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ONTOCOM: A Reliable Cost Estimation Method for Ontology Development Projects

48 Pages Posted: 7 Jul 2018 Publication Status: Accepted

See all articles by Elena Simperl

Elena Simperl

University of Southampton - School of Electronics and Computer Science (ECS)

Tobias Burger

Salzburg Research Institute

Simon Hangl

University of Innsbruck - Semantic Technology Institute (STI) Innsbruck

Stephan Wörgl

University of Innsbruck - Semantic Technology Institute (STI) Innsbruck

Igor Popov

University of Southampton

Abstract

We present ONTOCOM, a method to estimate the costs of ontology engineering, as well as project management tools that support the application of the method. ONTOCOM is part of a broader framework we have developed over the five years, whose aim is to assess the business value of semantic technologies through a suite of methods, estimation models and project management tools, by which the costs and benefits of the corresponding projects are defined, measured and analyzed. The framework supports the engineering of different types of knowledge structures, including ontologies, taxonomies and folksonomies, and of information management systems leveraging such knowledge structures. It also includes benefit analysis models whose results can be used in conjunction with cost-related information in order to identify potential cost savings and to assess the feasibility of specific engineering strategies, in particular ontology reuse. The application of the methods proposed in the framework is supported by project management tools which can be used to customize these methods to a given project environment, to eval data, and to take into account their results for planning and controlling purposes.

Keywords: Ontology Engineering, Ontology Economics, Cost Estimation, Planning and Controlling

Suggested Citation

Simperl, Elena and Burger, Tobias and Hangl, Simon and Wörgl, Stephan and Popov, Igor, ONTOCOM: A Reliable Cost Estimation Method for Ontology Development Projects (February 6, 2012). Journal of Web Semantics First Look 16_5_2, Available at SSRN: https://ssrn.com/abstract=3198977 or http://dx.doi.org/10.2139/ssrn.3198977

Elena Simperl (Contact Author)

University of Southampton - School of Electronics and Computer Science (ECS) ( email )

University Road
Southampton
United Kingdom

Tobias Burger

Salzburg Research Institute ( email )

Salzburg
Austria

Simon Hangl

University of Innsbruck - Semantic Technology Institute (STI) Innsbruck ( email )

Innsbruck,
Austria

Stephan Wörgl

University of Innsbruck - Semantic Technology Institute (STI) Innsbruck ( email )

Innsbruck,
Austria

Igor Popov

University of Southampton ( email )

University Rd.
Southampton SO17 1BJ, Hampshire SO17 1LP
United Kingdom

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