article thumbnail

Misunderstanding Making Decisions in the Presence of Uncertainty

Herding Cats

Information about key project cost, performance, and schedule attributes is often uncertain or unknown until late in the program. in Effective Risk Management 2 nd Edition , Edmund Conrow, AIAA, 2003. in Effective Risk Management 2 nd Edition , Edmund Conrow, AIAA, 2003. And we all know. Papers on Risk Management.

2003 46
article thumbnail

A Short History of Project Management

MPUG

Another major project related happening was the growing popularity of value engineering (VE), which was widely used at General Electric. This functioned to help measure the value of alternatives (for example, using cheaper resources and/or materials to reduce project costs or design-to-cost) especially when there was a scarcity of resources.

PMI 81
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Compendium of Works to Increase Probability of Project Success

Herding Cats

March 6, 2003. The Simple Problem of Schedule Performance Indices , knowing how our project is performing means knowing how our Cost, Schedule, and Technical Performance is performing according to Plan. Continuous Risk Management , Risk management is essential for the success of any significant project.

article thumbnail

The Problems with Schedules

Herding Cats

All that line says is this was the baseline estimate at Completion for the project work. Then the chart shows that many projects cost more or take long (costing more) in the sample population of projects. . The answers should be YES to these Five Immutable Principles of Project Success. Just the estimate.

2003 28
article thumbnail

DDSTOP The Saga Continues

Herding Cats

We were on of the first users of eXtreme Programming, long before Scrum was around and presented that early work in 2003, " Making Agile Development Work in a Government Contracting Environment, Measuring velocity with Earned Value." . This also meant developing software systems to support this effort.

article thumbnail

DDSTOP The Saga Continues

Herding Cats

We were one of the first users of eXtreme Programming, long before Scrum was around and presented that early work in 2003, " Making Agile Development Work in a Government Contracting Environment, Measuring velocity with Earned Value." . This also meant developing software systems to support this effort.

article thumbnail

Webinar Recap: Project Performance Measurement – Part 3: Using MS Project to Track and Report on Performance

MPUG

So if you put a custom field in a 2003 project file, and you open it in 2019, the custom field will be there with the data. I now have a project cost dashboard. Not for a single project. This is looking at my Project Server, all the projects in Project Server. And it will.