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12. As the manager of the IT group at your insurance firm, you have been asked to develop a cost estimate for upgrades to
12. As the manager of the IT group at your insurance firm, you have been asked to develop a cost estimate for upgrades to the computerized accident-reporting and claims adjustment system you have in place. Your system is basic, without many features, but it needs some general modifications, based on complaints from customers and claims adjusters at your firm. You know that your programmer is capable of handling 3 function points in a person-month and your programmer makes $60,000, so her cost is $5,000 per month. The costs for the project are based on the following requirements: (7.5 marks) Function Input Output Interfaces Queries Files Number of Screens 9 4 7 7 12 The complexity weighting for these functions follows a standard formula: Complexity Medium Low Medium High Low Function Low Medium High Total Number of Inputs 1 2 3 Number of Outputs 2 6 10 Number of Interfaces 10 15 20 Number of Queries 3 6 9 Number of Files 1 3 5 a. Calculate the total estimated number of function points for this project. b. What is the total expected cost of the project? 13. Assume you are a project cost engineer calculating the cost of a repetitive activity for your project. There are a total of 20 iterations of this activity required for the project. The project activity takes 2.5 hours at its steady state rate and the learning rate is 75%. Calculate the initial output time for the first unit produced, using the learning curve formula: (5 marks)
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