May 31, 2012

A cost model for software in capital projects

A growing number of capital projects, like a motorway tunnel or a specialised MRI scanner, needs software to make it a useful investment. To determine the investments in time, money and resources a number of key cost-drivers is essential:
  • Delivery schedule
  • Productivity
  • Size of the software
  • Required resource effort
  • Quality
Each of these key cost-drivers has its own merits that should be taken into account to make the right decisions on how to integrate software in capital projects.