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Return on Software: Maximizing the Return on Your Software Investment
book

Return on Software: Maximizing the Return on Your Software Investment

by Steve Tockey
August 2004
Intermediate to advanced
656 pages
15h 28m
English
Addison-Wesley Professional
Content preview from Return on Software: Maximizing the Return on Your Software Investment

Knowledge Drives Estimation Accuracy

The most significant driver of estimation accuracy is, simply, knowledge. The more that's known about the factor being estimated, the more accurate that estimate is likely to be. When an organization has a lot of solid historical data about that factor, fairly accurate estimates can be produced (for example, using estimation by statistical methods as discussed in Chapter 22). Because of this, and the fact that historical data are usually fairly inexpensive to collect, it's a good idea to collect your own historical data for use in future decision analyses. With good historical data, business decisions can be made with a much higher degree of confidence (lower uncertainty).

Most organizations don't have historical ...

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Publisher Resources

ISBN: 0321228758Purchase book