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As cost associated to the software development is increasing continuously, there is a need to direct attention at better understanding of development process and calibrating previous models and methods making them applicable to existing environment such as proposing hybrid tools using the techniques based on existing models. The main aim of this paper is to improve the cost estimation accuracy of applications at all the phases of a software development lifecycle by calibrating COCOMO using a function point as a size measure instead of SLOC being used in COCOMO model.
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