Remove Governance Remove Project Cost Remove Software Development Remove Software Engineering
article thumbnail

Microeconomics and Risk Management in Decision Making for Software Development

Herding Cats

If we look at the discipline of software engineering, we see that the microeconomics branch of economics deals more with the types of decisions we need to make as software engineers or managers. Software engineering economics." IEEE Transactions of Software Engineering, 1 (1984): 4-21.

article thumbnail

Estimating is a Learned Skill

Herding Cats

The primary purpose of software estimation is not to predict a project’s outcome; it is to determine whether a project’s targets are realistic enough to allow the project to be controlled to meet them ‒ Steve McConnell. The Future of Systems-and Software Development. Springer International Publishing, 2016.

Insiders

Sign Up for our Newsletter

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

article thumbnail

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. Patnail, International Journal of Software Engineering, IJSE, 8.1,

article thumbnail

Misunderstanding Making Decisions in the Presence of Uncertainty

Herding Cats

Risk Management is essential for development and production programs. Information about key project cost, performance, and schedule attributes is often uncertain or unknown until late in the program. Hybrid–Agile Software Development Anti–Patterns, Risks, and Recommendations,” Paul E.

2003 46
article thumbnail

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. Management of Novel Projects Under Conditions of High Uncertainty,” A. México, 1 al 3 de Febrero de 2006.

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. 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.

article thumbnail

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

Herding Cats

Software development is a Value Creaton activity, but Value cannot be determined unless we know the cost to produce that value and when that value will be available for use by those who of paid for that Value. For software development, those scarce resources are people, time, and money. Microeconomics .

Process 45