Software Cost Estimation

Software cost estimation is the process of predicting the resources, time, and money required to develop a software project. It involves analyzing project requirements, complexity, and scope to provide an informed estimate of effort and expenses. Accurate estimation helps organizations plan budgets, allocate resources effectively, and manage expectations. Methods can include expert judgment, historical data analysis, and mathematical models, all aiming to reduce risks and ensure the project can be completed on time and within budget.