Approach to cost estimation in software development to really hit the mark

An accurate cost estimate is the key to a successful software development project. This may sound a bit cliché — but we’re serious about this here. After all, it’s money and software we’re talking about. Let me walk you through how we approach the software cost estimation process at Asper Brothers and share some (hopefully useful) tips that have helped us nail it down.

In this article you’ll learn about:

• We will tell what are the main benefits of an accurate cost estimation
• You will know several types of cost estimation in software project management
• What do we need to focus on in our ballpark estimates for software projects?
• How we approach the estimation process step by step
• Useful tips you should know to avoid overshooting costs and time in estimates
• We will introduce you some useful tools which can help to create cost estimates

So, why is creating an accurate cost estimate important, again?

There are plenty of reasons, but let’s focus on a selected few:

• It helps you define your team’s effort that you’ll have to put into the project and the exact scope of work. This, in turn, will help you come up with an adequate price you’ll present to the client. (And I don’t think I have to tell you what undercharging means for you and your company.)

… to see all content of this article, please visit — https://asperbrothers.com/blog/cost-estimation-in-software-development/