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Cost estimation in software engineering is typically concerned with the financial spend on the effort to develop and test the software, this can also include requirements review, maintenance, training, managing and buying extra equipment, servers and software. Many methods have been developed for estimating software costs for a given project.
A cost estimate is the approximation of the cost of a ... Software development cost; ... for example, a project estimate was $1,252,000 for a specific scope and ...
A pivot table in BOEMax, a Basis of Estimate software package. To create a BOE companies, throughout the past few decades, have used spreadsheet programs and skilled cost analysts to enter thousands of lines of data and create complex algorithms to calculate the costs. These positions require a high level of skill to ensure accuracy and ...
These projects were based on the waterfall model of software development which was the prevalent software development process in 1981. References to this model typically call it COCOMO 81 . In 1995 COCOMO II was developed and finally published in 2000 in the book Software Cost Estimation with COCOMO II . [ 3 ]
There are many ways of categorizing estimation approaches, see for example. [12] [13] The top level categories are the following: Expert estimation: The quantification step, i.e., the step where the estimate is produced based on judgmental processes. [14]
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