article thumbnail

The 5 Phases of Project Management Process and Techniques

NimbleWork

Planning involves breaking down the work into manageable tasks, estimating resource requirements, and creating schedules and budgets. It helps project managers and teams organize and define the scope of work, identify tasks, and estimate resource requirements.

Process 52
article thumbnail

A Compendium of Works to Increase the Probability of Project Success

Herding Cats

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. Measures of Product Value is Exchange for Its Cost. Technical Performance Measures.

2003 54
Insiders

Sign Up for our Newsletter

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

article thumbnail

Cone of Uncertainty Bibliography

Herding Cats

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.

article thumbnail

Misinterpretations of the Cone of Uncertainty

Herding Cats

The Cone of Uncertainty as a Technical Performance Measure. Of late, Cone of Uncertainty has become the mantra of No Estimates advocates claiming that data is needed BEFORE the Cone is of any use. The Cone of Uncertainty as a Technical Performance Measure. Measure of Effectiveness. Measure of Performance.

article thumbnail

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). The following material comes from conferences, workshop, materials developed for clients. Project Performance Management. Management Processes (#MP).

article thumbnail

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.

article thumbnail

Project Management Glossary: 200+ Terms PMs Frequently Use

Epicflow Blog

Activity Duration Estimates Review . is a process of detecting risks related to the time allowances for activities in particular or a project in general, with the width of estimates range indicating a respective level of risk. Analogous Estimating . Bottom-Up Estimating . Bottom-Up EAC (estimate at completion) Method .