Estimating Time in Software Projects

The article on Vadim Kravcenko's website focuses on project cost estimation in IT. The author begins by explaining why accurate estimates are crucial and how they impact the success of a project. Different estimation methods are provided, such as analogous estimation, parametric methods, and detailed task-based estimation. Factors like team experience, project complexity, and resource availability significantly influence the accuracy of these estimates. In conclusion, the author emphasizes the importance of regularly reviewing and updating estimates as the project progresses, which enables better management of stakeholder expectations and minimizes risks.