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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; Popular estimation processes for software projects ...
A lightweight methodology is a software development method that has only a few rules and practices, or only ones that are easy to follow. In contrast, a complex method with many rules is considered a "heavyweight methodology". [1] Examples of lightweight methodologies include:
The Putnam model is an empirical software effort estimation model [1] created by Lawrence H. Putnam in 1978. Measurements of a software project is collected (e.g., effort in man-years, elapsed time, and lines of code) and an equation fitted to the data using regression analysis .
Published surveys on estimation practice suggest that expert estimation is the dominant strategy when estimating software development effort. [3] Typically, effort estimates are over-optimistic and there is a strong over-confidence in their accuracy. The mean effort overrun seems to be about 30% and not decreasing over time.
Cost estimation in software engineering is typically concerned with the financial spend on the effort to develop and test the software, this can also include requirements review, maintenance, training, managing and buying extra equipment, servers and software. Many methods have been developed for estimating software costs for a given project.
The MoSCoW method is a prioritization technique used in management, business analysis, project management, and software development to reach a common understanding with stakeholders on the importance they place on the delivery of each requirement; it is also known as MoSCoW prioritization or MoSCoW analysis.
According to the PMBOK (7th edition) by the Project Management Institute (PMI), Estimate at completion (EAC) is the "expected total cost of completing all work expressed as the sum of the actual cost to date and the estimate to complete." [19] EAC is the manager's projection of total cost of the project at completion.
Basis of estimate (BOE) is a tool used in the field of project management by which members of the project team, usually estimators, project managers, or cost analysts, calculate the total cost of the project.
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