The tracking and reporting the variability and reliability of estimates made through systems can be effectively done by a method known as function point estimate. To implement this method two things need to be done. First, data on existing projects must be recorded in the database. Second, the estimated project is then compared with the projects in the database using regression analysis or ranking to determine the man-hour estimate. This analysis is a statistical method and has proven useful on an number of projects.
Dec 19th, 2014
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