Using a software development life cycle approach, do we apply project management principles to software development? Elaborate on your answer
What will be an ideal response?
SDLC methodologies view software development primarily as a project management process rather than a technical one. A project is an undertaking that starts with a concept and ends with achieving a goal or a set of goals. SDLC methodologies focus on software development as a business project, most aspects of which are independent of coding or technology. The term "life" indicates a beginning and an end. "Cycle" means that the process, in part or in whole, can be repeated.
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Which of the following statements is true?
A) The finance manager uses the framework of the income statement to find the operating income of the company (an accounting measure), which is also the true cash flow from operations. B) In accrual-based accounting, revenue is recorded at the time of sale if the revenue has been received in cash. C) Three fundamental issues separate net income and cash flow: accrual-based accounting, noncash expense items, and interest expense. D) Generally accepted accounting principles (GAAP) in the United States do not allow the use of accrual-based accounting to record revenue.
A comprehensive nonfinancial size-up is:
A) a critical component in analyzing the firm's strengths and weaknesses. B) critical in understanding the firm's historical position. C) critical in anticipating future financing needs. D) All of the above.