Lesson 10. Software Maintenance: Development and Cost Estimation

Software Budgeting

Understanding what constitutes a software budget.

KLOC (Thousand Lines of Code)

A metric that signifies the number of lines of code in a software project, influencing budget estimation and timelines.

Man-Month Estimation

A method of calculating the labor hours required for a project, translating into project costs.

Cost Estimation Methods

Different approaches for estimating software costs, including COCOMO, Function Points, and Agile estimation.

Influencing Factors

Elements that affect project costs, such as complexity, team experience, and project specifications.

Budget

The total planned spending for a software project.

Estimate

An approximation of the cost, time, or resources needed for a project.

Overrun

A situation where actual costs exceed the budgeted amount.

Allocate

To distribute resources or budget to specific tasks or projects.

Complexity

The degree to which a project is complicated, affecting estimation.

Stakeholder

An individual or group with an interest in the outcome of a project.

Timeline

A schedule that outlines when tasks and milestones are to be completed.

Milestone

A significant point or event in a project timeline.

Resources

The personnel, equipment, and materials required for a project.