Remove 2010 Remove Estimate Remove Project Cost Remove Software
article thumbnail

Misunderstanding Making Decisions in the Presence of Uncertainty

Herding Cats

What happens if you shift focus from "accurate estimation" to "reliably shipping by a date"? . If your project has no uncertainty, there is no need to estimate. Turns out in the real world there is no such project. All estimates have precision and accuracy. First, let's establish a principle.

2003 46
article thumbnail

Risk Management Resources

Herding Cats

Information about key project cost, (technical) performance, and schedule attributes is often uncertain or unknown until late in the program. requires making estimates) ? Management of Novel Projects Under Conditions of High Uncertainty,” A. “A IEEE Transactions on Software Engineering , Vol. 255, April 2010.

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 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) ? 255, April 2010.

article thumbnail

Saving ?osts in a Long-Term Perspective: How a Resource Management Solution Will Help You Gain More in the Long Run

Epicflow Blog

What causes excessive expenses in project management? Too optimistic budget estimates Or course, you can hardly make accurate estimates before a project kicks off – there’s too much uncertainty regarding its further implementation. In this case, cost overrun won’t be long in coming. References Kenton, Will.

article thumbnail

Microeconomics and Risk Management in Decision Making for Software Development

Herding Cats

Microeconomics is applicable to the development is software systems. 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." Macroeconomics is not. .

article thumbnail

Software Estimating Resources

Herding Cats

This blog page is dedicated to the resources used to estimate software-intensive systems using traditional and agile development methods. Cost Modeling Agile Software Development,” Maarit Laanti and Petri Kettunen, International Transactions on Systems and Applications, Volume 1 Number 2, pp.

article thumbnail

Compendium of Works to Increase Probability of Project Success

Herding Cats

Here's a collection of presentations, briefings, papers, essays, book content used to increase the Probability of Project Success (PoPS) I've written and applied over my career in the software-intensive system of systems and other domains. Agile Software Development (#ASD). Enterprise IT and Embedded Systems (#EIT).