Qualitative Inquiry of Software Cost and Effort Estimation Techniques

Abstract

Software cost and effort estimation is one of the supremeimperative asset of software industry. Effort and costprediction plays a vibrantpart in the failure or success of the software project implementation and as well as profited revenue. To survive in the market, a software house need to estimate the development cost and time before starting of project. Cost and effort estimation is most challenging decision making task, because number of developmentnecessities are not well defined and never easy to forecast on starting stage of Software building process. Number of cost and estimation techniques are currently being used, but none of these are given the 100% of accuracy in actual prediction, as these technique fall accurate in one development environment and fail in other one. Organizations want to automate the software effort and cost estimation procedures.This paper unfold the different technique of predicting cost and effort estimation based of literature review.