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Estimate costs for a software development project using the following data: Activity Estimated Cost ($) Planning 80,000 Development 120,000 Testing 70,000 Deployment 50,000 Requirements: Calculate
Estimate costs for a software development project using the following data:
Activity | Estimated Cost ($) |
---|---|
Planning | 80,000 |
Development | 120,000 |
Testing | 70,000 |
Deployment | 50,000 |
Requirements:
- Calculate the total estimated cost for the project.
- Present the estimation process in a table.
- Explain the methodology used for cost estimation.
- Identify potential sources of uncertainty in the estimation.
- Provide strategies for managing cost uncertainties.
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