Information Systems

College of Business Administration
University of Missouri - St. Louis

How are estimates created?

  • Based on required date?

  • Based on available resources?

  • Based on how much money is available?

  • Guess?

  • Based on projects of similar size and scope.

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Notes:

    The boss wants an estimate of how much it will cost to develop an e-commerce web site. What are you going to do?
    Questions:
  • What are you studying right now?
  • Explain your project.
  • How long is it going to take?
  • If it wasn’t based on Dr. Sauter’s due date, how long would it take?
  • Who starts classes at 8:00am? How long does it take you to be in class ready to go at 8:00? How do you know? How did you know the first time? Historical/Experience!!


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