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Microeconomics and Risk Management in Decision Making for Software Development

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Economics is the study of how people make decisions in resource-limited situations. Economics has two basis branches: Macroeconomics is the study of how people make decisions in resource-limited situations on a national or global scale. A recent survey of 600 firms indicated that 35% of them had at least one "runaway' software project.

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Software Estimating Resources

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Effort Distribution to Estimate Cost in Small to Medium Software Development Project with Use Case Points,” Putu Linda Primandari and Sholiq, The Third Information Systems International Conference, Procedia Computer Science, 72, pp. Nobel Approaches & Practical Applications, AIT 2011. Chakraborty and K.

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Estimating is a Learned Skill

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The primary purpose of software estimation is not to predict a project’s outcome; it is to determine whether a project’s targets are realistic enough to allow the project to be controlled to meet them ‒ Steve McConnell. The Future of Systems-and Software Development. Springer International Publishing, 2016.

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Risk Management Resources

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Risk Management is essential for development and production programs. Information about key project cost, (technical) performance, and schedule attributes is often uncertain or unknown until late in the program. A Risk Management Methodology for Project Risk Dependencies,” Tak Wah Kwan and Hareton K.N., 3, March 2002.

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A Compendium of Risk Management Resources

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Let's start with a critical understanding of the purpose of managing risk on software development projects. Risk Management is essential for development and production programs. Information about key project cost, (technical) performance and schedule attributes is often uncertain or unknown until late in the program.

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Misunderstanding Making Decisions in the Presence of Uncertainty

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Risk Management is essential for development and production programs. Information about key project cost, performance, and schedule attributes is often uncertain or unknown until late in the program. Hybrid–Agile Software Development Anti–Patterns, Risks, and Recommendations,” Paul E. Eggstaff, Thomas A.

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