Optimism in Cost Estimation

Ricardo Valerdi

doi:10.1201/b11884-13

Optimism in Cost Estimation

Ricardo Valerdi

Research output: Chapter in Book/Report/Conference proceeding › Chapter

Abstract

Biases continue to be an important aspect of software cost estimation because they often occur subconsciously and can frequently lead to unfavorable outcomes. Optimism bias is one type of cognitive illusion that is often overlooked because of its association with good health and positive outcomes. However, the existence of optimism bias in cost estimation can be very damaging especially when it distorts a person’s ability to forecast events.

Original language	English (US)
Title of host publication	The IFPUG Guide to IT and Software Measurement
Publisher	CRC Press
Pages	177-193
Number of pages	17
ISBN (Electronic)	9781439869345
ISBN (Print)	9780429065712
DOIs	https://doi.org/10.1201/b11884-13
State	Published - Jan 1 2012
Externally published	Yes

ASJC Scopus subject areas

General Economics, Econometrics and Finance
General Business, Management and Accounting
General Computer Science
General Engineering

Access to Document

10.1201/b11884-13

Cite this

@inbook{96617b1d63e2445d9870e26b89d6b269,

title = "Optimism in Cost Estimation",

abstract = "Biases continue to be an important aspect of software cost estimation because they often occur subconsciously and can frequently lead to unfavorable outcomes. Optimism bias is one type of cognitive illusion that is often overlooked because of its association with good health and positive outcomes. However, the existence of optimism bias in cost estimation can be very damaging especially when it distorts a person{\textquoteright}s ability to forecast events.",

author = "Ricardo Valerdi",

note = "Publisher Copyright: {\textcopyright} 2012 by Taylor \& Francis Group, LLC.",

year = "2012",

month = jan,

day = "1",

doi = "10.1201/b11884-13",

language = "English (US)",

isbn = "9780429065712",

pages = "177--193",

booktitle = "The IFPUG Guide to IT and Software Measurement",

publisher = "CRC Press",

}

TY - CHAP

T1 - Optimism in Cost Estimation

AU - Valerdi, Ricardo

PY - 2012/1/1

Y1 - 2012/1/1

N2 - Biases continue to be an important aspect of software cost estimation because they often occur subconsciously and can frequently lead to unfavorable outcomes. Optimism bias is one type of cognitive illusion that is often overlooked because of its association with good health and positive outcomes. However, the existence of optimism bias in cost estimation can be very damaging especially when it distorts a person’s ability to forecast events.

AB - Biases continue to be an important aspect of software cost estimation because they often occur subconsciously and can frequently lead to unfavorable outcomes. Optimism bias is one type of cognitive illusion that is often overlooked because of its association with good health and positive outcomes. However, the existence of optimism bias in cost estimation can be very damaging especially when it distorts a person’s ability to forecast events.

UR - https://www.scopus.com/pages/publications/105027613638

UR - https://www.scopus.com/pages/publications/105027613638#tab=citedBy

U2 - 10.1201/b11884-13

DO - 10.1201/b11884-13

M3 - Chapter

AN - SCOPUS:105027613638

SN - 9780429065712

SP - 177

EP - 193

BT - The IFPUG Guide to IT and Software Measurement

PB - CRC Press

ER -

Optimism in Cost Estimation

Abstract

ASJC Scopus subject areas

Access to Document

Other files and links

Fingerprint

Cite this