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Current software cost estimation models, such as the 1981 Constructive Cost Model (COCOMO) for software cost estimation and its 1987 Ada COCOMO update, have been experiencing increasing difficulties in estimating the costs of software developed to new life cycle processes and capabilities. These include non-sequential and rapid-development process models; reuse-driven approaches involving commercial off-the-shelf (COTS) packages, re-engineering, applications composition, and applications generation capabilities; object-oriented approaches supported by distributed middleware; and software process maturity initiatives. This paper summarizes research in deriving a baseline COCOMO 2.0 model tailored to these new forms of software development, including rationale for the model decisions. The major new modeling capabilities of COCOMO 2.0 are a tailorable family of software sizing …