Project Risk Coach

FEBRUARY 4, 2019

Variance and trend analysis As with many control processes, we now look for variances between the schedule and cost baselines and the actual results. Technical performance measurement Imagine that you are working on a software development project and that the functional requirements have been developed.

Controlling 199

Controlling Risk Technical Review Performance Measurement 199

MPUG

APRIL 25, 2022

Let’s define such using PMI as our guide: Earned value (EV) is the measure of work performed, expressed in terms of the budget authorized for that work. Planned Value (PV) is the authorized budget assigned to scheduled work, the total budgeted cost of the planned work. EVM Importance. EVM in Microsoft Project.

Project Life Cycle 108

Project Life Cycle 2013 2016 2019 108

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

ProjectManager.com

SEPTEMBER 4, 2019

Budget: Associate cost with individual tasks for more accurate budget estimation and generation. Control and Performance: Analyze and control cost and performance, updating existing plans as actual against planned data changes, provide what-if scenarios for the project manager. PMIS Throughout the Project Life Cycle.

Project Life Cycle 235

Project Life Cycle Software Review Closing Budget 235

The IIL Blog

OCTOBER 17, 2023

Business Analysis A process in which an individual identifies business needs, defines solutions and facilitates change to meet organizational goals. hours, personnel needed, and/or tasks) to ensure that a project can be completed on time and within budget. Feasibility Study An analysis of a project’s viability.

Development Team Review 148

Development Team Review Project Life Cycle Underperforming Technical Team Estimate 148

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. Who's Budget is it Anyway?

Performance Measurement 28

Performance Measurement Aerospace 2006 Estimate 28

Rebel’s Guide to PM

FEBRUARY 1, 2022

I believe you won’t need to read all of the books on the agile exam reading list, so pick one or two that suit your budget and your learning style. Keep reading for my analysis and reviews of the best PMI-ACP prep books that will help you understand agile methodologies and earn your agile certification. Buy on Amazon.

PMI 195

PMI Certification Estimate Software Review 195

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. Planning involves breaking down the work into manageable tasks, estimating resource requirements, and creating schedules and budgets.

Process 52

Process 2030 Software Review Estimate 52

Henny Portman

SEPTEMBER 17, 2024

At the beginning: key indicators include the number of new ideas, how many are transitioned into projects or programs, the percentage of the available budget allocated to committed projects, alignment between ideas and strategy, the number of outstanding ideas in the backlog, and how long they have been there.

Technical Review 52

Technical Review Software Review Government Governance 52

UPQODE

APRIL 7, 2023

Source: Unsplash Marketing operations professionals are responsible for managing the processes, systems, and technologies that support marketing initiatives, such as project management, budgeting, data analysis, campaign execution, and performance measurement.

Technical Review 52

Technical Review Finance Performance Measurement Closing 52

ProProfs Project Management

JANUARY 21, 2020

The amount of money allocated to a specific project is referred to as the project budget. Performance Measurement Baseline. This creates a point of comparison of all the other baselines to evaluate project performance. Techniques/Analysis/Tools. PEST Analysis. Qualitative Risk Analysis. Task Analysis.

Underperforming Technical Team 111

Underperforming Technical Team Estimate Risk Management Defining 111

The Strategic Project Manager

MARCH 14, 2024

Here are some ideas: Market Analysis – Before formulating a strategy, a strategist analyzes the market to identify existing competition, market trends, and customer needs. Impact of Value Innovation on Strategy Value innovation, as part of the Blue Ocean approach, is part of an overall strategic framework.

Innovation 52

Innovation Sustainability Performance Measurement Risk Management 52

Herding Cats

APRIL 16, 2019

Project Performance Management (#PPM). Technical Performance Measures (#TPM). Cost, Schedule, and Technical Performance Management (#CSTPM). Project Performance Management. Building a Credible Performance Measurement Baseline - without a good foundation, nothing can be built. Risk Management (#RM).

Technical Review 42

Technical Review Performance Measurement 2003 Government 42

Techno-PM

AUGUST 23, 2021

What is performance reporting? Performance reporting is the process of collecting and analyzing data about a company's performance. Performance reports provide an in-depth analysis of how well the company has done over time, its strengths, and weaknesses, and how it compares to other companies in its industry.

Performance Measurement 36

Performance Measurement Budget Risk Management Risk 36

Techno-PM

AUGUST 23, 2021

What is performance reporting? Performance reporting is the process of collecting and analyzing data about a company's performance. Performance reports provide an in-depth analysis of how well the company has done over time, its strengths, and weaknesses, and how it compares to other companies in its industry.

Performance Measurement 36

Performance Measurement Budget Risk Management Risk 36

MPUG

SEPTEMBER 21, 2020

At the start of each iteration, he may be unsure about the applicability of earned value analysis, measurement, and management within Agile. With frequent scope changes, how does one determine what to measure against? In EVM terminology, baseline is further defined as the performance measurement baseline (PMB).

Underperforming Technical Team 59

Underperforming Technical Team Agile Performance Measurement PMI 59

Project Pulse Journal

MARCH 7, 2024

Analysis tools such as PESTLE and SWOT are also available in a PM’s toolkit to assess both internal and external project environments. This involves defining product requirements, conducting market analysis, managing product life cycles, and prioritizing features to maximize customer satisfaction and competitive advantage.

Government 52

Government Governance Technical Review Sustainability 52

ProProfs Project Management

JUNE 11, 2019

PV or Planned Value – the budget of a project. There is much more to determining the success of a project than calculating whether it is going ahead of schedule or whether it will be wrapped under the sanctioned budget. Planning, Budgeting, and Scheduling. AC or Actual Cost – the cost incurred in doing the project. Actual Costs.

Software Review 61

Software Review Software Budget Influencer 61

ProProfs Project Management

MARCH 18, 2020

Project Management is the art of coordinating resources and directing working groups to execute components of work so that each group delivers components that can be tied together into a wholesome deliverable (contracted scope of work) within schedule and budget. Perform Qualitative Risk Analysis . Plan Cost Management .

Process 99

Process Project Life Cycle Development Team Review Risk Management 99

Workamajig

JUNE 11, 2019

A robust PM system might tell you how a project is doing at any moment, but it can’t tell you how the organization or its constituent people are performing. Measuring and monitoring project management metrics fills this gap. Any metric you measure should be clearly and accurately measurable.

Estimate 93

Estimate Budget Infrastructure Performance Measurement 93

Wrike

AUGUST 30, 2021

In the initiation phase of the project, a PMIS can be helpful in: Establishing a preliminary project budget including cost and resource estimates. A PMIS can be your best friend, assisting with: In-depth project scheduling, including critical path analysis and related tasks. Project initiation phase. Are you planning your project?

Software Review 36

Software Review Estimate Budget Monitoring 36

Function Point

JULY 3, 2023

In addition to processing payments to vendors and comparing actual expenses to budgeted costs, the accountant is responsible for investigating and resolving any errors posted to the General Ledger, as well as reconciling accounts each month.The bottom line is that the accountant manages the agency’s money.

Finance 40

Finance Performance Measurement Software Review Leadership 40

Workamajig

JANUARY 11, 2021

Approach Analysis : A technique to analyze the various methods that can be used to meet the project's goals. Approach Analysis is used during the Planning phase of each project. Budget : The sum total of all the money allocated for a project. Budget Cost: The cost of the project estimated at the start of the project.

Underperforming Technical Team 78

Underperforming Technical Team Project Life Cycle Estimate Risk Management 78

Herding Cats

OCTOBER 12, 2018

This is a serious mistake for any non-trivial project or product that operates in the presence of uncertainty, deadlines, not-t-exceed budgets, and mandatory sets of capabilities that are produced in exchange for money. Progress and Value are measured with the same in Earned Value Management. Technical Performance Measures.

Engineering 32

Engineering Performance Measurement Underperforming Technical Team Risk Management 32

Herding Cats

APRIL 30, 2019

Of course, No Root Cause analysis has been performed by these advocates, but it makes good click bait for their followers. This approach is guided by the processes for Root Cause Analysis on Software Intensive System of Systems project I've worked. Root Cause Analysis. Getting it Right. Court Document. Assessment.

Software Review 41

Software Review Technical Review 2018 Engineering 41

Epicflow Blog

OCTOBER 8, 2019

is an approach to evaluating a gross value applying such criteria as budget, complexity, duration, and size based on a previous similar project estimation experience. . is a state of resource allocation performed by a project manager. Assumption Analysis . Budget at Completion (BAC) . Budgeting . Assumption .

Software Review 40

Software Review Project Life Cycle Estimate Technical Review 40

Epicflow Blog

OCTOBER 8, 2019

is an approach to evaluating a gross value applying such criteria as budget, complexity, duration, and size based on a previous similar project estimation experience. . is a state of resource allocation performed by a project manager. Assumption Analysis . Budget at Completion (BAC) . Budgeting . Assumption .

Software Review 40

Software Review Project Life Cycle Estimate Technical Review 40

Herding Cats

DECEMBER 4, 2017

Measures of Performance - are performance measures that characterize physical or functional attributes relating to the system operation, measured or estimated under specific conditions. Measures of Performance. The Technical Performance Measures.

2005 37

2005 Performance Measurement Closing Controlling 37

Herding Cats

JUNE 19, 2017

The Cone of Uncertainty as a Technical Performance Measure. In our domain, Root Cause Analysis is mandated before ANY suggested change for improvement, prevention, or corrective actions are taken. The Cone of Uncertainty is the framework for improving the needed performance of the project. Measure of Effectiveness.

Technical Review 35

Technical Review Performance Measurement Underperforming Technical Team Estimate 35

Herding Cats

JULY 17, 2017

There are several partitions of this information that are common in building the Performance Measurement Baseline (PMB). The PMB is a time phased, budgeted description of the project. In traditional programs, this is an Integrated Master Plan and Integrated Master Schedule, with budgets laid into the Work Packages.

Estimate 34

Estimate Logistics Performance Measurement Government 34

Herding Cats

JULY 24, 2017

Then there is some analysis. 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.

2007 42

2007 2012 2006 2008 42

Herding Cats

MARCH 4, 2017

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. Inverted Logic.

2010 28

2010 2007 Estimate Aerospace 28

Herding Cats

JANUARY 22, 2017

When actual measures of cost, schedule, and technical performance are outside the planned cone of uncertainty, corrective actions must be taken to move those uncertanties inside the cone of uncertanty, if the project is going to meet it's cost, schedule, and technical performance goals. . Resources. [1]

Technical Review 28

Technical Review 2005 Estimate Software Review 28

Herding Cats

AUGUST 12, 2016

Don't ever do analysis of cost and schedule variances without first understanding the accuracy and precision of the original estimate. Don't ever make suggestions to make changes to the processes without first finding the root cause of why the actual performance has a variance with the planned performance. Related articles.

2003 28

2003 Estimate Technical Review Aerospace 28

Herding Cats

FEBRUARY 4, 2017

The Measures that are modeled in the Cone of Uncertainty are the Quantitative basis of a control process that establishes the goal for the performance measures. This is a closed loop control system for managing the program with a T echnical Performance Measure (TPM). Resources. [1]

Technical Review 28

Technical Review Estimate 2005 Software Review 28

Herding Cats

APRIL 5, 2016

In our domain this is the Performance Measurement Baseline, which is a time-phased budget plan for accomplishing work against which contract performance is measured. It includes the budgets assigned to scheduled control accounts and the applicable indirect budgets. Of course not.

Software Developers 28

Software Developers Software Development Software Review Software 28

Herding Cats

JANUARY 17, 2017

When actual measures of cost, schedule, and technical performance are outside the planned cone of uncertainty, corrective actions must be taken to move those uncertanties inside the cone of uncertanty, if the project is going to meet it's cost, schedule, and technical performance goals. . Resources. [1]

Technical Review 28

Technical Review 2005 Estimate Software Review 28