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. Control Procurements .

Process 99

Process Project Life Cycle Development Team Review Risk Management 99

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.

Estimate 34

Estimate Logistics Performance Measurement Governance 34

Herding Cats

MARCH 17, 2019

Open Loop / Closed Loop Project Controls. Integrated Master Plan: The Foundation of Program Success , College of Performance Management, May 21, 2014. The Nine "I's" of Program Success ," College of Performance Management. Project Performance Management. Building a Credible Performance Measurement Baseline.

2003 54

2003 2011 2008 2012 54

NimbleWork

APRIL 16, 2024

Planning involves breaking down the work into manageable tasks, estimating resource requirements, and creating schedules and budgets. Monitoring and controlling activities include measuring progress against the project baseline, managing changes to the project scope, and addressing issues and risks as they arise.

Process 52

Process 2030 Software Review Estimate 52

Herding Cats

APRIL 16, 2019

Project Performance Management (#PPM). Technical Performance Measures (#TPM). Cost, Schedule, and Technical Performance Management (#CSTPM). Open Loop / Closed Loop Project Controls - project management is a closed loop control system. Project Performance Management. Management Processes (#MP).

Technical Review 42

Technical Review Performance Measurement 2003 Underperforming Technical Team 42

Herding Cats

AUGUST 12, 2017

No matter the project domain or the technical development method, project success is dependent on knowing what Done looks like in units of measure meaningful to the decision maker. These measures are stated in units, meaningful to the buyer. They focus on the capabilities independent of any technical implementation.

Performance Measurement 39

Performance Measurement Estimate Risk Defining 39

Herding Cats

DECEMBER 4, 2017

In the Project Controls paradigm, Value is a measurable attribute of the project controls process - a Closed Loop Control measure. The units of measures of Cost and Time are straightforward. The Measures of Effectiveness. 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. Closed Loop Stochastic Adaptive control in the presence of Evolving Uncertainty. Active reduction requires we have a desired reduction goal, perform the work, and measure progress toward the rduction goal. Measure of Effectiveness.

Technical Review 35

Technical Review Performance Measurement Underperforming Technical Team Estimate 35

Herding Cats

AUGUST 14, 2016

In the Systems Engineering world where we work, there are four critical units of measure for all we done. Measures of Effectiveness - these are operational measures of success that are closely related to the achievements of the mission or operational objectives evaluated in the operational environment, under a specific set of conditions.

Performance Measurement 49

Performance Measurement Engineering Lean Estimate 49

Herding Cats

JANUARY 5, 2017

and the connections between each Process are made to form a Closed Loop control systems needed to manage any project. These charts are an extract from the book Performance-Based Project Management: Increasing the Probability of Project Success and the abstracted training materials Handbook. Let's start with the Principles.

Estimate 81

Estimate Closing Controlling Defining 81

Herding Cats

JANUARY 23, 2018

Determination of physical percent complete is rooted in performance measurement, the comparison of actual performance against an integrated baseline plan consisting of integrated cost, schedule, and technical goals. Earned Value Management (EVM) often anchors such a performance measurement system in DoD programs.

Technical Review 44

Technical Review Performance Measurement Engineering Estimate 44

MPUG

SEPTEMBER 21, 2020

In EVM terminology, baseline is further defined as the performance measurement baseline (PMB). Performance Measurement Baseline (PMB). While it’s true that story points are used to relatively estimate work items being taken-up, work is not considered to be fully “done” until the end of the iteration.

Underperforming Technical Team 59

Underperforming Technical Team Agile Performance Measurement PMI 59

Herding Cats

FEBRUARY 9, 2018

I've seen estimates abused by bad managers, so let's NOT estimate and that will fix the behavior of Bad Managers." While the human behaviors are real and observable, conjecturing that decisions can be made in the presence of uncertainty without estimating the outcome of those decisions, there is no principle to support that conjecture.

Underperforming Technical Team 44

Underperforming Technical Team Estimate 2003 Software Review 44

Herding Cats

NOVEMBER 19, 2018

The only answer to that is a measure of Physical Percent Complete (P%C). P%C starts with defining the Measures of Performance and Technical Performance Measures for each deliverable as a function of time. These measures are supported by Quantifiable Backup Data. What is your actual condition? .

2010 39

2010 Governance Government Performance Measurement 39

Herding Cats

OCTOBER 12, 2018

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. Along with the Technical Performance Measures are three other measures needed to assess progress to plan and production of Value.

Engineering 32

Engineering Performance Measurement Underperforming Technical Team Risk Management 32

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.

2007 42

2007 2012 2006 2008 42

Herding Cats

MARCH 5, 2017

Do those capabilities meet the Measures of Effectiveness needed to accomplish the mission of the system in operational units of success closely related to the achievements of the mission or operational objectives evaluated in the operational environment, under a specific set of conditions? Close Loop Thinking. Related articles.

Software Review 28

Software Review Technical Review Performance Measurement Estimate 28

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. What are the Measures of Performance for each Deliverable that implements a Capability.

Software Review 41

Software Review Technical Review 2018 Engineering 41

Herding Cats

FEBRUARY 4, 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). Estimates are needed but are subject to large level of uncertainty. There can be cost and schedule performance measures as well.

Technical Review 28

Technical Review Estimate 2005 Software Review 28

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

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.

Underperforming Technical Team 60

Underperforming Technical Team Project Life Cycle Estimate Software Review 60

Herding Cats

JANUARY 17, 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

MPUG

JUNE 27, 2022

In project management, the real challenge is to keep or move the schedule to align as closely as possible to the static baseline. I would still recommend you quickly set the first baseline, so you can become a better estimator by comparing actuals against your original estimates stored in the baseline.

Governance 52

Governance Government Estimate Performance Measurement 52

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 . Bottom-Up Estimating . Bottom-Up EAC (estimate at completion) Method .

Software Review 40

Software Review Project Life Cycle Estimate Technical Review 40

Herding Cats

JANUARY 14, 2017

The Cone is a project management framework describing the uncertainty aspects of estimates or any other project attribute (in this post, 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 Software Review Underperforming Technical Team Estimate 28

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 . Bottom-Up Estimating . Bottom-Up EAC (estimate at completion) Method .

Software Review 40

Software Review Project Life Cycle Estimate Technical Review 40

Herding Cats

NOVEMBER 5, 2018

In a previous post, Why Johnny Can't Estimate , mentioned some resources for estimating, the principles of business and technical management that demand estimates be made to make decisions, and background on the sources of uncertainty, that create risk, that require estimating to increase the probability of project success.

Software Review 34

Software Review Technical Review Estimate Software Developers 34

Herding Cats

AUGUST 19, 2016

Is this macroeconomic model a correct operational model for software development processes - measuring changes the target ? Setting targets and measuring performance against that target is the basis of all closed loop control systems used to manage projects. No measures of effectiveness.

Performance Measurement 28

Performance Measurement Estimate Software Developers Software Development 28

International Institute for Learning

OCTOBER 4, 2022

Step 5: Be able to implement the steps necessary to close the performance gap between your company and other companies/organizations. The person performing the external benchmarking study must possess an excellent understanding of his/her organization’s current project management and business processes.

Aerospace 59

Aerospace Underperforming Technical Team Governance Government 59

Herding Cats

JULY 20, 2016

As random variables, both need estimates to make informed decisions. A target Value must be measured in units meaningful to the decision makers. Measures of Performance - is a Measure that characterize physical or functional attributes relating to the system operation, measured or estimated under specific conditions.

Performance Measurement 28

Performance Measurement Estimate Closing Agile 28

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. All project work operates in the presence of uncertainty.

2010 28

2010 2007 Estimate Aerospace 28

Herding Cats

NOVEMBER 14, 2018

Simulations should be run in environments that are as close to realistic as possible. No Credible Decision Can Be Made in the Presence of Uncertainty with making Estimates of the Impact of those Decisions. Once the testing of TRL 5 is complete, a technology may advance to TRL 6. And of course.

Technical Review 47

Technical Review 2010 2014 Software Developers 47

Epicflow Blog

APRIL 25, 2024

they have been working on it already for more than 10 years, and they are not close to what we have achieved.’ For example, a project estimated at 100 work hours might include a 20-hour time buffer for contingencies like absences or technical issues. But the professionals who executed the project considered it a huge success.

2016 52

2016 Monitoring Risk Management Healthcare 52

MPUG

JULY 10, 2023

You can use that to track performance over time: run the numbers every month and see how performance changes. Generally, you’re looking for the answer to be as close to 1 as possible, as that shows the actual performance is on track with what was forecast. Formula: CPI = EV/AC The answer will be a number or a fraction.

Budget 40

Budget Controlling Finance Performance Measurement 40

Epicflow Blog

OCTOBER 16, 2023

they have been working on it already for more than 10 years, and they are not close to what we have achieved.’ For example, a project estimated at 100 work hours might include a 20-hour time buffer for contingencies like absences or technical issues. But the professionals who executed the project considered it a huge success.

2016 52

2016 Monitoring Risk Management Healthcare 52

Herding Cats

NOVEMBER 29, 2017

Supporting artifacts such as the WBS, WBS Dictionary, Basis of Estimates (BOE), and the Systems Engineering Management Plan (SEMP) are available to help define the scope of the work to be performed and especially the entrance and exit criteria for key program Events. Why Guessing is not Estimating and Estimating is not Guessing.

Planning 42

Planning Software Review Governance Government 42

Project Pulse Journal

MARCH 7, 2024

Functions Associated with Projects A system for value delivery encompasses a range of knowledge areas associated with the project lifecycle, including initiating, planning, executing, and closing (PMBOK, 2017).

Governance 52

Governance Government Technical Review Sustainability 52