Once a client has accepted a project proposal (e.g. scope, costs, timeline, etc.
ID: 352782 • Letter: O
Question
Once a client has accepted a project proposal (e.g. scope, costs, timeline, etc.) you should develop and present a Statement of Work (SOW). A sufficiently detailed SOW can assist with the negotiations during the bidding process as well as deal with potential conflicts during the execution of the contract. The SOW can be utilized to address risks such as not meeting requirements or non-performance of work.
Question: As you work on the improvement of software program project at Walmart, based on assumptions determined and estimate the price or cost of the project?
Explanation / Answer
Estimate of the cost of the improvement of software program project at Walmart. All the figures are symbolic and not exact cost which can be incurred .
Payrate in USA, Junior developer- $50/hours, Tester- $50/hour
Senior developer- $80/ per hour Trainer- $60/hour
There will be 3 junior developers including a tester and 1senior developer. So daily wage rate= $1840
Other costs are
Material and equipment= $50,000
Fees for the service provider= $80,000
Other expenses= $50,0000
Total cost of the project= $253,410
Task Manpower needed Cost Scope 3days 5520 Analysis software requirement 6days 11,040 Design 5days 9200 Development 25days 46,000 Testing 15days 750 Training 15 days 900 Total cost of manpower 73,140Related Questions
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