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ProjectManager’s Gantt charts help you estimate time, costs and track progress. Learn
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This is the first formal project management framework and goes from project planning,
analysis and design to implementation, testing and maintenance. The Start
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you can add to activities, key roles and deliverables for each of these stages, the more
accurate your software development estimate will be.
2. Check Your Project Requirements
Once you have the software development life cycle completed, it’s time to check your
project requirements and ensure they match those defined by your stakeholders or
client. The clearer your project requirements, the more accurate your software
development estimate will be. If you skip this step, it’s almost impossible to make an
accurate forecast of your costs and effort.
3. Make a Work Breakdown Structure
You started to define your activities in the first step, but now you need to collect every
task and deliverable for the project. The best tool for this task is a work breakdown
structure (WBS). It helps you collect all of the necessary steps to get you to the final
deliverable of your software development project, which will allow you to estimate time
and costs.
4. Use a Software Estimation Technique
Now that you’ve gathered the above information, the next step is to use a software
estimation technique. The type you use will depend on the project methodology you’ll
use for the software development project. We’ll get into more specifics about software
development estimation techniques shortly.
Software Development Estimation Tools
Because of the complexity and the importance of forecasting in software
development, it’s crucial that you use software estimation tools to help you get more
accurate figures. As we mentioned before, brainstorming with your experienced team and
experts can offer valuable insights. Historical data is also a valuable asset. The following
are some other estimation tools to consider.
Work Breakdown Structure
The work breakdown structure (WBS) is part of the process of figuring out the time and
effort for your project. Let’s take a closer look at this tool and how the WBS acts as a
hierarchical list of project activities.
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p j Software Development Estimation: A Quick Guide
Bottom-Up Estimation: This is where a project is divided into tasks and subtasks
that are easy to define and manage. This makes it easier to come up with estimates
for these tasks. Adding them up from the bottom to the top is timely but accurate.
Top-Down Estimation: Conversely, top-down estimation reviews the overall scope
of the project by identifying the major elements of work and making estimations
on the effort and time for them outside of the rest of the project. It creates a rough
or ball-park figure at an early stage of the project and takes less time than the
bottom-up type.
Parametric Estimation: The first step in parametric estimation is pinpointing the
requirements, complexity and technology involved in the development. Then, you
compile information on what work is necessary to complete a task from similar
projects. Finally, the cost is found by empirical relationships between the factors
involved and the total tasks in the project. In parametric estimation, use scalability
for accuracy.
R l ti Si i Thi i t f ti ti d b agile teams It’ d b
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Relative Sizing: This is a type of estimation used by agile teams. It’s done by
9/14/22, 2:20 AM Software Development Estimation: A Quick Guide
ProjectManager also offers one-click reports, task and resource management tools to
keep your teams working at capacity and email and in-app notifications to make sure
you’re instantly alerted of updates. Our software can help you plan, manage and report
on your next software development project with ease.
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