Counting the cost of IT projects
P. Coombs · Information Professional · 2004
We discuss about counting the cost of IT projects. Estimating the cost of a project has to be the most thankless task in IT, but it should be one of the most important. We also discuss how we justify projects when we do not try to find out the real cost. Estimates are need for three reasons: the first is to justify a project. It enables the cost to be compared with anticipated benefit. Second is the estimate used to enforce the discipline which is needed to make the project succeed and the third is to improve software production procedures and evaluate the effects of process improvement.