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Microeconomics and Risk Management in Decision Making for Software Development

Herding Cats

Take for example the deployment of an ERP system, the installation, and startup of a process control system, the release of a suite of embedded software controllers for a car, aircraft, petrochemical plant. A recent survey of 600 firms indicated that 35% of them had at least one "runaway' software project. 55-66, 2017.

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A Compendium of Works to Increase the Probability of Project Success

Herding Cats

Project Performance Management. Connecting the 5 Principles and 5 Practices of Performance-Based Project Management ® To Increase the Probability of Project Success. Building a Credible Performance Measurement Baseline. Measures of Product Value is Exchange for Its Cost. Technical Performance Measures.

2003 54
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Compendium of Works to Increase Probability of Project Success

Herding Cats

Project Performance Management (#PPM). Technical Performance Measures (#TPM). Cost, Schedule, and Technical Performance Management (#CSTPM). Product Development (#ProdDev). Agile Software Development (#ASD). Those lessons are directly transferable to the management of software development teams.

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The Functions of a Project Management Office

Project Pulse Journal

Here are three common types of PMOs from across various sectors: Supportive PMO Industry Application - A supportive PMO is common in industries where projects require flexibility and autonomy, such as IT and software development enterprises. Function - A supportive PMO provides guidance, best practices, templates, and tools.

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Decision Analysis - Ordinal and Cardinal Measures

Herding Cats

AHP was developed in the 1970s by Dr. Thomas Saaty. In our agile software development world, AHP is rarely found. Using this method, the performance, cost, time, and risks of alternatives can be articulated as ratios that can then be compared with one another. 4] “On the Theory of Scales of Measurement,” S.S.

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Biases in Project Management and How to Remove Them

Herding Cats

With these business principles of software development and projects in general, we can ask and answer five principles of project success. What dos Done look like in units of measure meaningful to the decision makers? Andersson, Journal of Risk and Uncertainty , 54(1), June 2017. [3] Tinghog, and D.

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Why Johnny Can't Do The Math

Herding Cats

In software development, those managing the project have some understanding the market forces (from their marketing departments), the technology (from their engineering department), and how to manage in the presence of Aleatory and Epistemic risk (the managers running a successful firm). Software development is a non-ergodic process.