The industry of software should be efficient. Due to rapid change in technology, implementation of complex software systems at cheaper cost and the urge to maintain better quality software are some of the major challenges for the software companies. One of the toughest works is cost estimation, in the field of software engineering. It is the estimation of total cost required in developing software. Researchers have proposed various methods of cost estimation. This paper gives an insight into the various models and techniques used in estimating cost of the software. The benefits and drawbacks of the existing cost estimating techniques have been highlighted in this paper. There is as such not any single method which can be regarded as the best method so in this paper it is suggested that a combination of the methods should be used to get an accurate cost estimate
Software cost estimation, Estimation techniques, Cost models, COCOMO, Algorithmic method, Non-Algorithmic method.
International Journal of Trend in Scientific Research and Development - IJTSRD having
online ISSN 2456-6470. IJTSRD is a leading Open Access, Peer-Reviewed International
Journal which provides rapid publication of your research articles and aims to promote
the theory and practice along with knowledge sharing between researchers, developers,
engineers, students, and practitioners working in and around the world in many areas
like Sciences, Technology, Innovation, Engineering, Agriculture, Management and
many more and it is recommended by all Universities, review articles and short communications
in all subjects. IJTSRD running an International Journal who are proving quality
publication of peer reviewed and refereed international journals from diverse fields
that emphasizes new research, development and their applications. IJTSRD provides
an online access to exchange your research work, technical notes & surveying results
among professionals throughout the world in e-journals. IJTSRD is a fastest growing
and dynamic professional organization. The aim of this organization is to provide
access not only to world class research resources, but through its professionals
aim to bring in a significant transformation in the real of open access journals
and online publishing.