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Microeconomics and Risk Management in Decision Making for Software Development

Herding Cats

Microeconomics is applicable to the development is software systems. 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."

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Cone of Uncertainty Bibliography

Herding Cats

It can be the needed performance of a measure - Effectiveness, Performance, Key Performance Parameter, or a Technical Performance Measures. The specifics of the Technical Performance Measures applied to inform Physical Percent Complete and the Cone of Uncertainty around the TPM are shown here.

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4 Fallacious Reasons to Estimate and Why Those Are Fallacious

Herding Cats

This is a recurring theme of #NoEstimates it's a waste to me the developer, I'd rather be coding , I'm not good at estimating , I see no value in my making estimating when you're just going to use them against me when I'm late and over budget. Root Cause: Productivity is the efficacy of the investment of time, talent, and money.

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Start with Principles, Not Personal Anecdotes

Herding Cats

This model can be produced parametrically (Reference Class Forecasting) or through a simulation (Monte Carlo or Method of Moments is common). . Or ANY software project for that matter. In the project domain, an estimate is a calculated approximation of some desired measurement. Estimates have precision and accuracy.