Measuring Financial and Business Operation Impacts, of Software Project Initiatives and Investments, using Project Tracking MarkPoints on the Project Volume.
Evangelos Markopoulos, Nikolitsa Bouzoukou, Georgios Alexopoulos · 2009
Measuring the size of a project has always been a challenge in all the disciplines involved in project management. In software project management, defining a measurement unit for a project is even more difficult since the unique characteristics of the software make it invisible and untouchable, and therefore much more difficult to be measured. This paper presents a model that can contribute towards this issue. The MarkPoint presented can be considered as a sizing and measurement unit to a software project. The MarkPoints are based on the requirements of a project where their initial weighted distribution per requirement, implementation phase and other project elements makes the project size needed for the management of the project. The paper initially states the need for such models in the business world and defines the excepted environment for them to be applied successfully. The model and the overall concept is approach from a business and financial perspective, since it's a business oriented approach driven by business needs and expectations in managing software project and investments.