Project Estimation Course
6 Online Courses
Verifiable Certificate of Completion
Skills you will master
- Software Estimation
- Work Breakdown Structure
- Program Evaluation And Review Technique
- Use Case Point Analysis
- Cocomo Model
- Function Point Analysis
- Cost Estimation
- Project Tracking
- Managing Software Projects
- Managing Risks
- Managing Time
- Managing Quality
- Managing objective
- Managing changes
Project budgets, time, and resources form crucial parts within project management and can surely be the deciding factors for the success or failure of your project. You may have an excellent idea and you may consider yourself an amazing project manager but the truth lies in how your project fares in the long run and how much of that is based on your estimates towards your software projects. The entire purpose of software development came as a competitive alternative to many hardware utilities and products. With the use of software, costs were always kept at bay as compared to hardware and that brought out a new outlook to the industrial sector.
With increasing amounts of software being designed for different systems and computers, it became necessary for software development to adopt the ways of project management, which were restricted to manufacturing and production in the early days. As timelines, scopes, and costs were key components within the entire scope of developing software, soon project managers realized at how inversely proportionate these components were. If there was a tighter timeline associated, the cost of getting this done was incredibly increased and the scope was widened, and all the different permutations and combinations.
Cost, Scope, and Time became the centers of control and manipulation for project managers and they made it a best practice to indulge in software project estimation, looking through each and every aspect and having figures associated with them that should maintain a balanced output for the project. This became an effectively challenging job to do and also critical to business. Project planning and control were soon based on the estimates given and project managers were slapped with two situations:
Underestimation of the project – in this situation, you are mostly going to under-staff your project, scope it too little around the quality aspect, and even keep a tight schedule as you don’t expect it to be a huge project.
Overestimation of the project – in this situation, you are mostly going to over-stuff your project, scope it beyond its actual worth and quality requirements, and keep a flexible and amply large schedule.
In both these scenarios, you will be running into losses and spending more money on your projects: first, to make up for the shortage of resources and second, for absolutely nothing at all.
In order for you to dodge these situations and have a fair estimation of your entire project, it’s very important that you understand your project completely before entering into the software project estimation part. The basics of software project estimation involve the use of 4 steps. They are as follows:
Project Size – Estimating the size of the development software in either Line of Code (LOC) or Function Points (FP)
Resource – Estimating the effort in man-hours or months
Schedule – Estimating the schedule in calendar months or calendar days
Cost – Estimating the project cost in a relevant currency
In order to estimate these aspects of a project in the most accurate manner, it’s essential and beneficial for you to latch onto the different methods and tools available. These tools and methods can be either integrated to your project’s software and various tools or it can be a stand-alone tool that can help you yield out great estimations for you to base your project on. Some of these methods and tools include:
Wideband Delphi Estimation Method – Used to estimate the efforts to be put into a software, the Wideband Delphi estimation method uses the principles of the Delphi method, which is a structured communication method used by project managers as a forecasting tool.
Work Breakdown Structure (WBS) – This technique enables the project manager to decompose a software project into smaller, manageable components that can be measured and estimated in the best way possible. The approach used here is based on the deliverables of each unit that the project targets at.
Program Evaluation and Review Technique (PERT) – This is a statistical tool and can be used by a project manager to analyze the various tasks that are involved into completing a software project in a successful manner. It identifies using Critical Path Method (CPM) the shortest route to complete a particular task or activity or a project and attaches the time used to complete it.
COCOMO Model – This is an algorithmic-based cost estimation tool that uses the basic regression formula on the past history of project data.
Use case Point Analysis (UPA) – Used specifically for software development projects, Use case Points is a software estimation technique that can help you forecast the size of the software project and accordingly take further decisions and steps.
Function Point Analysis (FPA) – With the use of function points, this estimation technique looks into smaller components of the software project and establishes the functionality and the value that each function adds to the project and in turn to the product being developed.
Software Project Estimation Training Description
Basic Concepts of Software Estimation – In this section, you will understand the need for software project estimation, the people involved in this process, and the different software estimation techniques used to get software project estimation up and running.
Work Breakdown Structure (WBS) – Learn everything you need to know about WBS and learn how you can put this unique and structured tool into practice to find out the workflow that your tasks and activities are subjected to.
Program Evaluation and Review Technique (PERT) – Understand the concepts of Critical Path Method and how we can use the estimation power within numbers to determine the time needed for each task within the project and the amalgamation of these times for tasks into the time needed by your software project.
Effort, Schedule, and Cost Estimation, Project Tracking – Get to know about the different points of estimations and how you are to put to use software estimation techniques for the purpose of estimation. Learn about project tracking and how important is it when the project is on-going.
What are the prerequisites to online Software Project Estimation Training?
Project managers are always expected to present the best and most accurate estimation of the effort, the schedule, and the cost of their software projects. With project management in play, these concentrated efforts can be made with the help of methods and software estimation techniques to come to the closest estimation possible. For the purpose of this training, you don’t need to have exquisite knowledge or certification in your hand, but all you need are the following two things:
Basic computer knowledge – most of the techniques now come as tools and are normally part of a system or are stand-alone systems. Computer knowledge will help you to understand these software estimation techniques and its internal workings better, should you later want to customize them as per your software project requirements.
Zeal to learn – As a project manager, it’s essential to know that you can never learn enough. Your learning graph should always continue its momentum and keep getting higher. Within a field like a project management, where there are updates and developments at almost every turn of the way, it’s important to keep yourself refreshed about the different methods and learn how to put the theory into practice. Learning can be your greatest tool in all your software project estimation endeavors.
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- Can I access this course from anywhere?
Yes, you can definitely access this course from anywhere & everywhere. Once you are registered for this Online Training Bundle, you will get your own login credentials which you can use to access the video materials and other contents from anywhere.
- Is there a Classroom Training available for this Online Training?
All our courses are available online so as to enable any user, who may have limited time, to study his courses of choice online. The training materials are accessible 24*7 for the users.
- Who are the Instructors for this Online Training?
The instructors are Industry based professional who have had tons of experience in the field of Online Training. All the courses in this bundle are based on Industry based standards. Also the courses have been started from Scratch to get the participant well-acquainted with each and every Online Training concept.
- Are there any Certification Courses for Online Training available in this Online Training bundle?
Yes, there are certification courses available for the same in this Ultimate Online Training Bundle. To name a few- PMI-ACP Exam Prep – PMI Agile Certified Practitioner Training, PMP Exam Prep Training, NCFM based Modules, ITIL Modules, CFA Training etc.
- When will I receive my certificate for any course?
You will receive certificate for completing each course in the Online Training Bundle. Once you have seen more than 70% of the training material in any course, you can issue your certificate.
- Are there any Pre-requisites for enrolling to this Online Training Bundle?
No, there are no pre-requisites for this training. Anyone who is keen to learn about specific Industry based domains can enroll for this Ultimate bundle.
- Will I get any technical Support during my Training at eduCBA?
Yes, you will be getting technical Support from eduCBA. In case you have any technical issue, you can drop us a mail or call us to get your doubts cleared.
- What are the Payment Options?
There are both Online & Offline Payment options available. In online payment options you pay by Credit Card, Debit Card or Net Banking. In offline payment option you can deposit Cash, Cheque or Demand Draft.
- What if I have more Queries?
Just drop us a mail on email@example.com