CEN 4010 (Software Engineering 2) – Final Exam Study Guide
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Course
CEN 4010
Institution
CEN 4010
CEN 4010 (Software Engineering 2) – Final
Exam Study Guide
Budget - ANSWER-A project budget is a view of the predicted cash flow (incomes and expenditures)
of a project.
Managing Project Costs - ANSWER-The project manager is tasked with keeping the three main
aspects of a project under contr...
Cost Element Structure (CES) - ANSWER✔✔-A hierarchical structure that defines precisely what are the
cost items to take into account in each project.
Direct Costs - ANSWER✔✔-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.
Indirect Costs - ANSWER✔✔-Indirect costs (or overheads) include the expenses necessary to run the
facility and make work actually doable. These include:
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