Software Process And Measurement Cast

Welcome to the Software Process and Measurement Cast 115! Recorded in the Marriott Courtyard Dun Loring Fairfax in Virginia.  Happy New Year! Moral Hazards occur when someone insulated from risk behaves differently than they would behave if they were fully exposed to the risk. I recently listened to someone order two pounds of chicken wings and then comment that his high cholesterol drugs would protect him from the potential negative impact.  He felt insulated from the risk therefore made a different choice if he had not been insulated. The discussions financial crises and bank bailouts have embedded the term moral hazard into our day to day vocabulary (not just into discussions of behavioral economics). While it is rare, even today,  to attach the concept of moral hazard to a methodology or software development framework, I would suggest that when applied to the world of project governance, moral hazards do exist and might not be easily recognized or mitigated. While I am not suggesting you will run into any