After reading chapter-8 from the attached text book explain what are the important concepts from chapter and why they are important and answer below questions. Minimum two pages assignment. 1. Imagine

Posted: December 30th, 2021

After reading chapter-8 from the attached text book explain what are the important concepts from chapter and why they are important and answer below questions. Minimum two pages assignment.
1. Imagine you are developing a software package for your company’s intranet. Give examples of the various types of costs (labor, materials, equipment and facilities, subcontractors, etc.) and how they would apply to your project.
2. Think of an example of parametric estimating in your personal experience, such as the use of a cost multiplier based on a similar, past cost. Did parametric estimating work or not? Discuss the reasons why.