Jo Erskine Hannay
Benefit/Cost-Driven Software Development: With Benefit Points and Size Points
Benefit/Cost-Driven Software Development: With Benefit Points and Size Points
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This book provides techniques for estimating the benefit of IT development projects and portfolios, monitoring progress, and creating a benefit/cost index to prioritize functionalities. It aims to maximize value for money and overcome obstacles, providing guidance for decision-making and resource allocation.
Format: Paperback / softback
Length: 103 pages
Publication date: 18 August 2021
Publisher: Springer Nature Switzerland AG
This comprehensive open-access book offers a comprehensive set of essential techniques for estimating the potential benefits of IT development projects and portfolios. It also provides valuable methods for tracking the actual realization of these benefits throughout the project lifecycle. By combining benefit estimates with cost estimates, readers can establish a benefit-cost index, which assists them in prioritizing and sequencing the implementation of functionalities based on their potential value. This approach enables organizations to focus their resources on constructing the most cost-effective and valuable features early on, maximizing the return on their IT investments.
While benefits management encompasses a wide array of activities beyond estimation and monitoring, the techniques presented in this book provide a clear roadmap for achieving the primary objective of project and portfolio stakeholders: the development of systems that maximize usefulness and value for the invested resources. These techniques are particularly valuable in addressing potential obstacles and mitigating vicarious motives that may hinder the realization of optimal benefits. Furthermore, the book equips readers with the ability to identify situations where project budgets should be allocated strategically within a portfolio, rather than fully expended, allowing for more efficient resource utilization.
Moreover, this book serves as a valuable resource for development managers and upper management, providing them with a common foundation for making informed decisions regarding IT development projects and portfolios. By leveraging the techniques outlined herein, organizations can optimize their IT investments and achieve their strategic objectives more effectively.
Weight: 194g
Dimension: 155 x 234 x 11 (mm)
ISBN-13: 9783030742171
Edition number: 1st ed. 2021
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