Answered: what are the popular cost estimation…

Database System Concepts

7th Edition

ISBN:9780078022159

Author:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan

Publisher:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan

Chapter1: Introduction

Section: Chapter Questions

Problem 1PE

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what are the popular cost estimation techniques used for software cost estimation

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Step 1

Software cost estimation:

Software cost estimation is a method or process that can help IT professionals in computing the total and actual cost that will be required for their software.

Software cost estimation is also typically used by system analysts to obtain an approximation of the needed resources by a specific software project or software.

Software cost estimation is considered as one of the challenging and complex activities for the software companies.

Important parameters in software cost estimations are time, effort, size, and so on.

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