Title | ||
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Is This Cost Estimate Reliable? -- The Relationship between Homogeneity of Analogues and Estimation Reliability |
Abstract | ||
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Analogy-based cost estimation provides a useful and intuitive means to support decision making in software project management. It derives a cost estimate required for completing a project from information about similar past projects, namely the analogues. While on average this method provides a relatively accurate cost estimate there remains a possibility of large estimation errors. In this paper, we empirically tested the hypothesis that "using more homogeneous analogues produces a more reliable cost estimate" using a software engineering data repository established by the Software Engineering Center (SEC), Information-technology Promotion Agency, Japan. This testing showed that low and high homogeneity projects had a large variation in estimation reliability. For instance, the difference was 22.9% (p = 0.021) in terms of percentage to get accurate estimates (better than Median of Magnitude of Relative Error). |
Year | DOI | Venue |
---|---|---|
2007 | 10.1109/ESEM.2007.61 | ESEM |
Keywords | Field | DocType |
estimation reliability,large estimation error,high homogeneity project,accurate estimate,accurate cost,cost estimate reliable,similar past project,software engineering data,large variation,reliable cost estimate,analogy-based cost estimation,software engineering,information technology,costing,software project management,project management,software reliability,cost estimation,relative error | Data mining,Homogeneity (statistics),Systems engineering,Computer science,Cost estimate,Software project management,Information repository,Software quality,Activity-based costing,Reliability engineering,Approximation error,Project management | Conference |
ISSN | ISBN | Citations |
1949-3770 | 0-7695-2886-4 | 5 |
PageRank | References | Authors |
0.42 | 29 | 7 |
Name | Order | Citations | PageRank |
---|---|---|---|
Naoki Ohsugi | 1 | 82 | 5.12 |
Akito Monden | 2 | 591 | 55.03 |
N. Kikuchi | 3 | 79 | 6.84 |
Michael D. Barker | 4 | 5 | 0.42 |
Masateru Tsunoda | 5 | 69 | 16.35 |
Takeshi Kakimoto | 6 | 72 | 5.17 |
Ken-ichi Matsumoto | 7 | 1396 | 131.56 |