Risk Analysis in Software Cost Estimation: A Simulation-Based Approach
Main Article Content
Abstract
Risk analysis and cost estimation are two important aspects of project planning that can either make the way or break the way to a project’s success. At the same, both these tasks are difficult and painstaking, but whether someone likes it and not, the project’s success depends heavily on them. As documented by Fredric Brooks Junior in his legendry book “The Mythical Man-Month,” planning, scheduling, and estimation have been central to software engineering since its early days in the 1970s. Present communication presents a simulation-based approach to estimate the costing schedule of a software development project. The results show that simulation is expedient as well as efficient in terms of time, effort, and cost requirement and provides pragmatic results.
Downloads
Metrics
Article Details
You are free to:
- Share — copy and redistribute the material in any medium or format for any purpose, even commercially.
- Adapt — remix, transform, and build upon the material for any purpose, even commercially.
- The licensor cannot revoke these freedoms as long as you follow the license terms.
Under the following terms:
- Attribution — You must give appropriate credit , provide a link to the license, and indicate if changes were made . You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use.
- No additional restrictions — You may not apply legal terms or technological measures that legally restrict others from doing anything the license permits.
Notices:
You do not have to comply with the license for elements of the material in the public domain or where your use is permitted by an applicable exception or limitation .
No warranties are given. The license may not give you all of the permissions necessary for your intended use. For example, other rights such as publicity, privacy, or moral rights may limit how you use the material.