blog




  • Essay / Software Cost Estimate

    Software Cost Estimate measures the future effort required to implement the project. Software estimation is one of the difficult tasks of the project manager. Estimates include software size estimate, man-month effort estimate, and project cost estimate. There are many estimation techniques available, such as source code lines, function points, use case points, object points, and feature points. There are also cost estimation techniques such as the constructive cost model (COCOMO), which is a model-based approach. Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get an Original Essay Nowadays, resources such as time, money and programmers to project software are limited. The project manager is under pressure to deliver the project on time and on budget. Funds are therefore limited; the project manager must execute the project with appropriate plans in place. Therefore, he must know how much time and money should be spent on each activity and how many resources should be allocated to each activity, based on the efforts required. Every project involves a cost, a rough estimate and judgment of the cost for a particular project is called cost estimation. The cost of a particular project involves many variables and can never be constant and therefore cannot be accurately calculated for a project. Anything involving human effort is not approximate because humans are not that predictable. Any type of software development project involves several functions whose complexity is difficult to judge due to the complexity of software systems. Effort is the measure of software cost estimation for software development. Effort is the total time a person needs to work over a given period. It is important that the specific characteristics of programming processes and tools be considered when comparing the efforts of any project, as no two programming processes and tools are the same. Different elements and variables are used for cost estimation, such as factors related to manufacturing, development, etc. Any project requires planning and budgeting, which is influenced by cost estimation. Estimating costs at the start of any project helps determine what features a project may have. Important features are included in the product by prioritizing the requirements. When the most important features are added early on, the risk is reduced because as the complexity of the project increases, so do the chances of errors. Therefore, cost estimation can have a significant impact on the life cycle and schedule of a project. The risk of a project is reduced when the most important features are included early, because the complexity of a project increases with its size, meaning there is more chance of errors as the development progresses. Thus, cost estimation can have a significant impact on the life cycle and schedule of a project. Resource allocation depends on cost estimation. A company needs to allocate better resources to expensive projects. Labor load is the measure of management and engineering personnel assigned to a project for a given period of time. It's bad if the less expensive project fails, but it's worse if the expensive project fails. With estimation, some resources can be exchanged with others while still keeping.