Senior Management's Role in Software Project Success (or Failure): Part II -- Where Do Arbitrary Completion Dates Come From?

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Senior Management's Role in Software Project Success (or Failure): Part II -- Where Do Arbitrary Completion Dates Come From?

Executive Update
Posted July 31, 2006 in Agile Product Management & Software Engineering Excellence, Business Technology & Digital Transformation Strategies

Thomas C. Schelling was awarded the 2005 Nobel Prize in economics, 1 but his most famous work was not strictly in that field; it was in game theory. In his 1960 landmark book The Strategy of Conflict [2], Schelling explains how you can increase your bargaining power by voluntarily binding yourself (e.g., "I can't pay you more for this project because I informed the board that I would resign if I did").