International Journal of Managment, IT and Engineering
  • Year: 2013
  • Volume: 3
  • Issue: 11

Identifying problems of Cost Estimation for small project in Indian companies

  • Author:
  • T. N. Sharma, Vipin Jain, Meenakshi Gaur
  • Total Page Count: 8
  • Page Number: 131 to 138

Online published on 11 December, 2013.

Abstract

In India there are lots of small companies who are having human resources strength in between 10 to 50. Most of these companies are having small project with limited budget. Indian software industry has been experiencing a phenomenal expansion for the last few years. The software industry is likely to play a vital role in the growth of Indian Economy. Small sized IT companies have played an important role in the development of the domestic IT industry. The marked reliance on access to low cost human capital has prompted considerable scepticism about the ability of the Indian software industry to sustain its performance, given the quick growth in the requirement for engineers and the relatively inelastic supply of engineers. The leading Indian firms are making tough efforts to move up the value chain by acquiring superior software cost estimation capability and deeper knowledge of business domains, and reducing costs and increasing quality by developing superior methodologies and tools. This paper discusses some of the main issues that are most problematic for most of the small Indian companies.

The paper discusses mostly those issues which are related to costing and economies of projects which affects the whole business.