managing complexity in the face of...
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Effective Project Management: Traditional, Agile, Extreme
Managing Complexity inthe Face of Uncertainty
Ch07: How to Monitor & Control a TPM Project
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Use tools, templates, and processes to monitor & control aTPM project
Establish your progress reporting system Apply graphical reporting tools Manage the Scope Bank Build and maintain the Issues Log Manage project status meetings Define a problem escalation strategy Gain approval to close the project
After successful studying this chapter You should be able to:
Ch07: How to Monitor & Control a TPM Project
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Tools, Templates, & Processes Used to Monitor & Control
Reports
Current period reports
Cumulative reports
Exception reports
Stoplight reports
Variance reports
Gantt charts
Ch07: How to Monitor & Control a TPM Project
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Tools, Templates, & Processes Used to Monitor & Control
Burn charts Milestone trend charts Earned value analysis (EVA) Integrated milestone trend charts and EVA Project status meetings Problem escalation strategies
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Timely, complete, accurate, and intuitive Isn’t difficult and destructive Readily acceptable to senior management An effective early warning system Easily understood by those who need to know
Characteristics of Effective Progress Reporting
Ch07: How to Monitor & Control a TPM Project
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Current period reports Cumulative reports Exception reports Stoplight reports Variance reports
Five Types of Project Status Reports
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Gantt Chart Project Status Report
Figure07-01
Ch07: How to Monitor & Control a TPM Project
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Catch deviations from the curve early Dampen oscillation Allow early corrective action Determine weekly schedule variance Determine weekly effort (person hours/day) variances
Why Measure Duration and Cost Variances?
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Determine a set period of time and day of week Report actual work accomplished during this period Record historical and re-estimate remaining (residual) Report start and finish dates Record days of duration accomplished and remaining Report resource effort spent and remaining Report percent complete
How and What Information to Update?
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Hold daily team meetings Complete tasks ASAP (As Soon As Possible) Report problems ASAP Don’t fall victim to the “creeps” Don’t guess – ask questions Good enough is good enough Meet but do not exceed requirements Be open and honest with your team mates
How to Keep a Project on Schedule?
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Positive Variances – deviations from the plan indicating thatan ahead-of-schedule or a cost less than budgeted hasoccurred
Negative Variances – deviations from the plan indicatingthat a behind-schedule or cost greater than the budgetedhas occurred
Variances
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Gantt Chart Project Status Report
Figure07-02
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The project is progressingaccording to plan.
The project has a problem.A Get Well plan is in place.The situation will correct.
The project is failing.Intervention is required.
Exception Report – Stoplight Reports
Ch07: How to Monitor & Control a TPM Project
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Burn Charts
Figure07-03
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Cumulative Reports - Milestone Trend Charts
Figure07-04
Ch07: How to Monitor & Control a TPM Project
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Cumulative Reports - Milestone Trend Charts
Figure07-05
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Cumulative Reports - Milestone Trend Charts
Figure07-06
Ch07: How to Monitor & Control a TPM Project
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Cumulative Reports - Milestone Trend Charts
Figure07-07
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Earned Value Management – The Standard S-Curve
Time
Progress
2/3 Time - 3/4 Progress
1/3 Time - 1/4 Progress
Figure07-08
Ch07: How to Monitor & Control a TPM Project
Earned value project/performancemanagement (EVPM) is a projectmanagement technique for measuringproject performance and progress in anobjective manner. It combines emeasurements of the Scope, Schedule,and Costs
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Earned Value Management – Application example
Ch07: How to Monitor & Control a TPM Project
Project A has been approved for a duration of 1 year and with thebudget of X. It was also planned, that the project spends 50% of theapproved budget in the first 6 months. If now 6 months after the start ofthe project a Project Manager would report that he has spent 50% ofthe budget, one can initially think, that the project is perfectly on plan.However in reality the provided information is not sufficient to come tosuch a conclusion. The project can spend 50% of the budget, whilstfinishing only 25% of the work, which would mean the project is notdoing well; or the project can spend 50% of the budget, whilstcompleting 75% of the work, which would mean that project is doingbetter than planned. EVM is meant to address such and similar issues.
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Earned Value Management – The Aggressive Curve
No ramp up - no learning time
Time
Progress
Ch07: How to Monitor & Control a TPM Project
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Earned Value – The Curve to Avoid
About 30% of the work done
70% to 80% of the time gone by
Time
Progress
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How to Measure Percent of Value Earned?
100 – 0 0 – 100 50 – 50 Proportion of tasks completed
Report date
100 - 0 0 - 100
50 - 50
10 tasks complete 4 tasks not complete
10/14
Work in process
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Figure07-09
Earned Value Management – Cost VarianceCh07: How to Monitor & Control a TPM Project
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Figure07-10
Earned Value – Schedule Variance
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How to Measure Earned Value
Figure07-11
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Figure07-12
Earned Value – The Full Story
ScheduleVariance
Cost Variance
PV
AC
EV
Time
Progress
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Figure07-13
Earned Value – PV, EV and AC curves
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Earned Value – Basic Performance Indices
Cost Performance Index (CPI)A measure of how close the project is to spendingon the work performed to what was planned tohave been spent.
Schedule Performance Index (SPI)A measure of how close the project is to performing work as it wasactually scheduled.
CPI = EV/AC
SPI = EV/PV
INDEX VALUES< 1: over budget or behind schedule> 1: under budget or ahead of schedule
Ch07: How to Monitor & Control a TPM Project
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Earned Value – Performance Indices
Project Week87654 9321
1.00.80.60.4
1.21.41.6
C CC
CC CS S
SS
SS
under budgetahead of schedule
over budgetbehind schedule
Project: ALPHA
Figure07-14
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Earned Value – Performance IndicesProject: ALPHA
C CC
C C CS SS
S S S CS
S
Cunder budgetahead of schedule
over budgetbehind schedule
1.00.80.60.4
1.21.41.6
Project Week87654 9321
Figure07-15
Ch07: How to Monitor & Control a TPM Project
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Earned Value – Performance IndicesProject: ALPHA
C CC
C CC
S SS
S
SS C
S
under budgetahead of schedule
over budgetbehind schedule
1.00.80.60.4
1.21.41.6
Project Week87654 9321
Figure07-16
Ch07: How to Monitor & Control a TPM Project
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Earned Value – Performance Indices
Portfolio average
Portfolio: BETA Program
ahead of schedule
behind schedule1.00.80.60.4
1.21.41.6
Project Week87654 9321
Figure07-17
Ch07: How to Monitor & Control a TPM Project
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Initial deposit of 10% of total labor days All of the unfinished functions and features and the labor time to
develop them are also deposited in the Scope Bank. The time to process and integrate a Scope Change request draws
time from the Scope Bank. To add time to the Scope Bank remove unfinished functions and
features and deposit their labor time in the Scope Bank. Client should continuously reprioritize contents of the Scope Bank
Managing the Scope Bank
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ID Number Date logged Description of the problem Impact if not resolved The problem owner Action to be taken Status Outcome
Maintaining the Issues Log
Ch07: How to Monitor & Control a TPM Project
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Who Should Attend? When Are They Held? What Is Their Purpose? What Is Their Format?
Managing Project Status Meetings
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Entire team or Task Managers for tasks open for work Everyone stands up Rotate the meeting facilitator Status of each task is reported
On schedule Ahead of schedule (by how much) Behind schedule (by how much and get well plan)
Update Scope Bank Update Issues Log
The 15 Minute Daily Status Meeting
Ch07: How to Monitor & Control a TPM Project
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Affected parties only Agree on problem Agree on who owns the problem Brainstorm solutions Prioritize solutions Update Issues Log Schedule next meeting
Problem Management Meeting
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Problem Escalation Strategies – Who Controls What?
Scope and Quality
Resource Availability
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Project Manager-Based Strategies No action required. Problem will self-correct Examine dependency relationships Reassign resources
Resource Manager-Based Strategies Negotiate additional resources
Client-Based Strategies Negotiate multiple release strategies Request schedule extension
Problem Escalation Strategies
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No action required (schedule slack will correctthe problem)
Examines FS dependencies for schedulecompression opportunities
Reassign resources from non-critical pathtasks to cover the slippage.
Negotiate additional resources Negotiate multiple release strategies Request schedule extension from the client
Escalation Strategy Hierarchy
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When the client is satisfied that theacceptance criteria have been met theproject enters the closing phase.
Gaining Approval to Close the Project
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End of Chapters (7)