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. Why Reserves are Needed During the course of a project, you and your project team identify risks which are referred to as known/unknown risks. These risks are known – that is, they've been identified.

Budget 284

Budget Estimate Controlling Performance Measurement 284

ProjectManager.com

JANUARY 31, 2024

Relatively new, the balance scorecard was introduced in 1992 by David Norton and Robert Kaplan, by taking existing metric performance measures and adapting them to include nonfinancial information. It’s a common management tool worldwide, used across industries, including government and nonprofit organizations.

Performance Measurement 395

Performance Measurement Governance Government Initiating 395

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. Kyle: And welcome to Part 2 of MPUG’s Project Performance Measurement course. They have 1.5

Performance Measurement 59

Performance Measurement Underperforming Technical Team Software Engineering Engineering 59

Rebel’s Guide to PM

JULY 20, 2023

Some examples of the project delivery artifacts that fall into this category that I use to manage my own projects at work include: Assumption log Actions log Decision log Risk register Issue log Change log Backlog (see, agile project artifacts are relevant too) Stakeholder register These documents represent a set of continuously evolving documents.

Logistics 258

Logistics Artificial Inteligence PMI Performance Measurement 258

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. This one’s titled using MS Project to track and report on performance.

Performance Measurement 52

Performance Measurement Technical Review Software Review Budget 52

Rebel’s Guide to PM

JANUARY 21, 2021

For 6 months, I planned and coordinated the induction, training, and performance measurement of all my team and new hires. We should be focusing on enhancing our ability to adapt, adjust to risks, and changes we were not expecting. Rachel Mata.

Technical Review 461

Technical Review Logistics Innovation 2019 461

NimbleWork

APRIL 16, 2024

Planning: In this process, project managers develop a comprehensive project plan that outlines the scope, schedule, budget, resources, and risks associated with the project. These techniques are essential for managing project resources, controlling project scope, managing risks, and ensuring project success.

Process 52

Process 2030 Software Review Estimate 52

Wrike

JUNE 11, 2023

The importance of risk management in IT cannot be overstated. However, with this reliance comes the inherent risks of cyber threats, data breaches, and operational disruptions. Once the risks have been identified and assessed, organizations must develop and implement strategies to manage and mitigate them.

Risk Management 36

Risk Management Risk Underperforming Technical Team Technical Review 36

ProjectManager.com

APRIL 14, 2022

Next, you’ll want to develop performance measure thresholds in order to make sure everyone is in agreement that the quality objectives have been met. Customers will have to agree with all the quality objectives and measurements of quality. Risk Register Template. Then, you can schedule and assign tasks to your team.

Planning 331

Planning Software Review Manufacturing Monitoring 331

WorkOtter

FEBRUARY 10, 2023

In that case, you can risk misallocating essential resources to necessary projects and reaching long-term, sometimes multi-year, goals such as growth, revenue, or innovation. Resource and Risk Management Allocating resources is one of the project portfolio management basics, yet it can also help minimize risk.

Performance Measurement 78

Performance Measurement Software Review Risk Management Innovation 78

ProjectManager.com

JUNE 23, 2021

The schedule performance index was created to eliminate the guesswork and give a specific, quantifiable answer to the question, as well as show where improvements need to be made for maximum efficiency. What Is the Schedule Performance Index? No more struggling with equations and risking mistakes.

Performance Measurement 430

Performance Measurement Planning Risk Management Monitoring 430

ProjectManager.com

DECEMBER 24, 2019

Timetables, deliverables, resources and even risks—everything that is involved with a project is wrapped up inside the schedule. Keeping an open line of communication on many ends will not only lessen risk but will ensure a seamless project process. But as they say, even the best-laid plans of mice and men often go awry.

Software Review 282

Software Review Risk Management Risk Performance Measurement 282

Herding Cats

OCTOBER 11, 2016

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. NASA Cost Estimating Handbook.

Performance Measurement 28

Performance Measurement Aerospace 2006 Estimate 28

The Strategic Project Manager

MARCH 14, 2024

Risk Management – Project managers can leverage value innovation principles to inform risk management strategies. This can help them identify and mitigate risks associated with innovation. Stakeholder Engagement – Project and program managers need to engage stakeholders throughout the project lifecycle.

Innovation 52

Innovation Sustainability Performance Measurement Risk Management 52

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. . This is good, but it doesn't reduce risk.

Risk Management 43

Risk Management Risk 2003 2011 43

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. Programmatic ?

Risk 39

Risk Technical Review 2009 2010 39

Herding Cats

MARCH 17, 2019

Business, Technical, Systems, Risk, and Project Management. Project Performance Management. Connecting the 5 Principles and 5 Practices of Performance-Based Project Management ® To Increase the Probability of Project Success. Building a Credible Performance Measurement Baseline. Risk Management.

2003 54

2003 2011 2008 Performance Measurement 54

The IIL Blog

OCTOBER 17, 2023

Earned Value Management (EVM) A systematic approach to project performance measurement assessing schedule and cost performance. RAID (Risks, Assumptions, Issues, Dependencies) Log A document that tracks and manages project risks, assumptions, issues, and dependencies. a project).

Development Team Review 148

Development Team Review Project Life Cycle Underperforming Technical Team Estimate 148

ProjectManager.com

NOVEMBER 11, 2021

Performance reporting provides that information by putting performance measurement, quality assurance and accountability data in context. Performance reports (like a project status report) do more than just show key performance indicators.

Software Review 303

Software Review Underperforming Technical Team Monitoring Executing 303

Kiron Bondale

JANUARY 6, 2019

But after finishing the book, I realized that there is a much more compelling example of the challenges experienced with risk asymmetry in many large organizations, namely with those staff who are responsible for developing the policies, standards and methods used by teams for delivering projects or products.

Controlling 180

Controlling PMO Performance Measurement Influencer 180

ProjectManager.com

MARCH 1, 2023

Total Effective Equipment Performance (TEEP) Total effective equipment performance measure utilization. Again, this is determined by performance multiplied by quality by availability. There are also risk management tools to track issues in your production line until they’re resolved.

Manufacturing 252

Manufacturing Software Review Performance Measurement Monitoring 252

ProjectManager.com

APRIL 24, 2019

That includes action plans , internal controls, OKRs , performance measurements and corporate disclosures. Corporate governance is more than merely a device to control a corporation; it is helpful on the project level too, as it presents oversight on compliance, mitigating risk and offers guidance and direction for project managers.

Governance 268

Governance Government Influencer Executing 268

Kiron Bondale

SEPTEMBER 16, 2018

As Tony Robbins would say, “ Where focus goes, energy flows “ If we haven’t updated performance measures for functional managers and their staff, it will be much harder to encourage them to change. Metrics aren’t the sole driver of behavior but they do draw a lot of focus.

Agile 189

Agile Performance Measurement Energy Sustainability 189

Herding Cats

APRIL 16, 2019

Business, Technical, Systems, Risk, and Project Management Briefings and Presentations. Project Performance Management (#PPM). Risk Management (#RM). Technical Performance Measures (#TPM). Business, Technical, Systems, Risk, and Project Management. Project Performance Management. Management Processes.

Technical Review 42

Technical Review Performance Measurement Underperforming Technical Team Governance 42

Herding Cats

SEPTEMBER 26, 2018

Establish a Performance Measurement Baseline (PMB) for performing the work that implements the requirements. Execute the Performance Measurement Baseline. Perform Continuous Risk Management (CRM) on everything you do on the project. Risk Management is Project for Adults - Tim Lister.

Performance Measurement 116

Performance Measurement Risk Management Defining Risk 116

Leading Agile

APRIL 29, 2021

Return on Investment or ROI is a performance measure used to evaluate the efficiency of an investment. The Payback Period is a performance measure that predicts how long it will take for the company to get the money it invested in its transformation effort back. Payback Period.

Finance 84

Finance Agile Performance Measurement Estimate 84

Herding Cats

MARCH 11, 2018

Research clearly shows the root causes of most software projects cost and schedule overruns and technical shortfalls comes from poor risk management. Now To Risk Management. Risk is the effect of uncertainty of objectives. ISO 31000:2009, ISO 17666:2016, and ISO 11231:2010 Risk is Uncertainty that Matters.

Software Developers 34

Software Developers Software Development Risk Management Risk 34

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. But what does this look like for team members working on projects?

Performance Measurement 194

Performance Measurement Leadership Risk Management Risk 194

The Strategic Project Manager

MARCH 11, 2024

Performance Measurement: The Strategy Canvas can serve as a tool for monitoring and measuring the performance of projects, programs, and portfolios over time. Risk Management: Identifying and managing risks is a critical aspect of project, program, and portfolio management.

Technical Review 105

Technical Review Innovation Sustainability Retail 105

ProjectManager.com

SEPTEMBER 4, 2019

Some of those areas are integration management, project scope management, project cost management, project time management, project quality management, project communications management, project risk management, project procurement management and project stakeholder management. Therefore, a PMIS is so important.

Software Review 211

Software Review Project Life Cycle Closing Budget 211

Project Pulse Journal

MARCH 18, 2024

Imagine navigating project risks confidently with efficient resource utilization, managing projects for maximum efficiency, and promoting a culture of transparency and accountability within your project team and organization. However, it's not merely about mitigating risks; it's about transforming them into opportunities for value creation.

Governance 52

Governance Government Risk Management 2015 52

MPUG

APRIL 4, 2022

For example, it may be that some planned meetings didn’t materialize, planned tasks were never started, or your team didn’t execute a set of risk mitigation tasks because the risk(s) didn’t occur. It’s possible that during a project life cycle, some planned activities are never executed.

Closing 109

Closing Performance Measurement Project Life Cycle Executing 109

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.

Risk Management 42

Risk Management Risk Estimate Underperforming Technical Team 42

Entry

SEPTEMBER 1, 2017

The project plan should contain performance measures and any process changes that need to take place and who and what will these changes impact. Define how to address risks should they arise. The project plan should provide direction over the project’s lifespan. Review the plan with status updates.

Software Review 150

Software Review Infrastructure Performance Measurement Initiating 150

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.

Performance Measurement 42

Performance Measurement Estimate Risk Management Budget 42

Project Pulse Journal

MARCH 7, 2024

Each knowledge area plays a role in value delivery by enabling effective project governance, resource management, risk mitigation, and stakeholder engagement. Organizations can optimize project performance and outcomes by integrating these functions into a cohesive framework.

Governance 52

Governance Government Technical Review Sustainability 52

Herding Cats

OCTOBER 12, 2018

In Earned Value Management paradigm, progress is always measured as physical percent complete. This physical percent complete is measured as compliance with the Technical Performance Measures of the outcomes of the work efforts, that consume the budget for that work. Technical Performance Measures.

Engineering 32

Engineering Performance Measurement Underperforming Technical Team Risk Management 32