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What is the COCOMO method?
The COnstructive COst MOdel (COCOMO) is an algorithmic Software Cost Estimation model developed by Barry Boehm. The model uses a basic regression formula, with parameters that are derived from historical project data and current project characteristics.COCOMO was first published in 1981 Barry Boehm's Book.
What is everted gut sac method?
a simple low cost invitro method to study about absorption in intestine
Advantages of the step method of cost allocation?
Advantages:Considers some of the interdependence of service departmentsDisadvantages:Resulting allocations are inaccurate estimates of opportunity costs.Allocation less than opportunity cost for first departmentAllocation more than opportunity cost for last department
Sinking fund method for depreciation?
Sinking fund method for depreciation The straight line method has equal annual depreciation for every year. There are other methods which has more depreciation allocated to the earlier years like Written-Down Value (WDV) method in which depreciation is charged at fixed rate (%) on the reducing balance (i.e. cost less depreciation) every year. The sinking fund method allocates more depreciation to the later years. The depreciation for the first year equals the annual deposit needed for a sinking fund to accumulate at the given rate to an amount that equals the depreciation base. For each consecutive year, the annual depreciation equals the annual sinking fund deposit plus the interest earned on the fund up to that year.
What are the Different types of cost with answers?
Direct cost. Indirect cost. Fixed cost. Variable cost.
Can one cost estimation method be used in combination with another method?
Yes. True
One cost estimation method can be used in combination with another method.?
Yes. True
Software Estimation Method - Comparison?
estimation is all about Size and scope Effort Time Schedule and Cost. for a s/w development process. Satyajit Kumar Sethy(Wipro Technology)
Difference between pre-feasibility and feasibility?
The most difference is on cost estimation. In PreFS, cost estimation is based on assumptions while cost estimation in FS is normally based on vendors' offers/proposals, at least for expensive price equipment/materials.
What is a estimation?
an estimation is an educated guess as to the cost of a certain procedure or product.
Scientists use many methods to determine the size of a population Which method is best for extremely large populations?
For extremely large populations, the best method to determine size is often statistical sampling. This involves taking a representative sample of the population and using statistical techniques to estimate the full population size. This method is efficient and cost-effective for large populations.
Why cost estimation is important for project management?
Cost estimation is important because each project has the risk of added costs that weren't consider up front throwing the project into a state where you may not have the budget required to continue working on the project. The cost estimation should include the initial assessment plus % available for added costs.
Full form of cocomo?
COCOMO constructive cost estimation model
What is the difference between estimation and costing?
1,estimation is finding the cost before it has been actually manufactured. and costing is finding cost after manufacturing the product including the defect product cost. 2,estimation need high technical skills and knowledge hence its done by engineering department but costing need high accounting skills hence its usually done by Accountants or account departments 3,estimation foresee the probable cost and hence it can be used to decide whether one need to produce a particular product or not. or if its profitable or not costing helps to understand to what extent the estimation holds good also when and where it fails
What is High-low method of variable cost and fixed cost?
High and low method is the method for separating fixed cost and variable cost from mixed cost.
What is the different between estimation and budget?
estimation is how much you think it would costs and budget is how much you decide it will cost after several estimations. budget is how much you can spend.
Define estimation and explain its method?
ADD NYO KO SA FRIENDSTER AND YM panes_cheska@yahoo.com # to form an opinion or judgment about # to judge or determine generally but carefully (size, value, cost, requirements, etc.); calculate approximately
