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Software Engineering Economics

Taipei_Taiwan_052322A
[Taipei, Taiwan]
 
 

- Overview

Economics is the study of values, costs, resources and their relationships in a particular context or situation. In the software engineering discipline, activities have costs, but the resulting software itself has economic properties. 

Software engineering economics provides a method to study the properties of software and software processes in a systematic manner, linking them to economic measures. These economic indicators can be weighed and analyzed when making software organization-wide decisions, as well as comprehensively across the production or acquisition business.  

 

- Software Engineering Economics

Software engineering economics is about making software engineering-related decisions in a business setting. The success of software products, services and solutions depends on good business management. However, the relationship between the software business and software development and engineering remains ambiguous in many companies and organizations. 

Software engineering economics provides a method to systematically examine the properties of software and software processes and relate them to economic measures. These can be weighted and analyzed when making decisions within a software engineering project and its organization.

The essence of software engineering economics is to align software technology decisions with an organization's business goals. It explores key aspects of software engineering economics, including life cycle economics; risk and uncertainty; economic analysis methods and practical considerations, linking concepts and theories to contemporary software economic realities 

 

- Enterprise Software Architecture and Software Engineering Economics

In an increasingly digital world, companies understand that enterprise software architecture can yield tangible competitive advantages. Enterprise software architecture is the foundation of every technology-driven organization; not just hardware and software companies, but any organization that is building digital capabilities. 

Software architecture drives a company's ability to innovate, determines their R&D economics, and influences their operating model and ability to grow. No wonder the choice of enterprise software architecture has become a strategic imperative for businesses today.

Software engineering economics is concerned with aligning software technology decisions with an organization's business goals. In all types of organizations -- whether "for-profit", "non-profit" or government agencies -- this translates to going concern. 

 

 

[More to come ...]


 

 

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