Past Meetup

Understanding the economics of our projects

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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