SOFTWARE COSTING ANALYSIS MODEL FOR EVALUATING VALUE FOR MONEY

ABSTRACT. Key procurement challenges include the definition of value and the identification of Value for Money principles. In the case of software development, the failure of contemporary systems of costing and project management to create reliable, replicable cost estimation that links to the requirements of project planners and managers represents a significant deficiency in procurement theory and practice. This paper explores the covert problems of software development procurement and its multi-disciplinary facets to arrive at a theoretical structure and methodology for estimating costs and value within unique software development procurement proposals. The methodology aims to provide a conceptual link between competing professional disciplines within a multi-disciplinary evaluation model