Project Estimation

Project estimation is the process of predicting the resources, time, and costs required to complete a project successfully. It involves analyzing the project's scope, tasks, and potential challenges to develop an informed plan. Accurate estimates help organizations allocate appropriate budgets and schedules, manage expectations, and identify risks early on. Good estimation requires experience, understanding of similar past projects, and careful consideration of uncertainties. Ultimately, it provides a realistic roadmap for completing the project efficiently and effectively.