Software Planning & Technical Documentation - Estimate Software Development Costs

Software development is also not a very exact process. Yes, when building a minor feature to perform a simple task, you can be precise with how much funding such a project will require. But if the product must solve a business problem, this creates a lot of uncertainty. And uncertainty isn’t something that you can easily put into calculations. 0:00 Intro 0:40 Why cost estimation is difficult 3:00 Estimation techniques 3:48 Analogous estimating 5:22 Parametric estimating 6:16 Three-point estimating 7:08 Bottom-up estimating 8:28 Story points and planning poker 10:57 Velocity 12:27 Project management triangle Read more about estimate software development costs in our blog: https://www.altexsoft.com/whitepapers/estimating-software-engineering-effort-project-and-product-development-approach/ [ 1 ] https://ptgmedia.pearsoncmg.com/images/9781572316218/samplepages/9781572316218.pdf Learn more about AltexSoft: https://www.altexsoft.com Follow us on LinkedIn: https://www.linkedin.com/company/altexsoft/ Follow us on Facebook: https://www.facebook.com/altexsoft/ Follow us on Twitter: https://twitter.com/AltexSoft Follow us on Instagram: https://www.instagram.com/altexsoftcom/ Music by Epidemicsound.com