Cost Benefit Analysis Method (CBAM)
• Fact Sheet
Publisher
Software Engineering Institute
Topic or Tag
Abstract
Creating and maintaining systems involve making multiple business-critical architecture design decisions. System architects typically focus on the technical tradeoffs of their architectural designs. However, when developing or maintaining large, complex systems, the biggest tradeoffs are related to economics.
Organizations need to know how to invest their resources to maximize their gains, meet their schedules, and minimize their risks. And that is exactly what the CBAM enables you to do.
Because the resources for building and maintaining a system are finite, you must choose among architectural options with different costs, amounts and types of resources, features, and inherent risk or uncertainty. The CBAM enables you to explore the effects of these options using economic software models that account for all of these factors.