Hi, I would use tools such as expert judgment, analogous, parametric, bottom-up, three-point estimate (PERT), among others. These consider factors such as * cost of labor (analysts, designers, programmers, testers, project management, product management, etc), * cost of materials or developing your deliverable (codes, components, API, PC, etc), work packages, etc * opportunity costs (in make-or-buy decisions) * cost of quality * cost of risks and/or opportunities (reserve analysis) * cost of software life cycle (including maintenance cost) * vendor bid analysis - you may ask some people to quote for you. * list is endless, but I would take the above as important. hope this is useful. On Thu, Mar 17, 2011 at 12:09 PM, julianne anyim <julianneanyim@gmail.com>wrote:
So you got hired by a company to develop a software application for them. How would you come up with the cost? What factors would you consider?
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