The cost of the tenth iteration of repetitive process

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Reference no: EM132226340

Using the learning curve theory :

You are assigned a project to by your firm. One particular software development process involves many labor-hours, but the work is highly redundant. You anticipate a total of 100,000 labor-hours to complete the first iteration of the software development process and a learning curve rate of 80%. You are attempting to estimate the cost of the tenth iteration of this repetitive process.

Based on this information and a $60 per hour labor rate, what would you expect to budget as

A. The cost of the tenth iteration?

B. The cost of the twentieth iteration?

Reference no: EM132226340

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