Question: Given the following assumptions, develop a cost estimate (Labor only) that integrates all of the cost elements into a final bid price to the customer.

Given the following assumptions, develop a cost estimate (Labor only) that integrates all of the cost elements into a final bid price to the customer. What is the total cost for the project? How long will the project take to complete? Function points in the project: 232 Software engineers assigned to this team: 5 Function point productivity per software engineer: 5 per month Workdays per typical month: 22 Productive hours per typical workday: 8 Gross hourly wage rate per software engineer (does not include fringe benefits): $50 per hour Overhead (fringe benefit, other direct overhead) rate 35% G&A rate: 11.5% Proposed Profit: 10%

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