You have been asked to provide a budget estimate for the following software development project:

This project has 5 use cases: 1 use case has 3 steps, 2 use cases have 6 steps, 1 use case has 7 steps and 1 use case has 12 steps. There are 4 actors: a human who will place orders, a human who will administer the system, an inventory system from which ordered items are drawn via an API, and an invoicing system which prepares the bills and is accessed via an API.

The weighted technical requirements for this project has been rated and those weighted ratings sum to 75. The weighted environmental factors also have been rated and those weighted ratings sum to 13.5.

You anticipate that the software productivity for your organization will be relatively good since the development team combines two highly productive software development groups.

The average monthly loaded salary for your development organization is $25,000.

How much budget do you estimate is needed to complete the project? Show how you arrived at that estimate!