Hi,
Is there any formula showing the development cost of an application?
Basically not to reach a very specific number but at least stressing what parts are effecting the overall cost in what magnitude?
Thanks, burak ozdogan
Hi,
Is there any formula showing the development cost of an application?
Basically not to reach a very specific number but at least stressing what parts are effecting the overall cost in what magnitude?
Thanks, burak ozdogan
Estimated Cost = M x L
M = Total adjusted labor man-hours
L = Labor rate per man-hour
From http://ecmweb.com/mag/electric_calculating_true_labor/ which is not software industry specific but most of the ideas should apply. Probably.
What I do to estimate the cost of an app is to break down into "small" sub-tasks and estimate the amount of work for each one. Then add some needed work for specifications, design, integration, user testing, and project management.
Then, assign these tasks to the different kinds of people in the team (developers, managers, architects, etc.) and sum the products of labor rate x man-hours in each category.
So, it is not easy at all...