Function points in the project: 234 Software engineers assigned to this team: 4 Function point productivity per software engineer: 5 per month Workdays per typical month: 22 Productive hours per typical workday: 8 Gross hourly wage rate per software engineer (does not include fringe benefits): $50 per hour Overhead (fringe benefit, other direct overhead) rate: 32% G&A rate: 11.5% Proposed profit: 10% What is the total cost for the project

Answer is given below.

Explanation:

For calculating the total cost of the project :

Function Points in the project : 234

Average Productivity of a software engineer = 5

Number of Soft. Engineers = 4

Time = 234/(5*4)

Time = 11.7 months = 11*22*8 + 0.7*22*8 = 1936+123.2 = 2059.2 hours

Total Wages = 2059.2*50*4 ( 50 is the hourly wage and 4 is the number of Software engineers , given in the question)

= 411840 $

Let X be the Total Project Cost

Hence ,

Overhead rate = 0.32 * Wage Rate = 0.32*50 = 16 $

G&A rate = 0.115*( Wage Rate +Overhead Rate) = 7.59 $

Total Cost => X = (Wages rate + Overhead rate+ G&A rate)* 2059.2*4 = $606,146.11

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