4. Below is a project WBS with cost apportioned by percent. If the total project cost is estimated to be $800,000, what are the estimated costs for the following deliverables? Router systems project Cost: $800,000 Objectves a. Design? b. Programming? c. In-house testing? What weaknesses are inherent in this estimating approach? 5. Assume you are the project manager for the Tidal 2 software project. You have been asked to calculate the expected cost for the project. Your company's database indicates that developers can handle 8 function point each person-month, and that the cost per developer at your firm is $5,000 per month. You and your team of developers have come up with the following requirements: | Elements | Count | Complexity Outputs _ Inquiries Interfaces 18 Using the \"complexity weighting\" scheme shown in Table 5.2 and the information provided above, calculate the total number of function points and the estimated cost and duration of the Tidal project? 1 Calculate the direct cost of labor for a project team member using the following data: Hourly rate: 550/hr Hours needed: 120 Overhead rate: 40% Calculate the direct total direct cost of labor for a project team member using the following data: Hourly rate: $50/hr Hours needed: 100 Overhead rate: 30% The Munsters have been saving money in order to buy a house. They figure that given current interest rates they could afford a $400,000 home. Before looking at houses on the market they decide to explore the possibility of building a new home. The Munsters figure they could buy a suitable lot for $70,000-$75,000. At a minimum they want to build a 2,300 squarefoot house. The cost for a house of the quality they desire is $160 per square foot. Given this information should the Munsters pursue the option of building a new house? - i - . e