article thumbnail

Practical Fibonacci: A Beginner's Guide to Relative Sizing

Scrum.org

O verview of Agile Estimating. When more is known than unknown, use absolute estimating. Absolute estimating is the practice of applying an hourly, finite estimate to each requirement. Absolute estimating is the practice of applying an hourly, finite estimate to each requirement. Borrowed from nature, this.

article thumbnail

Creating a Risk-Adjusted Backlog

Leading Answers

While profit is not their goal, usually an economic impact figure can be estimated for the outcomes they aim to achieve. I wrote about these ideas when I started blogging in 2006 as  Risk Profile Graphs. Conclusion Risk management, like estimation, should not be just a project management activity.

Risk 145
Insiders

Sign Up for our Newsletter

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

article thumbnail

A Compendium of Works to Increase the Probability of Project Success

Herding Cats

Event-Based Scheduling , 10 November 2006. How to Develop Credible Cost & Schedule Estimate. Estimating and Reporting Agile Projects using the SRDR and Earned Value Management , PSM Users Group 2017, 12-16 June 2017, Crystal City, VA. How Should We Estimate Agile Software Development Projects and What Data Do We Need ?

2003 54
article thumbnail

Risk Management Resources

Herding Cats

requires making estimates) ? México, 1 al 3 de Febrero de 2006. Pich, Working Paper, 21/2006, Cambridge University, Judge Business School. Estimation of Long?Term Estimating of Value at Risk: Extreme Value and Robust Approaches,” Grazyna Trzpiot and Justyna Majewska, Operations Research Decisions , No.

article thumbnail

In-Depth: How Easily Biases Distort What We Believe (In The Workplace)

Scrum.org

Initially coined by cognitive psychologist Lee Ross (1977), it happens when people underestimate the influence of the situation on the behavior of others while overestimating the influence of their personal traits and beliefs (Berry, 2015). When teams estimate work, hearing an initial estimate is likely to “anchor” further estimates.

2015 219
article thumbnail

A Compendium of Risk Management Resources

Herding Cats

requires making estimates) ? México, 1 al 3 de Febrero de 2006. Pich, Working Paper, 21/2006, Cambridge University, Judge Business School. Estimation of Long?Term Estimating of Value at Risk: Extreme Value and Robust Approaches,” Grazyna Trzpiot and Justyna Majewska, Operations Research Decisions , No.

article thumbnail

Microeconomics and Risk Management in Decision Making for Software Development

Herding Cats

When we hear about software development disasters and then hear that estimates are to blame, and NOT Estimating will somehow reduce or prevent these disasters, think again. Each of the categories operates in the presence of uncertainty and requires that estimates be made about the probability, conseqeunce of the resutling risk.