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Introduction to Software Engineering/Project Management/Cost Estimation
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The ability to accurately estimate the time and/or cost taken for a project to come in to its successful conclusion is a serious problem for software engineers. The use of a repeatable, clearly defined and well understood software development process has, in recent years, shown itself to be the most effective method of gaining useful historical data that can be used for statistical estimation. In particular, the act of sampling more frequently, coupled with the loosening of constraints between parts of a project, has allowed more accurate estimation and more rapid development times.
Methods
Popular methods for estimation in software engineering include:
Analysis Effort method
COCOMO
COSYSMO
Evidence-based Scheduling Refinement of typical agile estimating techniques using minimal measurement and total time accounting.
Function Point Analysis
Parametric Estimating
PRICE Systems Founders of Commercial Parametric models that estimates the scope, cost, effort and schedule for software projects.
Proxy-based estimating (PROBE) (from the Personal Software Process)
Program Evaluation and Review Technique (PERT)
SEER-SEM Parametric Estimation of Effort, Schedule, Cost, Risk. Mimimum time and staffing concepts based on Brooks's law
SLIM
The Planning Game (from Extreme Programming)
Weighted Micro Function Points (WMFP)
Wideband Delphi
External links
Software Estimation chapter from Applied Software Project Management (O'Reilly)
Article Estimating With Use Case Points from Methods & Tools
The Dynamics of Software Projects Estimation
Resources on Software Estimation from Steve McConnell
Links on tools and techniques of software estimation
Article Estimating techniques throughout the SDLC