Mike:
One of the hardest jobs in the software business is estimating new projects. It takes a substantial mix of experience, brute force effort, and a little luck. Estimation really is an art that refuses to be mastered, taking constant re-learning in order to improve over time. I'm by no means perfect at it (I doubt anyone really is), but I've certainly learned a lot about it over the years. Here, I'll share some of my experiences.
Irakli:
Software project estimation is a tough. If you get it right, great; but if you get it wrong - that's an issue. For anything but the most trivial, repetitive tasks there is no simple way. Except, math and the experience of other people. In this blog post we will describe an industry-standard Program Evaluation Review Technique that can help plan projects more realistically and even calculate expected error of estimation.
Rich:
Unlike many other goods and services, the process of estimating software cost is uniquely difficult. In this post, I’ll address some of the factors that contribute to this difficulty and make some recommendations on how to mitigate the risk of your project going over budget.
