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
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.
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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