How to allocate a budget for a LIMS team consisting of 2 LIMS Developers and Testers?
Budgeting for a LIMS developer will depend on several factors such as the complexity of the LIMS, the experience level of the developer, the duration of the project, and the location of the developer.
In general, LIMS development projects can range from a few months to several years, with costs varying from a few thousand dollars to hundreds of thousands of dollars. Typically, experienced LIMS developers can charge anywhere from $75 to $200 per hour, depending on their level of expertise and location. LIMS testers would charge anywhere from $60 to $110 depending on their level of expertise
To budget for a LIMS team, project managers should consider the following factors:
Project scope: Determine the scope of the project, including the number of features and functionalities required in the LIMS.
Developer experience: Look for developers with experience in developing LIMS systems or similar software.
Tester experience: Look for testers with negative testing experience and have extensive experience in interpreting FRS and convert them to test scripts.
Project duration: Estimate the duration of the project, including the development, testing, and deployment phases.
Hourly rate: Decide on an hourly rate based on the developer’s experience level and location.
Contingency: Plan for contingencies, such as additional features or unforeseen delays.
Based on these factors, project managers can estimate the total cost of the project and allocate a budget for the LIMS developer. It is also important to regularly monitor the budget throughout the project to ensure that it stays on track and adjust it as necessary.
Here’s a sample budget calculation for a project (only Dev) with 2 Developers and 3 Testers:
Determine the project scope and duration:
Project scope: Develop a LIMS system with multiple features and functionalities
Project duration: 12 months
Estimate the hourly rates for the LIMS Developers and Testers:
LIMS Developer hourly rate: $150
Tester hourly rate: $80
Calculate the total hours required for the project:
2 LIMS Developers x 40 hours per week x 52 weeks = 4,160 hours
3 Testers x 40 hours per week x 52 weeks = 6,240 hours
Total project hours = 10,400 hours
Calculate the total cost for the project:
LIMS Developer cost: 4,160 hours x $150 per hour = $624,000
Tester cost: 6,240 hours x $80 per hour = $499,200
Total project cost = $1,123,200
Include contingency and other costs:
Contingency (10%): $112,320
Other costs (e.g. hardware, software licenses, project management): $100,000
Total project budget = $1,335,520
Note: This is just a sample budget calculation for US based team, and actual costs may vary.