RE: Waterfall and Dr. Winston Royce

According to http://woodrow.mpls.frb.fed.us/research/data/us/calc/

$5 million in 1970 is $23M today
and
Ken should be making $55,515 a year.

--Mike

-----Original Message-----
From: Ken Schwaber [mailto:ken.schwaber@xxxxxxxxxxx] 
Sent: Thursday, December 12, 2002 3:18 PM
To: scrumdevelopment@xxxxxxxxxxxxxxx
Subject: RE: [scrumdevelopment] Waterfall and Dr. Winston Royce

Let's see. In 1970 I was being paid $12,000 a year by the University of
Chicago. At the same markup (factor of 30), I should be making $360,000
per
year. Who wants to contribute to the cause??
Ken

-----Original Message-----
From: David J. Anderson [mailto:netherby_uk@xxxxxxxxxxx]
Sent: Thursday, December 12, 2002 5:12 PM
To: scrumdevelopment@xxxxxxxxxxxxxxx
Subject: Re: [scrumdevelopment] Waterfall and Dr. Winston Royce


What would $5MM be in today's money? My guess is
around $150MM.

I'd say a 1000 page specification for a $150MM project
would be decidedly agile.

David
--
David Anderson
http://www.uidesign.net/
The Webzine for Interaction Designers

--- "Ken Schwaber <ken.schwaber@xxxxxxxxxxx>"
<ken.schwaber@xxxxxxxxxxx> wrote:

Documentation - Dr. Royce, "My own view is quite a
lot...the first
rule of managing software development is ruthless
enforcement of
documentation requirements ... Management of software
is simply
impossible without a very high degree of
documentation." Dr. Royce
indicates that a 1000 page spec document is
appropriate for a $5m
project, mostly because "a verbal record is too
intangible."



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