STRATEGIC MANAGEMENT OF SOFTWARE PROJECTS: COST, RISK, CONTINGENCY, BUDGET AND SCHEDULE

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Autor principal: Dr. Masood Uzzafer
Formato: Recurso digital
Publicado: Zenodo 2023
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author Dr. Masood Uzzafer
author_facet Dr. Masood Uzzafer
contents <p>This research introduces a unified <a href="https://ijetrm.com/issues/files/Apr-2023-11-1744343808-MAR202323.pdf" target="_blank" rel="noopener">simulation and modeling</a> approach for strategically managing software<br>development projects. It connects cost estimation, risk assessment, and contingency reserves directly to the<br>project's budget and schedule. The model demonstrates how various strategic choices impact these key project<br>elements. Recognizing that different strategies carry unique risks requiring specific cost and contingency<br>allocations, the study shows how each strategic decision leads to a distinct project management plan with its<br>own budget and timeline. The simulation framework quantifies cost, risk, and contingency for different strategic<br>options and then uses these figures to shape the project's budget and schedule through simulated project<br>management planning. Ultimately, this framework helps business leaders and project managers understand the<br>advantages and disadvantages of different strategic decisions, enabling them to choose a strategy that better<br>aligns with the overall corporate goals. A case study illustrates how different strategic decisions affect cost, risk,<br>and contingency, and consequently, how they determine the budget and schedule of a software project.</p>
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spellingShingle STRATEGIC MANAGEMENT OF SOFTWARE PROJECTS: COST, RISK, CONTINGENCY, BUDGET AND SCHEDULE
Dr. Masood Uzzafer
<p>This research introduces a unified <a href="https://ijetrm.com/issues/files/Apr-2023-11-1744343808-MAR202323.pdf" target="_blank" rel="noopener">simulation and modeling</a> approach for strategically managing software<br>development projects. It connects cost estimation, risk assessment, and contingency reserves directly to the<br>project's budget and schedule. The model demonstrates how various strategic choices impact these key project<br>elements. Recognizing that different strategies carry unique risks requiring specific cost and contingency<br>allocations, the study shows how each strategic decision leads to a distinct project management plan with its<br>own budget and timeline. The simulation framework quantifies cost, risk, and contingency for different strategic<br>options and then uses these figures to shape the project's budget and schedule through simulated project<br>management planning. Ultimately, this framework helps business leaders and project managers understand the<br>advantages and disadvantages of different strategic decisions, enabling them to choose a strategy that better<br>aligns with the overall corporate goals. A case study illustrates how different strategic decisions affect cost, risk,<br>and contingency, and consequently, how they determine the budget and schedule of a software project.</p>
title STRATEGIC MANAGEMENT OF SOFTWARE PROJECTS: COST, RISK, CONTINGENCY, BUDGET AND SCHEDULE
url https://doi.org/10.5281/zenodo.15192831