He is Senior Research Scholar and Executive Director of the South Asia Program at the Asia-Pacific Research Center at Stanford University. He worked previously for the Robert Fleming Investment Banking Group, first as CEO of its India operations and later as head of its San Francisco operations. He has also been the chairman and CEO of a stockbroking firm on the OTCEI exchange in India, the deputy editor of Business India Weekly , and a professor of finance at Pennsylvania State University. He is the author of Telecommunications Reform in India and Prospects for Peace in South Asia .
Ironically up-front estimates are often motivated by the desire of organizations to reduce their financial risk on IT project yet in practice this decision not only has the opposite effect it also motivates you to increase your technical risk too. My experience is that when business people are educated on the impact of this strategy, and when they’re given other viable strategies for planning and governing IT projects, they soon choose to abandon up-front estimating. I highly suggest getting senior IT management and senior business management to sit down and talk with each other about this critical issue.