3. What are the three types of costs discussed in the text? Define them. 4. For a small project requiring 120 hours at $50/hr and having a direct overhead rate of 40%, calculate the direct cost (Exercise 1 in Chapter 5). To that add indirect c
1. Top-down versus bottom-up estimates. pts.
a. Describe the methods and uses of each of the approaches.
2.
3. What are the three types of costs discussed in the text? Define them.
4. For a small project requiring 120 hours at $50/hr and having a direct
-
- What are the estimated costs for:
- Design
- Programming
- In-house testing
- Which “approach to estimating” is this?
- What weaknesses are inherent in this approach?
- What are the estimated costs for:
5. Take another look at Exercise #5. Use Exercise Figure 5.1 on page 160. But now you are asked to do a bottom-up estimate based on the following data and compare it with the top-down estimate of $800,000. If confronted with these two estimates, what, if any, actions would you take?
|
Deliverables |
Estimated Hours |
Rate: $/hr |
|
Objectives |
370 |
$75.00 |
|
Requirements |
650 |
$75.00 |
|
In-House Testing |
9,230 |
$35.00 |
|
Customer Testing & Review |
2,560 |
$35.00 |
|
Inputs |
420 |
$65.00 |
|
Outputs |
470 |
$65.00 |
|
Files |
300 |
$65.00 |
|
Interfaces |
1,250 |
$60.00 |
|
Programming |
2,550 |
$80.00 |
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