Cost estimation is a critical part of software development. As a software developer, I’m always on the lookout for ways to improve my estimations and boost my profitability. However, I find that some of the methods I’ve been using just don’t work. I can’t seem to put my finger on what’s wrong.
Software cost estimating is really the only true way to gauge the costs of your software. Without this, you’ll never know exactly how much it’s going to cost to develop your software or whether it will break even or lose money over the course of its life. If you know how much it’s going to cost to develop it, you can quickly and easily make decisions about outsourcing and contract work that will help you keep more of your profits.
Even though there are a ton of software cost estimation templates out there, you’ll need to do some careful comparison-shopping before you actually get started. The more you know about software cost estimation software, the better your decision will be when choosing.
Here are some simple questions to ask yourself: Do you have the ability to change your software at any time? What kind of tools do you use to do your estimates? Do you have any experience with using this software?
Tools and expertise will go a long way. For instance, you may have a tool that allows you to automatically check in your data at certain intervals.
The other question you should ask is how well the software cost estimation template does its job. You want to make sure that all of the data you input will be included in the estimation (or you won’t be able to effectively use the software).
Another important consideration is whether or not the software cost estimation template works with your company’s needs. If you have a particular software you’re counting on being in high demand, then you want a software that’s able to handle your needs.
Finally, you want to consider what kind of support the software cost estimation template provides you with. Some cost estimation software packages provide a wealth of support that includes updates, backup, export, and other reporting functions.