Remove Estimate Remove Process Remove Project Cost Remove Software Engineering
article thumbnail

Kanban History: Origin & Expansion Across Industries

ProjectManager.com

The kanban board is broken down into columns that represent the different stages of a process, and the kanban cards are individual tasks that move from one column to the next as they move through the process. This created less waste and increased the efficiency of processes. When one bin is empty, the next bin refills it.

article thumbnail

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

Herding Cats

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. This is the foundation for estimates.

Process 45
Insiders

Sign Up for our Newsletter

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

article thumbnail

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"? . This quote demonstrates a lack of understanding of making decisions in the presence of uncertainty and the processes and events that create uncertainty. All project work has uncertainty. All estimates have precision and accuracy.

2003 46
article thumbnail

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. requires making estimates) ? Management of Novel Projects Under Conditions of High Uncertainty,” A. IEEE Transactions on Software Engineering , Vol. De Meyer, C.

article thumbnail

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. Information about key project cost, (technical) performance and schedule attributes is often uncertain or unknown until late in the program. requires making estimates) ? reducible and irreducible ?

article thumbnail

Project Budget Example: How to Create an Accurate Project Budget for Junior Project Managers

PM Basics

We’ll review the project budget example in just a minute. When you think about the project budget, what comes to your mind? I need accurate estimates. To create an accurate project budget, you need to identify 100% of project work. You can guess and make the high-level estimation that has a bullet-proof buffer.

Budget 82
article thumbnail

Software Estimating Resources

Herding Cats

This blog page is dedicated to the resources used to estimate software-intensive systems using traditional and agile development methods. Cost Modeling Agile Software Development,” Maarit Laanti and Petri Kettunen, International Transactions on Systems and Applications, Volume 1 Number 2, pp. Chakraborty and K.