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CS605 - Software Engineering II - Lecture Handout 35

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Change Control Process

The first component of the change control process is the Change Control Authority (CCA) or a Change Control Board (CCB). A CCA or CCB includes people from both developer and client side.

Whenever a change is required, the CCB decides whether to allow this change to happen or deny it. If it is decided that a change is needed, an Engineering Change Order or ECO is generated. An ECO defines the change to be made, the constraints that must be respected, and the criteria for review and audit. The change control process thus involves the following steps.

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MGT602 - Entrepreneurship - Lecture Handout 36

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A final source of funds is private placement with investors who may be family and friends or wealthy individuals.

Type of Investors

  1. An investor usually takes an equity position and can influence the nature of the business to an extent.
  2. The investors’ degree of involvement is important for the entrepreneur to consider.
  3. Some investors want to be actively involved in the business, and others are more passive.

Private Offerings

  1. Public offerings involve much time and expense.
  2. Registering the securities with the Securities and Exchange Commission (SEC) requires a number of reporting procedures once the firm has gone public.
  3. This public process was established to protect unsophisticated investors.
  4. A private offering is faster and less costly than other funding.
  5. These sophisticated investors still need access to material information about the company.

  6. Read more: MGT602 - Entrepreneurship - Lecture Handout 36

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