Overcoming Software Cost Estimation Challenges: A Guide for Project Managers

Anant Jain04 Oct, 2024Technology

In software projects, cost estimation is often difficult due to several common challenges. Vague or incomplete requirements can lead to misunderstandings, causing the project scope to expand and inflate costs. Evolving technologies and rapidly changing market trends make it difficult to predict the time and resources needed for development. Additionally, unexpected complexities in the coding or integration phases can further disrupt budgets.