Remove 2012 Remove Budget Remove Performance Measurement
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Compendium of Works to Increase Probability of Project Success

Herding Cats

Project Performance Management (#PPM). Technical Performance Measures (#TPM). Cost, Schedule, and Technical Performance Management (#CSTPM). But each method needs to be based on 5 Immutable principles to be successful, no matter the domain or context, PMI Spring Seminar , 2012, Austin TX. Risk Management (#RM).

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Deconstructing The Cone of Uncertainty

Herding Cats

Shipping on time, to specifications, and within budget might be meaningless if a competitor is shipping software that has a greater value to the market. The notion of reducing uncertainty may be possible, but shipping on time and budget may be meaningless if a competitor ships greater value. Wallshein, Ph.D.

2007 42
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Misinterpretations of the Cone of Uncertainty

Herding Cats

The Cone of Uncertainty as a Technical Performance Measure. If the parameter of interest is not being reduced as needed, go find out why and fix it, or you'll be late, over budget, and the technical outcome unacceptable. The Cone of Uncertainty is the framework for improving the needed performance of the project.

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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. Monte Carlo Simulation of Project Performance.

2010 28
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Complete Collection of Project Management Statistics 2015

Wrike

Organizations that use a methodology: 38% meet budget. VS. Organizations that don’t use a methodology: 31% meet budget. More than 90% of organizations perform some type of project postmortem or closeout retrospective. [9]. How Project Success is Measured: 20% — Satisfied stakeholders. 18% — Delivered within budget.

2015 60
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Risk Management is How Adults Manage Projects

Herding Cats

All making things smaller dos is show that you're late, over budget, and what you're building (Technical Performance Measures) doesn't work faster. Foundations of Risk Management, 2nd Edition, Terje Aven, John Wiley & Sons, 2012. This is good, but it doesn't reduce risk. It just closed the loop faster.

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Modeling the Future is the Basis of Project Success

Herding Cats

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.