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While making money is the overriding mandate of any for-profit enterprise, each individual organization is governed by its own set of standards and practices. Those standards and practices are called corporate governance, and they are going to influence your project. What Is Corporate Governance? Roles in Corporate Governance.
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.
Plus, authors tend to have a different way of presenting information, so if you couldn’t grasp the basics from your training, you’ll get a different take on the topic from a deep dive into the topic from a book. It’s also useful to have books to carry around with you for reference when you can’t access your training materials. Buy on Amazon.
Please find below a transcription of the audio portion of Fletcher Hearn’s session, Project PerformanceMeasurement – 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 PerformanceMeasurement course.
Is it challenging to navigate the complex landscape of project governance frameworks? In this article, we will dive deep into organizational and project governance and systems in project management. At the heart of this lies the robust framework of Organizational Governance Systems.
You’ll then be presented with 10 process improvement tools, to help you sow sustainability into the core of your organization. Once a current performancemeasure has been determined, you can define your ideal situation based on meeting or surpassing standard requirements. Fishbone Diagram. Brainstorm causal factors.
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. References below. .
Earned Value Management (EVM) A systematic approach to project performancemeasurement assessing schedule and cost performance. Project Closure Report A document summarizing the project’s overall performance, outcomes, and lessons learned. Feasibility Study An analysis of a project’s viability.
A Project Management Office (PMO) is a centralized department within an organization that standardizes the governance of projects. Project Governance It oversees project governance, ensuring that each aligns with the strategic goals. What is a Project Management Office?
It enables knowledge workers to do their jobs efficiently via tools such as spreadsheets, presentation software, bookkeeping tools, data processing tools, calculators, etc. . Remote teams, employees, and resources also need proper technological support for delivering the best performance. Is new technology hurting our productivity?
Prerequisites for portfolio management In the first article, Steve Butler delves into portfolio governance. The primary goal of governance in portfolio management is to ensure that processes are established to define, align, authorize, and control portfolio elements, while also supporting overall governance decision-making activities.
We play this role in ERP acquisitions for commercial and government clients . Past Performance is the 1st question - have you done this before and if so, were your efforts successful? One day Presentations are usually not the criteria for spending double-digit millions on a software project. What were the selection criteria?
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.
There are several partitions of this information that are common in building the PerformanceMeasurement Baseline (PMB). This, of course, is nonsense, since estimates are about the past, present, and future. Several other government estimating organizations. The PMB is a time phased, budgeted description of the project.
Process Narratives may be used to facilitate contractor commitment to the use of crucial processes and procedures and provide the Government with an understanding of the proposed crucial processes and procedures prior to contract award. The contractor’s immediate customer may be a government organization or a prime contractor.
Estimates can be about the past, present, or future. 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.
The 2008 mortgage crisis for example (although many did an made lots of money), the government didn't. An important outcome of Macroeconomics is establishing the appropriate interest rates in an economy, where the government sets a base rate and banks work from there. Microeconomics is about individual or company behaviors.
When actual measures of cost, schedule, and technical performance are outside the planned cone of uncertainty, corrective actions must be taken to move those uncertanties inside the cone of uncertanty, if the project is going to meet it's cost, schedule, and technical performance goals. . Resources. [1]
Historical performancemeasured in Epicflow Conclusion While time buffers are valuable tools, their utility is severely compromised if capacity buffers are ignored. Too often, we see forecasts presented as a single number, creating an illusion of certainty that’s misleading.
The Measures that are modeled in the Cone of Uncertainty are the Quantitative basis of a control process that establishes the goal for the performancemeasures. This is a closed loop control system for managing the program with a T echnical PerformanceMeasure (TPM). Resources. [1]
I’ll hand the presentation over to you. Let me find out where I’m presenting from. 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.
Historical performancemeasured in Epicflow Conclusion While time buffers are valuable tools, their utility is severely compromised if capacity buffers are ignored. Too often, we see forecasts presented as a single number, creating an illusion of certainty that’s misleading.
Actual Time Expended: The actual time spent on an activity from the Actual Start to the present date. Audit: The process of analyzing a project to ensure that it is being governed as intended. cost of work performed - ACWP) and estimated cost at completion (ETC). A project sponsor can request an audit.
Here's a collection of presentations, briefings, papers, essays, book content used to increase the Probability of Project Success (PoPS) I've written and applied over my career in the software-intensive system of systems and other domains. Business, Technical, Systems, Risk, and Project Management Briefings and Presentations.
Here are my collected works, presentations, briefings, journal papers, articles, white papers, and essays, used to increase the Probability of Project Success (PoPS) I've developed and applied over my career in the software-intensive system of systems domain. Presentations and Briefings. Project Governance. Managment Processes.
Continuous performance assessment by measuring the right thing. Real-time” performancemeasurement as a natural artifact of agile processes. The means for reaching these results are presented first. Intense debate brings up all sides of an issue, even if it makes people uncomfortable.
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