article thumbnail

How to Cash In on Project Opportunities

Project Risk Coach

The affinity diagram is a fun, creative, and beneficial exercise. Here are some examples: Your software development project is behind schedule. Another project is closing and releasing a development resource that could greatly help get your project back on schedule. Affinity Diagram.

article thumbnail

Economics of Software Development

Herding Cats

For example, about which software to buy, which Features in the development backlog should be implemented next, what prices to charge for products and services. Software development is an exercise in microeconomics, since it deals with limited resources - time, cost, and what value is produced in exchange for the time and money.

Insiders

Sign Up for our Newsletter

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

article thumbnail

How To Base Your Beliefs About Agile On Evidence

Scrum.org

Perhaps you’ve read many blog posts about how horrible SAFe is, or how useless estimation is, or what the optimal size of a team is. What if you recommend teams to stop estimation altogether and cause financial damage compared to when you wouldn’t have recommended this? You may have the practical experience to support your beliefs.

Agile 186
article thumbnail

T-shirt sizing in Agile and Waterfall Projects

Project Pulse Journal

By: Hajime Estanislao, PMP, CSM Embarking on project estimations can often feel complex - where the path forward is unclear, and the potential for missteps is high. This is where the concept of T-shirt sizing shines as a simple estimation technique. What is T-shirt Sizing?

Agile 52
article thumbnail

70 Scrum Master Theses

Scrum.org

Product Backlog Refinement and Estimation. The second set of the Scrum Master theses focuses on the importance of the Product Backlog refinement: Product Backlog refinement and estimation are essential tasks for every Scrum Team. Sprint Planning with dysfunctional teams will only result in a futile and painful exercise.

SCRUM 225
article thumbnail

New PM, New Choices

Leading Answers

Likewise, there are defined, repeatable IT projects that can (and have been) successfully managed using meticulous planning, detailed estimation, and formal change control procedures. Designing something is typically a consensus-gathering and problem-solving exercise. The custom software development was in-house and under our control.

article thumbnail

Proof of Concept: Definition & Best Practices

ProjectManager.com

For example, in software development it speaks to processes with different objects and participant roles. It exists solely to show that a product concept is both functional and can be developed. Creating prototypes is another important exercise. POC by Industry. It’s a working model of the end product.