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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. This uncertainty is modeled as a stochastic process of an inherently random physical model. Now To Risk Management.

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Estimating is a Learned Skill

Herding Cats

The same process for estimating is applied to multi-billion dollar projects we work. And the same process is applied to the Scrum development processes on those projects. . Here's some materials that provide the tools and processes needed to learn how to estimate. The Future of Systems-and Software Development.

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Software Estimating Resources

Herding Cats

So start here to build your academic foundation, that can be put to work to build a foundation of validated experience of making estimates in the presence of uncertainty and protect yourself from fallacious claims that estimates are a waste, not needed, and produce bad resulting in the decision making process for those paying you to produce value.

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

Scrum.org

People often fail to understand this fallacy because they underestimate how much of their behavior and their outcomes are influenced by randomness (Taleb, 2007). Survival bias happens when failures are ignored when you are evaluating if a process or decision is the right one (Schermer, 2014). How to reduce this bias.

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Risk Management Resources

Herding Cats

“A Taxonomy of Threats for Complex Risk Management,” Centre for Risk Studies, Research Programme of the Cambridge Centre for Risk Studies, University of Cambridge, Judge Business School, June 2014. “A IEEE Transactions on Software Engineering , Vol. Norton, The Systems Engineering Process Office, MITRE Corporation, 6 June 1999.

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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. IEEE Transactions on Software Engineering , Vol.

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Without a Root Cause Analysis, No Corrective or Preventive Action is Credible - Part 1

Herding Cats

But before going further, let's establish the definitions we need to understand and apply Root Cause Analysis needed to discover the corrective and preventive actions to increase the probability of project success - especially Software Project Success. Gano, Atlas Books, 2007. 02202, The Aerospace Corporation, 30 May 2014.

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