On using Net Options Value as a value based design framework

We present our experiences using Net Options Value (NOV) as a framework for evaluating options in software design. We start with a brief introduction of the NOV model, provide summaries of analyses - where and how NOV has been applied, and list some of the open issues based on the early works in this area. In particular we present our approach to understand an important parameter of the NOV called the 'technical potential' of a module and outline our further research directions in using NOV.