Herding Cats

Decision Analysis - Ordinal and Cardinal Measures

When we hear of the difficulties of making decisions in the presence of uncertainty, especially about software features and capabilities, there are straightforward ways to solve this problem. Decision Analysis is a principle, technique, and application to address complex decisions... Read more →

Managing in the Presence of Risk

Information technology project risk often comes from non-technical aspects of the initiative. Assessing the impact of technology on people, management systems and other initiatives is essential to assure project success. "We automate problems" This department slogan was posted on an... Read more →

Quote of the Day

"Uncertainty management is not just about managing perceived threats, opportunities, and their implications; it is about identifying and managing all the many sources of uncertainty that give rise to and shape our perceptions of threats and opportunities. It implies exploring... Read more →

The CIO's Contribution to Project Failure

IT project failure starts with demanding the project maintain its budget and delivery times in the absence of a Plan to go along with the Schedule of the work. Failure starts with the lack of an adequate description of what... Read more →

Modeling the Future is the Basis of Project Success

There's a notion going around that ... “I don’t believe you can make a model of a possible future.” This ignores the principles of predictive analytics, and the direct management actions taken to produce outcomes from those analytical models found... Read more →

Quote of the Day

No sensible decision can be made without taking into account not only the world as it is, but the world as it might be — Isaac Asimov To make sensible decisions, in the presence of uncertainty - reducible and irreducible... Read more →

Don't Be Fooled

This is a new Category on Herding Cats that comes from my finishing of the book Standard Deviations: Flawed Assumptions, Tortured Data, and Other Ways to Lie with Statistics, Gary Smith. Of late I've encountered many people on the web... Read more →

Monte Carlo Simulation

Estimation is part of project management. The most important estimates for the project manager are related to time and cost. And remember you're High School Economics class - The Value of something cannot be determined alone, you need to know... Read more →

Risk Management is Project Management for Adults

Tim Lister's quote is a universal principle for the success of any project, product, or program in the presence of uncertainty. I'm finishing up the charts for a one day workshop at the Project and Program Management Symposium as well... Read more →

Software Intensive System of Systems

The domain I work in is categorized as Software Intensive System of Systems (SISoS). In this domain, we applied traditional program and project management methods for cost and schedule management at the top level. This means a Capabilities Based Plan... Read more →

Black Swans

One of the books used by a vocal No Estimates advocate is Black Swans by Nassim Taleb. This advocate continually confuses Macroeconomics of financial markets and sovereign finance with Microeconomics of software development. They are not the same, the processes... Read more →

The Fallacy of #NoEstimates

There is a Blog Video speaking the #NoEstimates that opens with the following. Let's look at the credibility of each of the statements below: Estimating can be an endemic problem in organisations these days because estimating is fundamentally guessing, yet... Read more →

Biases in Project Management and How to Remove Them

There is always lots of complaining about the biases introduced into managing projects and making the estimates needed to make project decisions. In Kahnemann's Thinking Fast and Slow there are three biases. † Cognitive bias - a mistake in reasoning,... Read more →

INVEST, Scrum and Enterprise IT

The term INVEST is an acronym for good User Stories Independent (of all others) Negotiable (not a specific contract for features) Valuable (to the business or the project) Estimable (to a good approximation) Small (so as to fit within an... Read more →

Quote of the Day

I do not define Time, Space, Place and Motion, as being well known to all. Only I must observe, that the common people conceive those quantities under no other notions but from the relation, they bear to sensible objects. And... Read more →

Value, Cost and Business Decision Making

In Software Value of something is totally unrelated to Cost This is a popular fallacy in the #Noestimates advocates vocabulary. Let's look at the principles of cost, price, and value to the customer from the point of view of the... Read more →

Project Versus Product in Agile Development

Agree, and focus more on discovery since in *delivery* you have 4 problems: 1. Requirements will change, 2. Requirements are never complete 3. It’s impossible to gather all requirements in beginning 4. You don’t have enough time or $$$ to... Read more →

Microeconomics and Risk Management in Decision Making for Software Development

Economics is a social science concerned chiefly with description and analysis of the production, distribution, and consumption of goods and services. Economics is the study of how people make decisions in resource-limited situations. Economics has two basis branches: Macroeconomics is... Read more →

Value First, Requires Margin and Contingency

There's a popular notion in Agile that says Focus on Value. The principles of microeconomics of decision making in the presence of uncertainty mandates you make estimates of how to achieve that Value in terms of cost and schedule, those... Read more →

Physical Percent Complete: Knowing When You Are Done

The goal of every program manager is to have a set of practices that connect all the programmatic planning, risk, and performance information in a single unified view needed to support the decisions that increase the probability of success of... Read more →