Comparative Analysis of Software Effort Estimation Techniques

Project Failure is the major problem undergoing nowadays as seen by software project managers. Imprecision of the estimation is the reason for this problem. As software grew in size and importance it also grew in complexity, making it very difficult to accurately predict the cost of software development. This was the dilemma in past years. The greatest pitfall of software industry was the fast changing nature of software development which has made it difficult to develop parametric models that yield high accuracy for software development in all domains. Development of useful models that accurately predict the cost of developing a software product. It is a very important objective of software industry. In this paper, several existing methods for software cost estimation are illustrated and their aspects will be discussed. This paper summarizes several classes of software cost estimation models and techniques. To achieve all these goals we implement the simulators. No single technique is best for all situations, and that a careful comparison of the results of several approaches is most likely to produce realistic estimates.