loading...
Portfolio Management Method for Deadline Planning
Sydney, Australia September 03-September 05
DOI Bookmark: http://doi.ieeecomputersociety.org/10.1109/METRIC.2003.1232478Ninth International Software Metrics ...
 This Article 
 
PDF
HTML
 
 Share 
   
 Bibliographic References 
   
 Add to: 
 
Digg
Furl
Spurl
Blink
Simpy
Google
Del.icio.us
Y!MyWeb
 
 Search 
   
Rachel M. Fewster, University of Auckland
Emilia Mendes, University of Auckland

We introduce a portfolio management method that uses effort estimates to build sets of feasible deadlines for software projects at the bidding stage. Effort estimates can involve considerable error, and this must be taken into account when selecting deadlines. We show how a simple probability model can allow for possible errors. The model is built using a single effort estimate for each current project, together with historical data on estimated and actual effort for former projects.

The probability model is used in two ways: firstly to find the probability of successfully meeting a set of proposed deadlines; and secondly to select deadlines that deliver a fixed probability of success. Rather than treating projects in isolation, we work with the full company portfolio, enabling setbacks in some projects to be balanced by gain in others. Our method is implemented with demonstrations in the tool PROJMAN.

Index Terms:
effort estimation; project management; regression model; risk analysis; risk management
Citation:
Rachel M. Fewster, Emilia Mendes, "Portfolio Management Method for Deadline Planning," metrics, pp.325, Ninth International Software Metrics Symposium (METRICS'03), 2003
Usage of this product signifies your acceptance of the Terms of Use.