Understanding the economics of our projects

  • September 25, 2012 · 6:00 PM
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(Sorry about the late topic. /Mårten)

A lean mantra is "eliminate waste", but waste can be many different things meassured in different units, e.g. time to implement a feature (days), utilisation (%), cost of resources ($), missed oppurtunities (?), etc. How do we make rational economic decisions of  which waste we should focus on eliminating.


Some talking points:

- Do the managers understand the economics of our project?

- Do the devolopers understand the economics?

- Do we need to understand the ecomics?

- How do we get better at understanding the economics?

 

Economic models may help us, here is a good presentation:

"We are ignorant about our economics and unaware of our of ignorance." -- Don Reinerstein

http://www.infoq.com/presentations/Economic-Models

 

 

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  • Jeffery C.

    An odd, but very interesting meetup! As usual, nice to see so many new faces!

    September 26, 2012

  • Björn E.

    Excellent people

    September 26, 2012

  • WernerJ

    A really good one. Since no one had any definitive knowledge based on a lot of experience it turned into a very open discussion about what the economy might be and what seemed to influence it as well. Didn't resolve any issues about the economy or how to use it. But, and this is the big but, at least it was apparent that at least being aware that there is an economic model for a project might result in us trying to see it and perhaps even influence it.

    September 26, 2012

  • Katarina W.

    "We are ignorant about our economics and unaware of our of ignorance." -- Don Reinerstein

    Ignorance is bliss. Had a nice evening. See you soon

    September 26, 2012

  • Isak S.

    September 25, 2012

  • Dejan M.

    Unfortunatly missed to attend this time, hope there will be a new opportunity soon.

    September 25, 2012

  • Chris C.

    Wish I could attend, but I have to take care of daughter and then pick up wife from the airport tomorrow. Have a nice meeting and catch you next time. PS: Jeffery, I sent you an email the other day, did you receive it? Thanks.

    September 24, 2012

  • Can P.

    I'm not able to attend this one since i have a swedish lecture at the same time... But I hope I'll be with you, guys next meeting... cheers!

    September 24, 2012

  • Jeffery C.

    That was a highly interesting, and yet amazingly dull video... I was both on the edge of my seat, and at high risk of falling asleep. Maybe just because it's Friday.

    September 21, 2012

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Rafaël

We just grab a coffee and speak French. Some people have been coming every week for months... it creates a kind of warmth to the group.

Rafaël, started French Conversation Group

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