SoftGuide > Functions / Modules Designation > Effort estimation

Effort estimation

What is meant by Effort estimation?

The term "effort estimation" refers to the approximate determination of the necessary resource input for carrying out a project or task. It includes the forecast of time, personnel, and financial expenditure and serves as a basis for project planning, budgeting, and decision-making.

Typical software functions in the area of "effort estimation":

  1. Project structuring: Breaking down the project into work packages and subtasks.
  2. Resource allocation: Assigning personnel, time, and costs to individual tasks.
  3. Estimation method integration: Implementation of various estimation techniques such as expert estimation or algorithmic methods.
  4. Scenario analysis: Creation of best-case, worst-case, and most-likely scenarios.
  5. Comparative analysis: Comparison of estimates with historical data from similar projects.
  6. Risk assessment: Identification and quantification of factors that may influence the estimated effort.

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The function / module Effort estimation belongs to:

Calculation

Software solutions with function or module Effort estimation:

myPARM - Multi-project management software
Multi-project management and PPM software
OCT planning
OCT planning
 
 
 
 
 
 
Unlimited possibilities for corporate planning at operational level
GEBRA-Suite
GEBRA-Suite
 
 
 
 
 
 
Customized business applications with flexible modules
HEINZELMANN Service.Desk
Helpdesk-Software / IT-Service-Management-Software
prima
 
 
 
 
 
 
The solution for project-oriented service companies
Service Portal ERP
 
 
 
 
 
 
Organization and management of service requests
Voracity
Voracity
 
 
 
 
 
 
The most powerful platform for end-to-end data management
fi-square
fi-square
 
 
 
 
 
 
The complete solution for manufacturing companies
elKomBI
elKomBI
 
 
 
 
 
 
Controlling software for analysis, planning and reporting with IBM Planning Analytics TM1
FACTON EPC
 
 
 
 
 
 
Software solution for company-wide standardized product cost calculation
Show all 14 programs with Effort estimation