Estimate Software Development Costs

AltexSoft December 17, 2023
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AltexSoft is an AI-powered software engineering and technology consulting firm trusted as a partner in business transformation and product development. On this channel we share our technology reviews and explainer videos about product management, artificial intelligence, travel technology, data engineering and more. To contact us: [email protected] To request permission to use our videos: [email protected]

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Software development is also not a very exact process. Yes, when building a minor feature to perform a simple task, you can be precise with how much funding such a project will require. But if the product must solve a business problem, this creates a lot of uncertainty. And uncertainty isn’t something that you can easily put into calculations. 0:00 Intro 0:40 Why cost estimation is difficult 3:00 Estimation techniques 3:48 Analogous estimating 5:22 Parametric estimating 6:16 Three-point estimating 7:08 Bottom-up estimating 8:28 Story points and planning poker 10:57 Velocity 12:27 Project management triangle Read more about estimate software development costs in our blog: https://www.altexsoft.com/whitepapers/estimating-software-engineering-effort-project-and-product-development-approach/ [ 1 ] https://ptgmedia.pearsoncmg.com/images/9781572316218/samplepages/9781572316218.pdf Learn more about AltexSoft: https://www.altexsoft.com Follow us on LinkedIn: https://www.linkedin.com/company/altexsoft/ Follow us on Facebook: https://www.facebook.com/altexsoft/ Follow us on Twitter: https://twitter.com/AltexSoft Follow us on Instagram: https://www.instagram.com/altexsoftcom/ Music by Epidemicsound.com

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