Cost estimation is one of the crucial aspects of project management and is standard practice for stakeholders. But in the early stages, project managers rarely have all the information needed to calculate costs accurately. Therefore, they must resort to a rough order of magnitude (ROM) estimate.
What is ROM in estimating? It is a type of valuation used to determine the costs of various projects. The ROM assessment aims to provide stakeholders and decision-makers with an idea of the approximate cost of the construction or IT projects. It is also called “approximate order of magnitude” or conceptual assessment. So, what does ROM stand for? Let’s clarify it in more detail.
https://jelvix.com/blog/rough-order-of-magnitude
Ever thought of having a solid initial code set up for your personal projects, if yes, using loopback for your projects will be a very good starting point making your development timelines reduce drastically.
Loopback is built upon ExpressJS which helps the developers to build REST APIs in a declarative matter.
The next part will be a guided tour of the installations required and setting up the project.
If already installed, skip this section
I presume you have Node and NPM already installed in your system.
we can use install them globally(preferable) or in a particular directory.
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