ProjectManager.com

JANUARY 31, 2024

Relatively new, the balance scorecard was introduced in 1992 by David Norton and Robert Kaplan, by taking existing metric performance measures and adapting them to include nonfinancial information. The balanced scorecard measures four aspects of a business or organization: finance, customers, business processes and learning and growth.

Performance Measurement 434

Performance Measurement Government Governance Initiating 434

Project Risk Coach

MARCH 2, 2021

Unforeseen risks knock at your door. You look at your budget, but you don't have the funds to respond to these risks. Why Reserves are Needed During the course of a project, you and your project team identify risks which are referred to as known/unknown risks. These risks are known – that is, they've been identified.

Budget 284

Budget Estimate Controlling Performance Measurement 284

Rebel’s Guide to PM

JULY 20, 2023

Here’s the list: Strategy Logs and registers Plans Hierarchy charts Baselines Visual data and information Reports Agreements and contracts Other – a bucket category for anything else. Plans The third category of project artifact relates to the different types of plans produced. Let’s look at each of those in more detail.

Logistics 262

Logistics Artificial Inteligence PMI Performance Measurement 262

ProjectManager.com

MAY 14, 2024

Just like a project plan , the RAG status tolerance is a moving target and not set in stone. There’s a project summary with key accomplishments, completed and planned work, milestones, deliverables and action items. There’s even a risk management overview. Keep that in mind when coming up with the RAG status tolerance.

Software Review 393

Software Review Budget Closing Risk Management 393

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. million.

Performance Measurement 59

Performance Measurement Underperforming Technical Team Software Engineering Engineering 59

Rebel’s Guide to PM

JANUARY 21, 2021

All my previous job experiences had been surrounded by planning, coordinating logistics, and, more than that, getting things done. For 6 months, I planned and coordinated the induction, training, and performance measurement of all my team and new hires. Rachel Mata. Project Management, in my opinion, should be reinvented.

Technical Review 468

Technical Review Logistics Innovation 2019 468

ProjectManager.com

JUNE 23, 2021

The schedule performance index was created to eliminate the guesswork and give a specific, quantifiable answer to the question, as well as show where improvements need to be made for maximum efficiency. What Is the Schedule Performance Index? The SPI itself is a ratio of earned value to planned (or actual) value.

Performance Measurement 431

Performance Measurement Risk Management Planning Closing 431

MPUG

MAY 21, 2021

Please find below a transcription of the audio portion of Fletcher Hearn’s session, Project Performance Measurement – Part 3: Using MS Project to Track and Report on Performance, being provided by MPUG for the convenience of our members. This one’s titled using MS Project to track and report on performance.

Performance Measurement 52

Performance Measurement Technical Review Software Review Budget 52

Techno-PM

MARCH 28, 2022

What is ITIL® 4 Strategist: Direct, Plan, and Improve? ITIL® 4 Strategist: Direct, Plan, and Improve is a new qualification that reflects the increased importance of strategy in today's digital world. The purpose of the framework is to provide organizations with a plan that they can use to manage their service desk.

Planning 68

Planning Technical Review Infrastructure Certification 68

ProjectManager.com

DECEMBER 24, 2019

Timetables, deliverables, resources and even risks—everything that is involved with a project is wrapped up inside the schedule. Arguably one of the single most important aspects to any well-planned project, your schedule dictates which tasks need to be done when, and which resources will be allocated to complete those deliverables.

Software Review 299

Software Review Risk Management Risk Estimate 299

Wrike

DECEMBER 15, 2020

The primary output of a schedule management plan is the project schedule , an essential component of a comprehensive project plan. A thorough schedule management plan is essential for project progress and success. . However, even after careful planning and scheduling, projects can deviate from the plan.

Planning 68

Planning Software Review Underperforming Technical Team Performance Measurement 68

ProjectManager.com

NOVEMBER 11, 2021

Performance reporting provides that information by putting performance measurement, quality assurance and accountability data in context. Performance reports (like a project status report) do more than just show key performance indicators. Use a performance report to compare the actual project to the plan.

Software Review 337

Software Review Underperforming Technical Team Monitoring Executing 337

The IIL Blog

OCTOBER 17, 2023

Baseline An original plan for measuring performance and tracking changes. Benchmarking Identifying a project performance indicator or practice, then assessing it against industry standards or best practices. Capacity Planning To identify the number of resources (e.g., identify items such as benefits and costs).

Development Team Review 148

Development Team Review Project Life Cycle Underperforming Technical Team Estimate 148

ProjectManager.com

MARCH 1, 2023

This covers both planned downtime and unplanned downtime. Total Effective Equipment Performance (TEEP) Total effective equipment performance measure utilization. Again, this is determined by performance multiplied by quality by availability. In this calculation, you do include machine maintenance downtime.

Manufacturing 251

Manufacturing Software Review Performance Measurement Monitoring 251

Wrike

JULY 29, 2023

Strategic planning plays a crucial role in the success of any business. However, developing a strategic plan from scratch can be a daunting and time-consuming task. In this article, we will explore the importance of strategic planning in business and delve into the details of using a business roadmap template effectively.

Technical Review 36

Technical Review Planning Underperforming Technical Team Development Team Review 36

ProjectManager.com

APRIL 24, 2019

That includes action plans , internal controls, OKRs , performance measurements and corporate disclosures. They are, however, responsible for oversight and planning, two pillars of corporate governance. Roles in Corporate Governance. Related: What is Stakeholder Theory?

Government 287

Government Governance Influencer Executing 287

Herding Cats

MARCH 17, 2019

Business, Technical, Systems, Risk, and Project Management. Capabilities Based Planning. Capabilities Based Planning (V2). Deliverables Based Planning. Integrated Master Plan: The Foundation of Program Success , College of Performance Management, May 21, 2014. Project Performance Management.

2003 54

2003 2011 2008 Performance Measurement 54

NimbleWork

APRIL 16, 2024

Project management is a multifaceted discipline that combines techniques, processes, and strategies to plan, execute, monitor, and control projects effectively. Planning: In this process, project managers develop a comprehensive project plan that outlines the scope, schedule, budget, resources, and risks associated with the project.

Process 52

Process 2030 Software Review Estimate 52

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

ProjectManager.com

SEPTEMBER 4, 2019

What these programs do is help project managers to plan, execute and close their project. The information is also critical for future projects in terms of reducing risk, improving efficiencies and lowering costs. Schedule and Planning: Computes early and late schedule, slack times and the critical path.

Project Life Cycle 242

Project Life Cycle Software Review Closing Budget 242

The Strategic Project Manager

MARCH 14, 2024

Strategic Planning – During strategic planning, a strategist would use tools such as the strategy canvas and the four actions framework to assess the company’s current strategic profile and identify areas for value innovation. Value innovation can serve as a guiding principle throughout the strategic planning process.

Innovation 52

Innovation Sustainability Performance Measurement Risk Management 52

Herding Cats

SEPTEMBER 26, 2018

We’ve all heard that large numbers of projects fail because of poor planning or poor project management. First, we must recognize that without a clear and concise description of done, the only measures of progress are the passage of time, consumption of resources, and production of technical features. Follow the plan.

Performance Measurement 116

Performance Measurement Risk Management Defining Risk 116

Herding Cats

APRIL 16, 2019

Business, Technical, Systems, Risk, and Project Management Briefings and Presentations. Project Performance Management (#PPM). Planning and Scheduling (#PS). Risk Management (#RM). Technical Performance Measures (#TPM). Integrated Master Plan and Master Schedule (#IMPIMS). Management Processes (#MP).

Technical Review 42

Technical Review Performance Measurement 2003 Government 42

Entry

SEPTEMBER 1, 2017

Step 2: Create the Project Plan. The project plan is the core of your project and needs to involve all of the stakeholders and gain their buy-in. The project plan should provide direction over the project’s lifespan. Review the plan with status updates. Define how to address risks should they arise.

Software Review 150

Software Review Infrastructure Performance Measurement Initiating 150

Project Pulse Journal

APRIL 25, 2024

It includes developing and standardizing processes and enforcing standardized templates, methodologies, and tools across all projects, ensuring a consistent approach to project planning and execution. Performance Measurement Implementing and maintaining performance measures and metrics is essential for assessing success.

PMO 52

PMO Government Governance 2014 52

MPUG

APRIL 4, 2022

The role of a project manager (PM) is not only to plan, execute, and track a project, but that of closing a project properly. Variance analysis, on the other hand , is a technique with which one can know the cause and degree of difference between latest baseline and actual performance.

Closing 109

Closing Performance Measurement Project Life Cycle Executing 109

The Strategic Project Manager

MARCH 11, 2024

It helps in strategic planning by highlighting opportunities for creating a “blue ocean” of uncontested market space, where competition is irrelevant or minimal. Identify areas where your company is performing well compared to competitors and areas where there is room for improvement.

Technical Review 105

Technical Review Innovation Retail Sustainability 105

Henny Portman

SEPTEMBER 17, 2024

The emergent approach has several disadvantages: it does not guarantee that the strategy can be implemented with the planned activities or with all the projects in the portfolio. Additionally, project portfolio configuration tools include scenario sandboxing, score and budget overviews, capacity analysis, visualization, and scenario planning.

Technical Review 52

Technical Review Software Review Government Governance 52

Herding Cats

AUGUST 5, 2017

Managing Cost, Schedule, & Technical Performance Risk Is The Basis Of Good Project Management. Risk management is essential to the success of any significant project. Certain information about key project cost, performance, and schedule attributes are often unknown until the project is underway.

Risk Management 42

Risk Management Risk Estimate Underperforming Technical Team 42

Leading Agile

APRIL 29, 2021

Return on Investment or ROI is a performance measure used to evaluate the efficiency of an investment. It addresses how much a company will earn back from the cash outlays or costs to be incurred that the organization is planning to make. Payback Period.

Finance 86

Finance Agile Performance Measurement Estimate 86

Herding Cats

NOVEMBER 29, 2017

Designing, building, testing, and deploying complex systems is fraught with risk. And as always risk comes from uncertainty. Much has been written about the sources of risk and how to Manage in the Presence of Uncertainty (This briefing describes how risk is managed for each element of the Integrated Master Plan). .

Planning 42

Planning Software Review Government Governance 42

Herding Cats

MARCH 11, 2018

Research clearly shows the root causes of most software projects cost and schedule overruns and technical shortfalls comes from poor risk management. Now To Risk Management. Risk is the effect of uncertainty of objectives. ISO 31000:2009, ISO 17666:2016, and ISO 11231:2010 Risk is Uncertainty that Matters.

Software Development 34

Software Development Software Developers Risk Management Risk 34

Project Pulse Journal

MARCH 18, 2024

Imagine navigating project risks confidently with efficient resource utilization, managing projects for maximum efficiency, and promoting a culture of transparency and accountability within your project team and organization. However, it's not merely about mitigating risks; it's about transforming them into opportunities for value creation.

Government 52

Government Governance Risk Management 2015 52

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

ProProfs Project Management

MARCH 18, 2020

Initiation is the very first phase of project management, and it is all about measuring the value, benefits, and feasibility of the project. The main tools used in initiation are the business case document and the benefits management plan. . Once the project is approved in the initiation phase, the next thing to do is planning.

Process 99

Process Project Life Cycle Development Team Review Risk Management 99

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

ProProfs Project Management

JANUARY 21, 2020

An assumption in project management refers to assuming about possible factors or situations that may occur in the project planning process that it may actually happen. Performance Measurement Baseline. This creates a point of comparison of all the other baselines to evaluate project performance. Assumption. Stakeholder.

Underperforming Technical Team 111

Underperforming Technical Team Estimate Risk Management Defining 111