Project Management, Performance Measures, and Statistical Decision Making

Herding Cats

There is a current rash of suggestions on how to improve the performance of software projects. Figure 1 - Planned Estimates versus Actual Performance from [1]. Some unanswered critical questions at charts like Figure 1 are: What's the credibility of the initial estimates?

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). Those units always start with Measures of Effectiveness and Measures of Performance.

2003 45

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Deconstructing the Hertz and Accenture Debacle

Herding Cats

Of course, No Root Cause analysis has been performed by these advocates, but it makes good click bait for their followers. Were there: Measures of Effectiveness. Measures of Performance. Key Performance Parameters. Measures of Physical Percent Complete.

Decision Analysis - Ordinal and Cardinal Measures

Herding Cats

AHP is based on the principle that all measurements are relative. Using this method, the performance, cost, time, and risks of alternatives can be articulated as ratios that can then be compared with one another. Mathematically, the value equals performance over cost plus time.

2018 53

Integrated Master Plan - Revisited

Herding Cats

Transparent – Comprehensible display of what needs to be done and how completion is measured. It is essential that the IMP represent the work that must be performed. The IMP shows the Accomplishments and the measures of Accomplishments that are essential to get through a design review.

INVEST, Scrum and Enterprise IT

Herding Cats

The Design Structure Matrix (DSM) method, was introduced by Steward in for task-based system modeling and initially used for planning issues. Cohesion is the measure of how well module fits together. Initialization, clean up. The term INVEST is an acronym for good User Stories.

SCRUM 40

Project Start-Up: The Plan for a Plan

Project Health Check

Du ring the Project Start-up and planning phase, projects will execute detailed planning processes to produce a Performance Measurement Baseline of Cost/Schedule/Scope and an associated Project Management Plan.

Cancelling Projects: The Project Isn't Being Done Right

Project Health Check

A classic way to consider project performance is via the triple constraint of scope/cost/time, often with quality thrown in the mix. In part 1 of this article series, we accepted that Projects sometimes need to be cancelled.

2017 233

5 Key Steps to Successful Project Management

Entry

To simplify things, here are five steps critical to the successful management of a project: Step 1: Initiate the Project by Defining the Scope. The project plan should contain performance measures and any process changes that need to take place and who and what will these changes impact.

2017 195

A Complete Guide to PMIS

ProjectManager.com

It is used to support all aspects of the project from initiating through closing and can include both manual and automated systems.”. Some will also have automated gathering and reporting on key performance indicators (KPIs).

2019 272

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. Objectives and performance measures for these staff should include a healthy balance between operational and project success metrics.

2016 190

Next Generation Project Management Software

Girl's Guide to PM

It covered identifying requirements, interconnecting tasks, resources, planned values, actual values, baselines, performance measures, forecast techniques and timesheets. Digitalization and Collaboration. The project and portfolio management (PPM) software market is changing.

2016 371

Different Project Management Terms Beginners Should Know

ProProfs Project Management

KPI stands for Key Performance Indicators. These indicators basically measure a project’s success by defining various metrics for different departments, such as marketing, sales, etc. Performance Measurement Baseline. Initiation Phase.

2020 90

Project Management Process & Phases

ProProfs Project Management

Initiating. Initiation is the very first phase of project management, and it is all about measuring the value, benefits, and feasibility of the project. The main tools used in initiation are the business case document and the benefits management plan. .

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. 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. Cost Performance Index/Indicator (CPI) .

Quote of the Day

Herding Cats

Goals are broad, measurable, aims that support the accomplishment of a mission. Initiative. An initiative is a specific set of actions that implement a strategy. Performance Measures. Performance measures describe performance targets relevant to each objective.

How to Delegate Tasks With More Confidence and Less Stress

Girl's Guide to PM

Third, that it’s a whole conversation from initiating the delegation through to agreeing when obligations have been discharged. As recipient of the delegation you have a duty to: Confirm the performance criteria are mutually understood and agreed.

2018 310

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

ExamsPM

Be a communications expeditor – initiate relationships. Performance reporting. Includes collecting and distributing project performance information. Project communications components include: Performance reports, Deliverables status, Schedule progress.

People Versus Process

Herding Cats

Get the best people (A players), put them on the toughest problems and incent them to perform. [3] Metrics that connect strategy with execution and measure the increasing maturity of the identified capabilities. Continuous performance assessment by measuring the right thing.

Applying Project Management Concepts in Real-life Projects

iZenBridge

While you may still need to do initial planning, you will not spend bulk of the time at this phase. In such projects, since we are using progressive planning, we usually don’t compare progress against baseline.Other types of measurements could be used here such as: What was the plan?

Managing in Presence of Uncertainty

Herding Cats

This is an immutable principle that impacts planning, execution, performance measures, decision making, risk, budgeting, and overall business and technical management of the project and the business funding the project no matter the domain, context, technology or any methods.

Start with Principles, Not Personal Anecdotes

Herding Cats

In the project domain, an estimate is a calculated approximation of some desired measurement. Here's an extract from "Chapter 8: Human Behavior and Complexity," Terry Cooke-Davies, in Aspects of Complexity: Managing Projects in a Complex World.

2018 50

Project Management Terms for Team Leaders

MindGenius

Improving the process is done using the DMAIC model (Defining, Measuring, Analysing, Improving and Controlling): Define: define the problem and how it is affecting your current process. Measure: measure your data, by doing this you will be able to understand what parts are working and what is not. Analyse: analyse the data that you have measured, to see what needs improvements. All three of these make up the performance measurement baseline.

Complete Collection of Project Management Statistics 2015

Wrike

80% of “high-performing” projects are led by a certified project manager. [4]. 89% of high-performing organizations value project management, 81% actively engage sponsors, 57% align projects with business strategy. [6]. How Project Success is Measured: 20% — Satisfied stakeholders.

2015 64

Why Johnny Can't Do The Math

Herding Cats

A system that exhibits non-ergodicity is characterized as one in which a subsequent stage of the system (project) depends only on the current stage, and over time, the system continuously evolves to forget its initial state and can be described by a Markov Process. [4]