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Controlling Lost Opportunity Costs in Agile Development – the Basic Lost Opportunity Estimation Model for Requirements Scoping

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Author

Editor

  • Michael Cusumano
  • Bala Iyer
  • N. Venkatraman

Summary, in English

We present a model for estimating the final keep/cancel decision point, on a per-feature basis, for scope inclusion in a future release. The Basic Lost Opportunity Estimation Model (BLOEM), based on data from a company that uses an agile-inspired software development model, supports feature selection when the time-dependent business value estimates change as the requirements analysis progresses. The initial BLOEM validation, conducted on a set of 166 features, suggests that the model can valuable input to the feature selection process for a given release, helping to control lost opportunity costs due to feature cancellation. Limitations of BLOEM are discussed and issues for further research are presented.

Publishing year

2012

Language

English

Pages

255-260

Publication/Series

Software Business/Lecture Notes in Business Information Processing,

Volume

114

Issue

2

Document type

Conference paper

Publisher

Springer

Topic

  • Computer Science

Keywords

  • Requirements management scope management agile development software business

Conference name

Third International Conference, ICSOB 2012

Conference date

2012-06-18 - 2012-06-20

Conference place

Cambridge, MA, United States

Status

Published

Project

  • UPITER - Efficient requirements architectures in platform-based requirements management for mobile terminals

ISBN/ISSN/Other

  • ISBN: 978-3-642-30745-4