Webinar Recap: Project Performance Measurement – Part 1: Overview Of Project Performance Measurements

MPUG

Please find below a transcription of the audio portion of Fletcher Hearn’s session, Project Performance Measurement – Part 1: Overview Of Project Performance Measurements, being provided by MPUG for the convenience of our members. You can’t influence that project.

A Compendium of Works to Increase the Probability of Project Success

Herding Cats

Integrated Master Plan: The Foundation of Program Success , College of Performance Management, May 21, 2014. The Nine "I's" of Program Success ," College of Performance Management. Forming, Storming, Norming, Performing, and Adjourning. 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.

2008 45
Insiders

Sign Up for our Newsletter

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

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 overarching theme is focused on defining what Done looks like, assessing progress toward Done in units of measure meaningful to the decision makers. Those units always start with Measures of Effectiveness and Measures of Performance. Project Performance Management.

2015 37

Risk Management in Five Easy Pieces, with Apologies to Jack

Herding Cats

Managing Cost, Schedule, & Technical Performance Risk Is The Basis Of Good Project Management. Certain information about key project cost, performance, and schedule attributes are often unknown until the project is underway. Although each uncertainty type is distinct, a single project may encounter some combination of four types: Variation – comes from many small influences and yields a range of values on a particular activity.

2017 37

INVEST, Scrum and Enterprise IT

Herding Cats

The direction of influence from one element to another is captured by an arrow in place of a simple link. Cohesion is the measure of how well module fits together. The component may be performing more than one function. Informational cohesion: performs a number of functions, each with its own entry point, with independent code for each function, all performed on the same data structure. The term INVEST is an acronym for good User Stories.

2018 31

Fallacy of the Day

Herding Cats

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. In the Project Controls paradigm, Value is a measurable attribute of the project controls process - a Closed Loop Control measure.

2017 34

What are the tipping points for your agile transformation?

Kiron Bondale

Empowered Product Owners with sufficient capacity, capability, knowledge and influence. Hiring practices and performance measurement systems emphasize the “how” as much as the “what” What would you add to this list? I’ve frequently said that agile transformations are marathons and not sprints.

2018 160

Control partners should have skin in the game!

Kiron Bondale

But as the size of the organization increases and stakes get higher, control partners emerge to influence not only what but how production occurs. Introduce performance measures and incentives for control staff which are tied to the impacts created by their work as opposed to just the completion of this work. I finally completed reading Nassim Taleb ‘s book Skin in the Game which I had written about in a recent article.

What Is Corporate Governance & How Can it Impact My Project?

ProjectManager.com

Those standards and practices are called corporate governance, and they are going to influence your project. While managing a project it is easy to become myopic and focus solely on success as measured by the project. That includes action plans , internal controls, OKRs , performance measurements and corporate disclosures. These decisions can influence not merely a single project, but the corporation writ larger.

Project Status Reporting – 6 Key Considerations

Project Health Check

The entire purpose of the Start-up Phase of a Project is to produce a comprehensive Plan for the Project; consisting of an integrated Performance Measurement Baseline (Time, Cost, Scope) and an associated Project Management Plan to monitor and control it. Sub-Factors influencing Status : Reporting an overall RAG status is good, but in reality a Project’s Status is influenced by many factors.

2017 192

Does your organization truly support project management?

Kiron Bondale

Organizational project management support can be either a blocker in lower maturity companies or an accelerator to project performance in higher maturity ones. Establishing a PMO within a low maturity organization but not vesting it with the authority or sponsorship to influence behaviors and culture can be the kiss of death. Objectives and performance measures for these staff should include a healthy balance between operational and project success metrics.

2016 146

Project Management Process & Phases

ProProfs Project Management

Initiation is the very first phase of project management, and it is all about measuring the value, benefits, and feasibility of the project. specific, measurable, attainable, realistic, timely) . Perform Qualitative Risk Analysis . Perform Quantitative Risk Analysis .

Quote of the Day

Herding Cats

Goals are broad, measurable, aims that support the accomplishment of a mission. It elaborates the organizational strategy and documents the elements that influence it. Performance Measures. Performance measures describe performance targets relevant to each objective.

Acting Like an Adult in the Presence of Uncertainty

Herding Cats

The alternatives can involve a large number of uncertainties about the factors that influence the ultimate outcomes. For customers paying for the development of software, these things include - cost, schedule (time cost of money), market timing, and performance of the product to name a few. The values capture the needs, objectives, and preferences of the stakeholders, which are the people and organizations that have an interest and can influence or be influenced by a decision.

2016 55

What Is A Scope Management Plan And How To Create One?

Techno-PM

Key team leads and employees with influence, passion for the goal, and an ability to impact the outcome should be included. Care should be taken as this phase establishes a framework by which the project’s success will be measured.

2020 39

Communications Management: PMP Study Guide (PMBOK 6th Edition)

ExamsPM

Influencing organization. Performance reporting. Includes collecting and distributing project performance information. Project communications components include: Performance reports, Deliverables status, Schedule progress. Control Communications is the process of analyzing communications through the project life cycle and sending relevant work performance information to stakeholders. Determine their level of influence.

Project Management Glossary: 200+ Terms PMs Frequently Use

Epicflow Blog

It contains all the details about the tasks a project team has to perform. . is a process of appointing or providing a team member with a responsibility to perform a task. is a state of resource allocation performed by a project manager. is an external factor or event capable of influencing the project’s success. . is initial data for your project performance measurement necessary for the start. Cost Performance Index/Indicator (CPI) .

Project Management Glossary: 200+ Terms PMs Frequently Use

Epicflow Blog

It contains all the details about the tasks a project team has to perform. . is a process of appointing or providing a team member with a responsibility to perform a task. is a state of resource allocation performed by a project manager. is an external factor or event capable of influencing the project’s success. . is initial data for your project performance measurement necessary for the start. Cost Performance Index/Indicator (CPI) .

What is Earned Value Management & How its Theories Affect PM Software

ProProfs Project Management

Measuring the performance of a project against the project baseline has plenty of benefits. Earned value management in project management can be defined as: A systematic project management process that helps managers to measure project performance. A technique to measure the performance of the project as per a baseline, Earned Value Management System or EVMS helps you get a better grip on the projects.

2019 54

What Is Risk?

Herding Cats

risks that may prevent the end item from performing as intended or not meeting performance expectations. Measures of Effectiveness, Measures of Performance, Technical Performance Measures, and Key Performance Parameters describe the measures of these expectations. risks that affect the cost and schedule measures of the program. Ontological uncertainty cannot be measured directly.

Microeconomics and Risk Management in Decision Making for Software Development

Herding Cats

Cost and schedule growth for software development programs is created by unrealistic technical performance expectations, unrealistic cost and schedule estimates, inadequate risk assessments, unanticipated technical issues, and poorly performed and ineffective risk management, all contributing to program technical and programmatic shortfalls. risks that may prevent the end item from performing as intended or not meeting performance expectations.

2007 32

Why Johnny Can't Do The Math

Herding Cats

For any system to be ergodic it has to be closed, with no outside influences. Dependencies appear or are present in the beginning, that influence the behaviors of the other processes in the system of developing the software. . The past performance drives future performance within the parameters of the processes.

Organizational Culture and Its Impact on Team Performance

ActiveCollab

Simply put, they suffer because their creativity and their performance is under the influence of drastically different organizational culture than they are used to. To understand how culture impacts team performance, we must first take a look at different types of company cultures. Often focused on finance or manufacturing, companies that opted for this kind of culture rely heavily on annual business plans and key performance measurements.

2017 28