Open AccessRisk Analysis in Software Cost Estimation: A Simulation-Based Approach
Author(s) -
Varun Malik Vikram Singh
Publication year - 2021
Publication title -
türk bilgisayar ve matematik eğitimi dergisi
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.218
H-Index - 3
ISSN - 1309-4653
DOI - 10.17762/turcomat.v12i6.4822
Subject(s) - computer science , estimation , schedule , activity based costing , scheduling (production processes) , software , project management , cost estimate , software development , software project management , project planning , operations research , risk analysis (engineering) , software engineering , software construction , systems engineering , operations management , engineering , programming language , medicine , marketing , business , operating system
Risk analysis and cost estimation are two important aspects of project planning that can either make the way or break the way to a project’s success. At the same, both these tasks are difficult and painstaking, but whether someone likes it and not, the project’s success depends heavily on them. As documented by Fredric Brooks Junior in his legendry book “The Mythical Man-Month,” planning, scheduling, and estimation have been central to software engineering since its early days in the 1970s. Present communication presents a simulation-based approach to estimate the costing schedule of a software development project. The results show that simulation is expedient as well as efficient in terms of time, effort, and cost requirement and provides pragmatic results.