article thumbnail

9 Steps to Managing Risk for Your Projects

LiquidPlanner

an estimate of three or more on the scale mentioned in No. Estimation. Once you’ve determined what you’ll do to address each risk, estimate how much it will cost you to do so. When you have a proven process to lean on, it will undoubtedly lead to projects running more smoothly and successfully. Assign owners.

article thumbnail

Basis of Estimating Software Development

Herding Cats

The estimating of software development is both straightforward and complex. When it is suggested that estimating is hard, of no value, and unnecessary, always ask what principle is used to support that claim? Software Sizing and Estimating: Mk II FPA , Charles Symons, John Wiley & Sons, 1991. Don't hear one?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Illusion of Velocity

Scrum.org

Insisting on precise estimates in such scenarios leads to unrealistic commitments and, often, failure to deliver value, impeding the building of trust between teams and their stakeholders. 2015): Team of Teams: New Rules of Engagement for a Complex World. Learn more with the following Sources : McChrystal, S., Collins, T.,

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. All estimates have precision and accuracy. Deciding how much precision and accuracy is needed for a credible estimate is critical to the success of that decision.

2003 46
article thumbnail

Risk Management Resources

Herding Cats

requires making estimates) ? Estimation of Long?Term Risk Analysis & Estimating Uncertainty … and what this has to do with the price of milk in McLean,” Phil Beenhouwer, The Society of Cost Estimating & Analysis (SCEA), May 17, 2006. 4, February 24, 2015. Thomas, Director Today , December 2015.

article thumbnail

A Compendium of Risk Management Resources

Herding Cats

requires making estimates) ? Estimation of Long?Term Risk Analysis & Estimating Uncertainty … and what this has to do with the price of milk in McLean,” Phil Beenhouwer, The Society of Cost Estimating & Analysis (SCEA), May 17, 2006. 4, February 24, 2015. Thomas, Director Today , December 2015.

article thumbnail

Complete Collection of Project Management Statistics 2015

Wrike

Lean & Test Driven Development (TDD) – 11%. Estimated Project-Oriented Job Openings 2010-2020: . Inadequate cost estimates – 29%. Inaccurate task time estimate – 27%. Project Management Institute: Pulse of the Profession 2015: Capturing the Value of Project Management 2015. 69% to 45% ). [12].

2015 60