Herding Cats

DECEMBER 30, 2017

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. Risk Management is how adults manage projects - Tim Lister. This is how business works.

Estimate 61

Estimate Governance Government Risk Management 61

Herding Cats

OCTOBER 5, 2018

Risk Management is How Adults Manage Projects - Tim Lister. 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. Some colleagues have engineering or finance educations. In all cases, we start our work with.

Estimate 40

Estimate Engineering Software Engineering Software Developers 40

Herding Cats

NOVEMBER 22, 2017

Paul Boos has a post about estimating and makes a case for the Principles of when NOT to estimate. This struck a cord around a bigger topic - the inversion of estimating. When should we NOT estimate? Then on to the original conjecture for No Estimates from Paul's post. That is, to make decision with “No estimates”.

Estimate 34

Estimate Governance Government Risk Management 34

Herding Cats

JUNE 18, 2017

Can you make a decision without an estimate? There are NO means of making a credible decision in the presence of uncertainty without estimating the outcome of that decision. Let's look at each of these from the point of view of Managerial Finance and Economics of Decision Making the presence of Uncertainty. First a principle.

Estimate 37

Estimate Risk Management Finance Risk 37

Planio

APRIL 22, 2024

According to some estimates , PMs spend 90% of their time communicating with team members, sponsors, and stakeholders. The budget and scope remain on track, but there are risks to the project’s software development resources following a resignation. This risk is under management, and no action is required at this stage.

Executing 88

Executing Fractional CTO Technical Review CTO Hire 88

Herding Cats

JUNE 10, 2017

All project work is probabilistic (actually statistical and probabilistic), with reducible and irreducible uncertainties that create reducible and irreducible risks to the success of the project. Let's look at what estimates are needed to answer each of the Five questions: Principle. Estimate Needed To Answer The Question.

Estimate 40

Estimate Finance Risk Management Sustainability 40

Planio

MAY 8, 2023

In fact, the digital transformation market was estimated at a whopping $731.1 On average, IT projects come with more complexity and risk, and can quickly fall to pieces without proper due diligence, management, and leadership. Identifies and mitigates risks to the project. ?️ billion in 2022 — with no signs of slowing down.

Technical Review 78

Technical Review Software Review Development Team Review Infrastructure 78

Herding Cats

OCTOBER 11, 2018

We can make decisions in the presence of uncertainty without estimating the outcome of that decision on our probability of success. Any criticism of the NO Estimates statement is met with being blocked from the discussion. Any criticism of the NO Estimates statement is met with being blocked from the discussion.

Estimate 38

Estimate Software Engineering Engineering Software Developers 38

Herding Cats

JULY 16, 2017

The GAO Cost Estimating and Assessment Guide has 12 steps. There are not specific to Agile Software Development. Again, this is the basis of Managerial Finance. Uncertainty creates risk. Risk Management is how Adults Manage Projects - Tim Lister. Conduct Schedule Risk Analysis.

Estimate 35

Estimate Agile Cadence Risk Management 35

Herding Cats

AUGUST 27, 2017

There's a recent post titled Four Fallacious Reasons to Estimate. It lists the usual suspects for why those spending the money think they don't have to estimate how much they plan to spend when they'll be done producing the value they've been assigned to produce for that expenditure. Let's look at each one in more detail.

Estimate 46

Estimate Software Review Underperforming Technical Team Technical Review 46

Herding Cats

MAY 10, 2019

Risk Management is essential for development and production programs. Risk issues that can be identified early in the program, which will potentially impact the program later, termed Known Unknowns and can be alleviated with good risk management. requires making estimates) ? Risk Management Papers. “A

Risk Management 38

Risk Management Risk Technical Review 2002 38

Herding Cats

NOVEMBER 3, 2016

Risk Management is How Adults Manage Projects - Tim Lister. Since all risk comes from uncertainty - reducible (Epistemic) and irreducible (Aleatory), estimating is a foundation of all we do. To be informed how to estimate in this broad range of domains, problems, and impacts - education, exp[erience, and skill are needed.

Estimate 28

Estimate Software Engineering Engineering Risk Management 28

Herding Cats

MARCH 8, 2017

When we hear that the next big thing in agile is Not Estimating, let's look to see how those 12 Principles can be applied without those estimates? . How estimates help implement these principles. Without estimates what is missing. This is basic managerial finance when spending other people’s money.

Estimate 35

Estimate Agile Sustainability Engineering 35

Herding Cats

MAY 11, 2019

This blog page is dedicated to the resources used to manage the risk encountered on software-intensive systems using traditional and agile development methods. Let's start with a critical understanding of the purpose of managing risk on software development projects. requires making estimates) ?

Risk Management 35

Risk Management Risk Technical Review 2002 35

Epicflow Blog

AUGUST 5, 2021

Though the technology is still being developed, it has numerous applications in our every-day life: it’s widely used in pharmaceutical and healthcare industry (its recent breakthrough was the development of covid-19 vaccine), finance, manufacturing, automotive industry, etc. . Software developer.

Artificial Inteligence 98

Artificial Inteligence 2025 Technical Review Software Review 98

Herding Cats

MAY 8, 2016

ways to make decisions with No Estimates. Uncertainty of course is present in all software development work both reducible and irreducible uncertainty. can we make a decision in the presence of Uncertainty without making an estimate of the impact or outcome of that decision? An estimate is. It's a fallacy.

Estimate 28

Estimate Underperforming Technical Team Software Governance 28

TrustRadius Project Management

OCTOBER 27, 2022

The software solution’s versatile nature allows it to fall into several categories of business software, all in one software or software package. If you want to see more ERP providers with a list of software with end-user feedback h e re. How does ERP Software Selection Work?

Software Review 62

Software Review Software Technical Review Artificial Inteligence 62

TrustRadius Project Management

OCTOBER 27, 2022

The software solution’s versatile nature allows it to fall into several categories of business software, all in one software or software package. If you want to see more ERP providers with a list of software with end-user feedback h e re. How does ERP Software Selection Work? Future Growth Considerations.

Software Review 62

Software Review Software Technical Review Artificial Inteligence 62

ProjectManager.com

MARCH 27, 2019

A critical success factor for a software development project is how it is funded. In this blog I’ll explore several common options for funding software development projects. Next, decide how the team will go about accessing the funds being provided to them (this is usually chosen by your organization’s finance group).

Software Developers 243

Software Developers Software Development Software Review Software 243

Herding Cats

SEPTEMBER 12, 2018

There are mysteries to managing in the presence of uncertainty for those who understand the principles of Risk Management of cost, schedule, and technical performance and know how to apply them using Managerial Finance, Microeconomics of Software Development, and Probabilities Decision making.

Finance 34

Finance Estimate Engineering Risk Management 34

Herding Cats

JUNE 9, 2018

There is always lots of complaining about the biases introduced into managing projects and making the estimates needed to make project decisions. Optimism bias - a cognitive bias that causes a person to believe that they are at a lesser risk of experiencing a negative event compared to others. These principles originate in: .

Transportation 39

Transportation Software Engineering Finance 2011 39

nTask

DECEMBER 23, 2021

It has also been noted that companies that have developed project management practices save 28 times more in finances than those that do not. How PMP Software Transformed the Project Management Scene? Identify and resolve risks and issues. Identify and manage risks. Risk management. Track progress.

2022 78

2022 Software Review Software Technical Review 78

Epicflow Blog

AUGUST 5, 2021

Though the technology is still being developed, it has numerous applications in our every-day life: it’s widely used in pharmaceutical and healthcare industry (its recent breakthrough was the development of covid-19 vaccine), finance, manufacturing, automotive industry, etc. . Software developer.

Artificial Inteligence 52

Artificial Inteligence 2025 Technical Review Software Review 52

Herding Cats

SEPTEMBER 25, 2018

Of course, all three of these are operating in the presence of uncertainty and therefore require estimates to be made. Estimates of the aleatory and epistemic uncertainties that create risk to the delivered Value need to be handled. Tryin to measure every consequence from the choices between alternatives.

2009 34

2009 Artificial Inteligence 2013 2005 34

Herding Cats

JUNE 25, 2016

There's another rash of Twitter posters supporting the conjecture that decisions can be made about how to spend other people's money without estimating the impact and outcome of that decision. Managerial Decision Making Under Risk and Uncertainty Ari Riabacke. Software development decision making is a well studied subset of that field.

2008 44

2008 Finance Estimate Software Developers 44

Wrike

JUNE 11, 2023

Second, SOPs should include step-by-step instructions with specific details and considerations to minimize confusion and reduce the risk of errors. Let’s say you’re managing a software development project. You may need SOPs for tasks such as code review, software testing, and release management.

Process 36

Process Software Review Construction Technical Review 36

The IIL Blog

APRIL 27, 2018

First let’s keep the concept of ROI basic, which is in this context: Applying this equation to a real-life example, if the cost for rolling out a SMILE activity = $10,000 and the estimated value of the program is $100,000 (considering quantitative and/or qualitative factors such as listed above): This number is not exaggerated.

Software Review 121

Software Review 2004 2012 PMI 121

Herding Cats

JUNE 9, 2018

There is always lots of complaining about the biases introduced into managing projects and making the estimates needed to make project decisions. Optimism bias - a cognitive bias that causes a person to believe that they are at a lesser risk of experiencing a negative event compared to others. These principles originate in: .

Transportation 28

Transportation Software Engineering Finance 2011 28

Leading Answers

MAY 1, 2020

For example, a project I worked on to develop and roll out a custom GPS routing solution for truck drivers used an agile approach for the software development—and a largely predictive approach for scheduling the equipment install in the trucks and training the drivers. Does it include finance, HR and sales?

Agile 88

Agile Finance Executing 2020 88

Herding Cats

JULY 8, 2018

One of the books used by a vocal No Estimates advocate is Black Swans by Nassim Taleb. This advocate continually confuses Macroeconomics of financial markets and sovereign finance with Microeconomics of software development. The No Estimates advocates have a similar set of behaviors.). Acquiring Data Retires Risk.

2002 34

2002 2008 Technical Review Software Review 34

Herding Cats

NOVEMBER 14, 2018

AHP was developed in the 1970s by Dr. Thomas Saaty. In our agile software development world, AHP is rarely found. Using this method, the performance, cost, time, and risks of alternatives can be articulated as ratios that can then be compared with one another. Risk assessment can be made with Ordinal value as well.

Technical Review 47

Technical Review 2010 2014 Software Developers 47

Herding Cats

FEBRUARY 9, 2018

I've seen estimates abused by bad managers, so let's NOT estimate and that will fix the behavior of Bad Managers." While the human behaviors are real and observable, conjecturing that decisions can be made in the presence of uncertainty without estimating the outcome of those decisions, there is no principle to support that conjecture.

Underperforming Technical Team 44

Underperforming Technical Team Estimate 2003 Software Review 44

Herding Cats

JANUARY 19, 2018

Have sufficient Contingent Budget and Management Reserve to cover the cost variances from the naturally occurring cost behaviors, event-based impacts on cost, or cover things that go wrong with the Risk Cost coverage. These uncertainties create a risk to all three entities of the project. IT Risk Management. Related articles.

Performance Measurement 31

Performance Measurement Estimate Finance Manufacturing 31

Herding Cats

OCTOBER 11, 2017

This quote is coming back in the modern era of internet-based misinformation pundits in many domains, including project management and software development processes. IT Risk Management. Why Guessing is not Estimating and Estimating is not Guessing. ." — Wolfgang Pauli said of a student's physics paper.

Finance 35

Finance Manufacturing Governance Government 35

Herding Cats

JULY 8, 2018

One of the books used by a vocal No Estimates advocate is Black Swans by Nassim Taleb. This advocate continually confuses Macroeconomics of financial markets and sovereign finance with Microeconomics of software development. The No Estimates advocates have a similar set of behaviors.). Acquiring Data Retires Risk.

2002 28

2002 2008 Technical Review Software Review 28

Herding Cats

JULY 10, 2018

This is used by #Noestimates by stating I know people who successfully do not estimate. This is common when we read about examples of a decision being made without estimating and a positive result occurred, thus confirming that a decision can be made without an estimate of the outcome. Every good principle is a prohibition.

Estimate 31

Estimate Finance Software Developers Software Development 31

Leading Answers

JUNE 14, 2018

Iterative development of small batches of work, with frequent reviews, provides better insights into progress and issues than sequential, large-batch development. As organizations realize software represents a market differentiator, they recognize their systems will never be “done.”

Technical Review 116

Technical Review Agile Lean Sustainability 116