More Effective Strategies
More effective strategies for dealing with uncertainties in estimates include the following:
Considering ranges of estimates
Sensitivity analysis
Delaying final decisions
These strategies are explained using the following case study.
Zymurgenics is a mythical company that makes process control hardware and software for breweries and wineries. Zymurgenics has identified a potential business opportunity; they discovered that a certain government regulation is set to expire in exactly 36 months. Between now and then, if they can develop a special software application they should be able to bring in $50,000 per month in net profit. Zymurgenics expects that the components listed in Table 23.2 are the main drivers of the project's ...
Get Return on Software: Maximizing the Return on Your Software Investment now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
