Software estimation is the technique to establish the size, effort, schedule, resource & cost before committing for a software project. It provides the stakeholders basis to evaluate the project feasibility.
Software estimation is the most essential part of a project since it provides the information about how should one plan a project and report/record the progress of the project.
Why should anyone go for an estimation?
- Will you invest in an apartment without knowing how much it will cost?
- Will you travel to any destination without understanding the budget associated with it?
- Will you enroll for an examination/course without knowing the timeline, exams & budget?