IT Project management Cost of software Defects When defect is detected Typical Cost of Correction User requirements $100-$1000 Coding/Unit Testing S1.000 or more System testing $7.00-8,00 Acceptance testing 100091000 After Implementation Up to millions of dollars It is important to spend money up-front on IT projects to avoid spending a lot more later Project Cost ManagementProject Cost Management 11 Cost of Software Defects When Defect is Detected Typical Cost of Correction User Requirements $100-$1,000 Coding/Unit Testing $1,000 or more System Testing $7,000 - $8,000 Acceptance Testing $1,000 - $100,000 After Implementation Up to millions of dollars It is important to spend money up-front on IT projects to avoid spending a lot more later. IT Project Management