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In software development, effort estimation is the process of predicting the most realistic amount of effort (expressed in terms of person-hours or money) required to develop or maintain software based on incomplete, uncertain and noisy input.
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.
A cost estimate is the approximation of the cost of a program, ... Software development cost; ... Application of best practices helps ensure a high-quality estimate ...
Function points were defined in 1979 in Measuring Application Development Productivity by Allan J. Albrecht at IBM. [4] The functional user requirements of the software are identified and each one is categorized into one of five types: outputs, inquiries, inputs, internal files, and external interfaces. Once the function is identified and ...
Software sizing or software size estimation is an activity in software engineering that is used to determine or estimate the size of a software application or component in order to be able to implement other software project management activities (such as estimating or tracking).
Construction cost estimating software is computer software designed for contractors to estimate construction costs for a specific project. A cost estimator will typically use estimating software to estimate their bid price for a project, which will ultimately become part of a resulting construction contract. Some architects, engineers ...
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