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Microeconomics and Risk Management in Decision Making for Software Development

Herding Cats

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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Decision Analysis - Ordinal and Cardinal Measures

Herding Cats

AHP was developed in the 1970s by Dr. Thomas Saaty. AHP has been studied, refined, and applied for over 40 years to be an effective approach to complex group decision making. [7]. In our agile software development world, AHP is rarely found. Mathematically, the value equals performance over cost plus time.

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Complete Collection of Project Management Statistics 2015

Wrike

Browse this collection of project management statistics collected from studies and reports from the past five years. Paper-based self-studies – 16%. Implement/enhance performance measurement process – 39%. [13]. Why a Majority of Business and IT Teams Anticipate Their Software Development Projects Will Fail.

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Risk Management is How Adults Manage Projects

Herding Cats

The term Epistemic comes from Epistemology, the study of knowledge. All making things smaller dos is show that you're late, over budget, and what you're building (Technical Performance Measures) doesn't work faster. Agile Risk Management and Scrum , Alan Moran, Institute for Agile Risk Management, 2014.

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Modeling the Future is the Basis of Project Success

Herding Cats

For approaches that have been implemented on existing systems, obtaining such understanding may require measurement and analysis. For scenarios where the project under consideration does not yet exist, performance prediction using analytical modeling or simulation is necessary. 1-11, January 2014. Data Mining | DMIN'17.