General Information  
Publish YearJanuary 2014


Whether to continue using traditional cost and benefit analysis methods such as systems and software engineering standards or to use a relatively new family of software development processes known as Agile methods is one of most prevalent questions within the information technology field today. Since each family of methods has its strengths and weaknesses, the question being raised by a growing number of executives and practitioners is: Which family of methods provides the greater business value and return on investment (ROI)? Whereas traditional methods have been in use for many decades, Agile methods are still a new phenomenon and until now, very little literature has existed on how to quantify the business value of Agile methods in economic terms, such as ROI and net present value (NPV). Using cost of quality, total cost of ownership and total life cycle cost parameters, the Business Value of Agile Software Methods offers a comprehensive methodology and introduces the industrys initial top-down parametric models for quantifying the costs and benefits of using Agile methods to create innovative software products. Based on real-world data, it illustrates the first simple-to-use parametric models of Real Options for estimating the business value of Agile methods since the inception of the Nobel prize-winning Black - Scholes formula. Numerous examples on how to estimate the costs, benefits, ROI, NPV and real options of the major types of Agile methods such as Scrum, Extreme Programming and Crystal Methods are also included. In addition, this reference provides the first comprehensive compilation of cost and benefit data on Agile methods from an analysis of hundreds of research studies. The Business Value of Agile Software Methods shatters key myths and misconceptions surrounding the modern-day phenomenon of Agile methods for creating software products. It provides a complete business value comparison between traditional and Agile methods. The keys to maximizing the business value of any method are low costs and high benefits and the business value of Agile methods, when compared to traditional methods, proves to be very impressive. Agile methods are a new model of project management that can be used to improve the success, business value and ROI of high-risk and highly complex IT projects in todays dynamic, turbulent and highly uncertain marketplace.

Key Features:-

  • Presents a thought-provoking history of Agile methods with respect to scientific management, organiz
  • Provides a comprehensive definition, introduction and explanation of Agile software methods
  • Introduces a complete set of metrics, models and measurements for estimating the costs, benefits, RO
  • Serves as a roadmap for linking Agile methods to major industry standards bodies of knowledge, such
  • Identifies the major types and kinds of Agile methods, along with their corresponding best practices
  • Explains the role of Agile methods in software engineering and supporting processes such as document