Assignment 1

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University of Arkansas, Fort Smith *

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5443

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Business

Date

Jun 21, 2024

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pdf

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2

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INEG 5433 Homework Assignment: 1 Course Objective Alignment Objective 4.c: Demonstrate the use of various methodologies for the cost estimation of complex projects, which includes: Basic data analysis Objective 5: Communicate the results and analysis of a life-cycle-cost model 1. You run a simulation of project completion time as shown in the figure below. Your company bid this contract on completing the contract within 185 days. What is the probability of completing this project in less than 185 days? Show your work. 2. You are a new member of your company’s project management office. You were given the data for the 2 project portfolios below. Write a short paragraph that uses the appropriate descriptive statistics to describe each project portfolio to your supervisor. Portfolio 1 Portfolio 2 $ 6,026,455.00 $ 8,780,510.00 $ 3,489,269.00 $ 8,954,696.00 $ 1,971,498.00 $ 5,339,542.00 $ 114,219.00 $ 7,122,627.00 $ 5,824,180.00 $ 4,658,753.00 $ 5,374,310.00 $ 8,286,018.00 $ 3,704,860.00 $ 4,283,877.00 $ 7,723,712.00 $ 7,931,448.00 $ 1,731,049.00 $ 6,237,899.00 $ 6,106,000.00 $ 2,313,664.00 $ 1,065,687.00 $ 3,164,743.00 $ 6,661,996.00 $ 6,294,080.00 $ 5,562,652.00 $ 54,868.00 $ 1,504,657.00 $ 1,311,345.00 $ 1,741,834.00 $ 4,399,521.00
Portfolio 1 Portfolio 2 $ 7,635,610.00 $ 9,980,889.00 $ 8,139,324.00 $ 6,874,817.00 $ 1,995,830.00 $ 1,684,660.00 $ 706,256.00 $ 5,655,873.00 $ 1,364,118.00 $ 8,790,193.00 3. You were recently hired to consult on a software development project. In the data collection stage, you collect the following data as a function of thousands of lines of code (KLOC). KLOC Staff-Months 7 80 13 106 56 581 100 682 115 854 220 939 a. Use linear regression to estimate the number of Staff-Months required to develop 70 KLOC. Write a short paragraph that describes your regression results. b. Develop an appropriate figure of your regression model to provide to your team.
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