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Week 3 Assignment

660 words - 3 pages

Week 3 Assignment: Chapter 5 Exercises
Kimberly Harris
Project Management/ PM571
December 6, 2010
Denny Bates

Exercise 1
Mrs. Tolstoy and her husband, Serge, are planning their dream house. The lot for the house sits high on a hill with a beautiful view of the Appalachian Mountains. The plans for the house show the size of the house to be 2,900 square feet. The average price for a lot and house similar to this one has been $120 per square foot. Fortunately, Serge is a retired plumber and feels he can save money by installing the plumbing himself. Mrs. Tolstoy feels she can take care of the interior decorating.
The following average cost information is available from a local bank ...view middle of the document...

If the total project cost is estimated to be $600,000, what are the estimated costs for the following deliverables?
a) Design?
40% x $600000 = $240000

b) Programming?
20% x $600000 = $120000

c) In-house testing?
40% x $600000 = $240000

d) What weaknesses are inherent in this estimating approach?
One of the main weakness of this approach lies with the accuracy of the estimates. If any of the estimates are inaccurate, then this will changes the cost of the project, which can prove to be problematic. Also, the deliveries outlined by the WBS needs to have similar if not the same subtasks to for the information to be useful, and to ensure estimates’ accuracy. With that said, it is crucial that the information provided be realistic and accurate.

Exercise 3
Firewall Project XT. Using the “complexity weighting” scheme shown in Table 5.2 and the function point complexity weighted table shown below, estimate the total function point count. Assume historical data suggest five function points equal one person a month and six people can work on the project.
Complexity...

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