Analyzing Cost Estimation Model to Optimize COCOMO II for Enterprise Level Software
The stimulus to carry out this research is to find out the best ERP cost estimation model while implementing ERP in the context of Pakistan. For this purpose study has utilized qualitative and quantitative approach. Initially the comparison of existing several cost estimation model has been done through literature review. On the basis of substantive literature review, one ERP cost estimation mode has been chosen i.e. COCOMO. In second phase, in order to validate this model in the context of Pakistan, the study has adapted a questionnaire from relevant study and survey has been done of the IT companies operating in Pakistan which are also involved in ERP implementation. Sample has been collected from 27 companies and data analysis is done in a statistical software (SPSS). On the basis of results obtained from the SPSS and with the support of literature findings has been extracted. Findings indicate that COCOMO II is the best model to estimate the ERP implementation cost in the context of Pakistan. Moreover it is recommended to validate his model in the other countries. Findings would be beneficial for the future studies and contributes in the knowledge of scientific community. Moreover, results of this study can be helpful for other companies in Pakistan who are involved in ERP implementation process and looking for best model to estimate cost of ERP implementation.
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