Estimation of the business value of software modernizations
ELTIS is a research project aiming at supporting the process of selecting software modernization strategies and estimating the business value of modernizations. The project is funded by TEKES (National Technology Agency of Finland) and Finnish software industry. Modernizations are large-scale changes of information systems which are performed in order to keep it operational and competitive. Determination of the business value of software and its modernizations is an important but difficult problem. Both software suppliers and their user organizations enter decision making processes while considering possible modernizations. Decisions are typically made by groups of experts in a complex organizational setting. Relevant decision criteria of the software supplier include software maintenance benefits, risks, and costs. These issues include the effects of possible related reengineering and other factors. This position paper shortly describes our project, work done so far, and our research agenda: we aim at empirical data gathering and long-term iterative process improvement in co-operation with software industry.