Remove Performance Measurement Remove Process Remove Software Engineering Remove Study
article thumbnail

Microeconomics and Risk Management in Decision Making for Software Development

Herding Cats

Economics is the study of how people make decisions in resource-limited situations. Economics has two basis branches: Macroeconomics is the study of how people make decisions in resource-limited situations on a national or global scale. Software engineering economics." Boehm, Barry W. Programmatic ?

article thumbnail

Risk Management is How Adults Manage Projects

Herding Cats

The term Epistemic comes from Epistemology, the study of knowledge. All making things smaller dos is show that you're late, over budget, and what you're building (Technical Performance Measures) doesn't work faster. Waltzing with Bears: Managing Risk on Software Projects, Tom Demarco and Timothy Lister, Dorset House, 2003.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Biases in Project Management and How to Remove Them

Herding Cats

Cognitive bias - a mistake in reasoning, evaluating, remembering, or other cognitive processes, often occurring as a result of holding onto one's preferences and beliefs regardless of contrary information. Because of that, we don't separate the thinking processes into a dual-system. A process based on tangible evidentiary materials.

article thumbnail

Cone of Uncertainty - Revisited

Herding Cats

Specific actions to reduce the Episuncertaintiesnaties and Margin to handle the Aleatory uncertainies are part of any good project management process. . Coping with the Cone of Uncertainty: An Empirical Study of the SAIV Process Model,” Da Yang, Barry Boehm, Ye Yang, Qing Wang, and Mingshu Li, ICSP 2007 , LNCS 4470, pp.

2012 29
article thumbnail

Biases in Project Management and How to Remove Them

Herding Cats

Cognitive bias - a mistake in reasoning, evaluating, remembering, or other cognitive processes, often occurring as a result of holding onto one's preferences and beliefs regardless of contrary information. Because of that, we don't separate the thinking processes into a dual-system. A process based on tangible evidentiary materials.

article thumbnail

Cone of Uncertainty - Part Cinq

Herding Cats

Barry Boehm's work in “Software Engineering Economics”. The Cone is a project management framework describing the uncertainty aspects of estimates (cost and schedule) and other project attributes (cost, schedule, and technical performance parameters). There can be cost and schedule performance measures as well.

article thumbnail

Start with Principles, Not Personal Anecdotes

Herding Cats

The "bad management" is itself a symptom of untrained, inexperienced, unskilled decision making processes in the presence of uncertainty. . An Estimate is a value inferred for a population of values based on data collected from a sample of data from that population or generated from a model of the process being estimated.