Predicting project cost and schedule: the path to improvement
Conclusion: Many organisations in Australia struggle with accurate prediction of project cost and schedule. There are two steps that organisations can make to address this: the first is reuse of well-defined solution building blocks – the second is repeatable construction of solutions using those building blocks.
Architecture and estimation are closely related functions. Therefore CIOs who struggle with projects that run over-time or over-budget should look to enterprise and solution architecture methods to increase the degree of reuse and repeatability when defining ICT-enabled solutions. This leads to improved accuracy in cost and schedule estimates.