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Published in:
2018 | OriginalPaper | Chapter
4. Digital Project Estimation and Pricing
Author : Shailesh Kumar Shivakumar
Published in: Complete Guide to Digital Project Management
Publisher: Apress
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Abstract
Effort estimation is an important aspect of project planning, as it helps the project manager accurately staff and allocate resources. An accurate effort estimate for the end-to-end digital project activities helps with right staffing and helps estimate the overall cost and project margin. Once the project plan and high-level activities are finalized, the digital project manager has to estimate the effort needed to complete each of the project activities. You can use various estimation modules such as function point estimation, use case based estimation, SMC (simple, medium, and complex) estimation, etc. Based on the project execution model, the project manager has to select the most appropriate estimation model suitable for the project. After estimation, the project manager has to use the appropriate pricing model to arrive at the overall project cost.