Project cost estimation is one of the most challenging tasks in project management. Estimates are used to allocate budgets, measure success or failure as well as to devise and define overall strategies. It is easy to see that, while estimation plays an enormously important role in these processes, it is very difficult to implement.
The course provides various methods and useful guidelines for software estimation and also introduces the science of software estimation. The methods will be evaluated with respect to their advantages and disadvantages as well as their applicability in a conventional and agile project environment. Management processes that are involved in every estimation will also be a particular point of focus. During the course, various scenarios will be discussed that show how effective mediation between the different stakeholders in a project can be in order to be measured against the right expectations.
Various exercises allow participants to become more familiar with the different methods, thus rounding off the course in a very practical manner.
Following the course, participants will be in a position to make estimates using various methods and determine how meaningful estimates are. Participants will have a sound basis upon which they can justify their estimates.
Managers, project managers and software developers who are confronted with the task of preparing project cost estimates or verifying previous estimates.