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price of data mining projects

    Question

  • hi
    I want some information about pricing on data mining projects.
    if anyone have experience about this issue,please help.
    thanks.
    Wednesday, August 05, 2009 7:59 AM

Answers

  • because we are new in working on projects like this,we dont have sufficient experience to calculate the resources and then pricing the project.

    I would suggest going to a bookstore/library and looking at a few project management books. What you are asking is really a general project management question. Start with the chapters that go over work breakdown structures (WBS for short) and skip all the chapters on relationship and expectations management until later.   

    There are tons of books on project management. Since most P.M. jobs are in ether IT or Constuction, you shouldn't have trouble finding one that has IT exmples that you can relate to. 
    Monday, August 10, 2009 3:10 PM

All replies


  • What type of pricing do you mean?

    A data mining project is not really any different to other projects.  There are things/resources you need and they will cost you just as they will in any project

    Examples

    It may be you have to buy tools (SPSS, SAS) or use SQL Server Data Mining (Hopefully the latter)

    You will want to prepare your data, something I believe is extremely important and often overlooked in favour of pretty pictures.  Garbage In == Garbage out.

    You will need to work with the users to interpret the results of your models.  Model outputs in the hands of people who know the domain is like gold dust.

    Not sure that helps much but I am not sure that a DM project is special in terms of pricing compared to say a DW project. 


    Allan
    Wednesday, August 05, 2009 4:13 PM
  • hi Allan.
    thanks for your reply.
    because we are new in working on projects like this,we dont have sufficient experience to calculate the resources and then pricing the project.
    I think, if you define a simple project (whatever you like) and then calculate the cost of that project with real numbers,it will be very usefull for me and others like me.

    thanks alot.
    Sunday, August 09, 2009 10:31 AM
  • Hi

    So the problem is this.  Pricing is not linear, so I could not tell you it will cost £X and then you extrapolate it out.  Everybody will give you a different figure for how much it will cost you.  Some prices will seem high and some cheap.  Without knowing what you have currently and where you want to go nobody is going to be able to give you a number that means anything at all believe me.  It may be that even if someone has all the skills necessary to do what you want, your budget may be such that you can't afford it anyway.

    I have worked on a great number of BI projects but doubt if I have ever charged the same amount twice.  Things are different on every project.

    Have a look at this model Crisp DM

    Also pay attention to a guy called Dorian Pyle and one of his quotes I always think of "It is no use looking for an answer unless
    there is a question"

    You must also work very closely with the business users of the data.  What looks strange to you may make perfect sense to them.  Also, I have often found that the most brilliant model is not always the best model.  If it cannot be used by the people who are meant to use it due to complexity then you may as well have no model at all (IMHO)

    In short then I doubt anyone can give you a number without knowing a whole load more about what it is you want to do and what you have to do it with.

    Sorry if that is not quite what you wanted but I think it is probably the only answer I can give.

    Allan
    Monday, August 10, 2009 9:29 AM
  • hi Allan
    thanks for your reply.
    I think,you are right.
    if you dont know any thing about our plans,you dont have any idea about pricing our models.
    but I want to ask you defining a project yourself(whatever you like) plz and describe the way of pricing that.
    I ask you this ,because if you define the project,you know what you want to do in this project.
    I  am insistent on this,because I want to produce a business plan and I want to have some information about pricing.
    thanks alot.
    Monday, August 10, 2009 10:07 AM
  • because we are new in working on projects like this,we dont have sufficient experience to calculate the resources and then pricing the project.

    I would suggest going to a bookstore/library and looking at a few project management books. What you are asking is really a general project management question. Start with the chapters that go over work breakdown structures (WBS for short) and skip all the chapters on relationship and expectations management until later.   

    There are tons of books on project management. Since most P.M. jobs are in ether IT or Constuction, you shouldn't have trouble finding one that has IT exmples that you can relate to. 
    Monday, August 10, 2009 3:10 PM
  • hi McLovin
    thanks for your suggestion.
    Tuesday, August 11, 2009 10:41 AM
  • Also pay attention to a guy called
    Andrew Hall
    Guennadi Vanine -- Gennady Vanin -- Геннадий Ванин
    Monday, August 17, 2009 1:47 PM