ADAPTING SYSTEMS ENGINEERING TO EVALUATE TECH STARTUPS: AN INNOVATIVE FRAMEWORK BASED ON OMG ESSENCE

Аннотация

INTRODUCTION traditional methods. Standard approaches to In the context of the rapid growth of technology evaluating startups, which often focus on financial startups, investors and mentors face a significant and business indicators, are not always capable of challenge in objectively evaluating such projects. reflecting the technical aspects of a project, such as Technology startups are characterized by high architectural decisions, the degree of technological uncertainty, complex structures, and a fast pace of innovation, and the team's competencies. These change, which makes their analysis difficult using https://www.theamericanjournals.com/index.php/tajet 54 THE USA JOURNALS THE AMERICAN JOURNAL OF ENGINEERING AND TECHNOLOGY (ISSN – 2689-0984) VOLUME 06 ISSUE11 elements play a key role in the future success of the approved by the International Object Management project but remain outside the scope of classical Group (OMG) to formalize methods and practices. evaluation methods. The Flow System has also integrated this standard. Essence allows the structuring of practices and Currently, there are several commonly used related information in an accessible and visual methods for evaluating startups, such as the form. This ensures their easy transfer, Business Canvas model, product life cycle analysis understanding, and further adaptation, either techniques, evaluation tables, and success metrics. independently or in combination with other However, these approaches often do not take into methodologies. In turn, the Flow System applies an account all the technical risks and specificities of extended version of the OMG standard, covering all startups, limiting themselves to a superficial aspects of complex system management [1]. analysis. Moreover, many of them are poorly suited to the dynamic conditions of technology project Samar Batool Shirazi S. and Saud Khan M., in their development, leading to an incomplete picture of article "State of Research Based on Essence," note the startup’s status and reducing the accuracy of that the OMG Essence standard (Kernel and forecasting its success. In such situations, there is Language for Software Engineering Methods) was an increasing need for a more systematic and developed as part of the SEMAT initiative and structured approach that can consider all aspects published in November 2014. It consists of two key of the product life cycle and provide a detailed components: a language designed to describe technical analysis. software engineering methods and a kernel, representing a set of entities reflecting The development of a new evaluation method methodological approaches in this field. based on systems engineering principles allows for consideration of the technological characteristics As for the language component, Essence of startups and a more accurate assessment of represents a new stage in the development of their prospects. Systems engineering, by situational method engineering standards, integrating various disciplines and focusing on significantly differing from its predecessors, such comprehensive project management, offers a as OMG SPEM 2.0 and ISO 24744. The main universal tool for evaluation, covering both innovation lies in a fundamental simplification: the technical and organizational aspects. The OMG language has become less academic, the notation Essence standard, developed to formalize has been simplified, and the methods of processes and improve interaction among project application have been reduced to practical tools, participants, provides a convenient platform for such as visualization through cards. However, this creating such a framework. It allows the "simplicity" may be perceived as excessive in some structuring of key project elements and the aspects. For example, instead of the usual terms tracking of their evolution at each stage of the life "ontology" or "meta-model," Essence uses the cycle. expression "common ground" [2]. The goal is to develop an innovative framework for The life cycle of a standard project, as described in evaluating technology startups based on systems OMG Essence, is represented through the engineering and the OMG Essence standard. integrated interaction of all key alphas. The transition between alpha stages is facilitated by METHODS checklists provided in the standard for the initial Widyani Y. notes that the Essence standard was stage. Subsequently, the project method can be https://www.theamericanjournals.com/index.php/tajet 55 THE USA JOURNALS THE AMERICAN JOURNAL OF ENGINEERING AND TECHNOLOGY (ISSN – 2689-0984) VOLUME 06 ISSUE11 customized to specific conditions, offering broad applied Essence in his course at MIPT, replacing opportunities for customization. In cases where previous standards with it [4]. standard checklists do not fully reflect the specific Essence provides for five standard levels of tasks of the project, new items can be added, or competence: their placement between project phases can be - Basi