Phrases Used for Technical Performance Measures

Herding Cats

All project progress is measured independent of resources expended - Mr. Gary Bliss, Director Performance Assessment and Root Cause Analysis (PARCA), US Department of Defense. Budget control is mandatory for any credible management of other peoples money.

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]. What reducible uncertainties and the resulting risks were Not handled? USAF Cost Risk Uncertainty Handbook.

6 Tools and Techniques for Controlling Risks

Project Risk Coach

Changes in project risks are inevitable. As a project progresses, the probability and impact of current risks change, new risks emerge, and residual risks may increase or decrease. Allow me to introduce you to two project managers—Tom and Susan.

6 Tools and Techniques for Controlling Risks

Project Risk Coach

Changes in project risks are inevitable. As a project progresses, the probability and impact of current risks change, new risks emerge, and residual risks may increase or decrease. Allow me to introduce you to two project managers—Tom and Susan. Risk reassessment.

A Compendium of Works to Increase the Probability of Project Success

Herding Cats

Business, Technical, Systems, Risk, and Project Management. Managment Processes. Nine Best Practices of Project Management , Software Program Managers Network (SPMN). Top Habits of Successful Project Managers. Ten Rules for Common Sense Program Management.

2003 59

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

Risk 48

Is There an Underlying Theory of Software Project Management?

Herding Cats

Management Performance-Based Project Management® Planning Principles Project Management Requirements Risk Scheduling Technical Performance Measures Theory

Increasing the Probability of Project Success

Herding Cats

and the connections between each Process are made to form a Closed Loop control systems needed to manage any project. These charts are an extract from the book Performance-Based Project Management: Increasing the Probability of Project Success and the abstracted training materials Handbook.

2017 90

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. 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?

Performance-Based Project Management®

Herding Cats

Performance–Based Project Management ® integrates five critical program management process areas with – Cost, Schedule, and Technical Performance Measures. Done” is always defined in units of measure meaningful to the decision maker.

Risk Management is How Adults Manage Projects

Herding Cats

In a recent exchange in social media, it was clear the notion of risk and the sources of risk, the consequences or risks and managing in the presence of risk was in very unclear, when it was conjectured , we can simply slice the work into small bits and REDUCE risk. .

2003 49

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). . The best starting point for determining the NEEDED precision and accuracy is to determine the Value at Risk. .

Connecting "What" with "How" - and the Failure to Understand the Principles of Systems Engineering and Systems Management

Herding Cats

Systems engineering is an interdisciplinary field of engineering and engineering management that focuses on how to design and manage complex systems over their life cycles. Progress and Value are measured with the same in Earned Value Management.

Biases in Project Management and How to Remove Them

Herding Cats

There is always lots of complaining about the biases introduced into managing projects and making the estimates needed to make project decisions. The first step is to recognize there are immutable principles of managing in the presence of uncertainty.

Decision Analysis - Ordinal and Cardinal Measures

Herding Cats

Brown and his book The Handbooks of Program Management: How to Facilitate Project Success with Optimal Program Management and my review of the same book. AHP is based on the principle that all measurements are relative. Risk assessment can be made with Ordinal value as well.

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?

2017 49

Integrated Master Plan - Revisited

Herding Cats

Designing, building, testing, and deploying complex systems is fraught with risk. And as always risk comes from uncertainty. What About the Plan to Manage in the Presence of Uncertainty . Traceable – Aligns with other program management artifacts. IT Risk Management.

From Mission Capabilities to Done

Herding Cats

No matter the project domain or the technical development method, project success is dependent on knowing what Done looks like in units of measure meaningful to the decision maker. These measures are stated in units, meaningful to the buyer.

2017 46

Increasing the Probability of Program Success

Herding Cats

Our topic is Increasing the Probability of Program Success Thorugh Continuous Risk Management. . Risk Management is How Adults Manage Projects. If you are not managing risk on your project, what are you managing? Risk-Adjusted Plans.

Principles, Processes, and Practices of Project Success

Herding Cats

For project management domain, what are some Principles? What does Done look like in units of measure meaningful to the decision makers? What impediments will be encountered along the way to Done and what work must be performed to handle these impediments?

Value First, Requires Margin and Contingency

Herding Cats

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.

4 Fallacious Reasons to Estimate and Why Those Are Fallacious

Herding Cats

I need an estimate because… I need to measure productivity. Although I understand measuring productivity could work well for repeatable activities, it's hard to believe it works well for abstract and, ultimately, non-repeatable tasks like software development. IT Risk Management.

Cone of Uncertainty Bibliography

Herding Cats

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.

2008 42

INVEST, Scrum and Enterprise IT

Herding Cats

Risk interaction within systems and subsystems, between functional and physical elements, can also be modeled with DSM. DSM models interacting risks in a graphical representation produce numerical simulations of the risk and impacts on the probability of program success.

SCRUM 40

Cone of Uncertainty - Revisited

Herding Cats

We're writing two chapters in an upcoming Project Management Book, with a working title, The Gower Handbook of Project Performance for Agile, Waterfall and Everything in Between , edited by Mark Phillips.

2012 37

Misinterpretations of the Cone of Uncertainty

Herding Cats

The Cone of Uncertainty as a Technical Performance Measure. Uncertainty creates Risk. Risk management requires active reduction of risk. Management of this reduction work and measurement of the progress is a Close Loop Control System paradigm.

INVEST, Scrum and Enterprise IT

Herding Cats

Risk interaction within systems and subsystems, between functional and physical elements, can also be modeled with DSM. DSM models interacting risks in a graphical representation produce numerical simulations of the risk and impacts on the probability of program success.

SCRUM 36

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.

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. The units of measures of Cost and Time are straightforward. Value to the business can be defined using these measures.

Biases in Project Management and How to Remove Them

Herding Cats

There is always lots of complaining about the biases introduced into managing projects and making the estimates needed to make project decisions. Optimism bias - a cognitive bias that causes a person to believe that they are at a lesser risk of experiencing a negative event compared to others. The first step is to recognize there are immutable principles of managing in the presence of uncertainty. 2] "The effect of fast and slow decisions on risk taking," M.

What Is Risk?

Herding Cats

Risk is the effect of uncertainty of objectives. In the context of risk management, uncertainty exists whenever the knowledge or understanding of an event, consequence, or likelihood is inadequate or incomplete ? ISO 31000:2009, ISO 17666:2016 and ISO 11231:2010 Risk is Uncertainty that Matters. Risk can be the potential consequence of a specific outcome that affects the system's ability to meet cost, schedule, and/or technical objectives. IT Risk Management.

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. Now To Risk Management. Risk is the effect of uncertainty of objectives.

2007 42

Helping functional managers through an agile transformation

Kiron Bondale

A lot has been written about the challenges caused by functional managers when their company undergoes an agile transformation. In the absence of such internal support, coaches could be hired to create a critical mass of change advocates among middle management.

Agile 208

Next Generation Project Management Software

Girl's Guide to PM

The project and portfolio management (PPM) software market is changing. Project management practitioners are looking for new lean and agile project management tools to support their day-to-day work and often seek them outside the tools that their organisations offer them.

2016 395

A Complete Guide to PMIS

ProjectManager.com

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 345

Does your organization truly support project management?

Kiron Bondale

The April 2016 issue of PM Network provided updated project management capability findings from PMI’s 2016 Pulse of the Profession ® report. Objectives and performance measures for these staff should include a healthy balance between operational and project success metrics.

2016 190

5 Key Steps to Successful Project Management

Entry

Managing your first project can be daunting. To simplify things, here are five steps critical to the successful management of a project: Step 1: Initiate the Project by Defining the Scope. Define how to address risks should they arise. Project Management

2017 195

3 Questions That Must Be Asked at Every Project Management Meeting

Herding Cats

Here's the three questions, and the framework for the answers in the project management domain. In the ConOps are measures of Effectiveness for the components of the project that implement the Capabilities . The only answer to that is a measure of Physical Percent Complete (P%C).

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.

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

ProjectManager.com

While managing a project it is easy to become myopic and focus solely on success as measured by the project. But, of course, there are other factors at play even at the project level, from stakeholders to end users to the choice of project management software.