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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Favaro, J. (2004). Efficient Markets, Efficient Projects, and Predicting the Future. In: Eckstein, J., Baumeister, H. (eds) Extreme Programming and Agile Processes in Software Engineering. XP 2004. Lecture Notes in Computer Science, vol 3092. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-540-24853-8_9
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DOI: https://doi.org/10.1007/978-3-540-24853-8_9
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