What is project estimation?

[addisoncave]

Please guide me about project estimation from the basic!

[Dam Ponting]

In Project administration (e.g., for building), precise evaluations are the premise of sound undertaking arranging. Many procedures have been created to help designs in making precise evaluations, for example, Similarity based estimation. Compartmentalization (i.e., breakdown of undertakings) Cost gauge.

[davidweb09]

When the project will completed is the estimated time frame.

[ORLOVA]

Project Estimating. Estimating is a critical part of project planning, involving a quantitative estimate of project costs, resources or duration.

[richardmsmith]

Project estimation techniques are critical survival tools for predicting when a project will finish and how much it will cost. Estimating duration and cost accurately can make the difference between consistent success and frequent failure.

[DavidMichael]

The project estimation means to estimate the project cost and time.