There is a long process that leads to cost estimation.
When answering these questions, there are few things we need to understand: how to calculate software development cost?
Estimation is important because it helps not only have a knowledge of the budget needed but also have an idea of the time needed to complete the project.
Hour: 60 minutes of continuous work.
A thorough understanding of dependencies and anticipation for resources needed are ingredients of a good planning.
Another approach consists of doing the estimation based on similar projects, the actual man-hours needed to complete them and adapt to the context of the software project to estimate.
Project management is all about taking an idea, a future product or a future service and turning into the product or service it was planned to be.
How can you do this?
You can do this by using various skills such as leadership, communication, planning skills, time management, risk assessment and negotiation skills. You have to take the idea, the project, and make sure you negotiate the terms of delivery very thoroughly, so unexpected requirements won’t appear along the way.
Then, you need to be able to evaluate it in terms of time and resources. If you are a project manager in the IT industry, you will have to be able to reach an affirmation like this: ‘To be able to deliver this project I will need 6 developers, two quality analysts, one business analyst. They will work on roughly 400 tasks which will be done during 24 sprints.’
Also, a very important aspect of project management is the ability to predict risks, bottlenecks, and, last, but not least, motivate the entire team in order to deliver the project in a timely manner.
If you are already working as a project manager, at least once during your career, you might’ve reached a moment when you thought you need to take your project management strategy to the next level.
During this article, we’ll go through aspects that might help you get over this resistance in your career and turn the situation into a support for the development of your career.
