Advantages of COCOMO estimating model - Project management (PMP)

Advantages of COCOMO estimating model.

Advantages of COCOMO estimating model are:

- COCOMO is factual and easy to interpret. One can clearly understand how it works.
- Accounts for various factors that affect cost of the project.
- Works on historical data and hence is more predictable and accurate.
- The drivers are very helpful to understand the impact on the different factors that affect the project costs.
Disadvantages of COCOMO estimating model - Project management (PMP)
Disadvantages: a. COCOMO model ignores requirements and all documentation. b. It ignores customer skills, cooperation, knowledge and other parameters.......
SLIM estimating model - Project management (PMP)
SLIM also uses historical data from past projects for estimation. It also uses and considers other project parameters...
Advantages of SLIM estimating model - Project management (PMP)
Advantages: a. It provides a set of software development management tools that support the entire program lifecycle.......
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