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IT Financial Management (ITFM) Best Practices

ProjectManager.com

This is done through analysis, planning and managing costs that are related to IT operations, projects and services. To accomplish this requires financial governance, creating and controlling an IT budget, tracking expenses and doing cost-benefit analysis of IT investments. Learn more Who’s Responsible for IT Financial Management?

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Cost and Value Management for Software Development

Herding Cats

This, of course, is a violation of the principles of Managerial Finance and Microeconomics of software development in the presence of uncertainty and scarce resources. Software Project Cost Estimation . There are numerous horror stories about software development cost and schedule overruns.

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Principles of Cost and Schedule Estimating

Herding Cats

One of the 4 summary root causes of project performance failures is Unrealistic Cost and Schedule Estimates based on inadequate risk-adjusted growth models. If you have no uncertainty, then estimates provide no value. One notion in a governance paradigm is It's Not Your Money . This is how business works.

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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. 61, September 2004.

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The Ultimate Guide to Parametric Estimating in Project Management

Wrike

Project estimation is the backbone of proper project planning and execution. Using the right project estimation techniques helps managers predict the time, cost, and resources needed to complete a project. What is parametric estimating? What is parametric estimating? Analogous and parametric estimating.

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Why Johnny Can't Estimate? (Update)

Herding Cats

There is a discussion of the conjecture that estimates are a waste, estimates can't be done, estimates are evil, estimates must be stopped immediately. To be informed how to estimate in this broad range of domains, problems, and impacts — education, experience, and skill are needed. illities are a waste.

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Decision Analysis - Ordinal and Cardinal Measures

Herding Cats

When we hear of the difficulties of making decisions in the presence of uncertainty, especially about software features and capabilities, there are straightforward ways to solve this problem. Decision Analysis is a principle, technique, and application to address complex decisions in a structured manner. And of course. References . [1]