MPUG

MAY 6, 2021

Please find below a transcription of the audio portion of Fletcher Hearn’s session, Project Performance Measurement – Part 1: Overview Of Project Performance Measurements, being provided by MPUG for the convenience of our members. Kyle: Hello, and welcome to part one of MPUGs Project Performance Measurement course.

Performance Measurement 52

Performance Measurement Underperforming Technical Team Government Governance 52

ProProfs Project Management

JANUARY 21, 2020

It refers to any prediction or estimation made on a project’s status, including how it will unfold in the future. The shortest time estimated to complete a specific project task or activity is known as optimistic duration. Performance Measurement Baseline. Techniques/Analysis/Tools. PEST Analysis.

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Underperforming Technical Team Estimate Risk Management Technical Review 111

Herding Cats

MAY 16, 2019

All project progress is measured independent of resources expended - Mr. Gary Bliss, Director Performance Assessment and Root Cause Analysis (PARCA), US Department of Defense. Measuring progress must be in units meaningful to the decision maker. A Technical Performance Measure is described through.

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Performance Measurement Technical Review Estimate Risk Management 33

Herding Cats

MARCH 17, 2019

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 Performance Measurement Baseline. Measures of Product Value is Exchange for Its Cost. Technical Performance Measures.

2003 54

2003 2011 2008 Performance Measurement 54

Herding Cats

JULY 17, 2017

I work in a domain where estimates are made every single week. Estimate to Complete (ETC), Estimate at Completion (EAC), Estimated Completion Date (ECD) are the life blood of our software intensive system of systems programs. This, of course, is nonsense, since estimates are about the past, present, and future.

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Estimate Logistics Performance Measurement Government 34

Herding Cats

APRIL 29, 2017

What is an estimate? An estimate as a noun is an approximate calculation or judgment of the value, number, quantity, or extent of something. An estimate as a verb is to roughly calculate or judge the value, number, quantity, or extent of. But those estimates, nouns, and verbs themselves's have other attributes.

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Estimate Risk Management Risk SCRUM 46

ProProfs Project Management

MARCH 18, 2020

The activities are then sequenced, and the duration required for each activity is estimated. Cost : A cost management strategy is first made, after which the cost for each work package is estimated. The estimates are then summed up, and some reserves are added to it to create the project budget. Plan Cost Management .

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Process Project Life Cycle Development Team Review Risk Management 99

Herding Cats

AUGUST 27, 2017

There's a recent post titled Four Fallacious Reasons to Estimate. It lists the usual suspects for why those spending the money think they don't have to estimate how much they plan to spend when they'll be done producing the value they've been assigned to produce for that expenditure. Let's look at each one in more detail.

Estimate 46

Estimate Software Review Underperforming Technical Team Technical Review 46

Herding Cats

NOVEMBER 14, 2018

Decision Analysis is a principle, technique, and application to address complex decisions in a structured manner. One approach to decision making utilizes a form of multi-criteria decision analysis to evaluate multiple conflicting criteria in decision making. 3] “Measurement Scales and Statistics: The Misconception Misconceived,” J.

Technical Review 47

Technical Review 2010 2014 Software Development 47

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. Department of Energy.

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Performance Measurement Aerospace 2006 Estimate 28

Epicflow Blog

NOVEMBER 8, 2021

Schedule Baseline as a Performance Baseline Component . It’s a component of a performance measurement baseline that consists of scope, schedule, and cost baselines and is included into a project plan. This information can be used to improve project time estimates in the future. . Baselining.

Software Review 93

Software Review Estimate Monitoring Performance Measurement 93

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

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 Underperforming Technical Team 42

Herding Cats

DECEMBER 29, 2017

Like nearly every observed problem, there is some underlying cause and Root Cause Analysis is the first step in assessing this undesirable condition to determine if it is correctable or preventable. Any successful technical communication needs to have: Measures of Effectiveness. Measures of Performance.

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Process Estimate Engineering Manufacturing 56

Herding Cats

OCTOBER 28, 2016

In a recent Blog post titled Precision it is suggested Precision (or the implication thereof) is perhaps the root problem of most, if not all dysfunction related to estimation. . Estimates have precision and accuracy, but the reason for these unfavorable outcomes is not stated in the post. Yes, projects have uncertainty.

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Estimate Performance Measurement Information Technology Risk Management 28

NimbleWork

APRIL 16, 2024

Planning involves breaking down the work into manageable tasks, estimating resource requirements, and creating schedules and budgets. It helps project managers and teams organize and define the scope of work, identify tasks, and estimate resource requirements.

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Process 2030 Software Review Estimate 52

Wrike

JUNE 11, 2023

These frameworks involve the use of statistical techniques, probability theory, and mathematical formulas to estimate the likelihood and impact of risks, calculate expected values, and determine risk exposure. The post Risk Management Frameworks in IT: A Comparative Analysis appeared first on Blog Wrike.

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Risk Management Risk Underperforming Technical Team Technical Review 36

Herding Cats

APRIL 30, 2019

A recent lawsuit by Hertz Rental Car against Accenture has turned into a rallying cry by Agilest and No Estimates advocates. Of course, No Root Cause analysis has been performed by these advocates, but it makes good click bait for their followers. Root Cause Analysis. Getting it Right. Court Document. Assessment.

Software Review 41

Software Review Technical Review 2018 Engineering 41

Herding Cats

JUNE 19, 2017

The Cone of Uncertainty as a Technical Performance Measure. Of late, Cone of Uncertainty has become the mantra of No Estimates advocates claiming that data is needed BEFORE the Cone is of any use. The Cone of Uncertainty as a Technical Performance Measure. Measure of Effectiveness. Measure of Performance.

Technical Review 35

Technical Review Performance Measurement Underperforming Technical Team Estimate 35

Herding Cats

DECEMBER 8, 2017

The CoU paradigm defines the needed reduction in uncertainty is some performance metric. This can be the confidence in the estimate for any variable. It can be the needed performance of a measure - Effectiveness, Performance, Key Performance Parameter, or a Technical Performance Measures.

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Performance Measurement 2017 Technical Review 2008 35

Workamajig

JANUARY 11, 2021

Actual dates are different from planned or estimated dates. Actual Effort: The actual effort spent to complete the activity, as opposed to the planned or estimated effort. Actual Expenditure: The actual expenditure spent to complete the activity, as opposed to the planned or estimated expenditure.

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Underperforming Technical Team Project Life Cycle Estimate Software Review 60

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).

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Underperforming Technical Team Agile Performance Measurement PMI 59

Herding Cats

JULY 24, 2017

The paper on the Cone of Uncertainty is used by many in the No Estimates community as an example of why estimates are of little use. In this paper, there is data that does not follow the Cone of Uncertainty, in that the uncertainty of the estimates does not reduce as the project proceeds. Then there is some analysis.

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2007 2012 2006 2008 42

Herding Cats

AUGUST 12, 2017

Measures of Performance (MOP) – characterize physical or functional attributes relating to the system operation, measured or estimated under specific conditions. These measures are attributes that assure the system has the capability and capacity to perform.

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Performance Measurement Estimate Risk Closing 39

Herding Cats

MARCH 11, 2018

Economics is a social science concerned chiefly with description and analysis of the production, distribution, and consumption of goods and services. When we hear about software development disasters and then hear that estimates are to blame, and NOT Estimating will somehow reduce or prevent these disasters, think again.

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Software Development Software Developers Risk Management Risk 34

Herding Cats

FEBRUARY 12, 2018

risks that may prevent the end item from performing as intended or not meeting performance expectations. Measures of Effectiveness, Measures of Performance, Technical Performance Measures, and Key Performance Parameters describe the measures of these expectations. Programmatic ?

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Risk Technical Review 2010 2009 39

Herding Cats

MARCH 31, 2017

Estimating Processes in Support of Economic Analysis. Related articles. Two Books in the Spectrum of Software Development. We've Been Doing This for 20 Years. Applying the Right Ideas to the Wrong Problem. Managing in Presence of Uncertainty.

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Process Engineering Estimate Software Development 53

Epicflow Blog

OCTOBER 8, 2019

Activity Duration Estimates Review . is a process of detecting risks related to the time allowances for activities in particular or a project in general, with the width of estimates range indicating a respective level of risk. Analogous Estimating . Assumption Analysis . Bottom-Up Estimating . Activity Attributes

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. Related articles.

2005 37

2005 Performance Measurement Closing Controlling 37

Epicflow Blog

OCTOBER 8, 2019

Activity Duration Estimates Review . is a process of detecting risks related to the time allowances for activities in particular or a project in general, with the width of estimates range indicating a respective level of risk. Analogous Estimating . Assumption Analysis . Bottom-Up Estimating . Activity Attributes

Software Review 40

Software Review Project Life Cycle Estimate Technical Review 40

Herding Cats

MARCH 5, 2017

Do those capabilities meet the Measures of Performance that characterize physical or functional attributes relating to the system operation, measured or estimated under specific conditions? These are attributes to assure the system has the capability and capacity to perform. Related articles. Close Loop Thinking.

Software Review 28

Software Review Technical Review Performance Measurement Estimate 28

Herding Cats

OCTOBER 12, 2018

In Earned Value Management paradigm, progress is always measured as physical percent complete. This physical percent complete is measured as compliance with the Technical Performance Measures of the outcomes of the work efforts, that consume the budget for that work. The Measures of Performance are.

Engineering 32

Engineering Performance Measurement Underperforming Technical Team Risk Management 32

Herding Cats

AUGUST 5, 2017

What are the “units of measure” for this increasing maturity? The answers to each of these questions require making estimates in the presence of uncertainty. No Point Estimate of Cost or Duration can be Correct. A common distribution of probabilistic estimates for cost and schedule random variables is the Triangle Distribution.

Risk Management 42

Risk Management Risk Estimate Underperforming Technical Team 42

Herding Cats

JANUARY 5, 2017

These charts are an extract from the book Performance-Based Project Management: Increasing the Probability of Project Success and the abstracted training materials Handbook. How to Avoid the "Yesterday's Weather" Estimating Problem. Related articles. Doing the Math. Hope is not a Strategy. Complex, Complexity, Complicated.

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Estimate Closing Controlling Defining 81

Wrike

NOVEMBER 7, 2018

Estimated Project-Oriented Job Openings 2010-2020: . Top 5 PPM Functions: Portfolio tracking & performance monitoring – 75%. Portfolio analysis, project selection, & prioritization – 65%. Implement/enhance performance measurement process – 39%. [13]. Inadequate cost estimates – 29%. 8,153,340. .

2015 60

2015 Technical Review Underperforming Technical Team Software Review 60

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

Herding Cats

JANUARY 22, 2017

The Cone is a project management framework describing the uncertainty aspects of estimates (cost and schedule) and other project attributes (cost, schedule, and technical performance parameters). This is a closed loop control system for managing the program with a T echnical Performance Measure (TPM).

Technical Review 28

Technical Review 2005 Estimate Software Review 28