Webinar Recap: Project Performance Measurement – Part 3: Using MS Project to Track and Report on Performance

MPUG

Please find below a transcription of the audio portion of Fletcher Hearn’s session, Project Performance Measurement – Part 3: Using MS Project to Track and Report on Performance, being provided by MPUG for the convenience of our members. So go back to project.

What is the Management Reserve for Project Budgets?

Project Risk Coach

Have you ever run out of money for a project? Unforeseen risks knock at your door. You look at your budget, but you don't have the funds to respond to these risks. Let's explore management reserves for projects, who controls them, and how to estimate the reserves.

Budget 247
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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. 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. These risks can be mitigated with a good risk management process.

2017 37

Compendium of Works to Increase Probability of Project Success

Herding Cats

Here's a collection of presentations, briefings, papers, essays, book content used to increase the Probability of Project Success (PoPS) I've written and applied over my career in the software-intensive system of systems and other domains. Business, Technical, Systems, Risk, and Project Management Briefings and Presentations. Management Processes (#MP). Project Performance Management (#PPM). Agile Project Management (#APM).

2015 37

Microeconomics and Risk Management in Decision Making for Software Development

Herding Cats

If we look at the discipline of software engineering, we see that the microeconomics branch of economics deals more with the types of decisions we need to make as software engineers or managers. The primary economic driver of the life-cycle structure is the significantly increasing cost of making a software change or fixing a software problem, as a function of the phase in which the change or fix is made. Now To Risk Management. All risk comes from Uncertainty.

2007 32

Different Project Management Terms Beginners Should Know

ProProfs Project Management

Project managers , who have just begun working on a project, may find it really stressful and time-consuming to manage multiple tasks, especially if they don’t know the basics. . Let’s dig into our project management glossary. Common Project Management Terms.

2020 91

Agile, Waterfall and Hybrid: Managing the Multiple-Methodology Portfolio

Keyedin

Today, PMOs working with waterfall (predictive), agile and hybrid project methodologies have a difficult time identifying a single version of the truth, which causes serious obstacles to productivity. Siloed project information scattered across numerous systems and geographies blocks decision-makers from insights into cost and schedule problems and cripples performance-measurement processes. The original post was published on project-management.com here.

A Complete Guide to PMIS

ProjectManager.com

An abundance of information is created, transferred and stored over the life cycle of a project. Without a way of organizing all information a project is doomed to fail. That’s what PMIS comes in, which is an acronym for project management information system. A project management information system (PMIS) is how information needed to run a project is organized. Resource Management: Including resource loading, leveling, allocation, etc.

2019 206

Agile, Waterfall and Hybrid: Managing the Multiple-Methodology Portfolio

Keyedin

Today, PMOs working with waterfall (predictive), agile and hybrid project methodologies have a difficult time identifying a single version of the truth, which causes serious obstacles to productivity. Siloed project information scattered across numerous systems and geographies blocks decision-makers from insights into cost and schedule problems and cripples performance-measurement processes. The original post was published on project-management.com here

Project Management Glossary: 200+ Terms PMs Frequently Use

Epicflow Blog

If you’re engaged in project management or your occupation is somehow related to it, you should have an eye for project management terms. We’ve compiled a glossary of essential and the most frequently used project management terms that can be a good assistant for you in your work. . is the description of all activities planned for completing a project. It contains all the details about the tasks a project team has to perform. .

Project Management Glossary: 200+ Terms PMs Frequently Use

Epicflow Blog

If you’re engaged in project management or your occupation is somehow related to it, you should have an eye for project management terms. We’ve compiled a glossary of essential and the most frequently used project management terms that can be a good assistant for you in your work. . is the description of all activities planned for completing a project. It contains all the details about the tasks a project team has to perform. .

The Problems with Schedules

Herding Cats

The Core Problem with Project Success. 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. All that line says is this was the baseline estimate at Completion for the project work.

2016 42

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

Herding Cats

Yes, projects have uncertainty. Projects are no exception. This is another example of Bad Management and Doing Stupid Things on Purpose. Using the chart from the post, showing the number of projects that went over their estimated effort, let's look closer at a process to sort out the conjectures made in the post about estimating. Research has shown there are 4 “major” causes of cost and schedule growth in our domain Estimating is only One of those causes.

2016 57