Herding Cats

MARCH 11, 2018

Research clearly shows the root causes of most software projects cost and schedule overruns and technical shortfalls comes from poor risk management. Now To Risk Management. Risk is the effect of uncertainty of objectives. ISO 31000:2009, ISO 17666:2016, and ISO 11231:2010 Risk is Uncertainty that Matters.

Risk Management 34

Risk Management Risk Software Estimate 34

Kiron Bondale

APRIL 17, 2016

Objectives and performance measures for these staff should include a healthy balance between operational and project success metrics. The prompt communication & escalation of issues and risks is encouraged and identified issue or risk owners are encouraged to respond in a timely manner.

PMO 120

PMO PMI Risk Management 2016 120

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 Project Cost 42

LiquidPlanner

MAY 28, 2020

Governance. The SOW should also talk about project governance. . Check that the change control process is documented, along with risks, assurance, and quality measures. Check you are clear about when they expect to be paid – and that you are happy to meet those expectations. .

Risk Management 139

Risk Management Performance Measurement Governance Government 139

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? .

Risk Management 39

Risk Management SCRUM Risk Performance Measurement 39

International Institute for Learning

OCTOBER 4, 2022

Gap can also exist for performance improvement expectations such as: Reduction in risk by a certain percentage, cost, or time. But we view the transitioning risk template as proprietary knowledge not to be shared.”. Identification of governance and leadership effectiveness. Efficiency increases by a certain percentage.

Risk Management 59

Risk Management Aerospace PMO PMI 59

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. Technical Performance Measures.

Engineering 32

Engineering Risk Management Performance Measurement Agile 32

Herding Cats

AUGUST 12, 2017

KPPs have a threshold or objective value that characterize the major drivers of performance that are considered Critical to Customer (CTC). Technical Performance Measures (TPM) – are attributes that determine how well a system or system element is satisfying or expected to satisfy a technical requirement or goal. Scalability.

Performance Measurement 39

Performance Measurement Estimate Agile Risk 39

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. Cost Impacts.

Risk Management 37

Risk Management Estimate Risk Aerospace 37

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.

Performance Measurement 44

Performance Measurement Risk Management Engineering Estimate 44

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. This can be the confidence in the estimate for any variable.

Performance Measurement 35

Performance Measurement Estimate 2017 Risk Management 35

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.

Risk Management 35

Risk Management Performance Measurement Estimate Controlling 35

Herding Cats

APRIL 30, 2019

Root Cause Analysis is Risk Management, that asks the question what is the condition or activity that will create a risk to the success of our project? We play this role in ERP acquisitions for commercial and government clients . What was the risk-adjusted date? To develop that schedule margin a risk model is needed.

Risk Management 41

Risk Management Estimate Engineering Risk 41

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).

Performance Measurement 37

Performance Measurement Controlling Risk Management 2005 37

Herding Cats

JULY 17, 2017

There are several partitions of this information that are common in building the Performance Measurement Baseline (PMB). Since all projects operate in the presence of uncertainty, with the resulting risk - estimates are needed to make decisions that impact the future. Several other government estimating organizations.

Estimate 34

Estimate Risk Management Performance Measurement Budget 34

Herding Cats

JANUARY 22, 2017

Aleatory and Epistemic uncertainties, which create the risk to the success of the project. Other uncertainties that create risk include: Unrealistic performance expectation with missing Measures of Effectiveness and Measures of Performance. A critical success factor for all project work is Risk Management.

Risk Management 28

Risk Management Estimate Risk Performance Measurement 28

Herding Cats

FEBRUARY 4, 2017

Aleatory and Epistemic uncertainties, which create the risk to the success of the project. Other uncertainties that create risk include: Unrealistic performance expectation with missing Measures of Effectiveness and Measures of Performance. A critical success factor for all project work is Risk Management.

Risk Management 28

Risk Management Estimate Risk Performance Measurement 28

Herding Cats

JANUARY 14, 2017

Aleatory and Epistemic uncertainties, which create risk to the success of the project. Since all project work contains uncertainty, reducing this uncertainty - which reduces risk - is the role of the project team and their management. A critical success factor for all project work is Risk Management. So the question is? -

Risk Management 28

Risk Management Estimate Risk Performance Measurement 28

Workamajig

JANUARY 11, 2021

Accept: A response to a project risk where the project manager accepts the risk and takes no action to evade it, i.e. 'accepting' the risk. This is usually in case of risks that are unlikely to occur or minor enough so as to not affect the project's outcome. A project sponsor can request an audit.

Risk Management 78

Risk Management Estimate Project Life Cycle Risk 78

Herding Cats

JUNE 4, 2016

I spent the week speaking at the College of Performance Management conference where government and industry come together to work on the issues of cost, schedule, and technical performance management process improvement needed to increase the probability of program success. Technical Performance Measures.

Estimate 28

Estimate Risk Management Performance Measurement Finance 28

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 Risk Management Governance Government 42

Herding Cats

JANUARY 17, 2017

Aleatory and Epistemic uncertainties, which create the risk to the success of the project. Other uncertainties that create risk include: Unrealistic performance expectation with missing Measures of Effectiveness and Measures of Performance. A critical success factor for all project work is Risk Management.

Risk Management 28

Risk Management Estimate Risk Controlling 28

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 SCRUM Risk Management Agile 46

nTask

APRIL 28, 2021

Add control points and measurements. This includes identifying process risks or sustainability measures to monitor the process. Process improvement tools are techniques and methods to be used by organizations that will drive improvements in quality and performance, targeting the processes of a business.

Sustainability 120

Sustainability Process Defining Lean 120

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 Risk Management Risk Planning 28

Herding Cats

JANUARY 29, 2018

In both cases, these create a risk to the success of the project. These risks - aleatory and epistemic - must be handled in some way if they are to not have an undesirable impact on the outcome of the project. IT Risk Management. Focusing on Value is good business practice, common sense, and completely logical.

Risk Management 40

Risk Management Agile Estimate Budget 40

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.

Software 31

Software 2001 Estimate Agile 31

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

Estimate 28

Estimate Controlling Closing Process 28

Herding Cats

JUNE 4, 2017

Risk Management is How Adults Manage Projects - Tim Lister. No risk management plan with mitigations, the risks are still there, and we're not managing other people's money like adults. Since all risks come from uncertainty, we have to estimate those uncertainties, their impacts, their residual risks after mitigation.

Risk Management 39

Risk Management Estimate SCRUM Risk 39

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.

Software 28

Software 2001 Estimate Agile 28

Herding Cats

JUNE 7, 2018

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. Traditional risk models cannot model loops.

SCRUM 32

SCRUM Risk Management Risk Software 32

Herding Cats

JUNE 9, 2018

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 success of a software product, service, and solution depends on good business, financial, and risk management. 2] "The effect of fast and slow decisions on risk taking," M.

Risk Management 39

Risk Management Software Finance Engineering 39

MPUG

JUNE 1, 2022

Meaning to say creating value, organizational governance and systems, functions associated with projects, the project environment, and product management considerations all provide the context for how project management could be conducted. Jeff: You know, employees consistent risk evaluation. Where’s the talk about risk?

Risk Management 59

Risk Management PMI Estimate Planning 59

Herding Cats

JUNE 7, 2018

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. Traditional risk models cannot model loops.

SCRUM 28

SCRUM Risk Management Risk Software 28

Herding Cats

APRIL 5, 2016

In our domain this is the Performance Measurement Baseline, which is a time-phased budget plan for accomplishing work against which contract performance is measured. IT Risk Management. Risk Management is How Adults Manage Projects. Risk Management is How Adults Manage Projects. probably not.

Software 28

Software Agile Risk Management Estimate 28

Herding Cats

JUNE 9, 2018

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 success of a software product, service, and solution depends on good business, financial, and risk management. 2] "The effect of fast and slow decisions on risk taking," M.

Risk Management 28

Risk Management Software Finance Engineering 28

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. 325-330, 2013.

Estimate 34

Estimate Software Risk Management Process 34