Organizations need to make software effort and cost estimates.
There are two types of technique that can be used to do this.
1. Experience-based techniques
The estimate of future effort requirements is based on the manager's experience of past projects and the application domain.
The manager makes an informed judgment of what the effort requirements are likely to be.
2. Algorithmic cost modeling
In this approach, a formulaic approach is used to compute the project effort based on estimates of product attributes, such as size, and processes characteristics, such as experience of staff involved.
The closer the project is delivered to the customer, the less estimation uncertainty there is.
강승구
Thank you for sharing your insights on software estimation techniques in your article. It's always valuable to explore different approaches in this critical aspect of software development. If you're interested in diving deeper into this topic, I recommend checking out this resource: https://www.cleveroad.com/blog/software-development-time-estimation/. It provides additional perspectives and best practices for software development time estimation that can complement your knowledge.