chapter 3 Flashcards

(29 cards)

1
Q

define estimation.

A

is the process of reliably predicting various parameters of a product

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2
Q

what are the needs for estimation?

A
  • feasibility
  • control
  • confidence
  • trade-off
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3
Q

what are elements of a sound estimate?

A

WE Like Cooking
- WBS
- effort estimate
- list of assumptions
- consensus among team

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4
Q

mention problems of estimation.

A

u can cook clean = p right
- uniqueness of software
- constraints
- customer reqs
- change in technology
- productivity
- resource

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5
Q

mention approaches of estimation.

A
  • ad hoc
  • analogy
  • expert judgment
  • empirical model
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6
Q

what are the 2 approaches in expert judgemnet?

A
  • delphi & wideband delphi
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7
Q

_______ is an expert survery in 2 or more rounds?

A

delphi

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8
Q

delphi approach is aka?

A

Non consecutive group consensus

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9
Q

in delphi approach experts make estimates how?

A

anonymously

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10
Q

wideband delohi is aka?

A

consultive group consensus

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11
Q

what are the steps in wide band delphi?

A
  • choose team
  • kickoff meeting
  • indiv prep
  • estimation session
  • assemble tasks
  • review results
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12
Q

what are the 2 approaches in ad hoc?

A
  • pricing to win
    -parkison’s law
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13
Q

what is empirical model?

A
  • cost estimation based on available data & skill
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14
Q

emperical model predicts effort as a fucntion of ______

A

LOC

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15
Q

parameter values of empirical models tend to be ______

A

organization dependent

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16
Q

what are the 3 catagories of projects in COCOMO?

A
  • simple - organic small
  • intermidiate - semi-detached
  • complex - embedded large
17
Q

what is a man-month estimate?

A

unit of work done by 1 man in 1 month

18
Q

COCOMO estimates effort in terms of?

19
Q

staffing reqs are small during?

A
  • reqs & design
  • final phases
20
Q

staffing reqs is maximum during?

A

Implementation & testing

21
Q

what are the 3 methods to determine financial value of a project?

22
Q

how does NPVA calculate?

A

calculates monetary gain or loss by discounting all future cash outflows & inflows to present point in time

23
Q

higher NPVA is bad

24
Q

NPVA calculates ______ with ______ for each period of an investment?

A

cost with benefit

25
what is used to evaluate efficiency of an investment?
ROI
26
how does ROI work?
by measuring amount of return relative to investment cost
27
what is payback analysis?
mathematical methodology used to determine payback period for an investment
28
what is payback period?
amount of time it takes to recoup investment in net cash flows
29
when does payback occur?
when cumulative benefits & cost are greater than 0