How Do Real Options Concepts Fit in Agile Requirements Engineering?

Zornitza Racheva, Maia Daneva

    Research output: Chapter in Book/Report/Conference proceedingConference contributionAcademicpeer-review

    4 Citations (Scopus)
    428 Downloads (Pure)

    Abstract

    Agile requirements engineering is driven by creating business value for the client and heavily involves the client in decision-making under uncertainty. Real option thinking seems to be suitable in supporting the client’s decision making process at inter-iteration time. This paper investigates the fit between real option thinking and agile requirements engineering. We first look into previously published experiences in the agile software engineering literature to identify (i) ‘experience clusters’ suggesting the ways in which real option concepts fit into the agile requirements process and (ii) ‘experience gaps’ and under-researched agile requirements decision-making topics which require further empirical studies. Furthermore, we conducted a cross-case study in eight agile development organizations and interviewed 11 practitioners about their decision-making process. The results suggest that options are almost always identified, reasoned about and acted upon. They are not expressed in quantitative terms, however, they are instead explicitly or implicitly taken into account during the decision-making process at interiteration time.
    Original languageEnglish
    Title of host publicationEighth ACIS International Conference on Software Engineering Research, Management and Applications, SERA 2010
    Place of PublicationPiscataway, NJ
    PublisherIEEE Computer Society
    Pages231-238
    Number of pages8
    ISBN (Electronic)978-1-4244-7337-3
    ISBN (Print)978-0-7695-4075-7
    DOIs
    Publication statusPublished - May 2010
    Event8th ACIS International Conference on Software Engineering Research, Management and Applications, SERA 2010 - Montreal, Canada
    Duration: 24 May 201026 May 2010
    Conference number: 8
    http://users.encs.concordia.ca/~sera2010/

    Conference

    Conference8th ACIS International Conference on Software Engineering Research, Management and Applications, SERA 2010
    Abbreviated titleSERA
    CountryCanada
    CityMontreal
    Period24/05/1026/05/10
    Internet address

    Keywords

    • SCS-Services
    • Agile software development
    • Business value
    • Requirements prioritization
    • Real options
    • Decision-making process
    • Case study

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