How to estimate the cost of projects ?
- 3 Answers
- 16369 Views
- ABB, Voltas, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / akki
There are various methods of estimates. Ex. Function point,
creating work break down structure and estimating for each
work packages in it.
There can be predefined/ready estimation tool with your
organization based on similar project learning experience.
Using such methods cost for each deliverable/mile stone can
be estimated. Overall estimation for each mile stone is cost
budget for your project.
| Is This Answer Correct ? | 8 Yes | 3 No |
Answer / c. nagaraju
First we need to check clients requirement. How he need it?
When he needs it? Whether he needs it in low budget or In a
high budget? One thing we have to keep in mind that, the
Quality Control need to be maintained as much as possible.
If we give clients a good service, they will prefer to give
more projects. We should not expect more profit and giving
him a bad service/quality. Keep a reasonable margin and
give "THE BEST SERVICE" from your end.
regards
C. NAGARAJU
Nagarabhavi
| Is This Answer Correct ? | 6 Yes | 4 No |
Answer / svs gopinath
1. Create the WBS of the project.
2. Assign TeamMember for each Task
3. Prepare the schedule of the Project.
4. Calculate the Effort based on the schedule & Number of
Team members
For example:
Project Shedule is 2 Month with 2 Team Member( Considering
8 Hrs per day)
That Means Effort is 4 Manmonths
Assume that Per Hour cost is 20$
One day cost per resource is 8 * 20 = 160$
One day Cost for two resources are 165*2 = 320$
Number of Working days in one Month is 22 days.
Number of Working days in 2 Months are 2* 22 = 44 days.
Add 4 Hours of Project Management that means Number of
days for project Management is 22 Days.
Total Number of days = 44+22 = 66 days
The Total Poroject Cost = 66 *320$ = 21120$
( Note: I have Assumed cost per hour is 20$ for Project
Management Also. This cost may be diferent
I have Considered this Project executed @ offOsore
Onsite Cost will be more.
If the project is executed in ofshore/Onsite model , cost
will be diferent)
)
| Is This Answer Correct ? | 4 Yes | 3 No |
I want question and paper based MS Projects. Also is there any exam which microsoft conduct for Ms Project professional to issue certification?
How are the team members kept informed about the current status of the project?
How do you know that a particular individual is the project leader (or) how do you know that you are the Project Leader?
Tell me something about your project?
23 Answers Accenture, BG, CTS, HCL, IBM, IPO, Mphasis, NDS, Oracle, PHP, PRDC, Siemens, State Street,
Explain dll hell?
When you come in to the office, how do you know what you have to do during the day?
What are the different inputs and outputs of the phases in SDLC ?
What is your role in the current project and what kinds of responsibilities you are handling ?
8 Answers Infosys, Iron Mountain, Wipro,
Explain the various activities you do (as a PL) when the project is started up.
How did you choose the appropriate lifecycle for your project?
How do you perform impact analysis ?
Can any one please give me an effective format for designing a functional specification and technical specification sheet for a software developemnt related company asap...it would be highly useful for my final year project.
Design Patterns 
