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Journal of Emerging Trends in Computing and Information Sciences >> Call for Papers Vol. 8 No. 3, March 2017

Journal of Emerging Trends in Computing and Information Sciences

Accuracy of Estimating Project Costs and Benefits: An Overview of Research in Information Systems

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Author Alexei Botchkarev
ISSN 2079-8407
On Pages 290-298
Volume No. 6
Issue No. 6
Issue Date July 1, 2015
Publishing Date July 1, 2015
Keywords Evaluation, costs, benefits, accuracy, estimation error, uncertainty, information system, effort estimation, cost estimation, benefit estimation


Abstract

Estimating information systems project costs and benefits is a challenging endeavor and is notoriously prone to uncertainties and errors. The purpose of this study is to review research publications on quantitative estimating accuracy of costs and benefits (financial returns). The importance of the problem is due to the wide use of cost and benefits evaluations in making critical business decisions. The study reveals existing quantitative levels of estimating costs and benefits accuracy in the context of the information systems implementations.
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