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What are different cost estimation models?
written 6.3 years ago by | modified 2.3 years ago by |
Subject: Software Engineering
Topic: Matrics for Process & Projects
Difficulty: High
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written 6.3 years ago by | modified 2.3 years ago by |
Subject: Software Engineering
Topic: Matrics for Process & Projects
Difficulty: High
written 6.2 years ago by |
Cost estimation models are mathematical algorithms/methods used to estimate the costs of a product or project. The results of the models are typically necessary to obtain approval to proceed, and are factored into business plans, budgets, and other financial planning and tracking mechanisms.
These algorithms were originally performed manually but …