Budget estimation is a huge part of the work day in the IT industry. You have the responsibility of collecting your clients' requirements, translating them into technical tasks, distributing them to the team, and creating a cost estimation. The whole process is a crucial element for customers, as it’s what allows them to decide whether to start the implementation of particular features or not.
However, the estimation process brings with it various challenges. Requirements may be coming from several sources, they can be numerous, and it can be difficult to also keep track of historical estimations you have given the same client.
That is why we have started this blog - to discuss the challenges we all face when putting together estimations, to share tips and tricks, and to outline best practice.