Numerous cost estimation methods are available commercially. Each is based on data collected from a large set of completed projects. Any of these methods can be used to generate ball park estimates for your software development project. To use them to generate more accurate estimates, you must tailor them to your work environment. This tailoring adapts the model to your type of applications and tools. It eliminates variables that are invariant in your environment. It adds variables that are productivity-influential in your environment.
Chapter 29 of Barry Boehm's Software Engineering Economics explains in detail how to tailor the Constructive Cost Model (COCOMO) to your environment. Similar tailoring guidance is provided with other cost estimation methods. You must fully embrace the spirit of such tailoring, or you will end up with dismally inaccurate results.
Reference:
Boehm, B., Software Engineering Economics, Englewood Cliffs, NJ: Prentice Hall, 1981.
