Cost Estimation vs Guesswork
Developers should learn cost estimation to improve project planning, resource allocation, and stakeholder communication, especially in roles involving project management or leadership meets developers should use guesswork when dealing with ambiguous requirements, debugging complex systems without clear logs, or in time-sensitive situations like hackathons where quick decisions are needed. Here's our take.
Cost Estimation
Developers should learn cost estimation to improve project planning, resource allocation, and stakeholder communication, especially in roles involving project management or leadership
Cost Estimation
Nice PickDevelopers should learn cost estimation to improve project planning, resource allocation, and stakeholder communication, especially in roles involving project management or leadership
Pros
- +It is essential for creating realistic budgets, avoiding cost overruns, and justifying investments in software development initiatives
- +Related to: project-management, agile-methodologies
Cons
- -Specific tradeoffs depend on your use case
Guesswork
Developers should use guesswork when dealing with ambiguous requirements, debugging complex systems without clear logs, or in time-sensitive situations like hackathons where quick decisions are needed
Pros
- +It helps in moving forward by making reasonable assumptions, such as estimating API response times or hypothesizing bug causes, but should be followed by validation to avoid errors
- +Related to: debugging, agile-development
Cons
- -Specific tradeoffs depend on your use case
The Verdict
Use Cost Estimation if: You want it is essential for creating realistic budgets, avoiding cost overruns, and justifying investments in software development initiatives and can live with specific tradeoffs depend on your use case.
Use Guesswork if: You prioritize it helps in moving forward by making reasonable assumptions, such as estimating api response times or hypothesizing bug causes, but should be followed by validation to avoid errors over what Cost Estimation offers.
Developers should learn cost estimation to improve project planning, resource allocation, and stakeholder communication, especially in roles involving project management or leadership
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