What can be considered a good effort estimate for a software project?
The effort required to complete a software project is a prime factor that is used to arrive at the price. A good effort estimate for a software project also helps create a realizable development plan and support realizable plan revisions. A good estimate is not the only factor that determines the success of the software project. Nevertheless, having a good estimate is surely a factor that has significant benefits.
Here are the characteristics of a good software project estimate: