Project Management - Estimating duration and Cost

Steps: a. Establish Cost-Estimation Objectives b. Develop a plan for estimation activities. Plan for resources....
Regression: The emphasis is on creating a formula that best represents the scattered data points.....
COCOMO stands for constructive cost model. It is used for software cost estimation and uses regression formula with parameters based on historic data...
Advantages of COCOMO estimating model are: COCOMO is factual and easy to interpret. One can clearly understand how it works......
Disadvantages: a. COCOMO model ignores requirements and all documentation. b. It ignores customer skills, cooperation, knowledge and other parameters.......
SLIM also uses historical data from past projects for estimation. It also uses and considers other project parameters...
Advantages: a. It provides a set of software development management tools that support the entire program lifecycle.......
Disadvantages: a. Works best on large projects. b. The software size needs ot be estimated in advance in order to use this model....
Several roles needed in a software project are: a. Project Managers b. Test Managers.....
The staffing management plan consists of information like team fit, career plans...
A RAM clearly describes what participating roles have been assigned with deliverables/tasks to be completed........