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Defined service level objectives and qualitative performancemeasures. Relocations or changes in the jurisdictions governing data. Incident Response Planning Develop and test incident response protocols to handle security events involving cloud services effectively. Backup, data recovery, and secure storage protocols.
Please find below a transcription of the audio portion of Fletcher Hearn’s session, Project PerformanceMeasurement – Part 1: Overview Of Project PerformanceMeasurements, being provided by MPUG for the convenience of our members. Kyle: Hello, and welcome to part one of MPUGs Project PerformanceMeasurement course.
Misaligned Incentives : Tying management incentives to traditional performancemeasures incompatible with Scrum or agile principles. Lack of Stakeholder Engagement : Failure to involve key stakeholders in Scrum events, leading to misaligned expectations.
Earned Value Management (EVM) A systematic approach to project performancemeasurement assessing schedule and cost performance. Milestone A specific point or event in a project is used to track progress and mark achievements. Feasibility Study An analysis of a project’s viability.
SThe schedule is non-linear from its network topology and naturally occurring variances (Aleatory uncertainty) and probabilistic events Epistemic uncertainty) based risks. Cost is measured in dollars and schedule is measured in time. Cost is a linear summation of the work breakdown structure.
The IMP is an Event-based plan consisting of a hierarchy of program Events, with each event being supported by specific Accomplishments, and each Accomplishment associated with specific Criteria to be satisfied for its completion. Most IMPs in development programs include Events for major design reviews such as PDR or CDR.
Discover the importance of organizational governance systems, delve into essential project-associated functions, learn how to navigate the project environment, and ensure you are communicating and building relationships with internal and external stakeholders.
Events and milestones are represented as nodes. Audit: The process of analyzing a project to ensure that it is being governed as intended. Contingency Plan: A formal plan that details the evasive actions that can be taken in the event of a contingency. cost of work performed - ACWP) and estimated cost at completion (ETC).
This accounts for potential traffic delays, long security lines, or other unforeseen events. In short, these everyday buffers help us manage uncertainties and offer peace of mind, reinforcing that while we can’t foresee all events, we can prepare for many incidents. Preparing Dinner (Resource & Quantity Buffer).
We can estimate the total cost, total duration, and the probability that all the Features will be delivered on the program we are working for the US Government. In the project domain, an estimate is a calculated approximation of some desired measurement. In a forecast, the assumptions represent expectations of actual future events.
This accounts for potential traffic delays, long security lines, or other unforeseen events. In short, these everyday buffers help us manage uncertainties and offer peace of mind, reinforcing that while we can’t foresee all events, we can prepare for many incidents. Preparing Dinner (Resource & Quantity Buffer).
So how do you determine the cost and time when that Value should be available for use in the presence of the naturally occurring (aleatory) and event-based (epistemic) uncertainties that create the risk to that Value? But Value Can NOT be determined without knowing the cost and time to produce that Value.
Risk management is concerned with the outcome of future events, whose exact outcome is unknown, and with how to deal with these uncertainties. Outcomes are categorized as favorable or unfavorable, and risk management is the art and science of planning, assessing, handling, and monitoring future events to ensure favorable outcomes.
The 2008 mortgage crisis for example (although many did an made lots of money), the government didn't. The term “Black Swan event” has been part of the risk management lexicon since its coinage in 2007 by Nassim Taleb in his eponymous book titled The Black Swan: The Impact of the Highly Improbable.
Optimism bias - a cognitive bias that causes a person to believe that they are at a lesser risk of experiencing a negative event compared to others. Ingroup bias - a pattern of favoring members of one's in-group over out-group members. This can be expressed in evaluation of others, in the allocation of resources, and other ways.
I mentioned the five star because I saw this event is up on PMI. Meaning to say creating value, organizational governance and systems, functions associated with projects, the project environment, and product management considerations all provide the context for how project management could be conducted. Jeff, a big MPUG welcome back.
Optimism bias - a cognitive bias that causes a person to believe that they are at a lesser risk of experiencing a negative event compared to others. Ingroup bias - a pattern of favoring members of one's in-group over out-group members. This can be expressed in evaluation of others, in the allocation of resources, and other ways.
Technical PerformanceMeasures (#TPM). Cost, Schedule, and Technical Performance Management (#CSTPM). Governance (#Governance). Managing Government Grant Projects at Arizona Public Service - APS management process for Department of Energy grant for algae CO2 capture project. Project Performance Management.
Project Governance. 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 PerformanceMeasurement Baseline. Project Breathalyzer.
In the context of risk management, uncertainty exists whenever the knowledge or understanding of an event, consequence, or likelihood is inadequate or incomplete. ? Risk has three primary components: Probability of the activity or event occurring or not occurring, described by a Probability Distribution Function. Programmatic ?
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