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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.
As an example, the aerospace division of a Fortune 500 company benchmarked against their competitors. At the end of the benchmarking period, everyone in the aerospace group were hugging and congratulating each other after the results appeared showing how good they thought they were in project management.
The origins of this paper came about at a recent JSCC meeting here in Boulder, with local Aerospace contractors, the DCMA (Defense Contract Management Agency) and several government agencies (NRO and NASA). Our topic is Increasing the Probability of Program Success Thorugh Continuous Risk Management. .
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.
This is an immutable principle that impacts planning, execution, performancemeasures, 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. All project work operates in the presence of uncertainty.
The Vice President of Project Management Capabilities at an aerospace company urges project managers to be intentional. PerformanceMeasures Setting and tracking performancemeasures impacts net project success scores. As Peter Drucker said, What gets measured gets done.
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. In our aerospace and defense business - not so much.
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