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

Herding Cats

It's not clear why those advocating the first approach don't understand this, but the principles of MicroEconomics of software development demand we know both cost and value produced. For software development, those scarce resources are people, time, and money. Microeconomics . Making Decisions in the Presence of Uncertainty .

Process 45
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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. Taxonomy-Based Risk Identification,” Marvin Carr, Suresh Konda, Ira Monarch, Carlo Ulrich, and Clay Walker, Technical Report, CMU/SEI-93-TR-6, Software Engineering Institute, June 1993.

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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. Management of Novel Projects Under Conditions of High Uncertainty,” A.

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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.

2003 46
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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.

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21 Types Of Project Management Software (With Examples)

Teamweek

Whether you’re a small team of freelancers or a large agency, your company needs a project management tool that fits your processes like a glove. Before choosing a specific tool though, you need to decide on the type of project management software you need. Project and resource planning software.

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Software Estimating Resources

Herding Cats

So start here to build your academic foundation, that can be put to work to build a foundation of validated experience of making estimates in the presence of uncertainty and protect yourself from fallacious claims that estimates are a waste, not needed, and produce bad resulting in the decision making process for those paying you to produce value.