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In software development, effort estimation is the process of predicting the most realistic amount of effort (expressed in terms of person-hours or money) required to develop or maintain software based on incomplete, uncertain and noisy input. Effort estimates may be used as input to project plans, iteration plans, budgets, investment analyses ...
Forecasting. Forecasting is the process of making predictions based on past and present data. Later these can be compared (resolved) against what happens. For example, a company might estimate their revenue in the next year, then compare it against the actual results creating a variance actual analysis. Prediction is a similar but more general ...
Technology forecasting attempts to predict the future characteristics of useful technological machines, procedures or techniques. Researchers create technology forecasts based on past experience and current technological developments. Like other forecasts, technology forecasting can be helpful for both public and private organizations to make ...
Other forecasts of technology were dealing with vehicle-highway systems, industrial robots, intelligent internet, broadband connections, and technology in education. Later the Delphi method was applied in other places, especially those related to public policy issues, such as economic trends , health and education.
Modeling and simulation ( M&S) is the use of models (e.g., physical, mathematical, behavioral, or logical representation of a system, entity, phenomenon, or process) as a basis for simulations to develop data utilized for managerial or technical decision making. [ 1][ 2] In the computer application of modeling and simulation a computer is used ...
Reference class forecasting is a method for taking an outside view on planned actions. Reference class forecasting for a specific project involves the following three steps: Identify a reference class of past, similar projects. Establish a probability distribution for the selected reference class for the parameter that is being forecast.
The RETScreen software wind power model is designed to evaluate energy production and savings, costs, emission reductions, financial viability and risk for central-grid, isolated-grid and off-grid wind energy projects, for multi-turbine and single-turbine hybrid systems. Developed by the Government of Canada, the software is multilingual, and ...
Agile software development is an umbrella term for approaches to developing software that reflect the values and principles agreed upon by The Agile Alliance, a group of 17 software practitioners in 2001. [ 1] As documented in their Manifesto for Agile Software Development the practitioners value: [ 2] Individuals and interactions over ...