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How to Estimate a Software Project Better: Working Methods and Common Pitfalls

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Vlad Dm

Cost estimation in project management is a valuable, or to be exact, a must-have stage. Well, you may skip it on your own risk, but only if you have unlimited finance or time. However, in the real business world, timing, ROI and revenue are able to either advance your business, keep it at the same level or destroy it.

We fully understand that clear software development time estimation is crucial for your stakeholders. Since they need at least approximate release date of the future app. But more importantly, that they constantly judge the successfulness of your project and whether it has been delivered on time and on budget. Therefore, this may affect your business relationships with them and, as a result, the future of your business.

Concerning software development, that is known as one of the hardest to predict, it's twice as important to clarify all project aspects in great detail. Often the task may seem easy at first sight, but it requires much more technical expertise later. Precise planning starts with a strict understanding of the purpose of your app, the users' wants and the skills of developers.

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Vlad Dm
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