This article is orginally published at http://www.developer.com/mgmt/article.php/1463281 by Mr.Sanjay Murthi. Full credits to the original author.
The Importance of Good Estimation
Software projects are typically controlled by four major variables; time, requirements, resources (people, infrastructure/materials, and money), and risks. Unexpected changes in any of these variables will have an impact on a project. Hence, making good estimates of time and resources required for a project is crucial. Underestimating project needs can cause major problems because there may not be enough time, money, infrastructure/materials, or people to complete the project. Overestimating needs can be very expensive for the organization because a decision may be made to defer the project because it is too expensive or the project is approved but other projects are "starved" because there is less to go around.
Read full aticle at http://www.developer.com/mgmt/article.php/1463281
No comments:
Post a Comment