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Q. Exercise Figure 5.1 is a project WBS with cost apportioned by percentages. If the total project cost is estimated to be $600,000, what are the estimated costs for the following deliverables? a. Design b. programming c. In-house testing What weaknesses are inherent in this estimating approach? (Check the image) WBS figure.

Q. Exercise Figure 5.1 is a project WBS with cost apportioned by percentages. If the total project cost is estimated to be $600,000, what are the estimated costs for the following deliverables? a. Design b. programming c. In-house testing What weaknesses are inherent in this estimating approach? (Check the image) WBS figure.

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Q. Exercise Figure 5.1 is a project WBS with cost apportioned by percentages. If the total project cost is estimated to be $600,000, what are the estimated costs for the following deliverables?

a. Design

b. programming

c. In-house testing

What weaknesses are inherent in this estimating approach? (Check the image) WBS figure. 

 

Objectives 4% Inputs 3% Definition 10% Router systems project Cost: $600,000 Requirements 6% Outputs 3% Design 40% Files 4% Implementation 50% In-house testing 40% Interfaces 10% Customer testing & review 10% Programming 20%
Transcribed Image Text:Objectives 4% Inputs 3% Definition 10% Router systems project Cost: $600,000 Requirements 6% Outputs 3% Design 40% Files 4% Implementation 50% In-house testing 40% Interfaces 10% Customer testing & review 10% Programming 20%
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