Question: EX5-3 (Algo) Below is a project WBS with cost... Below is a project WBS with cost apportioned by percents. If the total project cost is

EX5-3 (Algo) Below is a project WBS with cost...

EX5-3 (Algo) Below is a project WBS with cost... Below is a project WBS with cost apportioned by percents. If the total project cost is estimated to be $601,000, what are the estimated costs for the following deliverables? (Round the final answer to the nearest dollar.) Router systems project 601000 Definition Design Implementation 10% 41% 49% Objectives Requirements Inputs Outputs Files Interfaces Programming In-house testing Customer testing and review 5% 5% 3% 5% 5% 10% 18% 38% 11% a. Design? b. Programming? c. In-house testing? All of the following are weaknesses inherent in this estimating annroach EXCEPT: Click to select) If total cost estimate is off, all other costs will be off It requires good, realistic historical data. The project must be very similar to past projects for estimates to be useful It requires significant time to develop estimates

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!