Project Pulse Journal

MARCH 18, 2024

Is it challenging to navigate the complex landscape of project governance frameworks? In this article, we will dive deep into organizational and project governance and systems in project management. At the heart of this lies the robust framework of Organizational Governance Systems.

Government 52

Government Governance Risk Management 2015 52

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. .

Software Review 139

Software Review Governance Government Infrastructure 139

Herding Cats

MAY 16, 2019

Although these uncertainties cannot be eliminated, it is useful to identify associated risk issues and to attempt to quantify the degree of uncertainty as much as possible. This bounding of the cost estimate may be attempted through sensitivity analyses or through a formal quantitative risk analysis.

Performance Measurement 33

Performance Measurement Technical Review Estimate Risk Management 33

The IIL Blog

OCTOBER 17, 2023

Earned Value Management (EVM) A systematic approach to project performance measurement assessing schedule and cost performance. Project Closure Report A document summarizing the project’s overall performance, outcomes, and lessons learned. Feasibility Study An analysis of a project’s viability. a project).

Development Team Review 148

Development Team Review Project Life Cycle Underperforming Technical Team Estimate 148

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

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

Project Pulse Journal

APRIL 25, 2024

A Project Management Office (PMO) is a centralized department within an organization that standardizes the governance of projects. Project Governance It oversees project governance, ensuring that each aligns with the strategic goals. What is a Project Management Office?

PMO 52

PMO Governance Government 2014 52

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

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 Underperforming Technical Team Lean 120

Henny Portman

SEPTEMBER 17, 2024

Prerequisites for portfolio management In the first article, Steve Butler delves into portfolio governance. The primary goal of governance in portfolio management is to ensure that processes are established to define, align, authorize, and control portfolio elements, while also supporting overall governance decision-making activities.

Technical Review 52

Technical Review Software Review Governance Government 52

Project Pulse Journal

MARCH 7, 2024

Discover the importance of organizational governance systems, delve into essential project-associated functions, learn how to navigate the project environment, and ensure you are communicating and building relationships with internal and external stakeholders.

Governance 52

Governance Government Technical Review Sustainability 52

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

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.

Aerospace 59

Aerospace Underperforming Technical Team Governance Government 59

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

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 2017 Technical Review 2008 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.

Software Review 41

Software Review Technical Review 2018 Engineering 41

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 Risk Closing 39

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

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.

Aerospace 37

Aerospace Estimate Governance Government 37

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

Wrike

NOVEMBER 7, 2018

More than 90% of organizations perform some type of project postmortem or closeout retrospective. [9]. 64% of organizations say they frequently conduct risk management. [6]. How Project Success is Measured: 20% — Satisfied stakeholders. Managing small, low-risk projects. Managing medium-size, moderate-risk projects.

2015 60

2015 Technical Review Underperforming Technical Team Software Review 60

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 Performance Measurement Underperforming Technical Team Risk Management 32

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

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 Logistics Performance Measurement Governance 34

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

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.

Underperforming Technical Team 60

Underperforming Technical Team Project Life Cycle Estimate Software Review 60

Herding Cats

FEBRUARY 9, 2018

We can estimate the total cost, total duration, and the probability that all the Features will be delivered on the program we are working for the US Government. In the project domain, an estimate is a calculated approximation of some desired measurement. Kahneman is speaking about risk-taking when we put it in the project context.

Underperforming Technical Team 44

Underperforming Technical Team Estimate 2003 Software Review 44

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.

Software Engineering 28

Software Engineering Performance Measurement Manufacturing Finance 28

Herding Cats

AUGUST 27, 2017

This notion shows that governance is not considered a requirement for the business. IT Risk Management. This is the same olde problem we have with estimating definition if you don't define who the players are, assign their roles and responsibilities, then when you use a word it can pretty much mean anything your want it to mean.

Estimate 46

Estimate Software Review Underperforming Technical Team Technical Review 46

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.

Technical Review 28

Technical Review 2005 Estimate Software Review 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.

Technical Review 28

Technical Review Estimate 2005 Software Review 28

Epicflow Blog

OCTOBER 16, 2023

Carrying an Umbrella (Risk Buffer). Keeping a Spare Tire (Risk & Resource Buffer). Having Insurance (Risk Buffer). While time buffers are most common, there are several types to know, each targeting specific risks. Most vehicles come with a spare tire. Dressing in Layers (Flexibility Buffer).

2016 52

2016 Monitoring Risk Management Healthcare 52

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? -

Technical Review 28

Technical Review Software Review Underperforming Technical Team Estimate 28

Epicflow Blog

APRIL 25, 2024

Carrying an Umbrella (Risk Buffer). Keeping a Spare Tire (Risk & Resource Buffer). Having Insurance (Risk Buffer). While time buffers are most common, there are several types to know, each targeting specific risks. Most vehicles come with a spare tire. Dressing in Layers (Flexibility Buffer).

2016 52

2016 Monitoring Risk Management Healthcare 52

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.

Technical Review 28

Technical Review 2005 Estimate Software Review 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.

Manufacturing 40

Manufacturing Estimate Risk Management Budget 40

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.

Estimate 39

Estimate Risk Management Engineering Risk 39