Created by Lawrence Putnam, Sr. the Putnam model describes the time and effort required to finish a software project of specified size. SLIM (Software LIfecycle Management) is the name given by Putnam to the proprietary suite of tools his company QSM, Inc. has developed based on his model. It is one of the earliest of these types of models developed, and is among the most widely used. Closely related models are Constructive Cost Model (COCOMO), Parametric Review of Information for Costing and Evaluation – Software (PRICE-S), and Software Evaluation and Estimation of Resources – Software Estimating Model (SEER-SEM).
Putnam used his observations about productivity levels to derive the software equation:
In practical use, when making an estimate for a software task the software equation is solved for effort:
An estimated software size at project completion and organizational process productivity is used. Plotting effort as a function of time yields the Time-Effort Curve. The points along the curve represent the estimated total effort to complete the project at some time. One of the distinguishing features of the Putnam model is that total effort decreases as the time to complete the project is extended. This is normally represented in other parametric models with a schedule relaxation parameter.
This estimating method is fairly sensitive to uncertainty in both size and process productivity. Putnam advocates obtaining process productivity by calibration:
Putnam makes a sharp distinction between 'conventional productivity' : size / effort and process productivity (Five Core Metrics, pg 97).
One of the key advantages to this model is the simplicity with which it is calibrated. Most software organizations, regardless of maturity level can easily collect size, effort and duration (time) for past projects. Process Productivity, being exponential in nature is typically converted to a linear productivity index an organization can use to track their own changes in productivity and apply in future effort estimates.