The success of any software project largely depends on effective estimation of project effort, time, and cost. Estimation helps in setting realistic targets for completing a project. The most important estimation that is required to be fairly accurate is that of effort and schedule. This enables us to obtain a reasonable idea of the project cost.
If the effort and schedule estimates are inaccurate, it can impact the project cost drastically and result in the project being delayed. Therefore, before initiating a project, it is essential to know how long it would take to complete the project, what would be the development cost, and how many resources would be required. Using the process of effort and schedule estimation, we can calculate fairly accurate estimates.
Software size is an important input for estimating the effort, schedule, and cost of software. There are various methods and techniques available to estimate these factors.
Function point technique helps to estimates
|Each application is valid for a period of One Year.|
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