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Microeconomics and Risk Management in Decision Making for Software Development

Herding Cats

Take for example the deployment of an ERP system, the installation, and startup of a process control system, the release of a suite of embedded software controllers for a car, aircraft, petrochemical plant. A recent survey of 600 firms indicated that 35% of them had at least one "runaway' software project.

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Managing Risks and Controlling Projects: How Data-Driven Project Management Come in Useful for Multi-Project Environments

Epicflow Blog

Risk Analysis: Essential Components A risk is an event or circumstance with either a positive or negative effect on a project. To understand the impact of a risk-bearing event, a project manager should carry out a proper risk analysis to mitigate potential threats and avoid roadblocks to successful delivery.

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Project Management Challenges with Artificial Intelligence

International Institute for Learning

As technology increases within the next two decades, AI is expected to replace humans in many of the simple and mundane tasks that are part of project and program management activities (Grace et al., Advances in software development. The tools are expected to be different for each life cycle stage of a project.

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125 Project Management Buzzwords

The IIL Blog

Continuous Improvement The ongoing effort to improve a project process, product, or service to achieve better results. Cost Estimation The process of estimating project costs is done by leveraging historical data, expert judgment, or quantitative models. Also known as continuous process improvement. it is finite).

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Misunderstanding Making Decisions in the Presence of Uncertainty

Herding Cats

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. Uncertainty comes from the lack of precision and accuracy about the possible values of a measurement of a project attribute.

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18 Best JIRA Alternatives For Agile Project Management in 2019

Workzone

JIRA from Atlassian is one of the most popular project management tools for software development teams. It boasts over 30 million customers worldwide and is designed to support Agile teams to plan, build, track progress, log issues, and release software early and often. VersionOne. Pricing: Free – $29/user/month.

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Software Estimating Resources

Herding Cats

Effort Distribution to Estimate Cost in Small to Medium Software Development Project with Use Case Points,” Putu Linda Primandari and Sholiq, The Third Information Systems International Conference, Procedia Computer Science, 72, pp. Markovian Stochastic Event Graphs,” Pierre H. Performance Evaluation of non?Markovian