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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.
In addition to that, as well as the PMI standards plus to lead the way for the immediate processes, the techniques when it comes to things like estimating or requirements management and things along those lines. What’s deliverable, cadence, project phase? The planning performance domain, right? It makes sense.
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.
The business case estimates the projects costs and benefits. The completion date was moved out to incorporate the realistic estimates. PerformanceMeasures Setting and tracking performancemeasures impacts net project success scores. As Peter Drucker said, What gets measured gets done.
Project Performance Management (#PPM). Technical PerformanceMeasures (#TPM). Cost, Schedule, and Technical Performance Management (#CSTPM). Project Performance Management. Building a Credible PerformanceMeasurement Baseline - without a good foundation, nothing can be built. Risk Management (#RM).
In our domain this is the PerformanceMeasurement Baseline, which is a time-phased budget plan for accomplishing work against which contract performance is measured. This is the basis of the Agile Product Roadmap and Product Release Plan (either cadence or capability based). probably not. Of course not.
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