COMPUTER SCIENCE AND ENGINEERING
SOFTWARE ENGINEERING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Software Cost
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Hardware Cost
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Personnel Costs
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All of the above
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Detailed explanation-1: -Depending on the specifics of the venture, this will likely include various overhead costs (utilities, labor, etc.), labor costs (including both time and wages paid), materials and equipment costs, vendor fees (if the project requires third-party workers, freelancers, or other contractors), and more.
Detailed explanation-2: -The three types of cost estimates are design, bid, and control estimates. Design estimates are prepared in the project preliminaries which gives the order of magnitude of the project cost. Bid estimates are used in the tendering phase of the project which details project overheads and other indirect costs.
Detailed explanation-3: -Methods of Cost Estimation in Projects. 1) Expert Judgement Method. 2) Analogous Estimating Method. 3) Parametric Estimating Method.