Expert Judgment Estimation
The simplest, but also the most inaccurate, estimation technique is expert judgment estimation. With this technique, you simply ask one or more “qualified experts” what they think the actual outcome will be. The software professional him/herself (the one carrying out the decision-making study) will probably be that expert in many cases.
As an example of expert judgment estimation, suppose you work at a company that is just getting into the business of building and installing hardware and software that automates public libraries. How do you decide how much to bid when the very first Request For Proposal (RFP) arrives, asking to automate a regional library system with 10 branches and 80,000 books? Maybe the best you can ...
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