Business Analysis / Product Management / Project Management / Requirements / Requirements Models / Use Cases

Software Cost Estimation With Use Case Points – Introduction

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Estimating the amount of work required to deliver software is hard. Estimating the amount of work in the very early stages of a project is even harder. A method was developed to estimate the amount of work required by analyzing what the system will allow its users to do. That method is called Estimating With Use Case Points. This article is an introduction to the concept.

Marketing / Polls / Product Management

Product Manager Role Details and Survey Results

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Pragmatic Marketing runs an annual survey of product managers. We looked at 440 results from the 2006 Product Manager Survey to uncover the trends in how different product manager roles are defined. The survey involved questions breaking down the allocation of time to different activities. In this article we look at how those activities varied for product managers, product marketing managers, segment / market managers, and technical product managers.

Lists / ROI

5 Return On Investment Calculation Tips

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Return on investment calculation is critical to using ROI for prioritizing requirements. We’ve discussed how to forecast return on investment by estimating costs and predicting benefits. Here are five tips to help you when calculating return on investment.

The following ROI calculation tips are detailed in this article:

1. Recognize the Risks
2. Discount Future Cash Flows
3. Separate Sales From Expenses
4. Overcome Ozymandias Syndrome
5. Ignore Infinite Elvises

Read on for the details…

Business Analysis / Prioritization / Product Management / Requirements / ROI

Prioritization With ROI and Utility

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Prioritization with ROI is generally thought of as a quantitative analysis. For hard ROI, that is true. For soft ROI, it is anything but true. You have to make a prediction of the utility of the requirement or feature. That predicted utility is based on our expected utility, which is based on your past experiences. Your past experiences are reflected in remembered utility, which is a function of experienced utility. How can you know with certainty, and use that to prioritize requirements or features?

ROI

How To Measure Costs When Calculating ROI

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At a high level, it is easy to describe ROI – the return on the investment. But how do we measure the investment? There’s a problem when we have to go to the next level. Some costs are obviously incurred as part of our actions, and some costs happen even if we don’t take the action. We have to allocate those costs across all our actions or we won’t have an accurate reflection of our investment. Without an accurate model of our investment, we can’t calculate the return on our investment.