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%

What is the total cost to the customer for the project?

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