Estimation of Size, Effort and Cost

Abstract

Estimating size and cost is one of the most important topics in the area of project management. You cannot plan if you don’t know these basic parameters. The dynamics of the software market with increasing usage of external components and adapting code instead of writing it from scratch has lead to extended or new kinds of methods for the estimation of product size or development effort in the background of cost estimation. Gradually estimation moves away from mere volume-or size-based estimation towards functional and component estimation.