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.

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 management structure.

Risk 39

Trending Sources

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.

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.

Risk 43

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 26

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. In the Project Controls paradigm, Value is a measurable attribute of the project controls process - a Closed Loop Control measure.

Principles, Processes, and Practices of Project Success

Herding Cats

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?

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.

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. Active reduction requires we have a desired reduction goal, perform the work, and measure progress toward the rduction goal.

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. Susan, on the other hand, facilitated an early risk identification workshop.

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.

Integrated Master Plan - Revisited

Herding Cats

Designing, building, testing, and deploying complex systems is fraught with risk. And as always risk comes from uncertainty. Transparent – Comprehensible display of what needs to be done and how completion is measured. IT Risk Management.

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. Unrealistic Performance Expectations.

Acting Like an Adult in the Presence of Uncertainty

Herding Cats

Risk Management is how Adults Manage Projects - Tim Lister. Both these drivers of risk will impact the probability of success of projects. 1] "Considering Risk and Resilience in Decision Making," Wilfredo Torres-Pomales, Langley Research Center, Hampton, Virginia, NASA/TM-2015-218777.

2009 29

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 82

Wilo's Law and Mature Communications Processes

Herding Cats

Any successful technical communication needs to have: Measures of Effectiveness. Measures of Performance. Technical Performance Measures. Key Performance Parameters. Without these measures, there will always be someone who will interpret what you think you communicated in the wrong way. IT Risk Management. NoEstimates Management Planning Principles Project Management Requirements Risk Root Cause Analysis

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 Risk Management. It's common to misquote famous quotes. The #NoEstimates advocates love to use a Deming quote.

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). Aleatory and Epistemic uncertainties, which create the risk to the success of the project.

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. IT Risk Management.

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 identify technical risk.

The Problems with Schedules

Herding Cats

Unrealistic performance expectations missing Measures of Effectiveness and Measures of Performance. Unrealistic Cost and Schedule estimates based on inadequate risk adjusted growth models. Both these cause risk to cost, schedule, and technical outcomes.

2003 30

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). Aleatory and Epistemic uncertainties, which create the risk to the success of the project.

Next Generation Project Management Software

Girl's Guide to PM

In parallel, organisations demand greater project collaboration capabilities to deal with more challenging projects and improved portfolio analytics to better manage portfolio risk but cannot find an all-in-one tool to satisfy all their needs. Digitalization and Collaboration.

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

ExamsPM

Performance reporting. Includes collecting and distributing project performance information. Project communications components include: Performance reports, Deliverables status, Schedule progress. Risk Management – PMP Study Guide.

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). Since all projects operate in the presence of uncertainty, with the resulting risk - estimates are needed to make decisions that impact the future.

Systems Engineering and Software Intensive System of Systems

Herding Cats

Technical Performance Measures. IT Risk Management. 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.

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 14

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 ? In our domain this control system is the Risk Adjusted Earned Value Management System (EVMS).

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.

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.

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). Aleatory and Epistemic uncertainties, which create risk to the success of the project.

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). Aleatory and Epistemic uncertainties, which create the risk to the success of the project.

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.

Project Status Reporting – 6 Key Considerations

Project Health Check

The entire purpose of the Start-up Phase of a Project is to produce a comprehensive Plan for the Project; consisting of an integrated Performance Measurement Baseline (Time, Cost, Scope) and an associated Project Management Plan to monitor and control it.

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. If it's knowable, doesn't means it's known, but standard Risk Management has the means to deal with knowns and know unknowns - both reducible and irreducible. IT Risk Management. Risk Management is How Adults Manage Projects. Risk Management is How Adults Manage Projects.

The Tyranny of the Urgent - and how to manage it

Project Health Check

But robust planning in general will set up the project for success; things like engaged stakeholders, managed risks and a realistic Performance Measurement Baseline will reduce the likelihood of issues appearing in the first place.

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. . Software Measurement and Estimation: A Practical Approach , Linda M.