New CAST Highlight Verifies 75% of IT Budget Tuesday 11 November 2014 PDF Print the fastest way for IT leadership to get a broad measure of software risk for every custom business application across their portfolio Automated code-level portfolio analysis instantly shows a detailed view of application risk, size, complexity, and required software maintenance effort November 11, 2014 — London, UK — Traditional IT planning and budgeting is a difficult process often fueled by subjective input and bias. The lack of visibility into the true complexity of existing applications and systems prevents organizations from transforming IT planning and budgeting into an objective, data-driven initiative. Based on the well-known cost estimation engine COCOMO II, CAST Highlight’s new Software Maintenance Estimation helps IT organizations better allocate resources, control costs, and shift investment to innovation. “Our application portfolio analysis SaaS platform CAST Highlight is the fastest way for IT leadership to get a broad measure of software risk for every custom business application across their portfolio,” says Lev Lesokhin, Executive Vice President at CAST. “This new release arms CIOs with increased visibility so they can make resource allocation decisions based off of empirical software measures, and not impulse and bias.” CIOs and VPs of Application Development will be able to see in an instant which applications may be under- or over-staffed, and compare the actual maintenance effort against an industry estimate. Rather than wasting money on software maintenance, which historically comprises up to 75% of application total cost of ownership (TCO), CIOs can efficiently identify which systems are disproportionately draining their maintenance budget, and get better insight into resourcing requirements to improve planning and budgeting. Generated through an automated code analysis combined with survey data from application owners, CAST Highlight’s Software Maintenance Estimation derives from critical information about each application’s risk, complexity, size and programming languages as well as each development team’s experience, the CMMI level of the organization, the percent of effort spent on maintenance in the last 12 months and other factors. Not only can CIOs get actionable insight for resource planning, they are also equipped with risk heat maps to detail which applications are in most need of developer effort and which deliver the most business value to the organization. Graphs of short-term and long-term application risk can inform resource planning decisions as well as application portfolio rationalization initiatives. To learn more about CAST Highlight, try the demo or visit casthighlight.com About CAST CAST is a pioneer and world leader in software analysis and measurement, with unique technology resulting from $120 million in R&D investment. CAST introduces fact-based transparency into application development and sourcing to transform it into a management discipline. More than 250 companies across all industry sectors and geographies rely on CAST to prevent business disruption while reducing hard IT costs and software risk. CAST is an integral part of software delivery and maintenance at the world's leading IT service providers. Founded in 1990, CAST is listed on NYSE-Euronext (Euronext: CAS) and serves IT intensive enterprises worldwide with offices in North America, Europe and India. For more information about CAST: Web: http://www.castsoftware.com Blog: http://blog.castsoftware.com Twitter: http://www.twitter.com/onquality PR Contact Positive Marketing Benedict Sycamore CAST@positivemarketing.com 0203 637 0647 This press release was distributed by ResponseSource Press Release Wire on behalf of CAST in the following categories: Business & Finance, Manufacturing, Engineering & Energy, Computing & Telecoms, for more information visit http://pressreleasewire.responsesource.com/about.