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]. Each of these, while well meaning, are missing the means to confirm their credibility.

Increasing the Probability of Project Success

Herding Cats

These charts are an extract from the book Performance-Based Project Management: Increasing the Probability of Project Success and the abstracted training materials Handbook. Increasing the Probability of Project Success Simple in Theory, Complex in Practice.

Trending Sources

Five Immutable Principles of Project Success

Herding Cats

Without these measures, Done will usually mean . Without these measures, Done will usually mean we ran out of time and money. . Measuring the effectiveness of these resources is needed to take corrective actions to assure we have enough to finish the project on time.

Definition of Done

Herding Cats

These Measures have Little meaning to the Decision Makers. Do those capabilities meet the Measures of Performance that characterize physical or functional attributes relating to the system operation, measured or estimated under specific conditions?

SCRUM 25

How to Talk About Estimates

Herding Cats

We can't talk about estimates or estimate, without also talking about the precision and accuracy of the estimate (the noun) after we have performed the estimate (the verb). . What is an estimate?

Performance-Based Project Management®

Herding Cats

Principles and Practices of Performance-Based Project Management® from Glen Alleman. Books Business Capabilities Decision Making Earned Value Economics Estimating Management Performance-Based Project Management® Planning Principles Project Management Root Cause Analysis Scheduling Technical Performance MeasuresSuccessfully managing projects, not matter the domain, the size, the development or engineering method starts with a set of Principles, Practices, and Processes.

Work Performance Data, Work Performance Information, and Work Performance Reports

Deep Fried Brain

In 2009, I did a series of posts on Work Performance Information, Work Performance Measurements and Performance Reports, highlighting how the PMBOK® Guide, Fourth Edition was utterly confusing. Commonly Confused Concepts Executing Monitoring and Controlling PMBOK Process Groups Study Notes

2009 15

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.

6 Tools and Techniques for Controlling Risks

Project Risk Coach

Technical performance measurement. The technical performance measurement is a measurement of the technical accomplishments. And they regularly perform the control activities to keep the project healthy. Changes in project risks are inevitable.

Misquotes of Deming

Herding Cats

It is wrong to suppose that if you can’t measure it, you can’t manage it – a costly myth. Technical Performance Measures. It's common to misquote famous quotes. The #NoEstimates advocates love to use a Deming quote.

Without a Root Cause Analysis, No Suggested Fix Can Be Effective

Herding Cats

Without determining which root cause is the source of the unfavorable performance of the projects shown in the first chart, no suggestion for corrections can be made. . Herding Cats: Project Management, Performance Measures, and Statistical Decision Making.

Assessing Value Produced in Exchange for the Cost to Produce the Value

Herding Cats

A target Value must be measured in units meaningful to the decision makers. Measures of Effectiveness and Performance that can monetized this Value. Without these measures attached to the Value there is no way to confirm that the cost to produce the Value will breakeven.

Value and the Needed Units of Measure to Make Decisions

Herding Cats

Without units of measure of Value beyond time and money, there can be not basis of comparison between one value based choice and another. In the Systems Engineering world where we work, there are four critical units of measure for all we done. They include projected performance.

Acting Like an Adult in the Presence of Uncertainty

Herding Cats

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. Herding Cats: Project Management, Performance Measures, and Statistical Decision Making.

2009 28

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.

The Problems with Schedules

Herding Cats

Unrealistic performance expectations missing Measures of Effectiveness and Measures of Performance. There is a common chart used to show poor performance of projects that compares Ideal project performance with the Actual project performance.

2003 29

What is an Estimate? What is Estimating?

Herding Cats

There are several partitions of this information that are common in building the Performance Measurement Baseline (PMB). I work in a domain where estimates are made every single week.

Advice for Project Managers: How do I measure the success (or failure) of my projects?

LiquidPlanner

“Dear Elizabeth: I want to get better at measuring the success (or failure) of my projects. And how can I use these metrics to improve project performance?”. These measures will give you some interesting management information and might help you manage the team.

Systems Engineering and Software Intensive System of Systems

Herding Cats

Technical Performance Measures. There was a Twitter post mentioning Russell Ackoff YouTube about systems. A system is never the sum of its parts, it's the product of their interactions. This is a good start, but it needs to produce actionable outcomes , not just principles, but practices and processes. How do you define, design, represent, assess, analyze, and manage these interactions. The notion that systems are somehow unmanageable is fine in some domains.

Invoking "Laws" Without a Domain or Context

Herding Cats

Its most popular formulation is: "When a measure becomes a target, it ceases to be a good measure." What this says is again when the measure becomes the target, that target impacts the measure, changing the target. . Is this macroeconomic model a correct operational model for software development processes - measuring changes the target ? EVM is a project management technique for measuring project performance and progress in an objective manner.

Cone of Uncertainty - Part Cinq

Herding Cats

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). The Cone is NOT the result of the project's past performance.

Human Resources needs to be part of your company’s agile transformation!

Kiron Bondale

Companies are often organized into departments of distinct, specialized skills and performance measurement programs emphasize the individual instead of teams.

Do you know, really know….?

Ron Rosenhead

The project manager had no view at all of his performance and no development needs were discussed. He told me that he had not had the usual performance management review nor sat with anyone to produce a personal development 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.

2010 11

Cone of Uncertainty - Part Cinq (Updated)

Herding Cats

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). The Cone of Uncertainty describes the evolution of the measure of uncertainty during a project.

Closed Loop Control and Granularity of the Estimating Process

Herding Cats

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 ). For your Honeywell or Nest controller on the wall, that sample rate is measured in seconds. It can be the cost, schedule, and technical performance measures of the software project.

Is Macroeconomics and Social Science the Same as Software Development?

Herding Cats

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. There a popular notions in the agile development world that authors like Hayek and Taleb speak to how software development works. Let's look at one example. You Can’t Understand Agile Without Understanding Hayek. Let's look at Hayek's paper. " The Use of Knowledge in Society ," F.

Cone of Uncertainty - Part Deux

Herding Cats

The Cone is a project management framework describing the uncertainty aspects of estimates or any other project attribute (in this post, cost, schedule, and technical performance parameters). There can be cost and schedule performance measures as well.

Deconstructing The Cone of Uncertainty

Herding Cats

Landmark’s measure of success over these three years had much more to do with customer satisfaction and market share than with meeting knowingly aggressive targets. Don't toss out the notion that reducing risk and uncertanty and all other performance measures doesn't follow the plan. . The Cone of Uncertainty is the Planned reduction in the uncertainty of critical project variables (cost, schedule, technical performance) needed to increase the probability of project success.

Cone of Uncertainty - Part Trois

Herding Cats

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). The Cone is NOT the result of the project's past performance.