Rebel’s Guide to PM

JULY 20, 2023

For example, an estimate is the obvious output of the estimating process, so estimates aren’t mentioned again as a separate project artifact. Here are some examples: Budget baseline Milestone schedule Scope baseline Performance measurement baseline. Baselines We create baselines throughout the project.

Logistics 283

Logistics Artificial Inteligence PMI Performance Measurement 283

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.

Project Life Cycle 329

Project Life Cycle Software Review Closing Budget 329

Scrum.org

SEPTEMBER 13, 2021

As long as the sum of sizes for all item estimates is less than the Velocity, the Developers accept the work. It was the search for a new way to estimate software projects that brought me to Scrum. It was fast, effective, and more accurate that the way I used to estimate. Velocity is a useful measure.

SCRUM 214

SCRUM Estimate Performance Measurement Planning 214

Scrum.org

SEPTEMBER 25, 2023

Misaligned Metrics and Reporting The “Misaligned Metrics and Reporting” anti-patterns category refers to the inconsistencies, errors, and misalignments in metrics, performance measures, planning, and reporting when applying Scrum. Miscommunication, avoidance of open dialogue, and lack of candid communication lead to team dissonance.

SCRUM 202

SCRUM Performance Measurement Estimate Sustainability 202

Rebel’s Guide to PM

FEBRUARY 1, 2022

Chapter 5 covers the agile project management model and then the rest of the book covers the process and project lifecycle in detail, with chapters on governance, scaling and performance measurement. It talks about measuring and monitoring velocity during an iteration too. Agile Estimating and Planning by Mike Cohn.

PMI 195

PMI Certification Estimate Software Review 195

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 Governance Government 52

Herding Cats

MAY 16, 2019

Measuring progress must be in units meaningful to the decision maker. For any system, estimates of future life-cycle costs are subject to varying degrees of uncertainty. This bounding of the cost estimate may be attempted through sensitivity analyses or through a formal quantitative risk analysis.

Performance Measurement 33

Performance Measurement Technical Review Estimate Risk Management 33

MPUG

MAY 14, 2021

Please find below a transcription of the audio portion of Fletcher Hearn’s session, Project Performance Measurement – Part 2: What to Measure and How to Report, being provided by MPUG for the convenience of our members. Kyle: And welcome to Part 2 of MPUG’s Project Performance Measurement course.

Performance Measurement 59

Performance Measurement Underperforming Technical Team Software Engineering Engineering 59

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.

Estimate 46

Estimate Risk Management Risk SCRUM 46

The IIL Blog

OCTOBER 17, 2023

Benchmarking Identifying a project performance indicator or practice, then assessing it against industry standards or best practices. Bottom-up Estimating A project estimation technique that leverages tactical-level team members/subject matter experts (SMEs) to break down tasks into smaller components to create a more accurate estimate.

Development Team Review 148

Development Team Review Project Life Cycle Underperforming Technical Team Estimate 148

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

Leading Agile

APRIL 29, 2021

You will need to outline the estimated costs to be incurred as part of that transformation as well as the estimated annual benefits and savings expected to be realized from your transformation effort. . Return on Investment or ROI is a performance measure used to evaluate the efficiency of an investment. Payback Period.

Finance 84

Finance Agile Performance Measurement Estimate 84

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. It is an estimation technique based on an expert consensus.

Underperforming Technical Team 111

Underperforming Technical Team Estimate Risk Management Technical Review 111

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

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

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. NASA Cost Estimating Handbook.

Performance Measurement 28

Performance Measurement Aerospace 2006 Estimate 28

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. The tools you’re using to measure the metric must have a low error rate.

Estimate 93

Estimate Budget Infrastructure Performance Measurement 93

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.

Process 99

Process Project Life Cycle Development Team Review Risk Management 99

Herding Cats

MAY 1, 2017

Performance–Based Project Management ® integrates five critical program management process areas with – Cost, Schedule, and Technical Performance Measures. The inclusion of Technical Performance Measures (TPM) separates this approach from conventional methods based solely on managing cost and schedule.

Performance Measurement 42

Performance Measurement Estimate Risk Management Budget 42

Herding Cats

OCTOBER 1, 2016

For software, this can be value produced (assuming we have a unit of measure for that value in the for of effectiveness, performance, key performance parameters, or technical performance measures ). It can be the cost, schedule, and technical performance measures of the software project. https://goo.gl/DP6Jw

Closing 28

Closing Estimate Controlling Process 28

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.

Performance Measurement 39

Performance Measurement Estimate Risk Defining 39

Herding Cats

DECEMBER 29, 2017

To make some conjecture that some process will fix the problem - Estimates are the smell of dysfunction and NOT Estimating will fix that dysfunction - is naive at best and willfully ignorant of Root Cause Analysis at worse. Any successful technical communication needs to have: Measures of Effectiveness. Related articles.

Process 56

Process Estimate Engineering Performance Measurement 56

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.

Performance Measurement 35

Performance Measurement 2017 Technical Review 2008 35

ProjectManager.com

SEPTEMBER 8, 2022

Ideally, project managers know better than to execute their project plans without a performance measurement baseline. A performance measurement baseline provides a window into the project that allows project managers to see roadblocks and resolve them before the project hits a dead end. Learn more.

Performance Measurement 413

Performance Measurement Executing Budget Monitoring 413

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

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

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.

Process 52

Process 2030 Software Review Estimate 52

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

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

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 14, 2016

Measure of Performance - characterize physical or functional attributes relating to the system operation, measured or estimated under specific conditions. MOP's are attributes that assure the systems to capability to perform. MOP's belong to the project.

Performance Measurement 49

Performance Measurement Engineering Lean Estimate 49

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

FEBRUARY 5, 2018

For these strategies to work, we need to define the Measures of Effective, Measures of Performance, Technical Performance Measures, and Key Performance Parameters for each of the outcomes that produce Value in exchange for the Cost and Time to produce that Outcome. Related articles. IT Risk Management.

Executing 40

Executing Manufacturing Performance Measurement Estimate 40

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

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 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

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