignorant of Root Cause Analysis at worse. Any successful technical communication needs to have: Measures of Effectiveness. IT Risk Management.

Process 56

Process Estimate Engineering Performance Measurement 56

Herding Cats

JANUARY 17, 2017

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). Aleatory and Epistemic uncertainties, which create the risk to the success of the project. This is due to many reasons.

Technical Review 28

Technical Review 2005 Estimate Software Review 28

Herding Cats

JANUARY 14, 2017

The Cone is a project management framework describing the uncertainty aspects of estimates or any other project attribute (in this post, cost, schedule, and technical performance parameters). Aleatory and Epistemic uncertainties, which create risk to the success of the project. So the question is? -

Technical Review 28

Technical Review Software Review Risk Management Underperforming Technical Team 28

Herding Cats

DECEMBER 5, 2017

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. Top Four Sources of Unfavorable Program Performance. Risk Management Processes.

Aerospace 37

Aerospace Estimate Governance Government 37

Herding Cats

FEBRUARY 9, 2018

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.

Underperforming Technical Team 44

Underperforming Technical Team Estimate 2003 Software Review 44

Herding Cats

JULY 9, 2018

Measures of Effectiveness, Measures of Performance, Technical Performance Measures, and Key Performance Parameters are the units of measure meaningful to the decision makers. Cost, Schedule, and these measures are tightly interconnected. No not to exceed budgets. Sage and Christopher D.

2001 31

2001 Software Estimate Performance Measurement 31

Herding Cats

AUGUST 12, 2016

Unrealistic performance expectations missing Measures of Effectiveness and Measures of Performance. Unrealistic Cost and Schedule estimates based on inadequate risk adjusted growth models. Inadequate accessment of risk and unmitigated exposure to these risks with proper handling plans.

Estimate 28

Estimate Technical Review 2003 Aerospace 28

Herding Cats

MARCH 4, 2017

This is an immutable principle that impacts planning, execution, performance measures, decision making, risk, budgeting, and overall business and technical management of the project and the business funding the project no matter the domain, context, technology or any methods. We need a formal risk management process.

2010 28

2010 2007 Estimate Software Engineering 28

Herding Cats

JULY 9, 2018

Measures of Effectiveness, Measures of Performance, Technical Performance Measures, and Key Performance Parameters are the units of measure meaningful to the decision makers. Cost, Schedule, and these measures are tightly interconnected. No not to exceed budgets. Sage and Christopher D.

2001 28

2001 Software Estimate Performance Measurement 28

Herding Cats

JUNE 4, 2017

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. Estimating how much is the starting point. Estimating is part of risk management.

Estimate 39

Estimate Risk Management Risk Engineering 39