Question
a.
Using a fixed budget for the project
b.
Using the estimates of the competitor's bid
c.
Scheduling the project to meet a specific deadline, regardless of the actual time needed
d.
Settling for a shorter time frame than what is actually needed
Posted under Cost Estimation Software Engineering
Engage with the Community - Add Your Comment
Confused About the Answer? Ask for Details Here.
Know the Explanation? Add it Here.
Q. What is the "price to win" method of cost estimation?
Similar Questions
Discover Related MCQs
Q. What is one of the main reasons for the lack of data collection in software projects?
View solution
Q. What is one of the main traps to be avoided when using other methods for cost estimation based on the expertise of estimators?
View solution
Q. What is the main disadvantage of politically-colored estimates?
View solution
Q. According to Jørgensen (2005) what should be avoided in expert-based effort estimation?
View solution
Q. What is the goal of estimation according to Jørgensen (2005)?
View solution
Q. What is the Winner's curse phenomenon known from auctions?
View solution
Q. What type of contracts do software clients generally require according to Jørgensen and Grimstad (2004)?
View solution
Q. What is the phenomenon known as "winner's curse" in software field?
View solution
Q. According to Jorgensen (2005), what should be done to avoid the politically-colored estimation methods?
View solution
Q. What is the outcome of a contract that results in low or negative profits to the bidder?
View solution
Q. What is the main goal of estimation?
View solution
Q. According to Jorgensen and Grimstad (2004), what is the result of companies with the lowest bids in an experiment they conducted?
View solution
Q. What is the benefit of combining different estimation methods?
View solution
Q. What is the best practice for improving estimates according to Lederer and Prasad (2000)?
View solution
Q. What is the potential effect of experience on cost estimates in software development projects?
View solution
Q. What is the result of combining sufficiently different estimation methods?
View solution
Q. Why may estimates that are based on comparison with earlier projects be too pessimistic?
View solution
Q. What is the method that aims to get a more reliable estimate by having the expert produce more than one estimate?
View solution
Q. What is the main issue with using the comparison method for cost estimation?
View solution
Q. What is the impact of a compressed schedule on a software development project?
View solution
Suggested Topics
Are you eager to expand your knowledge beyond Software Engineering? We've curated a selection of related categories that you might find intriguing.
Click on the categories below to discover a wealth of MCQs and enrich your understanding of Computer Science. Happy exploring!
.png)
