Software Cost Estimation and its Techniques
Software Engineering
Q1: What is Software Cost Estimation?
Answer: Software cost estimation is a continuing activity, which starts at the proposal stage and continues through the lifetime of the project. In the project planning, the estimation of time effort and time with the identified project activities need to be done. Project managers normally ask the following questions in order to estimate all the software project activities.
✓ How much effort is required to complete an activity?
✓ How much calendar time is needed to complete an activity?
✓ What is the total cost of an activity?
Project estimation and scheduling are interleaved management activities. However, some cost estimation may be required to establish a budget for the project or to set a price for the software.
Q2: What are Software Cost Estimation Components?