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Real Options and Decision Making for ICT Projects

Herding Cats

Estimation locks down choices early through upfront t decision making, #NoEstimates preserves options. Real Options can be used to address the gap found in traditional capital budgeting methods. If you google "Real Options software development" or "real options ICT" you'll find these and many dozens more. Here's a sample.

2008 32
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Resources for Cone of Uncertainty

Herding Cats

Seems there is still some confusion (intentional or accidental) about the Cone of Uncertainty and its purpose and its use in software development. Some feel that the cone does not provide any value for the work they do and does not match the reducing uncertainty in their estimates.

2007 34
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Deconstructing The Cone of Uncertainty

Herding Cats

The paper on the Cone of Uncertainty is used by many in the No Estimates community as an example of why estimates are of little use. In this paper, there is data that does not follow the Cone of Uncertainty, in that the uncertainty of the estimates does not reduce as the project proceeds. Then there is some analysis.

2007 42
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Book of the Month

Herding Cats

Of course, all three of these are operating in the presence of uncertainty and therefore require estimates to be made. Estimates of the aleatory and epistemic uncertainties that create risk to the delivered Value need to be handled. the cost the alternative compared to the budget for the Value needed). Sjacter and Mark A.

2009 34
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Risk Management Resources

Herding Cats

requires making estimates) ? This blog page is dedicated to the resources used to assess risks, their impacts, and handling strategies for software-intensive systems using traditional and agile development methods. 79, 2008. “`,” Stephen Ward and Chris Chapman , International Journal of Project Management , 21, pp.

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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. requires making estimates) ? Estimation of Long?Term

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Cone of Uncertainty - Part Cinq

Herding Cats

The Cone is a project management framework describing the uncertainty aspects of estimates (cost and schedule) and other project attributes (cost, schedule, and technical performance parameters). the beginning of a project, comparatively little is known about the product or work results, and so estimates are subject to large uncertainty.