Title :
A Simple Estimate of the Cost of Software Project Failures and the Breakeven Effectiveness of Project Risk Management
Author :
Masticola, Stephen P.
Author_Institution :
Siemens Corp. Res., Princeton
Abstract :
Based on easily obtained data, a rough (but simple) estimate of the cost to an enterprise of software project failures can be formed. Using similar analysis, it is possible to estimate the effectiveness that a software quality improvement project will need to have upon the project failure rate in order to break even economically. This provides an informal calculation that can be used to cost-justify either a more complete investigation or risk management.
Keywords :
project management; risk management; software cost estimation; software process improvement; software quality; project risk management; software project failure cost estimation; software quality improvement project; Chaos; Computer industry; Costs; Educational institutions; Failure analysis; Government; Programming; Project management; Risk management; Software quality;
Conference_Titel :
Economics of Software and Computation, 2007. ESC '07. First International Workshop on the
Conference_Location :
Minneapolis, MN
Print_ISBN :
0-7695-2955-0
