Remove Construction Remove Risk Remove Software Developers Remove Software Engineering
article thumbnail

Agile vs Waterfall: What’s the Difference?

ProjectManager.com

Commonly used in engineering and software development, it’s a more structured approach because progress falls in one direction, like a waterfall, from ideation to launch. Design : There are two parts to this phase, including logical design and physical design, all resulting in the software or product architecture.

Agile 391
article thumbnail

Microeconomics and Risk Management in Decision Making for Software Development

Herding Cats

If we look at the discipline of software engineering, we see that the microeconomics branch of economics deals more with the types of decisions we need to make as software engineers or managers. Software engineering economics." IEEE Transactions of Software Engineering, 1 (1984): 4-21.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Risk Management Resources

Herding Cats

Risk Management is essential for development and production programs. Risk issues that can be identified early in the program, which will potentially impact the program later, termed Known Unknowns and can be alleviated with good risk management. Effective Risk Management 2 nd Edition , Edmund Conrow, AIAA, 2003.

article thumbnail

A Compendium of Risk Management Resources

Herding Cats

This blog page is dedicated to the resources used to manage the risk encountered on software-intensive systems using traditional and agile development methods. Let's start with a critical understanding of the purpose of managing risk on software development projects. reducible and irreducible ?

article thumbnail

Risk Management is How Adults Manage Projects

Herding Cats

In a recent exchange in social media, it was clear the notion of risk and the sources of risk, the consequences or risks and managing in the presence of risk was in very unclear, when it was conjectured , we can simply slice the work into small bits and REDUCE risk. . This is good, but it doesn't reduce risk.

article thumbnail

Misunderstanding Making Decisions in the Presence of Uncertainty

Herding Cats

The naturally occurring work effort in the development of a software feature - even if we've built the feature before - is an irreducible uncertainty. The risk is created when we have not accounted for this natural variances in our management plan for the project. An aleatory risk is expressed as a relation to a value.

2003 46
article thumbnail

Software Estimating Resources

Herding Cats

Effort Distribution to Estimate Cost in Small to Medium Software Development Project with Use Case Points,” Putu Linda Primandari and Sholiq, The Third Information Systems International Conference, Procedia Computer Science, 72, pp. Monte Carlo Schedule Risk Analysis,” Intaver Institute, Inc. 61, September 2004. & Zein, S.,