What is estimation

Question

What is estimation

Accepted Answer

Estimation is the process of predicting or approximating the time, effort, or cost required to complete a task or project.

Estimation helps in planning and scheduling tasks.
It involves analyzing the requirements, breaking them down into smaller tasks, and assigning effort or time estimates to each task.
Estimation techniques can vary, such as expert judgment, historical data analysis, or using estimation tools.
Estimation is an iterative process and should be revisited and refined as more information becomes available.
Estimation helps in managing expectations and making informed decisions based on the estimated effort or cost.
Examples of estimation techniques include Planning Poker, Wideband Delphi, and Three-Point Estimation.

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