Developers already know how to make cost estimates, and business stakeholders/marketeers etc know how to make revenue projections. These 'numbers' together are used to calculate the Net Present Value for each MMF at various feasible delivery times.
But, how can these 'numbers' being consider during the calculation? We may need to determine some load factors, however, how can we obtain such figures?
IFM is an iterative approach. You make your cost and revenue projections to the best of your current knowledge. Based on that information you can identify what you think will be the optimal delivery sequence. You then start work on developing the first element(s), but prior to the next iteration you revisit any risks, costs, and revenue projections to see if anything has changed. If it has, you simply update your projections, reapply the IFM heuristics and make any necessary scheduling adjustments.
What kind of heuristics are used in IFM? Does you book cover this issues?
Nick
[ April 27, 2004: Message edited by: Nicholas Cheung ]
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