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Price evaluation of the IT project is one of the biggest challenges that companies face before starting the project. There are proven facts that many difficulties with cost estimating exist. Many projects fail or high risk occurs. Why that happens?
project. Creating exact scope with a client is usually difficult but gathering specific
information about the project definitely may help in terms of establishing costs and resources.
If we skip the process, our project may create necessity of changing parts of the project in
the middle of development process, which usually is causing higher costs and project delay.
Proper task assignment is a challenge for a Project Manager as well as project team.
Precise task delivery estimation is very important. It is recommended to create step by step plan.
Doing that we may avoid unplanned smaller tasks that will cause delays which again could
In order to estimate project properly you need experience. It is not recommended to
assume that specific task is very easy and it will not take a lot of time to complete.
There are certain things you may overlook:
emergency resources. It is important to adjust amount of resources based on how big is your
development team and how big is the project.