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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 PerformanceMeasurement Baseline. Measures of Product Value is Exchange for Its Cost. Technical PerformanceMeasures.
Please find below a transcription of the audio portion of Fletcher Hearn’s session, Project PerformanceMeasurement – 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.
Project Performance Management (#PPM). Technical PerformanceMeasures (#TPM). Cost, Schedule, and Technical Performance Management (#CSTPM). Project Performance Management. Building a Credible PerformanceMeasurement Baseline - without a good foundation, nothing can be built. Risk Management (#RM).
Without knowing what Done Looks Like, in units of Measures of Effectiveness and Measures of Performance. Technical PerformanceMeasures (TPM) - are defined at the start of a program—the planned progress of selected technical parameters. These MoE's and MoP's and other starts at the systems level [6].
In the project domain, an estimate is a calculated approximation of some desired measurement. This is usually a cost, a completion date, a performancemeasure used in a closed loop control system to keep the project GREEN while delivering the needed Capabilities to produce the Value for the customer at the needed time for the needed cost.
Unrealistic performance expectations missing Measures of Effectiveness and Measures of Performance. Defining the Measures of Performance, the resulting Measures of Effectiveness, and the Technical PerformanceMeasures of the resulting project outcomes is a critical success factor.
All making things smaller dos is show that you're late, over budget, and what you're building (Technical PerformanceMeasures) doesn't work faster. Oriented Perspective , 1st Edition, Terje Aven, John Wiley & Sons, 2003. Effective Risk Management , 2nd Edition, Edmund Conrow, AIAA, 2003.
The number of firms with a PPM process in place grew from 64% in 2003 to 71% in 2013. [13]. Implement/enhance performancemeasurement process – 39%. [13]. Portfolio Project Management (PPM). 53% of respondents say they have a project portfolio management process in place. [6]. Popularity by Industry: Finance – 87%.
For approaches that have been implemented on existing systems, obtaining such understanding may require measurement and analysis. For scenarios where the project under consideration does not yet exist, performance prediction using analytical modeling or simulation is necessary. The IMS is then placed on a baseline in the PMB.
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