Estimation Methods
Estimation methods are systematic techniques used in software development to predict the time, effort, cost, and resources required to complete a project or task. They help teams plan schedules, allocate resources, and set realistic expectations with stakeholders. Common approaches include expert judgment, analogy-based estimation, and algorithmic models like function point analysis or COCOMO.
Developers should learn estimation methods to improve project planning, reduce risks of delays or budget overruns, and enhance communication with clients and managers. They are essential in agile environments for sprint planning, in traditional waterfall projects for upfront budgeting, and in freelancing for accurate client proposals. Mastering estimation helps balance scope, time, and quality effectively.