Remove Application Development Remove Controlling Remove Finance Remove Project Cost
article thumbnail

Software Cost Accounting

Herding Cats

For internal use software, there are three stages defined by accounting guidance: 1) preliminary project phase (i.e. planning, evaluating alternatives, conceptual formation); 2) application development (i.e. Internal and external costs incurred during the preliminary project stage shall be expensed as they are incurred.

article thumbnail

The Complete Glossary of 614 Project Management Terms

Workamajig

Bottleneck: In project management terms, a bottleneck is any constraint that restricts the movement of a process. With this approach, the project's cost and/or duration are calculated by adding the cost/duration of all its constituent activities. Contingency Reserves are commonly used for projects with known risks.

article thumbnail

Software Estimating Resources

Herding Cats

“The contribution of mathematical modelling to the practice of project management,” Terry Williams, IMA Journal of Management Mathematics, Volume 14, Issue 1, Jan. Control Variates for Stochastic Network Simulation,” T. A Project–Product Model-Based Approach to Planning Work Breakdown Structures of Complex System Projects,” A.