What Approaches Can Companies Use to Estimate Time and Costs

question 52

Essay

What approaches can companies use to estimate time and costs for a systems development project?

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Definitions:

Defence Mechanisms

Psychological strategies deployed unconsciously by individuals to protect themselves from anxiety or to cope with reality or maintain self-image.

Strongly Identify

To have a powerful or intense association with a particular group, belief system, or identity.

Evaluation Efforts

The systematic assessment of the processes and/or outcomes of a program or project, with the aim of learning from experiences and making improvements.

Measurement

The process of determining the size, quantity, or degree of something, typically through the use of instruments or standardized tests.