Test Estimation Techniques – A step by step process – Software cost estimation

Project Management
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A step by step guide for Test Estimation Techniques.
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Let’s look into some of the activity estimation technique in this PMI PMP project management tutorial here.
First is activity estimation technique is ,Analogous Estimating.
– This technique used for estimating the duration or cost of an activity or a project using historical data from a similar activity or project.
– This is used to estimate project duration when there is a limited amount of detailed information about the project is available but is less accurate.
example.
If the last 5 similar projects took 6 months,this one will also take 6 months.
Next project activity estimation technique is,Parametric Estimating.
– This uses a mathematical model to calculate projected times for an activity based on historical records from the previous projects and other information.

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example.
if the assigned resource is capable of installing 100 meters of cable per hour ,the duration required to install 2,500 meters is 25 hours.
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