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Workshop: Component-Based Software Development: Is It the Next Silver Bullet?

Rapid changes in business needs and requirements have created a fast growing demand for large-scale, complex, and highly maintainable software systems. This has introduced a major challenge for software community, and motivated the search for a new, efficient, and cost-effective software development paradigm. Component-based software development approach has been identified as the most promising solution. This new approach focuses on building component-based software systems by selecting from offthe-shelf software components and assembling the set of selected components within an appropriate software architecture. Component-based software development approach is based on the idea that there are so many similar components in different software systems that new systems can be built more rapidly and economically by assembling components rather than implementing each system from scratch. By promoting the use of components developed by commercial software vendors or in-house developers, component-based software development approach delivers the promise of software reuse. Consequently, component-based software development has a great potential for reducing development time and cost.