Date Added: Jan 2012
Each phase of the software design consumes some resources and hence has cost associated with it. In most of the cases cost will vary to some extent with the amount of time consumed by the design of each phase .The total cost of project, which is aggregate of the activities costs will also depends upon the project duration, can be cut down to some extent. The aim is always to strike a balance between the cost and time and to obtain an optimum software project schedule. An optimum minimum cost project schedule implies lowest possible cost and the associated time for the software project management.