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Applying Real Options to Do Software Development Management

Author: ZhaoLei
Tutor: HeShuHong; LiJiHong
School: Yunnan University
Course: Business Administration
Keywords: Software Development Real Options COCOMOⅡModel DM Method
CLC: F407.67
Type: Master's thesis
Year: 2011
Downloads: 23
Quote: 0
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Abstract


Software development project is a high-input high-risk area, project was required get specific requirement in traditional software engineering management process, at the same time the cost of risk management were estimated by experience of project manager. Aiming at the situations that the application always required with uncertain function requirement and expected return in some modern software project, this paper try to analyze the real options that contained in the specific requirement with uncertain return in project and evaluate with DM method and Monte-Carlo simulation, combine with COCOMOⅡmodel to upgrade the traditional software management. In practical management, the results of development scale and work amounts derived and computed from COCOMOII model are considered as quantized reference of progress adjustment. Therefore, it will make the comprehensive management of the software development project more scientific and flexible, in order to overcome the shortage during the management.Meanwhile, this paper using the Smap project of Yunnan Liangzhi Tec as an example, analyze the real options that contained in mobile AR Application function development with company’s market survey, simply demonstrate the approach of management method in practice.

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CLC: > Economic > Industrial economy > Industrial economic theory > Industrial sector economy > Electrical and electronics industry > Automation technology, computer industry
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