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4Chapter
Project Effort Estimation
Arguably in any project plan, effort estimation is the most difficult proposition.
It is even more difficult for service providers. For bidding purposes, they make an
initial project effort estimate based on initial customer requirements. At this stage,
not many aspects of the project are crystal clear. Understanding about the project is
also still not there. Most of the understanding about a project is gained only after a
project starts getting executed. So effort estimation done at this stage is very crude
and needs to be refined later.
Let us face it! Any service provider’s life hinges on good effort estimation. ...