Project Bliss

FEBRUARY 21, 2018

Budget – estimated cost of the project. Finances – funding to complete the project. Technology – this could cover software development, platforms, environments, and infrastructure. Budget – estimated cost of the project. Finances – funding to complete the project. Delivery – what’s intended to be delivered.

Technical Review 208

Technical Review Software Review Finance Monitoring 208

Herding Cats

NOVEMBER 21, 2018

This, of course, is a violation of the principles of Managerial Finance and Microeconomics of software development in the presence of uncertainty and scarce resources. Software Project Cost Estimation . There are numerous horror stories about software development cost and schedule overruns.

Software Development 60

Software Development Software Developers Software Finance 60

Herding Cats

DECEMBER 30, 2017

One of the 4 summary root causes of project performance failures is Unrealistic Cost and Schedule Estimates based on inadequate risk-adjusted growth models. If you have no uncertainty, then estimates provide no value. One notion in a governance paradigm is It's Not Your Money . This is how business works.

Estimate 61

Estimate Government Governance Risk Management 61

LiquidPlanner

JULY 13, 2022

Software like LiquidPlanner makes it easy to create an action plan against your goals. LiquidPlanner helps you estimate timelines by listing tasks and then applying ranged estimations. Perhaps your personal finances shifted from what you anticipated. What are your mid-year milestones?

Software Review 146

Software Review Underperforming Technical Team Estimate Budget 146

MPUG

JANUARY 4, 2021

For at least twenty years and counting, the world around us has become more and more software driven, and, as a result, more digital. Electric vehicles are about 50% software, in terms of value, whereas fossil fuel cars are mostly hardware. Banks have essentially been software developing organizations for a long time.

Artificial Inteligence 122

Artificial Inteligence Critical Chain Underperforming Technical Team Agile 122

Herding Cats

AUGUST 27, 2017

There's a recent post titled Four Fallacious Reasons to Estimate. It lists the usual suspects for why those spending the money think they don't have to estimate how much they plan to spend when they'll be done producing the value they've been assigned to produce for that expenditure. Let's look at each one in more detail.

Estimate 46

Estimate Software Review Underperforming Technical Team Technical Review 46

Herding Cats

OCTOBER 5, 2018

There is a discussion of the conjecture that estimates are a waste, estimates can't be done, estimates are evil, estimates must be stopped immediately. To be informed how to estimate in this broad range of domains, problems, and impacts — education, experience, and skill are needed. illities are a waste.

Estimate 40

Estimate Engineering Software Engineering Software Development 40

Herding Cats

JUNE 18, 2017

Can you make a decision without an estimate? There are NO means of making a credible decision in the presence of uncertainty without estimating the outcome of that decision. Let's look at each of these from the point of view of Managerial Finance and Economics of Decision Making the presence of Uncertainty. First a principle.

Estimate 37

Estimate Risk Management Finance Risk 37

Scoro

JULY 13, 2021

Each task is depicted as a horizontal bar (usually color-coded), the length of which is the task’s estimated duration. The first real-time Gantt chart from Scoro Software. Software development. Software development typically has the following: Project management activities. Development.

Software Review 94

Software Review Construction Software Developers Software Development 94

Herding Cats

NOVEMBER 22, 2017

Paul Boos has a post about estimating and makes a case for the Principles of when NOT to estimate. This struck a cord around a bigger topic - the inversion of estimating. When should we NOT estimate? Then on to the original conjecture for No Estimates from Paul's post. That is, to make decision with “No estimates”.

Estimate 34

Estimate Government Governance Risk Management 34

Herding Cats

JUNE 10, 2017

Let's look at what estimates are needed to answer each of the Five questions: Principle. Estimate Needed To Answer The Question. A core principle of Managerial Finance is Value cannot be determined without knowing the Cost to achieve that Value. . You can't apply risk management without estimating. Good question.

Estimate 40

Estimate Finance Risk Management Sustainability 40

The IIL Blog

APRIL 27, 2018

First let’s keep the concept of ROI basic, which is in this context: Applying this equation to a real-life example, if the cost for rolling out a SMILE activity = $10,000 and the estimated value of the program is $100,000 (considering quantitative and/or qualitative factors such as listed above): This number is not exaggerated.

2004 121

2004 Software Review 2012 PMI 121

Herding Cats

NOVEMBER 20, 2018

Performance quantitative risk analysis - numerically estimates the effects of risk on project objectives. In the presence of these uncertainties, estimates must be made of all aspects of the risk management process. Planning risk responses - takes stapes to enhance the opportunities and reduce the threat to meeting project objectives.

Risk Management 56

Risk Management Risk Estimate Finance 56

Planio

MAY 20, 2024

Behind the scenes, most companies have some level of project management structure in place, be it budget approval meetings, design workshops, software development cycles, and customer communication plans. This doesn’t just come from good organization but from knowing how to estimate work before timelines are committed.

Underperforming Technical Team 88

Underperforming Technical Team Risk Management Software Review Finance 88

Leading Answers

JUNE 14, 2018

As organizations realize software represents a market differentiator, they recognize their systems will never be “done.” So, they move from the start-stop world of software development through projects and instead adopt continuous development and drip-feed funding models.

Agile 116

Agile Technical Review Lean Sustainability 116

Epicflow Blog

AUGUST 5, 2021

Though the technology is still being developed, it has numerous applications in our every-day life: it’s widely used in pharmaceutical and healthcare industry (its recent breakthrough was the development of covid-19 vaccine), finance, manufacturing, automotive industry, etc. . Software developer.

Artificial Inteligence 98

Artificial Inteligence 2025 Technical Review Software Review 98

Herding Cats

JULY 16, 2017

The GAO Cost Estimating and Assessment Guide has 12 steps. There are not specific to Agile Software Development. Again, this is the basis of Managerial Finance. These describe the increasing maturity of the project's artifacts. But here's how they are connected. Capture All Activities.

Estimate 35

Estimate Agile Cadence Risk Management 35

Herding Cats

MARCH 8, 2017

When we hear that the next big thing in agile is Not Estimating, let's look to see how those 12 Principles can be applied without those estimates? . How estimates help implement these principles. Without estimates what is missing. This is basic managerial finance when spending other people’s money.

Estimate 35

Estimate Agile Sustainability Engineering 35

Herding Cats

NOVEMBER 3, 2016

Since all risk comes from uncertainty - reducible (Epistemic) and irreducible (Aleatory), estimating is a foundation of all we do. There is no discussion of the conjecture that estimates are a waste, estimates can't be done, estimates are evil, estimates must be stopped immediately. illities are a waste.

Estimate 28

Estimate Software Engineering Engineering Risk Management 28

Wrike

NOVEMBER 1, 2021

Project estimation is the backbone of proper project planning and execution. Using the right project estimation techniques helps managers predict the time, cost, and resources needed to complete a project. What is parametric estimating? What is parametric estimating? Analogous and parametric estimating.

Estimate 36

Estimate Underperforming Technical Team Project Life Cycle Construction 36

Herding Cats

OCTOBER 11, 2018

We can make decisions in the presence of uncertainty without estimating the outcome of that decision on our probability of success. Any criticism of the NO Estimates statement is met with being blocked from the discussion. Any criticism of the NO Estimates statement is met with being blocked from the discussion.

Estimate 38

Estimate Software Engineering Engineering Software Developers 38

Herding Cats

MAY 8, 2016

ways to make decisions with No Estimates. Uncertainty of course is present in all software development work both reducible and irreducible uncertainty. can we make a decision in the presence of Uncertainty without making an estimate of the impact or outcome of that decision? An estimate is. It's a fallacy.

Estimate 28

Estimate Underperforming Technical Team Software Government 28

Wrike

NOVEMBER 15, 2021

A rough order of magnitude estimate, also known as ROM, is an estimation of a project’s level of effort and cost to complete. ROM estimates take place early in a project life cycle and guide strategy and planning choices. Generally, it’s used for estimating a project budget that doesn’t have a lot of detail.

Estimate 36

Estimate Risk Management Budget Project Life Cycle 36

Herding Cats

SEPTEMBER 24, 2017

I've since lost my handbook issued at TRW for the Software Development Lifecycle processes used on the programs we worked, but the loop approach of plan, do, study, act was at the basis of that method. You cannot make an informed decision in the presence of uncertainty without estimating the impact of that decision.

2003 56

2003 Process Government Governance 56

Scoro

OCTOBER 30, 2020

Forecast is an all-in-one solution that makes it easy to finetune workflow, operations, and finances. What’s special about this tool: Forecast uses machine learning to allow managers to estimate task duration and allocate team members based on availability. Software development. Pricing: Available on request.

Software Review 98

Software Review 2020 Software Artificial Inteligence 98

Leading Answers

MAY 1, 2020

For example, a project I worked on to develop and roll out a custom GPS routing solution for truck drivers used an agile approach for the software development—and a largely predictive approach for scheduling the equipment install in the trucks and training the drivers. Does it include finance, HR and sales?

Agile 88

Agile Finance 2020 Executing 88

TrustRadius Project Management

OCTOBER 27, 2022

The software solution’s versatile nature allows it to fall into several categories of business software, all in one software or software package. If you want to see more ERP providers with a list of software with end-user feedback h e re. How does ERP Software Selection Work?

Software Review 62

Software Review Software Technical Review Artificial Inteligence 62

TrustRadius Project Management

OCTOBER 27, 2022

The software solution’s versatile nature allows it to fall into several categories of business software, all in one software or software package. If you want to see more ERP providers with a list of software with end-user feedback h e re. How does ERP Software Selection Work? Future Growth Considerations.

Software Review 62

Software Review Software Technical Review Artificial Inteligence 62

Herding Cats

JUNE 25, 2016

There's another rash of Twitter posters supporting the conjecture that decisions can be made about how to spend other people's money without estimating the impact and outcome of that decision. Software development decision making is a well studied subset of that field. Here's a starting point to learn that simply not true .

2008 44

2008 Estimate Finance Software Development 44

Planio

MAY 8, 2023

In fact, the digital transformation market was estimated at a whopping $731.1 However, as IT projects often require a deeper understanding of technology, many IT PMs have a background in software development or IT support. Software Developers). billion in 2022 — with no signs of slowing down.

Technical Review 78

Technical Review Software Review Development Team Review Infrastructure 78

Planio

JANUARY 16, 2023

Unlike a software developer, graphic designer, or accountant, your job isn't to do the doing , your job is to ensure the doing gets done. Then, break down the work required to achieve your scope and objectives, and use project estimating techniques to work out how long those tasks will take you. No project is free.

Influencer 78

Influencer Finance Risk Management Risk 78

Planio

APRIL 24, 2023

In 2021, the Project Management Institute estimated that by 2030 the global economy would need 25 million more project managers to keep up with the demand for change. He confirms the benefits outweigh the investment and puts the business case to the Finance Director for approval. But there’s a problem.

Development Team Review 78

Development Team Review 2030 Underperforming Technical Team Risk Management 78

Herding Cats

FEBRUARY 23, 2016

The conjecture that we can make decisions in the presence of uncertainty without estimating the impacts of those decisions is without any principles that can be tested beyond personal anecdotes of I know people who spend other peoples money without providing estimates. Not a group that likes to get questions, by the way.

Estimate 39

Estimate Risk Management Finance Software Development 39

Herding Cats

MAY 23, 2016

Estimating is part of all decision making in the presence of uncertainty. Accuracy and precision are two primary attributes of all estimates. We all know estimates are hard. But there are lots of hard things in the development of enterprise software. Estimating is part of all engineering disciplines.

Estimate 31

Estimate Software Finance Engineering 31

Planio

APRIL 22, 2024

According to some estimates , PMs spend 90% of their time communicating with team members, sponsors, and stakeholders. The budget and scope remain on track, but there are risks to the project’s software development resources following a resignation. Project managers are born communicators. 60,000) from 1st January.

Executing 88

Executing Fractional CTO Technical Review CTO Hire 88

Herding Cats

JUNE 9, 2018

There is always lots of complaining about the biases introduced into managing projects and making the estimates needed to make project decisions. Managerial Finance - the branch of finance that concerns itself with the managerial significance of finance techniques. These principles originate in: . Lumbreras, Pedro Soto?Acosta,

Transportation 39

Transportation Software Engineering Finance 2011 39

Herding Cats

FEBRUARY 9, 2018

I've seen estimates abused by bad managers, so let's NOT estimate and that will fix the behavior of Bad Managers." While the human behaviors are real and observable, conjecturing that decisions can be made in the presence of uncertainty without estimating the outcome of those decisions, there is no principle to support that conjecture.

Underperforming Technical Team 44

Underperforming Technical Team Estimate 2003 Software Review 44