Example of Cost Estimation for Distance Learning System
Step 2. Labor Cost/ Task Technique:
Function Requirements Design Coding Test Subtotal
Cal Interface 2.0 5.0 3.0 3.0 13.0
Login Interface 0.5 1.0 1.5 0.5 3.5
Administration 2.0 5.0 4.0 3.0 14.0
PHP 0.5 3.0 2.0 1.0 6.5
Open SSL 1.0 4.0 5.5 3.0 13.5
MySQL 1.5 4.5 4.5 3.5 14.0
Java DBC 1.0 4.5 3.0 3.0 7.5
Total
(man-weeks) 8.5 27.0 23.0 16.5 74.0
Rate
($/man-weeks) $200 $450 $400 $300
Cost $1,700 $12,150 $9,200 $4,950 $28,000
Step 3. Avg. Cost (estimated cost) = (31,740 + 28,000) / 2 = $29,870