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Estimation within
project management Project management is the process of supervising the work of a Project team, team to achieve all project goals within the given constraints. This information is usually described in project initiation documentation, project documentation, crea ...
(e.g., for
engineering Engineering is the practice of using natural science, mathematics, and the engineering design process to Problem solving#Engineering, solve problems within technology, increase efficiency and productivity, and improve Systems engineering, s ...
or
software development Software development is the process of designing and Implementation, implementing a software solution to Computer user satisfaction, satisfy a User (computing), user. The process is more encompassing than Computer programming, programming, wri ...
), are the basis of sound project planning. Many processes have been developed to aid project managers in making accurate estimates.


Processes (engineering)

*Analogy based estimation * Compartmentalization (i.e., breakdown of tasks) * Cost estimate * Delphi method *Documenting estimation results *Educated assumptions *Estimating each task *Examining historical data *Identifying dependencies * Parametric estimating *Risk assessment *Structured planning


Processes (software development)

Popular estimation processes for software projects include: * Cocomo * Cosysmo *
Event chain methodology Event chain methodology is a network theory, network analysis technique that is focused on identifying and managing events and relationships between them (event chains) that affect project schedules. It is an uncertainty modeling schedule techniqu ...
* Function points * Planning poker * Program Evaluation and Review Technique (PERT) * Proxy-based estimating (PROBE) (from the Personal Software Process) * The Planning Game (from Extreme Programming) * Weighted Micro Function Points (WMFP) * Wideband Delphi


See also

* Estimation in software engineering * Software development effort estimation * Comparison of development estimation software * Work Breakdown Structure * Guesstimate * Ballpark estimate * Construction Estimating Software


External links


Project Estimation Methods

Estimation chapter from "Applied Software Project Management" (PDF)





Three types of B2C estimates
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