CEN 4010 (Software Engineering 2) - Final Questions And Answers Rated 100% Correct
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Course
CEN 4010
Institution
CEN 4010
Project Closing: Types - ️️1. Termination by integration and termination by addition
Successful cases: project outputs integrated and/or used as input for
another project/production
2. Termination by starvation
Project ends because resources run out.
3. Termination by extinction
Terminati...
CEN 4010 (Software Engineering 2) -
Final
Project Closing: Types - ✔️✔️1. Termination by integration and termination by addition
Successful cases: project outputs integrated and/or used as input for
another project/production
2. Termination by starvation
Project ends because resources run out.
3. Termination by extinction
Termination by management because the project failed (objectives not met, superseded
by technical advances, not profitable anymore).
Managing Project Costs - ✔️✔️The project manager is tasked with keeping the three
main aspects of a project under control: quality, time, and cost.
Its main goals are:
1. To ensure that the money is available when it needs to be spent.
2. To monitor project expenditures so that the project remains within the budget.
The info you're interested in:
1. Budget
2. Transfers
3. Actual Cost
Cost Element Structure (CES) - ✔️✔️A hierarchical structure that defines precisely
what are the cost items to take into account in each project.
Direct Costs - ✔️✔️Direct costs are the expenses directly related to carrying out a
project. These include:
• Personnel costs of the personnel involved in the project. Computed from effort and
rates. e.g., salary, tax, retirement funds, etc.
• Materials and Supplies cost of materials necessary to produce the project outputs,
e.g., office supplies.
• Hardware and software cost of specific h/w and s/w for the project.
• Travel, meeting, and events cost necessary to meet customers and other
stakeholders.
• Consultants and subcontracting costs related to work that is subcontracted.
• Other costs all those expenses that do not fit nicely in the other categories, e.g.,
books, training, and renting equipment.
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