Remove Analysis Remove Influencer Remove Project Cost Remove Software Engineering
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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. Taxonomy-Based Risk Identification,” Marvin Carr, Suresh Konda, Ira Monarch, Carlo Ulrich, and Clay Walker, Technical Report, CMU/SEI-93-TR-6, Software Engineering Institute, June 1993.

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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. Information about key project cost, (technical) performance and schedule attributes is often uncertain or unknown until late in the program. Management of Novel Projects Under Conditions of High Uncertainty,” A.

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Two Parallel Processes of Project Success - Both Value and Delivery are Needed

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For software development, those scarce resources are people, time, and money. Software engineering economics is a topic that addresses the elements of software project costs estimation and analysis and project benefit-cost ratio analysis. Software development is Micro, not Macro.

Process 45
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Microeconomics and Risk Management in Decision Making for Software Development

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Economics is a social science concerned chiefly with description and analysis of the production, distribution, and consumption of goods and services. 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.

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Software Estimating Resources

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Why Monte Carlo Simulations of Project Network can Mislead,” Terry Williams, Project Management Journal 35(3), pp. Monte Carlo Schedule Risk Analysis,” Intaver Institute, Inc. Software Development Effort Estimation using Fuzzy Bayesian Belief Network with COCOMO II,” B. 61, September 2004. Chakraborty and K.

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DDSTOP The Saga Continues

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Yes, you have to pay for them, but that cost is cheap compared to a naive and novice approach based on experimenting with other people's money. In all engineering worlds, from software engineering to bending metal for money, there is really nothing new under the sun. This solution is called Software Engineering.

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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.