Issue No.06 - June (2003 vol.29)
<p><b>Abstract</b>—We discuss a method of developing a software bidding model that allows users to visualize the uncertainty involved in pricing decisions and make appropriate bid/no bid decisions. We present a generic bidding model developed using the modeling method. The model elements were identified after a review of bidding research in software and other industries. We describe the method we developed to validate our model and report the main results of our model validation, including the results of applying the model to four bidding scenarios.</p>
Software projects, bidding, risk, software cost estimation, Monte Carlo simulation, software bidding model, model validation, contingency costs.
Lesley M. Pickard, Stephen Linkman, Peter W. Jones, "Modeling Software Bidding Risks", IEEE Transactions on Software Engineering, vol.29, no. 6, pp. 542-554, June 2003, doi:10.1109/TSE.2003.1205181