Herding Cats

APRIL 29, 2017

The best starting point for determining the NEEDED precision and accuracy is to determine the Value at Risk. . If I'm risking two weeks of work for the Scrum team of 5 people it's a much different need from the risk of a $10B manned spaceflight program being supported to congress for budget authorization. . Answer 2 weeks.

Estimate 46

Estimate Risk Management Risk SCRUM 46

Herding Cats

DECEMBER 8, 2017

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. IEEE Transactions on Engineering Management , 57 (4), pp.

Performance Measurement 35

Performance Measurement Technical Review 2017 2008 35

nTask

APRIL 28, 2021

In this article, you’ll learn how to document your business processes, and why this documentation is important for driving your sustainability agenda. You can use project management tools and techniques to streamline project planning, resource management , task dependencies, financial planning and manage deliverables.

Sustainability 120

Sustainability Process Underperforming Technical Team Lean 120

Herding Cats

DECEMBER 5, 2017

We're working on a White Paper for the Joint Space Cost Council which is an organization composed of government (NRO, NASA, USAF, and others) and industry representatives with an interest in space. Our topic is Increasing the Probability of Program Success Thorugh Continuous Risk Management. . Risk-Adjusted Plans.

Aerospace 37

Aerospace Estimate Governance Government 37

Herding Cats

DECEMBER 4, 2017

Project Controls are Management Actions, either preplanned to achieve the desired result, or taken as a corrective measure prompted by the monitoring process. Project controls are concerned with the metrics of the project – quantities, time, cost, and other resources and their measurable beneficial outcomes for the project.

2005 37

2005 Performance Measurement Closing Controlling 37

Herding Cats

JUNE 9, 2018

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. These principles originate in: .

Transportation 39

Transportation Software Engineering Finance 2011 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

Herding Cats

JUNE 9, 2018

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. These principles originate in: .

Transportation 28

Transportation Software Engineering Finance 2011 28

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. Prentice-Hall, 1981. So the question is? -

Technical Review 28

Technical Review 2005 Estimate Software Review 28

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. Prentice-Hall, 1981. So the question is? -

Technical Review 28

Technical Review Estimate 2005 Software Review 28

Herding Cats

JULY 9, 2018

In this domain, we applied traditional program and project management methods for cost and schedule management at the top level. The system can be a business system, a collection of hardware and software for defense or space, a weapons systems, a business management systems. Systems Management 2 (2001) 325–345, IOS Press.

2001 31

2001 Software Estimate Performance Measurement 31

Herding Cats

AUGUST 27, 2017

This all about me approach to spending other people's money creates barriers to addressing the Root Cause of project difficulties and most importantly inhibits open - free and frank - discussion of how to Increase the Probability of Project Success. This is standard Product Management.

Estimate 46

Estimate Software Review Underperforming Technical Team Technical Review 46

Herding Cats

JULY 9, 2018

In this domain, we applied traditional program and project management methods for cost and schedule management at the top level. The system can be a business system, a collection of hardware and software for defense or space, a weapons systems, a business management systems. Systems Management 2 (2001) 325–345, IOS Press.

2001 28

2001 Software Estimate Performance Measurement 28

Herding Cats

JANUARY 29, 2018

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. In both cases, these create a risk to the success of the project.

Manufacturing 40

Manufacturing Estimate Risk Management Budget 40

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). Risk Management (#RM). Technical Performance Measures (#TPM). Governance (#Governance).

Technical Review 42

Technical Review Performance Measurement Underperforming Technical Team Governance 42

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.

Technical Review 28

Technical Review Estimate 2003 Aerospace 28

Herding Cats

JANUARY 5, 2017

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. Related articles. Doing the Math.

Estimate 81

Estimate Closing Controlling Defining 81

Herding Cats

MARCH 11, 2018

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.

Software Developers 34

Software Developers Software Development Risk Management Risk 34

Herding Cats

AUGUST 5, 2017

Managing Cost, Schedule, & Technical Performance Risk Is The Basis Of Good Project Management. Risk management is essential to the success of any significant project. Certain information about key project cost, performance, and schedule attributes are often unknown until the project is underway.

Risk Management 42

Risk Management Risk Estimate Underperforming Technical Team 42

Herding Cats

NOVEMBER 29, 2017

Designing, building, testing, and deploying complex systems is fraught with risk. And as always risk comes from uncertainty. Much has been written about the sources of risk and how to Manage in the Presence of Uncertainty (This briefing describes how risk is managed for each element of the Integrated Master Plan). .

Planning 42

Planning Software Review Governance Government 42

Epicflow Blog

OCTOBER 16, 2023

He earned his PhD in resource management, underlining his expertise. Albert is the co-founder of Epicflow, an AI-driven multi-project management system. This article explores managing uncertainty in organizations. Carrying an Umbrella (Risk Buffer). Keeping a Spare Tire (Risk & Resource Buffer).

2016 52

2016 Monitoring Risk Management Healthcare 52

Herding Cats

JANUARY 23, 2018

The goal of every program manager is to have a set of practices that connect all the programmatic planning, risk, and performance information in a single unified view needed to support the decisions that increase the probability of success of any project or program. Cost is measured in dollars and schedule is measured in time.

Technical Review 44

Technical Review Performance Measurement Engineering Estimate 44

Herding Cats

NOVEMBER 5, 2018

In a previous post, Why Johnny Can't Estimate , mentioned some resources for estimating, the principles of business and technical management that demand estimates be made to make decisions, and background on the sources of uncertainty, that create risk, that require estimating to increase the probability of project success.

Software Review 34

Software Review Technical Review Estimate Software Developers 34

Herding Cats

APRIL 5, 2016

He was not a program manager of engineered to order software intensive system of systems. The economic problem of society is thus not merely a problem of how to allocate "given" resources-if "given" is taken to mean given to a single mind which deliberately solves the problem set by these "data." IT Risk Management.

Software Developers 28

Software Developers Software Development Software Review Software 28

Epicflow Blog

APRIL 25, 2024

He earned his PhD in resource management, underlining his expertise. Albert is the co-founder of Epicflow, an AI-driven multi-project management system. This article explores managing uncertainty in organizations. Carrying an Umbrella (Risk Buffer). Keeping a Spare Tire (Risk & Resource Buffer).

2016 52

2016 Monitoring Risk Management Healthcare 52

MPUG

JUNE 1, 2022

Melanie: Jeff is currently the Training and Development Manager for Edwards Performance Solutions. As such, he oversees the production and maintenance of courses on project management, systems engineering, software development, business process improvement, and cyber security.

PMI 59

PMI Software Review Estimate Risk Management 59