%0 Journal Article
%T An Expert Estimator Tool to Estimate Project Cost and Risk with Early Stage of Function Points
%A Ajay Jaiswal
%A Meena Sharma
%J International Journal of Software Engineering & Applications
%D 2012
%I Academy & Industry Research Collaboration Center (AIRCC)
%X Software estimation provides an important tool for project planning; whose quality and accuracy greatlyaffect the success of a project. There are several area of the software engineering in which we can use thefunction point analysis like project planning, project construction, software implementation etc. In softwaredevelopment, accuracy and efficiency of cost estimation methodology for a web based application is veryimportant. The proposed web based application (i.e. Expert estimator), is to produce accurate costestimation and risk estimation throughout the software development cycle to determine feasibility ofsoftware project. Cost of the software projects depends on the project size, project type, cost adjustmentfactor, cost driven factors, nature and characteristics of the project. Software estimation needs to estimatesor predict the software costs and software risk early in the software life-cycle.The process of risk management embodies the identification, analysis, planning, tracking, controlling, andcommunication of risk. It gives us a structured mechanism to provide visibility into threats to projectssuccess. Risk management is a discipline for living with the possibility that future events may cause adverseeffects. Risk management partly means reducing uncertainty. The propose tool indicates the risk &estimates risk using risk exposure. Management team to estimates the cost & risk within a planned budgetand provide a fundamental motivation towards the development of web based application project. Findheuristic risk assessment using cost factors, indicating product & project risk using some risk factors &check some risk management strategies in under estimation development time.In this paper we proposed the Expert estimator in Java, this tool is used to two different purpose, first toestimate the cost of the software & secondly, to estimate the risk in the software. Most of the software's failsdue to over budget, delay in the delivery of the software & so on. Function point is a well knownestablished method to estimate the size of software projects. Its measure of software size that uses logicalfunctional terms, business owners & user, more readily understand.
%K Cost estimation
%K Expert judgment
%K Risk management
%K Type of risks
%K Expert estimator
%K Risk exposure.
%U http://airccse.org/journal/ijsea/papers/3512ijsea12.pdf