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Discuss the trade-offs between in-house software development versus outsourcing in the context of cost estimation.
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Solved in 3 steps
- How does the choice of programming language or technology stack potentially impact cost estimations?Should analysis be omitted or streamlined when choose between a premade software solution and a bespoke solution or outsourcing?Explain the main difference between the two standard system development methodologies. Which strategy is best and worst, and why?
- Prepare a scope statement for developing an operations management laboratory. The laboratory will have physical cum computer simulations for operations management problems in which students can participate to get a close-to-real world experience operations management environment. Which should include -project justification -product characteristics and requirements -product user acceptance criteria -project management related deliverables -product related deliverablesDefine the term "outsourcing" in the context of website development. What are the common reasons businesses choose to outsource web development projects?Explain the circumstances in which needs analysis survey can be carried out with the aim of identifying projects which can be implemented through public private partnership model.
- Provide an explanation for the discrepancy between the planned 100-fold rise in the cost-performance ratio and the estimated 50-fold increase in IT performance.Explain the main difference between two typical system development methodologies. What are each strategy's pros and cons?When compared with outsourcing, what are the disadvantages of creating software in-house?
- How does the geographic distribution of development teams (on-site, nearshore, offshore) influence software cost estimations?How may the project team that recommends an ERP design strategy defend its selection in comparison to alternative design strategies?1 Critically discuss the role that supply management plays in internal and external integration to project management. 2. Elaborate on how supply chain management works with engineering and suppliers to develop new products and services.