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Misunderstanding Making Decisions in the Presence of Uncertainty

Herding Cats

What happens if you shift focus from "accurate estimation" to "reliably shipping by a date"? . If your project has no uncertainty, there is no need to estimate. Turns out in the real world there is no such project. All estimates have precision and accuracy. Accuracy - how close is the estimate to the actual value?

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Risk Management Resources

Herding Cats

Risk Management is essential for development and production programs. Information about key project cost, (technical) performance, and schedule attributes is often uncertain or unknown until late in the program. requires making estimates) ? Use of Benefits of Tools for Project Risk Management,” T. 255, April 2010.

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A Compendium of Risk Management Resources

Herding Cats

Let's start with a critical understanding of the purpose of managing risk on software development projects. Risk Management is essential for development and production programs. Information about key project cost, (technical) performance and schedule attributes is often uncertain or unknown until late in the program.

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The Complete Glossary of 614 Project Management Terms

Workamajig

Actual dates are different from planned or estimated dates. Actual Effort: The actual effort spent to complete the activity, as opposed to the planned or estimated effort. Actual Expenditure: The actual expenditure spent to complete the activity, as opposed to the planned or estimated expenditure.

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The Best 53 Project Management Blogs You Should Be Reading

Paymo App

Project Management Software Developers. Without further ado, here is our list of the best project management blogs at the moment (in no particular order): Individual Authors. What to expect: Mike’s blog helps software development teams improve their work through Agile and Scrum. Project Management Basics.