Abstract
Economic concepts have provided valuable sources of insight into important concepts underlying agile methodologies. The dynamics of capital markets are understood through the concept of market efficiency; an analogy is developed to project efficiency for understanding the dynamics of agile projects. The efficient project concept is then used to motivate the preoccupation of agile developers with dealing only with available information at any time and not trying to predict the future. Finally, six lessons of project efficiency are presented.
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CITATION STYLE
Favaro, J. (2004). Efficient markets, efficient projects, and predicting the future. In Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics) (Vol. 3092, pp. 77–84). Springer Verlag. https://doi.org/10.1007/978-3-540-24853-8_9
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