SyproPlan Accountability
Dipu Ghosh, President, Syprosoft Inc.
Our motto is "We Do What We Promise". How do we accomplish that when so many of our competitors fail?
Part of the answer is our risk averse ●●●RAPID® development process which segments a new product development into three phases - Engineering Unit, Demo Unit and Production Unit. The other part is our data-driven methodology for estimating project costs. There are many ways of estimating the likely cost of a project. Most of these methods involve a decomposition of the project into smaller elements that can be more easily estimated. A common technique is process decomposition. Another technique is the work breakdown structure. Furthermore, it is important to use project risk assessment to quantify inherent risks.
At Syprosoft a combination of these techniques is used for preparing SyproPLAN™ cost estimates. These are calibrated using actual data on projects completed in the past. This technique provides an effort probability distribution that is useful for budgeting. At the idea stage, the distribution may be quite wide. Once the ●●●RAPID® Engineering Unit is completed, the distribution gets much narrower. An example SyproPLAN™ is illustrated below.
Due to our refined ●●●RAPID® engineering and our SyproPLAN™ accountability, we are able to offer our clients transparent pricing with choice of fixed price, cost plus, and hourly rate engagements. For our start-up clients we offer the additional option of paying half of our fees in their stock.