Question: Estimate costs for a software development project using the following data: Activity Estimated Cost ($) Planning 80,000 Development 120,000 Testing 70,000 Deployment 50,000 Requirements: Calculate


  1. Estimate costs for a software development project using the following data:

ActivityEstimated Cost ($)
Planning80,000
Development120,000
Testing70,000
Deployment50,000

Requirements:

  • Calculate the total estimated cost for the project.
  • Present the estimation process in a table.
  • Explain the methodology used for cost estimation.
  • Identify potential sources of uncertainty in the estimation.
  • Provide strategies for managing cost uncertainties.

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