Software development is also not a very exact process. Yes, when building a minor feature to perform a simple task, you can be precise with how much funding such a project will require. But if the product must solve a business problem, this creates a lot of uncertainty. And uncertainty isn’t something that you can easily put into calculations.
0:00 Intro
0:40 Why cost estimation is difficult
3:00 Estimation techniques
3:48 Analogous estimating
5:22 Parametric estimating
6:16 Three-point estimating
7:08 Bottom-up estimating
8:28 Story points and planning poker
10:57 Velocity
12:27 Project management triangle
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