A Review on Cost and Effort Estimation Approach for Software Development
Geetika Batra, Kuntal Barua · 2013
The development of software in a success manner depends on accurate estimation, as numerous factors are responsible for the overall assessment of any project. Estimation of cost and effort is most complicated and challenging task in software industry. Many estimation models are introduced by the time, that concludes estimation is not a precise science and demanding of new methodologies should be proposed day by day. This paper highlights general overview of cost estimation different techniques and metrics including latest trends in this field. Identification of Problems and solutions to those problems is motive of this review. Introducing the new approach is supportive for the reduction of cost and effort. the project manager to deal with. By summarizing literature review problems are identified and solution in the form of a new approach can be developed. As each approach at some or other end had its own pitfalls. The software has one important characteristic that the cost always grows with the time, as time increases the cost always increase. In this case, this paper introduces novel approach, for reducing it. This section describes an overview of estimation of projects Section 2, Literature review includes Background that gives the description of the existing work and the problem description of methods and models of cost and effort estimation and Literature Extraction which mentions advantages and disadvantages of techniques and sort them to find the best approach. Section 3, Problem identification includes Problem Definition and its solution, Section 4 includes Conclusion.