Explain how standards may be used to capture organisational wisdom about effective methods of software development.

Question
.Under what circumstances might a company justifiably charge a much higher price for a software system than the software cost estimate plus a reasonable profit margin?

2.

Explain how standards may be used to capture organisational wisdom about effective methods of software development. Suggest four types of knowledge that might be captured in organisational standards.

3. Explain why the process of project planning is iterative and why a plan must be continually reviewed during a software project

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