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. Which risk avoidance or elimination strategies are working and which are not? The Economics of Risk Management.

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

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

Scrum.org

This bias often manifests as a “positive test strategy” (Klayman & Ha, 1987) where people only test assumptions by looking for what confirms them, but not by also considering what would falsify them. The Liberating Structure Myth Turning is a good example of this strategy. Fundamental attribution error. How to reduce this bias.

2015 213
article thumbnail

Strategic Project Management: How To Align Work With Business Goals?

Teamweek

Strategic Project Management Example Strategic Project Management Benefits Strategic Project Management Vs. Project Management How to Align Projects with Business Strategy? It has been around since 2006. Instead, SPM involves creating and managing a portfolio of projects that support business strategy. Ready to get started?

2006 87
article thumbnail

Quote of the Day

Herding Cats

Making decisions in the presence of uncertainty requires estimating the outcomes of those decisions. Any conjecture claiming decision can be made in the presence of uncertainty without estimates is a fallacy. 212279, February 2006. Why Guessing is not Estimating and Estimating is not Guessing. and Vidal, L-A.,

2005 31
article thumbnail

Quote of the Day

Herding Cats

Making decisions in the presence of uncertainty requires estimating the outcomes of those decisions. Any conjecture claiming decision can be made in the presence of uncertainty without estimates is a fallacy. 212279, February 2006. Why Guessing is not Estimating and Estimating is not Guessing. and Vidal, L-A.,

2005 28
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