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Keywords:

  • Theory W;
  • adaptive control;
  • benefits realization;
  • control theory;
  • dependency theory;
  • domain theories;
  • game theory;
  • risk/opportunity management;
  • stakeholder win-win;
  • theory of justice;
  • utility theory;
  • value-based software engineering

Abstract

In this article we present a software process framework using the 4 + 1 theory and principles of value-based software engineering (VBSE). The value-based process framework serves as a 6-step process guide, and explains critical interactions between the five theories in the 4 + 1 theory of value-based software engineering. This article also applies the process framework to a supply chain organization through a case study analysis to illustrate its strength in practice. Copyright © 2007 John Wiley & Sons, Ltd.