Project Estimating, Planning, Contract Negotiation and Pricing

Project Estimating, Planning, Contract Negotiation and Pricing

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Vendor underestimation of the effort required to deliver a project is probably the most common of all the root causes of troubled projects. Activity-based software project cost estimation is the only approach that is sufficiently 'industrial strength' to be used as a basis for contract. Software sizing professionals are an essential part of a vendor's capability, providing valuable software sizing and estimating support to bid teams. Automated cost estimating tools provide more consistent estimates, more easily, than can be achieved manually. They are very valuable toprovide an early sizing of a software project, to support a detailed activity-based estimate, and to provide a 'sanity check' on manual activity-based estimates. The more effective your software development processes or the higher the level of the Capability Maturity Model your organisation has reached the more competitive you will be in the marketplace and the more accurate your estimates will be. Process improvement programmes to move from Level 1 to Level 3 are costly, but there is a substantial and ongoing return on this investment.

Inspec keywords: project management; software cost estimation; software tools; Capability Maturity Model; DP industry; software development management

Other keywords: project planning; automated cost estimating tool; industrial strength; capability maturity model; software project delivery; process improvement program; contract pricing; vendor underestimation; vendor capability; contract negotiation; software sizing professional; activity-based software project cost estimation; software development process

Subjects: Software engineering techniques

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