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The Economic Impact of Learning and Flexibility on Process Decisions
November/December 2005 (vol. 22 no. 6)
pp. 76-83
Hakan Erdogmus, National Research Council Canada
Organizations can rest their software process decisions on a more solid basis than subjective preferences and dogma. Economics is one such basis. Understanding how high-level process characteristics alter a software project's economics can lead to informed decisions and improve value creation. This article illustrates this point by focusing on two central characteristics of iterative and incremental development?flexibility and learning?and how these characteristics support creation of economic value under uncertainty.
Index Terms:
software economics, software process, value-based software engineering, iterative and incremental development, agile software development, extreme programming
Citation:
Hakan Erdogmus, "The Economic Impact of Learning and Flexibility on Process Decisions," IEEE Software, vol. 22, no. 6, pp. 76-83, Nov.-Dec. 2005, doi:10.1109/MS.2005.165
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