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Q: What is algorithmic cost estimation?
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What is COCOMO model?

COnstructive COst MOdel (COCOMO) is an algorithmic Software Cost Estimation Model developed by Barry Boehm. The model uses a basic regression formula, with parameters that are derived from historical project data and current project characteristics.


What is the COCOMO method?

The COnstructive COst MOdel (COCOMO) is an algorithmic Software Cost Estimation model developed by Barry Boehm. The model uses a basic regression formula, with parameters that are derived from historical project data and current project characteristics.COCOMO was first published in 1981 Barry Boehm's Book.


Difference between pre-feasibility and feasibility?

The most difference is on cost estimation. In PreFS, cost estimation is based on assumptions while cost estimation in FS is normally based on vendors' offers/proposals, at least for expensive price equipment/materials.


What is a estimation?

an estimation is an educated guess as to the cost of a certain procedure or product.


When was Algorithmic Number Theory Symposium created?

Algorithmic Number Theory Symposium was created in 1994.


Why cost estimation is important for project management?

Cost estimation is important because each project has the risk of added costs that weren't consider up front throwing the project into a state where you may not have the budget required to continue working on the project. The cost estimation should include the initial assessment plus % available for added costs.


Full form of cocomo?

COCOMO constructive cost estimation model


How do you use algorithmic in a sentence?

Sam had learned that the algorithm he had used to calculate the payload area was incorrect.


What is the difference between estimation and costing?

1,estimation is finding the cost before it has been actually manufactured. and costing is finding cost after manufacturing the product including the defect product cost. 2,estimation need high technical skills and knowledge hence its done by engineering department but costing need high accounting skills hence its usually done by Accountants or account departments 3,estimation foresee the probable cost and hence it can be used to decide whether one need to produce a particular product or not. or if its profitable or not costing helps to understand to what extent the estimation holds good also when and where it fails


What is the different between estimation and budget?

estimation is how much you think it would costs and budget is how much you decide it will cost after several estimations. budget is how much you can spend.


Where can one learn more about algorithmic equations?

There are plenty of places in order for one to learn more about algorithmic equations. However, one might want to check out brief information about algorithmic equations on the website Wikipedia.


What would an estimation of a brake fluid leak cost to fix in a 1995 Bonneville?

where is it leaking at