Lesson 1: Determine the monetary and non-monetary parameters

In this lesson, you learn how to determine the monetary and non-monetary parameters for the development of software application for the mobile project. These are the key computations that must be considered when configuring the financial model for any project. In this tutorial, these parameters are called streams.

Parameter	Description
Costs	The expected costs to complete the project and expected costs after delivery
Benefits	Expected revenue after delivery and expected revenue and cost savings from reuse
Risk	Combined uncertainty in estimated costs and benefits

Stream	Description
Cost stream	Calculates your estimations about the expenditure to the company
	Engineering	Includes the cost of engineers and the number of engineers required in the project
Benefit stream	Calculates your estimations about the revenue to the company
	Sales	Includes the total sales of the mobile phones and the revenue generated due to the sales
Non-monetary streams	These streams are neither cost nor benefit streams, but are required as your cost and benefit streams might depend on these non-monetary streams. For example, the number of engineers required for the project, the hours spent by each engineer on the development effort, the number of licenses sold, and so on.
	Engineers	Includes the projection of the resource requirement over the life cycle of the project
	License	Includes the projection of the number of licenses that might be sold from the time the software is released