MPUG
MAY 6, 2021
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. Fletcher Hearns: What can be measured?
Green Project Management
FEBRUARY 5, 2022
Investopedia explains Return on investment (ROI) as a performance measure used to evaluate the efficiency or profitability of an investment or compare the efficiency of a number of different investments. Entries P5 Risk of Inaction P5 Standard PRiSM Methodology
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Herding Cats
MAY 16, 2019
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. Measuring progress must be in units meaningful to the decision maker. This bounding of the cost estimate may be attempted through sensitivity analyses or through a formal quantitative risk analysis.
MPUG
MAY 14, 2021
Please find below a transcription of the audio portion of Fletcher Hearn’s session, Project Performance Measurement – Part 2: What to Measure and How to Report, being provided by MPUG for the convenience of our members. This one covering, What to Measure and How to Report.
MPUG
MAY 21, 2021
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.
Project Risk Coach
JUNE 19, 2017
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. How can project managers optimize their risk responses and get the results they are looking for? Allow me to introduce you to two project managers—Tom and Susan. Susan, on the other hand, facilitated an early risk identification workshop. Risk reassessment.
Herding Cats
OCTOBER 11, 2016
There is a current rash of suggestions on how to improve the performance of software projects. I work in the Software Intensive System of Systems domains in Aerospace, Defense, Enterprise IT (both commercial and government) applying Agile, Earned Value Management, Productive Statistical Estimating (both parametric and Monte Carlo), Risk Management, and Root Cause Analysis with a variety of capabilities. Figure 1 - Planned Estimates versus Actual Performance from [1].
Herding Cats
AUGUST 5, 2017
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. The emerging risks that can be identified early in the project that impact the project later are often termed “known unknowns.”
Herding Cats
MARCH 17, 2019
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. 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. Project Performance Management.
Herding Cats
JANUARY 5, 2017
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. Capabilities Earned Value Estimating Governance Management Performance-Based Project Management® Principles Requirements Risk Root Cause Analysis Technical Performance Measures
Herding Cats
APRIL 16, 2019
Business, Technical, Systems, Risk, and Project Management Briefings and Presentations. Management Processes (#MP). Project Performance Management (#PPM). Agile Project Management (#APM). Risk Management (#RM). Technical Performance Measures (#TPM). Cost, Schedule, and Technical Performance Management (#CSTPM). Earned Value Management (#EVM). Integrating Agile and Earned Value Management (#AEVM).
Project Risk Coach
MARCH 2, 2021
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. These risks are known – that is, they've been identified.
Herding Cats
SEPTEMBER 16, 2018
Management Performance-Based Project Management® Planning Principles Project Management Requirements Risk Scheduling Technical Performance Measures TheoryHere's a paper that has been under constant development for several years now and is headed to a Journal and part of an upcoming book chapter. The motivation for the paper started when there were claims made the somehow agile software projects were different than other types of projects.
Herding Cats
MAY 1, 2017
Performance–Based Project Management ® integrates five critical program management process areas with – Cost, Schedule, and Technical Performance Measures. The inclusion of Technical Performance Measures (TPM) separates this approach from conventional methods based solely on managing cost and schedule. Done” is always defined in units of measure meaningful to the decision maker. Build a Risk Adjusted Project Plan in 6 Steps.
Herding Cats
APRIL 29, 2017
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. . If I'm risking two weeks of work for the Scrum team of 5 people it's a much different need from the risk of a $10B manned spaceflight program being supported to congress for budget authorization. .
Herding Cats
APRIL 30, 2019
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? With this information, the management of the project installs corrective or preventive actions to remove or reduce as much as possible those conditions and activities. Reducible risks.
Herding Cats
JUNE 9, 2018
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.
Herding Cats
NOVEMBER 29, 2017
Designing, building, testing, and deploying complex systems is fraught with risk. And as always risk comes from uncertainty. Much has been written about the sources of risk and how to Manage in the Presence of Uncertainty (This briefing describes how risk is managed for each element of the Integrated Master Plan). . What About the Plan to Manage in the Presence of Uncertainty . Traceable – Aligns with other program management artifacts.
Herding Cats
OCTOBER 12, 2018
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. Systems engineering has its roots in the fundamentals, principles, and models of foundational systems sciences, and associated management and engineering sciences. Progress and Value are measured with the same in Earned Value Management. The Measures of effectiveness.
Herding Cats
NOVEMBER 14, 2018
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 can be used as a Value Management System to organize the criteria and assess trades off costs and benefits in considering total value. AHP is based on the principle that all measurements are relative. This decision model for software development projects addressed: performance, cost, time, and risk.
Herding Cats
MARCH 31, 2017
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? What are the units of measures of progress to plan for each deliverable? With execution underway, managing the risks of the project becomes our focus beyond the engineering work.
Herding Cats
AUGUST 12, 2017
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: Measures of Effectiveness (MOE) – are the operational measures of success that are closely related to the achievements of the mission or operational objectives evaluated in the operational environment, under a specific set of conditions.
Herding Cats
DECEMBER 5, 2017
Our topic is Increasing the Probability of Program Success Thorugh Continuous Risk Management. . The origins of this paper came about at a recent JSCC meeting here in Boulder, with local Aerospace contractors, the DCMA (Defense Contract Management Agency) and several government agencies (NRO and NASA). Risk Management is How Adults Manage Projects. If you are not managing risk on your project, what are you managing?
Herding Cats
AUGUST 27, 2017
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. Thus, the common approach to "measure productivity" is to compare the estimates against what, in fact, happened. This is standard Product Management. Done by every Product Manager for every Product Company.
Herding Cats
APRIL 4, 2019
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. . First, the only risk that can be reduced is the risk created by Epistemic Uncertainty. Making things small does not reduce the risk it may make the uncertainty smaller.
Herding Cats
JANUARY 29, 2018
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. So how do you determine the cost and time when that Value should be available for use in the presence of the naturally occurring (aleatory) and event-based (epistemic) uncertainties that create the risk to that Value? IT Risk Management.
ProjectManager.com
APRIL 14, 2022
Project managers know all about the triple restraint: time, scope and cost. The quality of your work can make or break a project, which is why a quality management plan is so important. What Is a Quality Management Plan? Why Is a Quality Management Plan on a Project Important?
Herding Cats
DECEMBER 8, 2017
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. It can be the needed performance of a measure - Effectiveness, Performance, Key Performance Parameter, or a Technical Performance Measures.
Herding Cats
JUNE 9, 2018
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.
Herding Cats
JUNE 7, 2018
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. Besides the process, software, and User Experience modeling of the interdependent components, Risk Management and most critically Risk Propagation can be modeled with DSM.
Herding Cats
MARCH 5, 2017
These Measures have Little meaning to the Decision Makers. Do those capabilities meet the Measures of Effectiveness needed to accomplish the mission of the system in operational units of success closely related to the achievements of the mission or operational objectives evaluated in the operational environment, under a specific set of conditions? These are attributes to assure the system has the capability and capacity to perform.
Herding Cats
JUNE 19, 2017
The Cone of Uncertainty as a Technical Performance Measure. Uncertainty creates Risk. Risk management requires active reduction of risk. Active reduction requires we have a desired reduction goal, perform the work, and measure progress toward the rduction goal. Management of this reduction work and measurement of the progress is a Close Loop Control System paradigm. The Cone of Uncertainty as a Technical Performance Measure.
Herding Cats
JUNE 4, 2017
Without these measures, Done will usually mean . Without these measures, Done will usually mean we ran out of time and money. . The test of the hypothesis for projects are the Measures of Effectiveness, Measures of Performance, Key Performance Parameters, and techTechnicalformance Measures used to assess progress to plan for the project. Risk Management is How Adults Manage Projects - Tim Lister. No Adult Management.
Herding Cats
DECEMBER 4, 2017
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.
Herding Cats
AUGUST 1, 2018
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. One chapter on the Principles of Risk Management and the second chapter on the Practices of Risk Management. In the book is the mention of the Cone of Uncertainty as it applies to managing in the presence of uncertanty.
Herding Cats
FEBRUARY 12, 2018
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.
Herding Cats
JUNE 7, 2018
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. Besides the process, software, and User Experience modeling of the interdependent components, Risk Management and most critically Risk Propagation can be modeled with DSM.
Rebel’s Guide to PM
MARCH 18, 2021
In this article we’ll look at the types of artifacts in project management, typical documents for each type. In project management, artifacts relate to documents: the project documentation you produce that defines and supports the work you are doing.
WorkOtter
FEBRUARY 10, 2023
Data transparency is one of the most basic project portfolio management components. Project Portfolio Management and Business Success Several project portfolio management components make our software at Work Otter the most effective in the industry. Portfolio Management
Kiron Bondale
SEPTEMBER 4, 2022
When we are considering operational work, quiet quitting is putting in the least effort to perform the standard responsibilities of one’s role such that required performance measurements are met. Is their workload manageable?
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