In the development of a mobile application project, you considered the expense to be invested in engineering effort as the cost to the company. In this module, you calculate the development cost based on your estimates.
To calculate the development cost:
1 Determine the number of developers required over the life of the project.
2 Estimate the investment on each developer.
3 Create variables and calculator tape to calculate the development cost.
4 Run the simulation and apply simulation results over the project lifecycle.
Lesson checkpoint
After completing this section, you will know to calculate the development cost of the project.